Real Estate

16 branded residence projects have been announced for Ras Al Khaimah, set to add approximately 5,600 units by 2029 63% of these projects are situated on Marjan Island, while the majority of the remaining 37% are in Al Hamra and Mina Al Arab. On average, branded residences in RAK on sale today achieve approximately 50% higher sales prices compared to non-branded properties. RAK, UAE – Stirling...

Dubai’s property market saw a significant rise in Q3 2024, with residential prices climbing by nearly 20% and total sales surpassing AED 120 billion ($32.4 billion), according to CBRE Middle East’s UAE Real Estate Market Review. Apartment prices jumped 19%, while villa prices increased by 23%, marking strong performance across the board. Rental rates also grew, with average apartment rents up by...

From innovative city developments to luxurious residential towers, September saw a surge in new projects across the Middle East As we enter the final quarter of 2024, the Middle East is experiencing a noticeable uptick in project launches, signaling a strong push to capitalise on the year’s momentum before it comes to a close. This month, the spotlight was on several major developments that cater...

The 17-storey beachside residence features 1-, 2-, and 3-bedroom units and duplexes Real estate developer DAMAC Properties has announced the launch of its inaugural project in Ras Al Khaimah – Shoreline by DAMAC – located on the shores of Al Marjan Island. Situated in the prime location of Island 4 on Al Marjan Island, the 17-storey luxury 1-, 2-, and 3-bedroom apartments and duplexes...

ABU DHABI, 28th December, 2023 (WAM) -- An economic report has highlighted the UAE topped Gulf Cooperation Council (GCC) countries, acquiring the highest share of the total value of real estate deals conducted during the first ten months of 2023, surpassing the expectations for the entire year of 2022. The report, issued today by Kamco Invest company indicated that the value of real estate deals in the...

Dubai real estate market witnesses a 40% YoY spike with AED97.5bn sales in Q3 2023 Dubai saw a 6 percent growth in transactions between Q3 2023 and Q2 this year. Dubai’s real estate market remains fairly valued despite a continuous surge in demand for both rentals and purchases, according to ZāZEN Properties. The cosmopolitan city has been witnessing substantial price growth, with annualised real...

The local property market has witnessed unprecedented demand after the pandemic, driven by a very strong demand in the premium market segment Hussain Sajwani, founder and chairman of Damac Properties, is quite bullish about Dubai’s real estate sector and expects the market will continue to offer double-digit returns to investors. “We are focusing on Dubai because the city will continue to grow...

UAE property market braces for record-breaking year as investor interest for mid-market and top-end real estate surges The growth of Abu Dhabi and Dubai’s residential property markets have surpassed expectations during the first half of the year, a spokesperson from real estate consultancy CBRE told Arabian Business.  “We expected demand to actually slightly adjust compared to what was a very...

Compared to the same period last year, real estate transactions in Dubai increased by 44%, totaling 57,700 units. With over 57,000 units bought across Dubai during the first half of 2023, the residential sector is on track to becoming the busiest year on record, a new report finds. Global real estate services provider Savills revealed in its latest report that property transactions during the period...

Building on the anticipation for the opening of the world’s largest and UAE’s first legal casino in 2027, Ras Al Khaimah is boosting its real estate offerings to rival Dubai The emirate of Ras Al Khaimah is gearing up for the launch of the UAE’s first legal casino in 2027 by boosting its real estate sector, with many new luxury properties and substantial projects to rival Dubai and attract more of...