Category Archives: Real Estate

Real Estate

MAJID AL FUTTAIM BREAKS GROUND ACROSS TWO KEY PROJECTS AT ITS FLAGSHIP DESTINATION, TILAL AL GHAF

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MAJID AL FUTTAIM BREAKS GROUND ACROSS TWO KEY PROJECTS AT ITS FLAGSHIP DESTINATION, TILAL AL GHAF

– Total contract value: AED 3 Billion

– Innovo Build LLC Secures Elysian Contract, Unec Leads Alaya Project

Dubai, UAE, 22 January 2024: Majid Al Futtaim Development, part of Majid Al Futtaim, has today announced the breaking of ground across two upcoming residential features in its flagship lifestyle destination, Tilal Al Ghaf.  The contracts, totaling AED 3 Billion, have been awarded for Alaya and Elysian Mansions, with both neighbourhoods anticipated to be completed by mid-2026.

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Real Estate

UAE Property Forum in Sao Paulo to Attract Investors from Brazil on January 29-30

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UAE Property Forum in Sao Paulo to Attract Investors from Brazil on January 29-30

The Embassy of the United Arab Emirates hosts an Emirati Real Estate Forum with the participation of leading real estate developers

Dubai, UAE, January 20, 2024: The Embassy of the United Arab Emirates in Brazil and the Consulate General in Sao Paulo will host the first UAE Property Forum from January 29 to 30 at the Tivoli Mofarrej São Paulo Hotel, Brazil. This initiative aligns with the UAE’s efforts to attract foreign direct investment across various sectors, including real estate, and support tourism.

The forum is organized in collaboration with the International Property Show (IPS), a leading platform showcasing the latest developments in the real estate sector, promoting international cooperation, and exploring profitable investment opportunities. IPS, with a successful track record, will hold its 20th edition at the Dubai World Trade Centre from February 27 to 29, 2024, providing a unique opportunity for industry leaders, professionals, and investors to engage in meaningful dialogues and discussions, shaping the real estate landscape.

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Real Estate

Bayut – Dubai Property – Remarkable Sales and strong Rental Market Reports for 2023

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Bayut – Dubai Property – Remarkable Sales and strong Rental Market Reports for 2023

Dubai’s Property Sector Ends 2023 with a Triumphant Turn, Marked by Unprecedented Booms as shown in report by Bayut, the UAE’s Market-Leading Property Portal

Dubai, UAE – January 2024: Bayut, the premier property portal in the UAE, has unveiled its 2023 Dubai Property Market Report, shedding light on the most coveted areas within the emirate’s real estate sector. Through their latest property market reports, Bayut has provided a valuable repository of data to property seekers, to help them enhance their decision-making, using comprehensive market intelligence.

Based on the search trends observed on Bayut, the upward trajectory of property prices in Dubai persists, establishing a favourable setting for sellers and landlords. This sustained uptrend aligns with the heightened demand fuelled by the influx of investors and residents, resulting in unprecedented growth in the real estate market.

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Real Estate

Espace Real Estate releases comprehensive data on sales and rentals across 30 well-known communities in Dubai

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Espace Real Estate releases comprehensive data on sales and rentals across 30 well-known communities in Dubai

Espace Real Estate’s H2 report for 2023 reveals why more people are choosing to become homeowners, why sales transactions are up in more affordable communities and which communities have seen the biggest rental increases

Dubai, United Arab Emirates: 16 January 2024: A report published by Espace Real Estate has revealed some of the secrets behind the company’s 46% revenue growth in 2023.

Tracking the last six months of activity across 30 communities in Dubai and concentrating solely on the residential sector, the market insights report explains why transactions are down in some of Dubai’s most established communities and why the supply and demand imbalance in the secondary sales market is leading to substantial increases in the rental market.

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Real Estate

Dubai real estate 2023 performance is unique

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A specialist review

Dubai real estate 2023 performance is unique

*Real estate transactions exceeded half a trillion dirhams for the second year in a row

*Annual real estate sales increased 5 folds since the Covid-19 pandemic

*The demand momentum continues and 2024 prospects are tremendous

Walid Al Zarooni

Dubai, United Arab Emirates

Sunday, January 14, 2024

A review by W Capital, the leading Dubai real estate brokerage, showed that 2023  real estate performance in Dubai  was exceptional, as sales exceeded about AED400bn for the first time, in addition to making the largest land and apartment sales deals.

“The real estate market in Dubai is on  an upward trajectory since recovering from the Covid-19 pandemic in 2020, rising from AED69.8bn in 2020, to AED149bn in 2021, then to AED265.5bn in 2022, and finally to AED401bn last year,” said Real estate expert Walid Al Zarooni, W Capital CEO.

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