News
Dubai is home to a number of landmarks including the Burj Khalifa, the Burj Al Arab hotel, and the Palm Islands. The emirate will soon see the addition of one more landmark – the Sea Palace Floating Resort. Costing Dh600 million, the project consists of a hotel and six floating glass boat houses, each priced…
Property technology (proptech) will play a key role in enhancing design, construction and operations, while also helping the real estate sector to re-emerge stronger having adapted to the new normal. “Today, we’re seeing a much greater acceptance of real digital transformation where construction businesses are seeking innovation guidance to understand how technology can help them…
Prime office rents in Dubai fell by an average 6.5 per cent the first nine months of 2020, according to the latest market update by Knight Frank Middle East. Over the first three quarters, Dubai’s office market recorded average prime rents at Dh205 per square feet, average Grade A rents of Dh130 per sq.ft. and…
First-time property buyers have entered the Dubai housing market in a significant manner as increased long-term confidence in Dubai, lower mortgage rates, higher loan-to-value ratio and discounted prices have added to market sentiment. “A significant decline in new project launches has helped maintain off-plan sales numbers at decent levels with a supply reduction, and the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.