Royal Majestic – Real Estate
Dubai’s real estate sector witnessed significant growth in the first quarter of 2024, as reported by the ValuStrat Price Index (VPI), indicating positive trends in both residential and commercial properties.
Dubai-based urban planning firm URB has unveiled an ambitious project to set new standards for coastal regeneration. The Dubai Mangroves initiative plans to plant 100 million mangrove trees along a 72-kilometer stretch, enhancing Dubai’s coastline through a blend of ecological preservation and urban development.
Read more “Dubai Mangroves: World’s Largest Coastal Regeneration Project”
Dubai-based developer Samana unveiled its latest venture, the Dh1 billion Samana Lake Views Project, in Dubai Production City. The project marks the beginning of a grand expansion into waterfront developments, catering to demand for resort-style living.
Read more “Samana Launches Dh1 Billion Lake Views Project in Dubai Production City”
Are young professionals flocking to co-living spaces in Dubai? It seems so, especially among those in their 20s and early 30s, navigating new roles and experiences in the city.
Market sources reveal a surge in listings for co-living rentals, with lease rates showing signs of stabilization.
Read more “Rising Demand for Co-living Spaces in Dubai Sparks Rent Increases”
Dubai’s AHS Properties launched Casa Canal Interiors by Fendi Casa, selling 80% of its units within days. Spanning 4,500 to 30,000 sqft, the tower offers luxurious units, including boutique houses, sky villas, penthouses, and sky palaces. Amenities include a cigar lounge, private pools, fine-dining, spa, yoga, beauty rooms, screening room, concierge, and chauffeur services.
Read more “Dubai’s Casa Canal: 80% Sold Out Shortly After Launch”
The ValuStrat Price Index (VPI) soared to 164.1 points in February, marking a significant 23.1% annual increase.
Dubai’s coveted villa properties have experienced a staggering doubling in value over three years, while apartment prices have risen by over a third on average, according to recent data.
Read more “Dubai Villa Prices Surge, Apartments Follow Suit”
Dubai’s real estate sector is poised to deliver around 34,000 units in 2024, solidifying its position as a key driver of the UAE’s economic diversification efforts.
Despite global uncertainties, experts anticipate sustained growth in both Dubai and Abu Dhabi’s real estate markets, with approximately 8,000 units slated for delivery in the capital.
Read more “Dubai Real Estate Outlook 2024: 34,000 Units Expected”
Amid a scarcity of villa properties, Dubai witnesses a sharp decline in sales, according to Hamptons International.
In February, villa transactions in Dubai nosedived by approximately 55% compared to the previous year, as reported by Hamptons International. However, transactions surged by 22.8% compared to the previous month.
Read more “Dubai Villa Sales Plummet 55% Amid Property Shortage”
Vilal Housing is dedicated to enhancing residential services in the UAE, with a recent announcement of plans to build 50 villas slated for completion by 2024.
In a pivotal meeting held at the Emirates Towers in Dubai, the board of directors, chaired by Abdul Rahim Sultan, underscored their commitment to top-notch housing solutions. Members Aarefa Al Falahi, Alia Busamra, Mohammed Al Falahi, and Alia Al Shamlan convened to review past achievements, strategize for 2024, and address sector challenges and opportunities.
Read more “Vilal Housing Boosts Residential Services in UAE”
In Q1 2024, the United Arab Emirates witnessed a surge in demand for ready properties as more tenants opted for ownership over renting.
Contrary to Q1 2023’s surge in off-plan transactions, the first quarter of 2024 showed robust demand for existing projects in Dubai and Abu Dhabi, as per Property Finder data.
Read more “Rising Demand for UAE Properties as Tenants Transition to Ownership”