DDX Global, a real estate tokenization firm, is set to launch an innovative project in Dubai called 'Desert Pearl'. This unique development will not only feature luxurious hotels and apartments but also offer investment opportunities through real estate tokens. The 'Desert Pearl' project will encompass two hotels, a commercial cluster, a retail precinct, a boulevard, and a private marina. The boutique...
A luxurious villa located on Palm Jumeirah, Dubai, has recently been sold for a staggering AED128 million ($35 million), making it the most expensive villa sale on the prestigious island to date. A renowned real estate agency in the region, B1 Properties, facilitated the sale. Spanning an impressive 9,382 square feet internally, the villa boasts a generous exterior plot size of 14,691 square feet. Its...
The Dubai Roads and Transport Authority (RTA) has recently unveiled plans for a major road improvement project that aims to transform transportation in the city. With a contract worth Dhs700 million, the Al Khail Improvement Project will bring significant changes to the way people move around Dubai. The project will involve the construction of bridges spanning over 3,000 meters, connecting various...
In recent years, Dubai's real estate market has experienced a remarkable upswing, with rental prices in prime residential areas seeing significant increases. Property experts are now predicting that this trend will continue into 2024, with rents poised to climb by up to 20%. One of the key factors contributing to this upward pressure on rental prices is the continued net migration to Dubai. The city's...
In a bid to promote sustainability and reduce high utility service charges in Dubai's real estate sector, Emrill Energy, a division of the renowned integrated facilities management company Emrill, recently held discussions with senior management from the Real Estate Regulatory Agency (RERA). The meeting focused on RERA's newly introduced Energy Efficiency Policy and its potential impact on the city's real...
In recent years, the Dubai real estate market has experienced a surge in property prices, prompting many property owners to consider the lucrative option of flipping their properties for a profit. However, despite the potential gains from selling, a significant number of owners still choose to rent out their properties. In this article, we will explore why property owners insist on renting their...
When it comes to architecture, Dubai is often associated with its modern skyscrapers and futuristic designs. However, amidst the glitz and glamour, there is a hidden treasure of traditional architecture that tells the story of Dubai's rich cultural heritage. Heritage homes, also known as "wind towers" or "barajeel" in Arabic, are a testament to the city's past and efforts to preserve its cultural...
In recent years, there has been a growing trend towards wellness-centric living, with individuals seeking to prioritize their health and well-being in all aspects of their lives. This shift towards a more holistic approach to living has led to the emergence of health-focused developments in various cities around the world, including Dubai. Dubai, known for its luxurious lifestyle and iconic skyline, is...
The real estate market in Dubai has recently witnessed a significant milestone as property prices have surged to an all-time high, surpassing the previous peak recorded in September 2014. According to recent data, property prices in Dubai have increased by 1.71%, reaching a record high of Dh 1,271 per square foot. This surge in property prices can be attributed to the increased demand for apartments,...
The real estate industry in Dubai has always been at the forefront of innovation and technological advancements. As the city continues to evolve, so does the way we live and interact with our homes. Today, tech integration has become a key factor in the Dubai real estate market, with a particular focus on smart homes and beyond. What are Smart Homes? Smart homes are residences equipped with advanced...