Big Data has become a crucial aspect of several sectors, and real estate is no exception. Data science and analytics have become a cornerstone of the industry — all kinds of data are flowing in, and unless put to good use, they will only clutter the space. Ramping up the utility of data requires s...

The real estate sector of the UAE has done well historically. A robust industry, it has always exhibited growth. While the rate of growth has fallen at times, it has not been in negative territory. Even so, when times are bad globally, with recession and inflation staring at the world, the Russia-Uk...

You are in real estate and lead a busy life. You have to network with buyers and sellers, communicate with prospective clients, hop from one property to the next, write appropriate descriptions for listings, and whatnot! Now imagine if you had a 24×7 assistant who could travel with you everywhe...

On February 2, 2023, the Central Bank of the UAE raised its base rate for the Overnight Deposit Facility (ODF) by a quarter of a percentage point to 4.65% following the US Federal Reserve’s increase in interest rates to bring down inflation. What impact will this have on Dubai’s real estate sect...

After a 2011 earthquake that killed hundreds of people, Turkey’s then-prime minister Recep Tayyip Erdogan blamed questionable construction for the high death toll, saying: “Municipalities, constructors and supervisors should now see that their negligence amounts to murder.” After the recent tw...

Dubai is all set to host the 28th session of the Conference of Parties (COP) in 2023, with the tentative dates being November 30 to December 12, and the venue being the Dubai Expo City. It will be an important global event, which will coincide with the UAE National Day.  Impact of COP28 on holi...

Mixed-use properties are anything but a new concept. They have roots in ancient villages and towns, where it was common for apartments and homes to exist above storefronts or for factories, accommodations for workers, stores, and restaurants to be located in close proximity to one another.  How...

One cannot quite remember the last time Dubai’s real estate sector was struggling because it seems to be on a positive growth trajectory for a while now. So, the only thing one has to figure out is the steepness of the growth curve. In 2023, the sector, particularly the luxury and prime segment, i...

Heading into the new year, it is topical to look at real estate trends that are likely to play out soon. Despite challenges, such as supply chain disruptions, rising inflation and tense geopolitics, Dubai’s real estate market continues to push forward. Demand for real estate assets continues to ri...

Changes are underway in Dubai’s rental market. If the proposed changes are approved, landlords in Dubai will now face new restrictions when it comes to increasing rental prices. Rather than increasing prices based on the location alone, the building’s star rating will also be factored in going f...