Explore Dubai's Creek: Deira Old Souq Station Now Open
CategoriesDubai Lifestyle tips & tricks

Explore Dubai’s Creek: Deira Old Souq Station Now Open

Discover a unique Dubai experience aboard a traditional abra as it sails along Dubai Creek! Recently reopened, the Deira Old Souq station offers an affordable and convenient way to travel between Deira and Bur Dubai.

Did you know that over 17 million passengers use water transport in Dubai yearly? If you haven’t tried it yet, now’s the perfect time with the new station reopening. Plus, it’s conveniently close to traditional markets, adding to the charm.

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Nakheel Introduces Bay Villas: Dubai Islands Waterfront Living
CategoriesUncategorized

Nakheel Introduces Bay Villas: Dubai Islands Waterfront Living

Nakheel reveals Bay Villas, a waterfront community on Dubai Islands.

This gated community offers homes, townhouses, and villas, all with beach access and amenities like playgrounds, swimming pools, and sports facilities.

Townhouses with three bedrooms are priced at AED 4 million, while five-bedroom waterfront villas are listed at AED 13.8 million. The project includes a mosque, retail outlets, and leisure spaces.

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Dubai's Property Frenzy: Million-Dollar Homes Snapped Up
CategoriesDubai Real Estate Real Estate News

Dubai’s Property Frenzy: Million-Dollar Homes Snapped Up

In Dubai, buyers eagerly lined up overnight outside a developer’s office, hoping to secure luxurious waterfront residences, underscoring the intense real estate activity in one of the world’s hottest markets.

Nakheel, backed by the government, swiftly sold out all available homes in the initial phases of its Bay Villas development, priced from $1.2 million each. Situated on Dubai Islands, the project comprises over 500 residences, with top-tier properties exceeding $4 million.

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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

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

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

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

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

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.

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