Sobha Realty, a global leader in luxury real estate, has launched its first project of 2025—Sobha Solis in Dubai Motor City.

This exciting development features 2,316 residential units, including one- to three-bedroom apartments. Prices start at AED 1.01 million ($274,944), making it an appealing choice for both residents and investors.

Read more “Sobha Solis Launches Luxury Apartments in Dubai Motor City”

Major Boost to Dubai’s Real Estate Market

In a landmark move, the Dubai Land Department (DLD) now allows private property owners in Al Jaddaf and Sheikh Zayed Road (from Trade Centre Roundabout to the Water Canal) to convert their properties to freehold. This change grants ownership rights to people of all nationalities, covering a total of 457 plots—329 in Al Jaddaf and 128 along Sheikh Zayed Road.

Read more “Freehold Conversion for Dubai Properties”

Palm Jumeirah Apartments Hit Record Highs

In May, Dubai’s real estate market showed strong performance, with home prices rising significantly. According to ValuStrat, a real estate company, the ValuStrat Price Index (VPI) increased by 2.1 percent to 174.4 points, marking a 27.2 percent rise from May last year.

Read more “Dubai Real Estate: Home Prices Surge 27% Since May 2023”

Revolutionizing Sustainable Living in UAE

Arabian Hills Real Estate Development proudly presents its highly anticipated flagship project, Arabian Hills Estate. Situated on the Dubai-Al Ain road, just a 45-minute drive from Burj Khalifa, this AED22 billion endeavor spans an impressive 244 million square feet.

Read more “Arabian Hills Estate: $5.9 Billion Flagship Project Unveiled”

Demand Surges Across Rental and Ownership Markets

Rental Market Dynamics:

Dubai’s rental landscape sees a significant shift. 78% prefer apartments over villas or townhouses. Among apartment seekers, 58% favor furnished properties, 40% opt for unfurnished. Villa/townhouse seekers vary: 57% unfurnished, 42% furnished. Preferences for unit sizes vary: 35% favor one-bedroom apartments, 33% two-bedroom, 19% studios. Villa/townhouse preferences: 43% three-bedroom, 38% four-bedroom or larger. Key rental areas: Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, Jumeirah Lake Towers, Jumeirah, Dubai Hills Estate, Damac Hills 2, Umm Suqeim, Al Barsha.

Read more “Dubai Real Estate Hits Record Highs in May 2024”

Discover the Latest in Dubai’s Super-Luxury Real Estate Market

Dubai Leads Luxury Property Sales

The UAE real estate market is poised to reach a staggering AED2.6 trillion by the end of 2024, reveals recent Statista data. This growth surge is primarily fueled by the increasing interest of high-net-worth individuals (HNWIs) in investing in luxury properties within the city.

Read more “UAE Real Estate Market Set to Hit AED2.6 Trillion by 2024”

Discover the Essence of Luxury and Practicality

Swank Development recently launched the Lua Residences project in Mohammed bin Rashid City, Meydan, investing over Dh320 million.

Read more “Luxurious Lua Residences: Your Gateway to Prime Living in Meydan”