Dubai Weekly Real Estate News 18/12/22
As holiday is fast approaching here in Dubai, most hotels and even Airbnb are fully booked now.
Did you know Dubai is one of the world’s most profitable cities for Airbnb owners. Landlords who own properties surrounding the Burj Khalifa, the world’s tallest building, can earn an average of £930 ($1,150) per night.
Let’s take a look at some of the property news that caught our attention last week. I’ve included the summary of each article below.
Property News This Week
CoinMENA Enables Crypto Purchases For Dubai Real Estate
The news becomes the latest in a long line of recent developments that support Dubai’s ambition to be a leading global crypto hub. Recently, the Dubai Financial Services Authority (DFSA) launched a ‘Crypto Token regime’. The regulator aimed to address anti-money laundering and as well as terrorism finance risks.
Dubai Property Tycoon Is One of UAE’s Richest
Mohamed Alabbar is best known as the founder of a Dubai real estate firm that built the world’s tallest skyscraper.Alabbar is set to net $900 million from Americana’s IPO and his remaining stake is now valued at $1.98 billion, based on the offer price.
D&B Properties founder affirms Dubai’s 2040 Plan will encourage eco-conscious investment
D&B Properties discusses the new shift in sustainable livability and how the city’s vision is set to further drive eco-conscious investors. Husni Al Bayari, Chairman & Founder of D&B Properties affirmed that Dubai’s Master Urban Plan for 2040 will have a transformative effect on the city’s residential sector.
Dubai’s off-plan segment is fueling UAE real estate success
ZāZEN Properties, a leading sustainable property developer in the UAE, cites that Dubai’s real estate market has continued to showcase post-pandemic resilience by recording sales transactions worth AED 30.5 billion in November.
Why Dubai continues to cement its position as a must visit destination?
Tourism in the UAE is thriving because of landmark projects such as Bluewaters, JBR and Al Seef. Consumer demands are indeed changing – and rapidly, too. With so many options available, physical retail spaces must be designed as a place people want to experience, not just where they need to go.
