Abu Dhabi’s IREIS 2025 closed with AED2.78tn ($758.79bn) in active projects as housing demand outpaces supply, driving record sales and new developer launches The 14th edition of the International Real Estate and Investment Show (IREIS 2025) concluded at the Abu Dhabi National Exhibition Centre (ADNEC) with strong calls for developers to launch more residential projects to meet […]
Dubai’s property market is showing a steady shift towards end-users, as increasing numbers of property buyers opt to live in the units they buy, data showed on Wednesday. According to data from Property Finder, a leading real estate portal, the emirate’s real estate market continued to create new records in the third quarter, with a […]
DUBAI — Dubai property developer Damac has canceled its dividend payments, conceding slumping profitability and a weak market are hurting its operations. “Kindly be advised that Damac confirms the news shared on the media in respect of non-distribution of dividends in light of the low profitability and the weak market,” the company said in a […]
A look into the sales performance of off-plan and completed properties The Dubai Land Department (DLD) recently announced that the value of real estate transactions in the first 45 days of the year hit Dh42 billion, nearly half of last year’s Dh91 billion. An interesting feature of recent residential transactions has been the increasing number […]
