Category: United Arab Emirates

Dubai Real Estate to See Steady Growth As More Serious Buyers Invest in Local Markets

By omar tabba Posted in Dubai, United Arab Emirates On

Dubai’s real estate market has matured with the help of regulatory frameworks, economic diversification, and initiatives like Escrow accounts and the Golden Visa program. Experts highlight increased investment from high-net-worth individuals, especially from Europe, CIS, and China, as key to market resilience. Lower property prices compared to global cities support steady growth without major corrections.

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Demand for building materials expected to rise amid UAE construction boom

By omar tabba Posted in United Arab Emirates On

UAE’s construction boom, fueled by projects like Dubai airport’s new terminal and property developments, is boosting demand for building materials. Emirates Steel Arkan, a key supplier formed from a merger, anticipates a 5-10% sales increase this year. Producing steel, cement, concrete blocks, and pipes, they play a vital role in the UAE’s ambition to become […]

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Foreign direct investment in Abu Dhabi real estate hits record $493m in Q1 of 2024

By omar tabba Posted in United Arab Emirates On

Abu Dhabi’s real estate market is thriving, with $493 million in foreign investment recorded in Q1 2024. Investors from India, Russia, Canada, UK, Jordan, and China are leading this surge, contributing to a total transaction value of Dh19.4 billion. Government initiatives to diversify the economy and boost infrastructure spending are fueling this growth. The market […]

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World’s ultra-rich to spend $4.4b to buy property in Dubai

By omar tabba Posted in Dubai, United Arab Emirates On

Dubai’s property market is booming, especially for luxury homes. Wealthy people are flocking to Dubai to invest in property, with some planning to spend millions on a single purchase. Dubai’s government initiatives and economic growth are attracting high-net-worth individuals to the emirate. This trend is expected to continue as more and more wealthy people look […]

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Abu Dhabi’s Sha Emirates Island to Get Self-Driving Transport

By omar tabba Posted in Dubai, United Arab Emirates On

Bayanat and Imkan will develop smart mobility on Sha Emirates Island, aiming for fully autonomous driving by 2026. Bayanat provides digital infrastructure, while Imkan handles physical development. This project supports the booming wellness real estate market, projected to reach $913 billion by 2028, and highlights growth in Abu Dhabi and Dubai’s real estate sectors.

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Dubai Real Estate to See Steady Growth As More Serious Buyers Invest in Local Markets

By omar tabba Posted in Dubai, United Arab Emirates On

Dubai’s real estate market has matured with the help of regulatory frameworks, economic diversification, and initiatives like Escrow accounts and the Golden Visa program. Experts highlight increased investment from high-net-worth individuals, especially from Europe, CIS, and China, as key to market resilience. Lower property prices compared to global cities support steady growth without major corrections.

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