After four years of increasing capital values and transaction volumes, Dubai’s luxury real estate industry is still expanding steadily. Strong investor appetite, advantageous regulatory frameworks, and rising demand for luxury properties in Dubai’s real estate market are the main drivers of the upward trend. According to Savills Middle East’s first Dubai Prime Residential 2025 study, […]

According to the most recent UBS “Global Wealth Report 2025,” 13,000 more people became dollar millionaire residents in 2024, a 5.8% increase from the previous year. As has been the case for the past four years, a significant portion of these recently established millionaire bases in the UAE resulted from relocations.   “This year there has […]

A piece of land in the Palm Jumeirah has sold for Dh365 million ($100 million), the highest price ever recorded at the Dubai iconic site in 2025. Dubai Sotheby’s International Realty, which mediated the transaction, described the 90,036 square foot sale as a “truly rare find on Palm Jumeirah, where most land has already been […]

According to recent data from Cavendish Maxwell, investors spent AED2.8 billion ($762.4 million) on 933 transactions in Q1 2025, setting new records for sales volumes and values in Dubai’s office real estate sector. Compared to the same period in 2024, office sales values from January to March of this year were 83% higher, and transaction […]

Foreign-based property investors in Dubai must abide by new rules when granting people the power of attorney (PoA) rights to sell their properties. Industry sources said that from this week, these property sellers will need to have UAE-based bank accounts in order to process the checks. Only checks made out to the property owner or […]

Three contracts totaling Dh750 million have been given out for the development of Palm Jebel Ali in Dubai. The developer Nakheel has stated that the infrastructure construction is expected to be finished in Q4 2026. A “significant milestone” in the creation of Dubai’s next premier waterfront attraction, the contracts were given to DBB Contracting. DBB […]