Author: Victoria Dickinson

Pearl of gulf Dubai’s burj khalifa, the tallest building in the world today , is complete fifteen years this coming weekend. The building was officially launched on January 4, 2010; the building has become a symbol of the modern world today; it has 828 meters in height. Although no formal celebrations have been announced, visitors can still enjoy the building’s stunning light and laser shows, which are running nightly at 8:at 30 pm, 9:15 pm, and 10:15 pm up until and including march 31, 2025. These shows with light, patterned images are the continuation of the New Year’s Eve show…

The Smart Rental Index 2025 will be launched by Dubai Land Department to transform the Dubai real estate market into the transparent and efficient industry. This innovative system prescribes a comprehensive building type classification system to define the property’s fair rental value to reflect the city’s Digital Strategy, and the Real Estate Sector Strategy 2033. The Smart Rental Index uses innovative resources, like AI to analyse the properties by its technical performance, improvement condition and quality, location of the property, and the amenities on offer. The index ensures that the tenants are charged reasonable prices for the rentals, simultaneously ensuring…

Airport retailing records the highest point of success through Dubai Duty Free as it gets the yearly sales up to AED7.901bn ($2.164) in 2024. The year-end result was supported by December sales’ record-high value of AED 821 944 ($225 190) and a 2% increase compared to December 2023. The December sale was supported by Dubai Duty Free with a 25% offer for its 41st anniversary on the 20th of December. Just one such promotional event the authority was able to sell worth AED59.993 million ($16.436 million) within a single 24-hour period. For the entire year 2024, the turnover figures of…

Both the UAE’s markets for shares came out of 2024 with considerable advancement due to a sound economy, foreign investments and successful IPOs. ADX & DFM Market Capitalization reached AED3.905 trillion from AED3.648 trillion end of 2023 based on the data. Market Highlights The ADX also saw its market capitalization rise to AED 2.998 trillion by the end of December 31,2024 from AED 2.961 trillion in the previous financial year. Likewise, DFM registered a substantial rise wherein the resultant market capitalization increased from AED687.5 billion in 2023 to AED 906.912 billion in 2024. Trading was sustained throughout the year with…

As the Dubai real estate prepares for the 2025 boom, several trends are poised to revolutionize the market there, according to Elite Merit Real Estate. The population is growing, property values are rising, demand for rentals is growing, and the investor’s confidence is high making the market very ripe for growth. Surge in Rental Prices: For the current year, the rental prices are likely to increase by a staggering 18% for short term, and over 13% for long term leases. This is attributed to the continual influx of professionals from other countries and a continuously rising property rates making Dubai…

Uninterrupted for the second successive month, Dubai’s real estate showed sustainable growth as both the residential and commercial segments strengthened in November, said Engel & Völkers Middle East. Sales transactions of residential units stood at 12,695, 15.4% up YoY while sales volume in the commercial space was of AED 9.2 billion ($ 2.5 billion). The trends of the residential market was characterised by growth in affordability with AED 1m ($272k) and below capturing 32.2% of sales, from 26.7% In October. It also showed that apartments sustained their status as the most popular property type, accounting for 84% of activity, boosted…

Trump Tower and the Trump Hotel are expected to be constructed in Dubai and may be inaugurated by 2025 providing Dubai with another identity of it’s beautiful skyline. Situated in the downtown Dubai, the Dh2 billion plus project, done in partnership between Dar Global and the Trump organization, will provide residents with luxury lifestyle enhanced by hospitality. The Trump Tower is to offer spectacular views of Burj Khalifa and the Arabian Gulf redefining luxury in the city. In addition to luxurious apartments, the towers will be the home to the first Trump hotel in Dubai, the Trump Hotel, new to…

Dubai Electricity and Water Authority (DEWA) has increased it EV Green Charger stations network to over 740 stations in Dubai as demand for electric vehicles continues to rise in the emirate. This is according to the data culled from the market by the end of October 2024 which indicated that there were over 34,970 electric vehicles in operation in Dubai. The charging stations can be easily accessed by simply looking at the DEWA site, application and 15 other touch points making it convenient for users that own an EV. The DEWA md & CEO Saeed Mohammed Al Tayer explained how…

Dubai has well established itself as the world’s premier branded residential real estate market with another 140 super-prime schemes still in the pipeline for delivery by 2031. This dominance falls in line with the current increase in the branded residence sector, which stands to be 1,530 projects around the globe within the same year, according to savills, global residential development consultancy. Dubai: A Hub for Luxury Living Dubai’s real estate market looks brighter than many global cities including Miami, New York, and London by reflecting the luxury lifestyle brand appeal, connectivity advantage, and architectural creativity. While there is currently 740…

Dubai’s Discovery Dunes, a latest ultra-luxury private residential development, will target the prestigious UHNWIs keen to buy luxury property. With the UAE market for real estate continuing to show spectacular growth, Discovery Dunes microcosm and data speak of exclusivity, upscale and personal services. Demand for the fine and ultrapremium residential real estate also on the increase. The main interest in investing in Dubai as a luxury residential city remains strong. Residential sales hit AED120 billion ($32.7 billion) in Q3 2024 and up by 30% YoY, per CBRE. Knight Frank believes that UHNWI will spend $4.4bn on Dubai properties this…