Royal Majestic Real Estate > Articles by: Jan Leo

Author: Jan Leo

Dubai Property Market Trends: Sellers Gain Amid Price Surge
CategoriesDubai Lifestyle Dubai Real Estate Real Estate News

Dubai Property Market Trends: Sellers Gain Amid Price Surge

By Jan Leo,

Dubai’s real estate market shifts to favor sellers amid a three-year surge in property prices. Industry experts predict a slowdown, prompting investors to explore higher-yield markets.

Post-pandemic demand propels Dubai’s property prices past previous peaks, enticing buyers to cash in on gains.

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Union Properties Sells Dh500m in Land, Eyes Dh1 Billion More
CategoriesDubai Real Estate Real Estate News

Union Properties Sells Dh500m in Land, Eyes Dh1 Billion More

By Jan Leo,

Union Properties divests non-core land assets, marking a stride in its turnaround plan and garnering financial backing.

The Dubai-based developer offloads assets worth Dh500 million, underscoring its strategic vision and commitment to shareholder value. Additionally, it evaluates offers totaling Dh1.2 billion for further land sales.

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DDX Global Launches 'Desert Pearl' Project: Dubai Real Estate Tokens
CategoriesDubai Lifestyle Dubai Real Estate Real Estate News

DDX Global Launches ‘Desert Pearl’ Project: Dubai Real Estate Tokens

By Jan Leo,

In Dubai, DDX Global launches ‘Desert Pearl,’ leveraging real estate tokens. This initiative aims to tokenize assets, including two hotels, apartments, a business district.

The boutique hotel will feature 88 rooms and amenities like a planetarium, arena. The ‘Qamar Residences’ will offer three home options: Pearl Collection (400 square meters), Oasis Collection (650 square meters), and Sky Penthouse (5,000 square meters).

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Dubai Real Estate Soars in 2023: Savills Report
CategoriesDubai Real Estate Real Estate News

Dubai Real Estate Soars in 2023: Savills Report

By Jan Leo,

Dubai’s real estate market peaked in 2023. Transaction activity reached 118,200 units, per Savills. This surge, surpassing 100,000 transactions, credits Dubai’s robust economy.

The report highlights Dubai’s consistent post-COVID-19 demand growth, mainly driven by off-plan properties. While end-user activity decreased, observers noted a shift towards investment properties.

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New RERA Rule Simplifies Dubai Real Estate Searches
CategoriesDubai Lifestyle Dubai Real Estate Real Estate News

New RERA Rule Simplifies Dubai Real Estate Searches

By Jan Leo,

Dubai’s Real Estate Regulatory Authority (RERA) has cracked down on misleading online property ads, reshaping the city’s real estate landscape.

Anticipated to reduce up to 40% of real estate sales listings on digital platforms, RERA’s policy targets agents flooding portals with individual unit promotions, often misusing developers’ No Objection Certificates.

Read more “New RERA Rule Simplifies Dubai Real Estate Searches”

DXB Airport Welcomes Record 87 Million Guests in 2023
CategoriesDubai Lifestyle Real Estate News

DXB Airport Welcomes Record 87 Million Guests in 2023

By Jan Leo,

Amidst unprecedented success, Dubai International (DXB) ended 2023 with 87 million annual guests—exceeding projections. DXB’s recovery journey has been successful, establishing its status as the top airport for international traffic.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said, “DXB’s 2023 performance is a testament to Sheikh Mohammed bin Rashid Al Maktoum’s leadership and determination.”

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Dubai Customs Smashes Records with 17.15M Visitors in 2023
CategoriesUncategorized

Dubai Customs Smashes Records with 17.15M Visitors in 2023

By Jan Leo,

In 2023, Dubai Customs hosted 17.15 million international visitors. Handling an average of 128,400 bags daily from 206,396 flights, the department prioritizes traveler satisfaction.

Backed by 77 baggage inspection devices and over 845 officers, Dubai Customs played a pivotal role in achieving the record-breaking visitor numbers. The focus remains on delivering exceptional experiences and positioning Dubai as a premier destination for business and leisure.

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Marjan Unveils RAK Central: Ras Al Khaimah's Premier Mixed-Use District
CategoriesDubai Real Estate Real Estate News tips & tricks

Marjan Unveils RAK Central: Ras Al Khaimah’s Premier Mixed-Use District

By Jan Leo,

Marjan, the leading freehold property developer in Ras Al Khaimah, announces RAK Central, a vibrant mixed-use district. This development features Grade A office spaces, tailored commercial properties, and expansive residential opportunities.

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Dubai's Palm Jebel Ali, Creek Tower, and NEOM Projects Set to Shine in 2024
CategoriesDubai Real Estate Real Estate News

Dubai’s Palm Jebel Ali, Creek Tower, and NEOM Projects Set to Shine in 2024

By Jan Leo,

The Lumina Cross-Border Insights 2024 report forecasts NEOM, the centerpiece of Saudi Arabia’s Vision 2030, to stimulate foreign direct investment (FDI) and UK-Middle East investments. NEOM’s $500 billion investment, including its inaugural destination Sindalah opening soon, positions Saudi Arabia as a leader in diverse megaprojects like Diriyah, Jeddah Central, and Roshn, driving its economic diversification strategy forward.

Read more “Dubai’s Palm Jebel Ali, Creek Tower, and NEOM Projects Set to Shine in 2024”