Savills recently named Dubai first in its Prime Residential Global Cities Index for 2023, as the emirate's prime capital values reached $730 per square foot with a 12.4% increase from the previous year's 3.2% global average. Swapnil Pillai, Associate Director for Middle East Research at Savills, stated that Dubai's future price growth is projected to be between 6% and 7.9%, which is less than the 12.4%...
Rent prices for Palm Jumeirah have continued to be strong as we move into 2023, evidenced by a recent penthouse transaction in Omniyat Properties' One at Palm skyscraper for Dh1.7 million. This is one of the highest single-unit rentals in Dubai this year and is a testament to the high demand for luxury units that boast impressive views of the skyline and the Arabian Gulf. Sales Manager Aleksandr Mylnikov...
The remarkable selling of a three-level penthouse property in the “Bulgari Lighthouse” on Jumeira Bay Island for Dh 410 million in 2023 is a record-breaking transaction that signals that the demand for luxury homes in Dubai is still strong. This nine-bedroom unit with a size of around 39,000 square feet was filed on February 1, and is just one of many top-tier deals in the same area that have...
Dubai, the UAE’s commercial hub and a global city, has been ranked as the best place in the world in terms of living, working, investing, and visiting. It is a city of great potential, offering a number of advantages to those who decide to live, work, invest, or visit. The city is the most populous in the United Arab Emirates, and it is home to a vibrant mix of cultures, a strong and diverse economy,...
Dubai is on track to become one of the wealthiest cities in the world by 2030. The city has already established itself as a major global financial and business hub, with its economy driven by oil reserves, tourism and real estate. In recent years, Dubai has been making huge investments in a wide range of sectors, from technology to construction, and is now set to become even wealthier in the coming...
