Burj Khalifa is an architectural marvel. Its construction began in January 2004 and was opened on 4 January 2010. At over 828 metres (2,716.5 feet), Burj Khalifa holds multiple world records. Tallest building in the world Tallest free-standing structure in the world Highest number of stories in the world- 163 Highest occupied floor in the world- 163rd floor Highest outdoor observation deck in the...
Real Estate
Dubai Customs has taken immediate action to provide assistance to families affected by the recent heavy rains, by launching a community campaign led through the collaborative efforts of the Ghayath team and the Dubai Charity Association. This initiative aimed to provide aid to those affected by the heavy rainfall accompanying the recent adverse weather in the UAE. Around 20 volunteers from Dubai...
105 luxury home sales recorded in Q1 2024, up 19% year-on-year Palm Jumeirah dominates, accounting for 36.3% of luxury home sales. Prime residential prices up 26.3% year-on-year (ended 2023 16.3% up on 2022) Dubai: 105 homes priced in excess of US$ 10 million were sold in Dubai during the first three months of the year, up 19% on Q1 2023, according to the latest analysis from global...
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents More Dubai developers have come forward to support their communities after torrential rains this week caused massive flooding and damage to vehicles and properties. They assured to provide repairs to affected residents free of cost. Private real estate developer MAG has pledged to assist its...
The UAE's mortgage market is experiencing a transformative surge, driven by the substantial interest from non-residents Dubai, UAE: The UAE's mortgage market is experiencing a transformative surge, driven by the substantial interest from non-residents. Constituting between 35% to 40% of overall mortgage bookings, non-residents, hailing primarily from the GCC, UK, US, Germany, and India, are...
A new report reveals the latest trends for rental properties in Dubai’s real estate market in Q1 2024 The rental market in Dubai continues to show growth, according to the latest quarterly report by real estate portal Bayut. The first quarter of this year saw rental prices for both apartments and villas increase by up to 17 percent, spanning affordable, mid-tier, and luxury market...
UAE achieves highest gender parity in Mena region, says World Economic Forum The UAE enjoys the highest gender parity in the Middle East and North Africa (Mena) region, surpassing Israel, according to World Economic Forum’s Global Gender Gap Report 2023 released on Wednesday. The other top regional countries in terms of gender parity are Bahrain, Kuwait, Jordan, Tunisia, Saudi Arabia, Lebanon,...
Dubai has produced a majority of the region’s unicorns, including Careem, Kitopi and Emerging Markets Property Group (EMPG), in just under two decades. The city's success story is rooted in its world-class infrastructure, robust business support, and dynamic incubator and accelerator programmes. These are reinforced by forward-thinking initiatives and legislation crafted to empower innovators to launch,...
The Dubai Metaverse Strategy seeks to foster innovation, enhance the metaverse’s economic contributions through R&D collaborations, and promote advanced ecosystems utilising accelerators and incubators. It also aims to foster talent and invest in future capabilities by providing the necessary support in metaverse education aimed at developers, content creators and users of digital platforms in the...
The key objectives of Dubai 2040 Urban Master Plan are to upgrade Dubai’s urban areas, improve the efficiency of resource utilization, develop vibrant, healthy and inclusive communities and double green and leisure areas, provide a healthy environment to residents and visitors and provide sustainable and flexible means of mobility. The Dubai 2040 Urban Master Plan maps out a...