Welcome to our weekly roundup of the latest real estate news and property transactions in Dubai. From notable launches to market trends, here's a recap of the most significant developments from the week of September 30th to October 4th, 2024:
Recent Launches:
Vida Residences Club Point by EMAAR
Location: Dubai Hills Estate
Vida Residences Club Point offers a luxurious living experience in the heart of Dubai Hills Estate. This exclusive collection of residences blends urban sophistication with the tranquility of nature, surrounded by lush greenery and overlooking the golf course. With access to top-tier amenities, including fitness centers, pools, and proximity to Dubai Hills Mall, this is the perfect home for modern professionals and families alike.
Pier Point by EMAAR
Location: Mina Rashid
Pier Point by EMAAR is an elegant waterfront development located in Mina Rashid, Dubai’s historic port. Offering stunning views of the marina and the Arabian Gulf, Pier Point brings contemporary living to the forefront with state-of-the-art amenities, easy access to shopping, dining, and entertainment venues. It’s an ideal spot for those seeking the blend of maritime charm and modern lifestyle.
Franck Muller Vanguard by London Gate
Location: Dubai Marina
The Franck Muller Vanguard Residences by London Gate bring Swiss precision and luxury to Dubai Marina. This signature development combines high-end design with the iconic style of Franck Muller, offering bespoke living spaces with sweeping views of the marina. The residences are crafted to reflect luxury, with unique architectural elements and world-class amenities for discerning residents.
Market Trends of Dubai This Week:
Dubai Real Estate Hits Record $38.6bn in Q3 2024 Sales: Dubai’s real estate market has reached new heights, achieving a record AED 141.9 billion ($38.6bn) in sales for Q3 2024. This marks a significant 30.1% year-on-year growth, with over 50,000 transactions recorded. The apartment sector led the charge, contributing 77% of total sales, while villa and land sales also saw impressive gains. Jumeirah Village Circle topped the list of high-performing areas, further highlighting the market’s resilience. As property values continue to rise, Dubai remains a prime destination for global real estate investors.
Dubai Approves Major Expo City Masterplan: $2.7bn Expansion Announced: Dubai has unveiled a major $2.7bn expansion of Expo City, solidifying its role as a key driver of the emirate’s future development. Approved by Sheikh Mohammed bin Rashid Al Maktoum, the masterplan includes five distinct zones, smart transportation, and housing for over 76,000 residents. Key features include a new global headquarters for DP World, a cutting-edge exhibition center, and a dynamic business hub. Located near Al Maktoum International Airport and Jebel Ali Port, the development will play a pivotal role in advancing Dubai’s 2040 Urban Master Plan and the ambitious Dubai Economic Agenda D33, making it a prime destination for investment, trade, and innovation. Expo City will serve as a blueprint for sustainable urban growth and a global center for business and residential communities alike.
Check out Edwards and Towers' newest ultra-luxury exclusive listing: E&T Palm specialist Julie Pemberton has just listed a stunning 4-bedroom duplex Sky Villa in the prestigious Six Senses Residences, Palm Jumeirah. This top-floor residence, spanning 6,455 sq. ft., offers unparalleled luxury with expansive outdoor terraces, a private pool, and breathtaking views of Palm Jumeirah’s iconic landmarks, including the Atlantis, Royal Atlantis, Palm Tower, and the Dubai Marina skyline. Boasting world-class amenities and branded residences, this exceptional home is the ultimate statement of elegance, with a handover set for September 2025. Exclusively presented to the Palm Jumeirah market.