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Dubai is expanding its real estate rental index to include commercial properties by Q1 2025. The new index will encourage upgrades based on property ratings, age, and maintenance. With strong demand and limited supply, office rents and prices surged, with Grade A and B+ spaces seeing up to 21% annual growth.

Source Credit: Khaleej Times

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In 2024 alone, over 6,700 millionaires relocated to Dubai, with projections of an annual influx of 6,500 UHNWIs through 2026.

Amid this booming real estate market, fäm Real Estate Development has announced an exclusive AED 1 billion collection of Nordic-style ultra-luxury villas in Al Wasl. Designed to attract global wealth, these 10 villas and mansions showcase unmatched Scandinavian-inspired elegance.

The first two villas in the Nordic by fäm series sold for AED 61.5M and AED 70M, setting the stage for a record-breaking year ahead.

Dubai continues to rise as a global hub for luxury living and high-value investment opportunities.

Credit Source: Arabian Business

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Luxury at its Peak! Dubai’s ultra-luxury real estate market hits another milestone as a stunning 9-bedroom mansion in Hills Grove, Dubai Hills Estate, sells for a record-breaking Dh200 million!

Nestled on the exclusive ‘Street of Dreams,’ this masterpiece spans over 37,700 sq ft and features four levels of opulent living, including a rooftop terrace, a boomerang-shaped pool, and panoramic views of the golf course, Downtown Dubai, and the Burj Khalifa.

Represented by Dubai Sotheby’s International Realty, this sale marks a 62.5% increase over their first mansion sale in the area, solidifying Hills Grove’s reputation as a premier destination for HNWIs and UHNWIs.

Source Credit: Khaleej Times

Dubai’s real estate market continues to demonstrate impressive momentum, recording over 163,000 transactions valued at more than AED 544 billion in the first nine months of 2024. According to industry leaders, the outlook for the coming year remains highly promising.

“We anticipate sustained growth in the year ahead, driven by ongoing developments and expanding demand in suburban areas as the market diversifies,” said Saeed Mohammed Al Qatami, CEO of Deyaar Development, in an interview with Khaleej Times.

Credit Source- Khaleej Times