Author: Victoria Dickinson

The Brazilian football great Neymar Jr. continues to expand his taste in luxury and style, moving to purchase an AED 200 million ($50 million) penthouse in Bugatti Residences by Binghatti. This brand new luxurious penthouse belongs to Neymar as a part of Sky Mansion collection, it equipped with a private car elevator, a personal swimming pool, has a perfect view of Downtown Dubai. This purchase is a sign of more celebrities from across the globe purchacing property in Dubai, for instance Lamborghinis bought a property in Dubai citing that it was the place to invest in luxury homes. Bugatti Residences…

The new Wynn gaming resort that is scheduled to be opened in Ras Al Khaimah Al Marjan Island will have the potential of turning the region into the fourth largest gaming market in the world, said the new president of Wynn Resort Al Marjan, Max Tappeiner. This $2 billion IPO is set to be the first fully-fledged integrated gaming resort in the Middle East North Africa (MENA) to change the perception of luxury and entertainment in the UAE and across the region. Wynn Al Marjan Island is set to be launched in the first quarter of the year 2027 and…

Ryan Serhant , a celebrity real estate broker from Reality’s Million Dollar Listing New York and Owning Manhattan last week spoke to Arabian Business about Dubai’s real estate boom and his career path. In his speech during the Game Changers held at Coca-Cola Arena in Dubai, Serhant expressed his admiration of the city’s vision and the multitude of interesting and unheard-of projects, including Palm Jebel Ali. “It is now in the top 10 global real estate investment locations,” Serhant pointed out, seeing that individuals from New York, Hong Kong, and London now mov… One noted Serhant, a luxury real estate…

AWQAF Dubai has disbursed Sh30.4 million in profit from Minors and Endowments and Minors’ Trust Foundation investment for the year 2024. This has gone of a record high by a 13% increment or AED3.4 million in the number of disbursements it made in the previous year at AED26.7 million. A total of 2,263 beneficiaries have benefited from these funds supporting the mandate of AWQAF Dubai in managing and investing on cash in the name of minors. AWQAF Dubai Secretary-General, His Eminence, Ali Mohammed Al Mutawa’ confirmed to the foundation’s commitment to the Dave, the protection and preservation of the minors’…

A new freehold residential project Maysan, developed by Abu Dhabi based Modon is an upscale residential community at Reem Island. Spanning over 600,000 square meters, the first phase introduces two distinct districts: Mayar and Thoraya villages occupying total of over 300 houses. Mayar is planned to consist of the new housing typology in Abu Dhabi – 132 stacked maisonettes intended for horizontal integration with the nature and inside-outside living. These Four-Bedroom each of four-story homes will be contain master plan of Gated community with Central park with scenic walking trails in purposively planned to be center of attraction to families,…

Emirates has revealed a new look and has launched a stunning new design in anticipation of the 2024-25 NBA season and in its capacity as the Official Global Airline Partner of NBA. The striking design seen on the aircraft, an Airbus A380 is in connection with the new event, the Emirates NBA cup. A new blue gradient scheme accompanied by the NBA logo and the basketball illustration will be gradually rolled out across the Emirates fleet next week. New design is red engine cowls also the company’s logo –Emirates is in bright white handwriting on the sides conveys the spirit…

The World Bank’s latest report of the Middle East and North Africa set the UAE GDP growth at 3.3 percent in 2024 and increase to 4.1 percent in 2025. The report named as Growth in Middle East and North Africa shows the strong gross in UAE but current account has declined and non oil sector showed good performance. Among these countries, the highest regional real GDP per capita growth is expected to be of UAE which is 2.5% in 2024 and 3.4% in 2025. These figures are suggestive of the fact that the nation continues to strive to attain the…

A luxurious villa on the shore of Jumeira Bay Island in Dubai has become the most expensive object of rent in the city: for one year, the owners demand 15.5 million dirhams (4.2 million dollars). The highly anticipated Prime by Betterhomes landmark transaction was sealed, with Sales and Leasing Manager Toni Abou Jaoude. This record indicates increased market for luxury real estate in Dubai. Being a modern architectural marvel, this property is fully equipped to provide the best of luxurious amenities with an unobstructable view of the ocean and the Bvlgari Resort and Residences. Largely, high-wealth executives or business people…

New research highlighted by Betterhomes revealed in the recent market analysis of Dubai real estate market, predicts huge growth for the sector within five years due to higher tenancy for house owning. According to the report, 66 percent of renters who participated in the survey said they are set to purchase homes in the next half year due to rising rent levels and expectation of further hikes. As mentioned in this study millennials in the age of between 28 and 43 years are followed by generation X of between 44 and 59 years. These prospective homeowners are mostly driven by…

It is important for the reader to understand that there has been a tremendous change in the type of projects in real estate market in Dubai specifically the incorporation of residential, commercial, and leisure spaces all in one building. Such projects are expected to offer a ‘total concept living’ and respond to the increasing demand from the young working class and the middle income earners as.Containerization specialists estimate. The actual estate market of UAE is estimated to hit $680 billion by the year end while the residential segment is expected to contribute 390 billion $ only. Karun Luthra, Vice President…