Damac Properties, Dubai's leading private developer, closed 2024 with a resounding success, achieving over Dh10 billion in property sales in under 10 hours. This remarkable feat underscores the unwavering confidence of investors in Dubai’s thriving real estate market and sets an optimistic tone for the coming year. The highlight of this achievement was the sale of 3,100 units in the highly...
Dubai is set to host an extraordinary new $1 billion science institute, funded by none other than Elon Musk, the world’s wealthiest individual. Named "The Musk Institute," this groundbreaking facility will pioneer research in revolutionary fields such as gravity and nuclear fusion, with the mission of attracting and nurturing the brightest minds from across the globe, according to Errol Musk,...
Dubai’s property market is on a meteoric rise, with nearly 20% of homes now valued above $1 million. This growth has transformed countless homeowners into "accidental millionaires," as properties they purchased for under $1 million have surged in value, driven by high demand and price inflation. Since 2002, over 95,000 homes in Dubai have crossed the $1 million threshold,...
Dubai's real estate market is outpacing both London and New York, offering impressive returns with investment yields of 7% and robust price growth. With a combination of rising prices, investor-friendly policies, and a market that attracts both buyers and investors, Dubai stands out as a prime location for property investment. At an average price of just $438 per square foot, it offers incredible...
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