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dubai real estate

Upcoming iconic skyscrapers to add more glamour to UAE skyline

Dh69b worth of landmark projects are currently underway across the UAE, with Dubai taking the lion’s share. The UAE, especially Dubai, is home to some of the world’s most-visited landmarks, attracting millions of visitors from different corners of the world. Known for its skyscrapers, the UAE is working on a number of new landmarks and…

New communities in Dubai will see more rental demand

Dubai Skyline

Compared to two years ago, apartment rents are more than 20 per cent cheaper. Residential rents in Dubai across categories continued to decline on the back of softer demand and pressure caused by upcoming supply, real estate surveys show. Analysts at Kamco Research said the highest declines in second quarter was witnessed in the affordable…

Dubai developer records $27m sales at Mag City project

mag city

Mag LD launched 400 units for sale in may City, phase one of the mag Eye project in Dubai Mag Lifestyle Development (Mag LD), the property development arm of Mag Group Holding, has recorded sales worth AED100 million ($27 million) at the launch of Mag City, the first phase of its Mag Eye project in…

Demand for prime UAE real estate strong despite headwinds, says Knight Frank

dubai skyline

Investor appetite for quality UAE real estate remains strong despite broader market challenges, with primary office, logistics and healthcare assets most in demand, according to a report by global property consultancy Knight Frank. “We expect a fairly resilient market for well-let, institutional quality, single-ownership assets, which will continue to attract investor interest,” Knight Frank’s UAE…