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18 March 2025
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 […]
18 March 2025
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 […]
18 March 2025
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 […]
18 March 2025
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 […]
10 March 2025
Rents in Dubai South and communities along Sheikh Mohammed bin Zayed Road saw the highest increase in 2024, jumping up to 30 per cent, according to the latest data released by Cavendish Maxwell. Average rents were up in most Dubai residential areas during 2024, the data revealed. For apartments, the biggest hikes were in Dubai South, where rents were 30 […]
7 March 2025
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 […]
7 March 2025
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 […]
6 March 2025
Dubai – Dubai’s residential property market soared to new heights in 2024, with a record-breaking 169,000 sales – an increase of 42% on 2023, says leading real estate advisory and property consultant, Cavendish Maxwell. Prices saw sustained increases during the year, ending 0.9% up month-on-month in December, and 3.1% higher than the previous quarter. Year-on-year, prices rose 16.5%, with the cost […]
19 February 2025
Kuwait is gradually opening its real estate market to foreign ownership. It has now updated its law to allow entities licensed by the Kuwait Direct Investment Promotion Authority (KDIPA), companies listed on the Kuwaiti stock exchange and licensed real estate funds and investment companies to own property in the country for their operations or for employee housing. While limited in […]
26 January 2025
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 […]
