: Forbes Middle East has revealed its ‘Most Impactful Real Estate Leaders’ ranking, spotlighting the 100 innovation-driven regional developers building for the future. The ranking was developed based on the company’s financials, the value of projects completed, projects under construction, the reputation of project delivery, and the size of the landbank and units held by the developer. Mohamed Alabbar, Founder and Managing Director of Emaar Properties in the U.A.E. topped the list, with total assets of $37.3 billion as of the end of September 2023. Emaar Properties is one of the largest publicly-listed real estate companies by assets in the GCC. Talal Al Dhiyebi, Group CEO of Abu Dhabi-based Aldar Properties placed second, with $19.3 billion total assets as of…
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According to experts, the DUBAI real estate market will keep growing this year after getting off to a great start in the first quarter as buyers of residential properties in the emirate continue to pour money into the market. According to recent data, the residential market in the emirate experienced strong double-digit growth in both transaction volume and value during the January–March 2024 quarter, indicating that it has maintained its appeal. Strong demand and a gradual increase in the emirate’s population in the coming years will cause the market, which is predicted to post over Dh100 billion in sales through more than 30,000 transactions in the first quarter, to sustain steady price and transaction increases throughout the year. In the first…
The residential real estate market in Dubai has demonstrated growth and resilience; the most recent data from ValuStrat shows notable increases in capital values in several different segments. The Dubai Residential Capital Values Price Index (VPI) saw a strong annual increase of 23.1 percent, reaching 164.1 points, with a monthly uptick of 2.1 percent, according to the February 2024 report from ValuStrat. According to the report, this increase in value is a reflection of the ongoing demand and investor confidence in the real estate market in the Emirate. The report also identified a noteworthy trend: compared to the prior year, capital gains for highly sought-after villas increased by an astounding 28%, with growth rates even higher in some areas like the Jumeirah Islands and Palm…