News

Demand for homes in super tall towers being built in the UAE continues to increase, with developers expecting billions of dirhams in sales from a property boom in the Emirates. Dubai is already home to the world’s tallest tower, the 828-metre Burj Khalifa, and last year, Azizi Developments revealed plans for a Dh6 billion ($1.63 billion) tower called Burj Azizi, designed to stand 725 metres tall […]

Abu Dhabi property market pipeline looks strong as 38,700 new units are set to come to market by 2028, easing pressure on rising prices in the UAE capital, according to property consultant, Cavendish Maxwell. The residential real estate sector in the UAE capital is poised for further growth this year and beyond, fuelled by increased demand and strategic Government initiatives as around 10,800 new units […]

Demand for residential property is on the rise in Abu Dhabi, where 38,700 new units are set to come to market by 2028, according to Cavendish Maxwell. Following a strong performance in 2024, with 9,700 sales transactions worth a total AED26bn ($7.1bn), the residential real estate sector in the UAE capital is poised for further growth this year and beyond. Optimism […]

More than 11,300 new hotel rooms are to open across Dubai by 2027, with almost 4,620 coming to the market this year, according to a new study by Cavendish Maxwell. These new rooms are estimated to create thousands of new direct and indirect jobs across Dubai’s hospitality, retail, transport, F&B and other sectors over the next two years. “The addition of 11,300 […]

More than 11,300 new hotel rooms are set to open across Dubai by 2027, with almost 4,620 coming to the market this year, according to Cavendish Maxwell. Dubai added 4,255 rooms across 19 hotels to its inventory in 2024, representing year-on-year growth of almost 3 per cent. As of December, the city boasted 724 hospitality establishments, with 151,245 keys between them, according […]

Dubai: Dubai’s hotel sector is experiencing an impressive expansion, with over 11,300 new rooms expected to enter the market by 2027. Nearly 4,620 rooms are set to open in 2024 alone as the city continues to attract global attention, especially for a large group of high net-worth individuals (HNIs). Property consultant Cavendish Maxwell said the city added 4,255 rooms across […]

Dubai – More than 11,300 new hotel rooms are set to open across Dubai by 2027, with almost 4,620 coming to the market this year, says leading real estate advisory group, Cavendish Maxwell. Dubai added 4,255 rooms across 19 hotels to its inventory in 2024, representing year-on-year growth of almost 3%. As of December, the city boasted 724 hospitality establishments, with […]

A Dubai real estate report has identified the neighbourhoods with the largest price and rent increases, the fastest growing areas and which districts have the best rental returns for investors. Dubai’s residential property market soared to new heights in 2024, with a record-breaking 169,000 sales – an increase of 42 per cent on 2023, according to Cavendish Maxwell. Prices saw […]

Dubai’s residential property market supply looks strong, with 243,000 new units in the pipeline for delivery. This will stabilise prices and rents and ease pressure on tenants. According to real estate advisory and property consultancy Cavendish Maxwell, these units will be delivered by the end of 2027, with apartments accounting for 80 per cent of the future inventory. It noted […]

A series of recent initiativesunveiled by the UAE are set to improve the country’s property sector and attract more investment to a market that has already seen major growth last year. Earlier this month, the Dubai Land Department launched a smart rental index with a classification and a rating system from one to five stars for residential buildings, while the UAE Central […]