Agents flooding Dubai are expecting champagne, Botox and fancy yacht parties. For most, reality is very different
real estate market
Latest in real estate market
Ministry of Justice
Saudi real estate platform transactions soar to $267m a day, 1m users registered
Saudi Ministry of Justice says 1m users are now registered on Real Estate Market platform
Dubai
Luxury Dubai penthouse unveiled in Jumeirah as real estate market booms
Feauring six-bedrooms and three swimmin pools, the penthouse is the only one of its kind available on the market
Dubai
Dubai rent 2023: How to calculate expected rental increase before contract ends
The Dubai Land Department allows customers to calculate the increase in rent via the Rental Index feature
Dubai
Dubai real estate: Demand for off-plan properties soar fuelled by tourism
In May alone, the off-plan segment accounted for a significant 49 percent of total sales transactions, fuelled by the emirate’s tourism influx
Dubai luxury homes
Dubai records sale of 88 homes worth over $10m in 2023
Most luxury homes were purchased in Palm Jumeirah, Emirates Hills and Jumeirah Bay Islands
Aldar
Abu Dhabi’s Aldar taps into Asia Pacific real estate tech sector with investment into Taronga Ventures
Aldar will gain access to technology co-investment opportunities providing additional revenue streams and new efficiencies for its portfolio
digital investments
Dubai-based real estate crowdfunding platform eyes Saudi market after $3 million funding round
SmartCrowd, which allows individual investors to take a “fractional” share in a rental property, has funded more than 70 properties and transacted over AED 50 million
acquisition
Dubai-based startup Homevalue acquired by Property Finder
Founder Fouad Bekkar will join the real estate website as vice president in charge of data and AI
Metropolitan Group
How focusing on company culture turned this real estate agency into high performing business
Following the Covid lockdown, Metropolitan’s management made it a priority to create an inclusive and supportive working environment, where employees would feel part of a larger, extended family
Chris Speller
Global investors eye property deals at Dubai’s Cityscape
Regional investors alone are estimated to have spent $15bn on global real estate in the last year
economic slowdown
Revealed: Top 20 global house price index for Q2 2019
China leads the annual rankings with 10.9% growth for the first time since 2010, according to a Knight Frank report.
Expo 2020 Dubai
UAE headed towards a ‘buyer’s market’ in the residential sector
The UAE residential market is expected to continue to face downward pressure over the next 12 months, according to JLL
Dubai
Dubai stocks offer better gains than Saudi, despite upcoming index inclusion
Saudi shares have historically traded at a premium to Dubai’s, in terms of estimated price-to-earnings
off-plan property
Three reasons why off-plan property buys can be problematic
It’s a sector of the real estate market that remains buoyant but it is not without its own issues, says Michael Burke of Arabian Escapes.
asset class
Video: Where are Gulf investors buying overseas property?
Property is an important asset class for Gulf residents, so where they invest offers many telling signals about where they consider to be a good place to store wealth.