Visitors to Dubai can now stand on glass ledges extending into open air above the Palm. The View Palm Jumeirah has unveiled The Ledge at The View, a new adventure experience that invites guests to step beyond the observation deck and out into the sky The experience has eight glass ledges, each extending 1.5 metres past the viewing deck. Four face the fronds and crescent of Palm Jumeirah against the Arabian Gulf. The other four look towards Dubai's skyline. Guests can gaze at the horizon or look straight down through the glass beneath their feet The view changes through the day, from bright blue skies to golden light at sunset and a glittering cityscape after dark. The ledges also give visitors a spot to strike a pose and capture a memorable photo. The launch marks five years since The…

Dubai recorded 86 residential transactions worth $10 million or more in the third quarter of 2026, including 13 above $25 million, according to new analysis from global property consultancy Knight Frank. Sales between July and September totalled Dh5.77 billion ($1.57 billion). That lifts the number of qualifying deals in the first nine months of the year to 412, up from 357 in the same period last year, with a combined value of about $6.67 billion. Third-quarter volumes were 34 per cent below the 131 sales recorded in Q2 and lower than the 103 registered in Q3 2025. Faisal Durrani, partner and head of research, Mena, at Knight Frank, said the luxury market has continued to see high sales volumes “despite the exceptional geopolitical backdrop across the region”, although…

The new residential supply in Dubai saw an increase in completed real estate units, with 12,382 new residential units completed during the third quarter of 2026, a growth of 31% compared to the same period last year, according to an analysis published by the real estate brokerage company Allsop & Allsop, based on data from the Dubai Land Department.The completion of these projects reflects the entry of new residential units into the emirate’s real estate supply, providing additional options for buyers and tenants in areas where there is increased development activity.The report pointed out that the increase in the number of completed housing units in Dubai contributes to the expansion of the options available in the rental and resale market, with the impact of the new supply…

The value of residential real estate sales in Abu Dhabi amounted to about $5.85 billion (AED 21.5 billion) during the third quarter of 2026, an increase of 32% compared to the same period last year, despite the decline in the number of deals, according to a report issued by the real estate consultancy and services company "Savills".The market recorded 6,085 residential deals during the third quarter, down 19% compared to the second quarter and 7% year-on-year. The company attributed the increase in the value of annual sales, despite the decline in the number of deals, to the continued demand for the most valuable properties.Sales on the map accounted for 81% of the total number of residential deals, while the average value of the deal on the map was about $1.36 million (AED 5 million), an…

Some properties are expected to shift from holiday homes to shared housing under Dubai’s new law, but hardly any are likely to move in the opposite direction, according to property managers. “Some movement in one direction, and almost none in the other,” said Luis Santos, co-founder of First Class Property Management.   He said holiday homes work best in areas such as Downtown, the Marina, Business Bay and JBR, where units are furnished to a standard, priced per night and booked by tourists and residents between homes. Shared housing, he added, suits large units in older or outer areas, priced per room for budget-conscious residents. “Owners of villas and large apartments in areas with weaker holiday demand now have a clear, legal option, and some will…

Dubai Land Department (DLD) will showcase four dedicated real estate services for people of determination, including remote property management, personal assistance in the completion of real estate transactions, mobile field services, and digital support, during its participation in Expo 2026, which will be held at the Dubai World Trade Centre from 19 to 21 October.The services are part of the “Barwa” initiative, which aims to facilitate the access of people of determination to real estate services, and provide multiple options for completing their transactions and managing their property, commensurate with their different needs.The Department participates in the eighth edition of the exhibition with a set of digital initiatives and solutions aimed at people of determination,…

Property rents in Dubai have fallen in most residential communities between the third quarter of 2025 and 2026, according to Property Finder. The real estate platform tracked ten key apartment communities, nine of which saw median asking rents falling year-on-year, including Jumeirah Village Circle, Business Bag, Downtown Dubai, Dubai Marina, Arjan, Dubai Creek Harbour, Mohammed Bin Rashid City, Meydan, and Palm Jumeirah Dubai Hills Estate was the only community that did not see a rise or fall in rents, staying flat for the entire duration of the period between Q3 2025 and Q3 2026, as per the data. “In September 2026, the average number of apartments listed for rent each day on Property Finder was 55.1 per cent higher than in September 2025, while renter enquiries grew 15.4 per…

Question: I understand there is a new law governing shared housing in Dubai. I am currently looking for shared accommodation and would like to know how I can ensure that I am not violating the law. What should I check before renting a place? Answer: Pursuant to your query, the provisions of the Dubai Law No. (4) of 2026 Regulating the Occupation and Management of Shared Housing in the Emirate of Dubai (“Shared Housing Law”) are applicable. As a prospective tenant you may undertake the following checks. Under Article 8 of the Shared Housing Law, a property may not be designated for shared housing without obtaining the required permit from the competent authority. Accordingly, a prospective tenant should confirm with the property owner or a licensed establishment managing the…

The value added of the real estate sector in Dubai recorded about $ 17.7 billion (65.1 billion dirhams) during the first half of 2026, a growth of 5.4% at current prices, compared to about $ 16.8 billion (61.8 billion dirhams) during the same period in 2025, according to official data issued by the Dubai Data and Statistics Corporation of Dubai Digital.The data showed that real estate activities in Dubai ranked third among the largest contributors to the emirate’s real GDP during the first half of the year, with a share of 11.8%, after wholesale and retail trade, which accounted for 20.5%, and financial and insurance activities with a share of 14%, while the contribution of transport and storage activities reached 10.7%.Despite the increase in the value added of the real estate…

KASCO Developments has unveiled FALA by KASCO, a spectacular new 109-residence waterfront collection that captures the ease of life by the water without stepping away from the city. Positioned on the Jaddaf Waterfront — where water meets urban pulse — FALA offers residents direct waterfront access, easy metro commutes, and evening views of Ras Al Khor’s natural sanctuary. FALA breaks the waterfront premium model with accessible entry points — studios starting from 419 sq ft — and flexible payment options. Whether buyers are drawn to life on the water or building their portfolio, FALA delivers an authentic waterfront address without compromise. Three-bedroom homes offer space for families ready to slow down by the water without leaving the city behind.…

Rental returns in Sharjah range from 8% to 12%, according to the estimates of Engineer Raymond Khuzami, Vice Chairman of Thuraya Real Estate Company. These estimates were presented during the session "Real Estate and its role in driving economic growth" within the "Sharjah Investment Forum 2026", in conjunction with the registration of real estate transactions worth $ 12.7 billion (46.8 billion dirhams) in the emirate during the first nine months of the year, and attracting about 10,000 new investors from more than 130 nationalities.Rising rents are prompting some tenants to consider buying housing units, while investors tend to hold their properties to take advantage of long-term rental income rather than reselling them for quick profits, Khazami said.He pointed out that buyers have…

The number of new leases for apartments in Dubai reached 52,173 during the third quarter of 2026, exceeding the number of lease renewal contracts for apartments of 50,0003 contracts, according to an analysis published by the Emirates Today newspaper based on DXBinteract data. The number of new contracts increased by 18.2% year-on-year, while the renewal contracts increased by 5.4%.At the same time, the average annual rent in the new contracts for apartments fell to about $ 18.6 thousand (68.4 thousand dirhams), compared to about $ 19.1 thousand (70 thousand dirhams) in the third quarter of 2025. The average annual rent in the renewal contracts increased to about 16.3 thousand dollars (60 thousand dirhams), from about 15.8 thousand dollars (58 thousand dirhams).The analysis showed an…