Dubai is expected to see a 20 per cent increase in its residential units, especially apartments, in the next two years, S&P Global said. This, along with the ongoing regional instability, is likely to bring down transaction volumes and prices. Specific segments of Dubai’s residential market are already experiencing price corrections, which the credit ratings agency attributed to the country’s sweeping visa reforms that supported a higher number of long-term investors. Disruptions stemming from the regional war are assumed to continue into next year, as per S&P Global Rating’s base case scenario. This, along with new deliveries due in 2027-2028, could accelerate the price correction, especially in investor-driven apartment segments, the agency said. Property…

Dubai has issued new rules for shared housing and has given property owners and operators a year to comply with the new regulations. Under the new circular that Dubai Municipality has released, shared housing will be divided into two categories: individual and family accommodation Shared housing is only allowed in approved areas, with Dubai Municipality identifying more than 44 areas so far, including Al Souq Al Kabeer, Al Ras, Al Warqa 1, Al Barsha 1, Al Muraqqabat and Al Rigga. More areas will be announced later Properties on major tourist and commercial streets, such as Bani Yas Road, Sheikh Zayed Road, Jumeirah Road and Al Wasl Road, can only be used for family housing, not individual housing. Here is how property owners and operators can apply for a shared housing permit: Step 1:…

Dubai is expected to see a 20 per cent increase in its residential units, especially apartments, in the next two years, S&P Global said. This, along with the ongoing regional instability, is likely to bring down transaction volumes and prices. Specific segments of Dubai’s residential market are already experiencing price corrections, which the credit ratings agency attributed to the country’s sweeping visa reforms that supported a higher number of long-term investors. Disruptions stemming from the regional war are assumed to continue into next year, as per S&P Global Rating’s base case scenario. This, along with new deliveries due in 2027-2028, could accelerate the price correction, especially in investor-driven apartment segments, the agency said Property…

Arada, the Sharjah-based master developer, has received approval from the NSW Department of Planning, Housing and Infrastructure for its AED560 million London Place residential development in Campsie, Sydney. The 33-storey project is the first of five planned by Arada in the area as part of its expansion in Australia and will contribute to housing supply and community renewal. Designed by Woods Bagot, London Place will comprise 156 apartments, including 18 designated as affordable housing. Construction is expected to begin in the second quarter of 2027, with completion targeted for the fourth quarter of 2029. Ahmed Alkhoshaibi, Group CEO of Arada, said Campsie offered significant potential and that London Place marked the first of five projects planned for Sydney’s Inner…

Binghatti announced that global football star Karim Benzema has acquired several residential units within Mercedes-Benz Places | Binghatti City, including a luxury residence at Vision Iconic Tower, the largest tower within the masterplan. The announcement was made during the grand launch of Vision Iconic Tower at Coca-Cola Arena, Dubai, attended by prominent business leaders, leading investors and VIP guests.   The event featured the official signing between Karim Benzema and Abdullah Binghatti, Chief Sales Officer of Binghatti, in the presence of Muhammad Binghatti, Chairman of Binghatti, alongside senior dignitaries and members of the Board of Directors. The acquisition comes amid strong sales momentum for Binghatti, driven by growing demand for its developments among global…

Reportage Group has made its debut in Meydan Horizon with the launch of Verso and Époque, introducing 234 residences through two distinct approaches to contemporary living. The launch marks a strategic step in the Group’s Dubai expansion, establishing its presence in an emerging destination where waterfront landscapes, green spaces and access to the city are shaping a new residential community. Verso introduces a quieter, greener perspective on Dubai, where an active, social lifestyle sits comfortably alongside moments of retreat. Époque takes its inspiration from the enduring qualities of classic design, bringing understated elegance and a more intimate residential setting to the same destination. Together, the projects offer buyers a choice of homes with individual…

Reportage Group has made its debut in Meydan Horizon with the launch of Verso and Époque, introducing 234 residential units through two distinct approaches to contemporary living. This launch marks a strategic step in the Group’s expansion in Dubai, establishing its presence in an emerging destination shaped by waterfront landscapes, green spaces, and citywide connectivity.   Verso introduces a quieter, greener perspective that balances an active, social lifestyle with moments of retreat, while Époque draws inspiration from classic design to deliver understated elegance and an intimate residential setting.   Andrea Nucera, Group Managing Director of Reportage, stated that launching both projects together addresses diverse buyer priorities and reflects the…

Burtville Developments has officially launched its latest residential development, «Bab Al Qasr Beach Resort Residence 77», situated on the waterfront of Al Reem Island in Abu Dhabi. The launch event featured the unveiling of the architectural model and a comprehensive overview of its residences and resort amenities, attended by key members of the UAE’s real estate brokerage community, with project completion scheduled for Q4 2031. Spanning a 17,534-square-meter site, the development occupies a rare beachfront plot with direct beach access and dedicates 73% of its total area to landscaped green spaces. The project offers seamless connectivity to Saadiyat Island, the Dubai highway, Abu Dhabi Global Market (ADGM), the Cultural District, and downtown Abu Dhabi, while 92%…

Mazal has officially launched its new digital platform, introducing what it describes as the UAE’s first escrow-protected ecosystem dedicated to the buying, selling and trading of premium Dubai number plates. The platform was unveiled at an exclusive launch event held at a cutting-edge digital and vibrant event venue, bringing together industry stakeholders, collectors, investors and enthusiasts to mark a new chapter in Dubai’s premium number plate market. The event also featured a live auction – the first of its kind taking place in the UAE for secondary number plates. Mazal premium number plates and premium Mazal IDs were also auctioned, lifting the energy of the evening to an all-time high. Built around the principles of trust, transparency and security, Mazal aims to…

Question: I have just received a rent increase notice for my apartment in Dubai. I checked the rental index and found that the property is not eligible for an increase. What is the legal process from here?  Answer: Pursuant to your query, as you are a resident of Dubai, the provisions of the Dubai land laws and its amendment are applicable.   In Dubai, the percentage increase in rent may depend on average rent increases of the rented properties in a designated area.  This is in accordance with the Article 1 of Decree No. (43) of 2013 Determining Rent Increase for Real Property in the Emirate of Dubai (the “Dubai Rent Increase Law”) Stay up to date with the latest news. Follow KT on WhatsApp Channels. “When renewing Real Property Rent Contracts, the…

UAE property developers are looking at opportunities along the newly announced 80km Fourth Corridor, a highway connecting Sharjah, Dubai and Abu Dhabi, as demand for residential units continues across the country, driven by an inflow of new residents and a rising population of citizens. Developers say the road will make previously less convenient locations more attractive to residents, businesses and investors, and will support new residential and commercial communities along its route. Announced in September 2026, the project will become the fourth strategic road axis linking the UAE’s emirates, after Sheikh Zayed Road/Al Ittihad Road, Sheikh Mohammed bin Zayed Road and Emirates Road. Andrea Nucera, group managing director of Reportage Group, said the company has acquired a site…

Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding Group and Reportage Group, has launched THE WADI, a mixed-use residential development on Yas Island with an estimated investment of AED 6 billion. Cosmo Developments is fully managed and powered by Reportage Group. Overseen by Reportage Group from development and delivery through to long-term management, THE WADI occupies a plot area of approximately 140,700 square metres. It comprises 3,950 residential units, including studios and one-, two- and three-bedroom apartments, alongside commercial, recreational and sports facilities, as well as a hotel planned within the master plan. Conceived as a nature-led destination, THE WADI draws inspiration from the UAE’s enduring landscapes and the journey of water…