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The Floating Venice hotel coming to Dubai

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On the first day of Cityscape (Monday September 11) we heard of Expo 2020’s plans to preserve the legacy of the show way beyond its years, with District 2020. Now, one of the most ambitious announcements of the year has been unveiled, and it effectively means Dubai is getting its own Venice. A huge, Dhs2.5 billion floating resort called The Floating Venice is due to be constructed near The World islands. More than 3,000 guests […]

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Dubai bets on Expo 2020 to boost property sector

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Dubai’s property market, hit by a three-year downturn, is regaining momentum as the emirate prepares for its Expo 2020 trade fair, analysts and developers say. The six-month event, the first World Expo to be staged in the Middle East, is expected to attract up to 300,000 visitors a day when it opens in October 2020. Officials are hoping it will breathe new life into Dubai’s property market, under pressure from weak demand and low economic […]

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Dubai launches app to track progress all real estate projects

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Dubai Land Department (DLD) has developed an interactive application that helps investors and developers track the progress of all real estate development projects in the emirate. Mashrooi, developed in partnership with Emaar Properties, combines technology with open data to drive transparency in the real estate sector for both developers and investors, a statement said. The platform also allows developers to showcase upcoming developments to potential investors via the application, it added. The DLD said it […]

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Low prices trigger big sales at Cityscape Global

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Cityscape Global, which closed on Wednesday after a three-day show marked by record visitor turnout and a spate of mega projects launches, triggered a dramatic surge in off-plan property transactions registered with the Dubai Land Department. The region’s foremost showpiece property showcase drew buyers and investors in their thousands with a winning combination of bargain prices and attractive payment plans. Boosted by a year-on-year increase of 25 per cent in visitor traffic during its first […]

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Most expensive penthouse sold in Dubai for Dh102m

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Omniyat on Tuesday disclosed that an anonymous buyer has scooped up the most expensive penthouse in Dubai for Dh102 million, beating the previous record price tag of Dh60 million. Located at One Palm by Omniyat, the penthouse apartment was purchased on the condition of a very specific request. Despite One Palm offering three swimming pools, the buyer asked that a 20-metre long private lap pool be built on the rooftop of his penthouse, so that […]

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