Author: Victoria Dickinson

Victoria Dickinson is a seasoned journalist at Dubai.News, specializing in real estate and business news. With over a decade of experience in the industry, Victoria has a keen eye for market trends and an in-depth understanding of the economic factors influencing the real estate sector. Based in Dubai, she provides insightful analysis and comprehensive coverage of the region's dynamic property market, from luxury developments to emerging business hubs. Victoria's background in economics and finance, coupled with her passion for storytelling, allows her to deliver news that is both informative and engaging. Her articles not only inform but also help readers make well-informed decisions in the competitive real estate landscape. Outside of her professional work, Victoria enjoys exploring Dubai’s diverse neighborhoods and attending industry events to stay ahead of the latest developments.

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…

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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…

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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…

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The total sales turnover has now hit AED 142bn ($ 38.7bn) in the Q3 2024, making it the best performing quarter in the market history for Dubai Real Estate, the report of Property Finder said. The emirate recorded 50,439 transactions which is the highest number that has been recorded in a quarter. Purchases of off-plan properties alone contributed to this surge, contributing to 63 per cent of total deals. Off-Plan Properties dominate the Market Off-plan sales also buying by specification rose year-on-year by 58.7 per cent to reach 31,800 transactions in Q3 2024, the highest on record for a quarter.…

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Growing property sales in Dubai, in which the value of transactions with real estate reached AED 120 billion ($32.7 billion) by Q3 of 2024, according to Bayut’s data report. These include the total number of sales transactions, which stood at 48,082 for the three months up to September, reflecting the market buoyed by demand and supply of new stocks. In Bayut, for property rates’ and rents high across the board, the areas promising the highest ROI have been recognized and the speed at which rent is rising is highlighted. The report shows that a villa costs 13% more inside Arabian…

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Abdulla Lahej, former Group CEO of largest Mumbai based property developer Emaar Properties has unveiled Amaal 8, a new landmark real estate project in Dubai. This is the first project of Ayana Holding that was formed with Lahej as one of its developers intent to play a big role in the growing property sector in Dubai. Sited in Meydan Horizon, Mohammed bin Rashid, Amaal 8 is a tower for mixed-use residential property comprising of 48 stores which provides 512 residences. Due to its position next to the Ras Al Khor Wildlife Sanctuary, the development is situated in a rather unusual…

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Dubai has moved a step closer to improving its standing on the international arena, thanks to getting the green light for a $2.7bn master plan for Expo City, spearheaded by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE. This grand plan seeks to repurpose the area of the 2020 World Expo granting it the status of an innovational, Green City, and Living Lab. Located over an area of 3.5 sq km, Expo city is estimated to support more than 35000 population in the city and nearly 40000 professionals which make it a global…

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Florida-based real estate firm Globe Trade Centers, in which Eric Trump has a stake, is opening two new offices in Dubai, an area his son referred to as `a developer’s dream. Speaking in an interview with Arabian Business, the Republican nominee for US president noted that Dubai is the type of place that makes it possible for developers to build memorable buildings, which makes it the perfect location for high risk real estate projects. In the lifetime of this grand city, this is the time for developers ‘build something incredible’ and this is the location to do it, according to…

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Buth despite this tough situation, Dubai still remains attractive for investments into housing real estate sector; prices for residential properties were up by 17 percent last year and by 40 percent to the level of 2020 in particular, as per data of UBS. However any new emerging market seen with upliftment in the real estate sector the question arises is that we are having a bubble. It looks at the risks of such phenomenon through the UBS Global Real Estate Bubble Index, cities such as Dubai, Singapore, London and New York. Although many cities no longer have a housing bubble,…

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A Dubai-based property management company, Keyper, recently opened a new business frontier through the rent now, pay later (RNPL) service to reorient the property leasing market in the UAE. This cost effective service, enables the tenants to pay their Annual Rent in Twelve equal instalments as opposed to the usual One Off amount. Keyper presents the RNPL Marketplace offering only the best properties by the most reputable real estate companies in Dubai. Every every listing on the platform will be priced for a total monthly subscription of 12 months – a fully digital rental model. This approach, therefore, reduces the…

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