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CategoriesDubai Lifestyle Dubai Real Estate

Sustainable housing is gaining popularity in Dubai.

By Jan Leo,

Dubai’s post-COP28 transformation accelerates, focusing on eco-friendly buildings. Anticipated housing surge, with a 5% price increase in 2024 and a 15% market expansion. The real estate boom, driven by a 16% luxury property price rise, aligns with sustainability. Developers incorporate green features, and projects emphasize outdoor spaces.

Read more “Sustainable housing is gaining popularity in Dubai.”

Anticipated-Surge-in-Dubai-Apartment-Rental-Rates-for-2024
CategoriesDubai Real Estate Real Estate News

Anticipated Surge in Dubai Apartment Rental Rates for 2024

By Jan Leo,

Dubai envisions a surge in apartment rental rates, heightening its appeal for investors. Factors like infrastructure development, government initiatives, and a growing population contribute to the market’s resilience.

Experts foresee a significant 2024 increase in Dubai apartment rents, with a 20% rise in capital values. Observations highlight a demand shift towards cost-effective communities, particularly in areas like Dubai Silicon Oasis and Business Bay.

Read more “Anticipated Surge in Dubai Apartment Rental Rates for 2024”

Rental Prices Expected to Surge by 20% in 2024
CategoriesDubai Real Estate Real Estate News

Rental Prices Expected to Surge by 20% in 2024

By Jan Leo,

Experts predict a 20% increase in Dubai’s real estate rental costs this year due to investors seeking short-term and long-term returns. In H1 2023, rental prices rose by almost 23%. Short-term rentals spiked by 30% in October 2023 as the high season began. Forecasts for 2024 project a 20% rise in short-term rentals and a 15% increase in long-term rentals.

Read more “Rental Prices Expected to Surge by 20% in 2024”

Cristiano Ronaldo Invests Millions in Luxurious Mansion on 'Billionaires Island' in Dubai
CategoriesCelebrities Dubai Lifestyle Dubai Real Estate

Cristiano Ronaldo Invests Millions in Luxurious Mansion on ‘Billionaires Island’ in Dubai

By Jan Leo,

Cristiano Ronaldo acquires a lavish mansion on ‘Billionaires Island’ in Dubai, reflecting his $136 million net worth. Renowned for extravagant gestures, he surprised his mother with a Porsche and gifted a $40,000 Rolex at a recent event.

Details about the mega-mansion’s cost remain undisclosed, but rumors suggest it’s in the tens of millions of euros. Comparable mansions on Billionaires Island offer opulent amenities.

Read more “Cristiano Ronaldo Invests Millions in Luxurious Mansion on ‘Billionaires Island’ in Dubai”

Dubai Sets Sights on World's Premier Bike-Friendly City by 2040
CategoriesDubai Lifestyle

Dubai Sets Sights on World’s Premier Bike-Friendly City by 2040

By Jan Leo,

Dubai aims to lead urban mobility by 2040, surpassing Amsterdam and Copenhagen’s bike-friendly status. The plan outlines a 621-mile network of cycling routes, exceeding both cities’ benchmarks.

The “Dubai Cycle City 2040” strategy encourages cycling and walking for daily commutes, aiming to reduce travel times significantly. “The Loop,” a 58-mile climate-controlled bike trail, showcases eco-friendly transport and prioritizes residents’ well-being.

Read more “Dubai Sets Sights on World’s Premier Bike-Friendly City by 2040”

Dubai Rental Prices Set for a 2024 Upward Spiral
CategoriesDubai Real Estate Real Estate News

Anticipated Surge: Dubai Rental Prices Set for a 2024 Upward Spiral

By Jan Leo,

Anticipating a 10% surge in Dubai’s real estate rentals this year, experts attribute this upward trend to investors seeking short-term gains and long-term returns. In the initial half of 2023, rental prices rose by 23%, spiking by 30% in October during the shift from low to high season.

Forecasts for 2024 suggest a 10% increase in short-term rentals and a 15% rise in long-term leases, closely tied to the escalating residential property prices. Property sales transactions surged from 30,000 in 2022 to nearly 50,000 in 2023, indicating market growth.

Read more “Anticipated Surge: Dubai Rental Prices Set for a 2024 Upward Spiral”

Dubai's Dominance in GCC Real Estate Set to Extend Through 2024
CategoriesReal Estate News

Dubai’s Dominance in GCC Real Estate Set to Extend Through 2024

By Jan Leo,

Dubai’s GCC Real Estate Leadership

Dubai emerged as a frontrunner in the GCC real estate landscape in 2023. Demonstrating adaptability amidst imminent challenges expected in 2024, developers in Dubai and Riyadh excelled in the residential sector. They leveraged brand strength and flexible payment plans for a competitive edge.

Intensified Competition: Grade-A Office Spaces

Moreover, competition for Grade-A office spaces in Dubai and Riyadh noticeably increased. This trend was highlighted in Kamco’s GCC Real Estate Update, signaling significant shifts in the cities’ real estate dynamics.

Read more “Dubai’s Dominance in GCC Real Estate Set to Extend Through 2024”

Ellington-Properties-and-DMCC
CategoriesDubai Real Estate Real Estate News

Ellington Properties Teams Up with DMCC to Introduce Mercer House in Uptown

By Jan Leo,

Ellington Properties, a prominent boutique developer in Dubai known for its design excellence, has joined forces with Dubai Multi Commodities Centre (DMCC) to introduce Mercer House, an upscale residential project in Uptown Dubai. Following the success of their previous collaboration, UH by Ellington, Mercer House is set to be an iconic addition to Dubai’s skyline, featuring two impressive residential towers atop a podium offering various amenities focused on wellness, retail, sports, and hospitality.

Read more “Ellington Properties Teams Up with DMCC to Introduce Mercer House in Uptown”

Mercedes-Benz-Places-in-Dubai
CategoriesReal Estate News

Mercedes-Benz Luxury Residences Places in Dubai

By Jan Leo,

Revolutionizing Dubai’s Skyline: Mercedes-Benz Places

Mercedes-Benz Places in Dubai, soaring at 341 meters with 65 stories, redefines Downtown’s skyline, offering unparalleled views of the Burj Khalifa near iconic landmarks like the Dubai Mall.

This collaboration seamlessly merges real estate and automotive excellence, driven by a shared passion for iconic design and innovation. CEO Muhammad Binghatti eagerly anticipates partnering with Mercedes-Benz for more than a luxury residence—a community-focused space integrating mobility, pioneering a novel standard for sophisticated living.

Read more “Mercedes-Benz Luxury Residences Places in Dubai”

CategoriesReal Estate News

Dubai’s Sheikh Zayed Road to Host 50-Storey Residential Tower

By Jan Leo,

Dubai’s Sheikh Zayed Road will soon host a 50-storey residential tower by Aqua Properties, meeting high off-plan apartment demand, particularly in Dubai.

Founder Ali Tumbi highlighted Aqua Properties’ innovation, overseeing the towering 50-story building on Sheikh Zayed Road and another on a 300,000-square-foot plot in Arjan.

Read more “Dubai’s Sheikh Zayed Road to Host 50-Storey Residential Tower”

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