News Archives - Page 3 of 4 - Prowin Properties

Sep 22 No Comments

Deals of Off-Plan Properties in Dubai Record 8X Increase From 2020 to 2023

Author: Praveen Aradhya

Categories: Commercial Real Estate,Insights,Investment Opportunities,Market Trends,New Developments,News,Property,Top-Stories

Off-Plan Properties in Dubai have emerged as the frontrunners in the real estate arena, marking a remarkable resurgence after a relatively quiet 2020. Pre-handover sales have experienced an astounding surge, witnessing an eight-fold increase in recent years, contributing to over half of all real estate transactions.

The off-plan property sector in Dubai is currently experiencing an exciting boom, with strategic keyword placement for “off-plan properties in Dubai” enhancing its online visibility.

Sep 22 No Comments

New Development and Residential Projects in Dubai: A Glimpse into the Emirate’s Future

Author: Praveen Aradhya

Categories: Commercial Real Estate,Community Living,Featured,Insights,Investment Opportunities,Neighborhood Spotlights,News,Property

Dubai’s Evolution into a Global Metropolis

Dubai, a destination of endless possibilities, has undergone an extraordinary transformation over the past few decades. From its humble beginnings as a small trading hub, it has evolved into a global metropolis, renowned for its remarkable architecture and dynamic real estate market. The pace of development in Dubai is relentless, with Latest Residential Projects in Dubai being unveiled every month.

In this article, we will take you on a journey through the latest and most exciting new development and residential projects in Dubai, showcasing the emirate’s unwavering commitment to innovation and luxury.

Sep 19 No Comments

Real Estate Market in Dubai Records a Whopping Transactions Worth AED 1.88 Billion in a Single Day

Author: Praveen Aradhya

Categories: Commercial Real Estate,Insights,Market Trends,New Developments,News,Property,Real estate market insights in dubai

Real Estate Market in Dubai Records a Whopping Transactions Worth AED 1.88 Billion in a Single Day

In a significant development, the real estate market in Dubai has continued its upward trajectory, showcasing its resilience and attractiveness to investors.

According to data released by the Dubai Land Department (DLD), the market recorded a total of 567 sales transactions, amounting to AED 1.88 billion on Monday.

Additionally, there were 155 mortgage deals totaling AED 688.9 million, and 17 gift deals valued at AED 44.05 million.

Sep 18 No Comments

Real Estate Transactions in Dubai Reach AED 12.7 Billion Last Week

Author: Prajwal Aradhya

Categories: Insights,Moving to Dubai,New Developments,News,Property

Real Estate Transactions in Dubai Reach AED 12.7 Billion Last Week

The real estate market in UAE has shown remarkable resilience with 2,329 real estate transactions in Dubai totaling over AED 12.7 billion in value during the week concluding on September 15, 2023, as per the latest data released by the Dubai Land Department (DLD).

The DLD’s comprehensive report unveils intriguing insights into the city’s real estate landscape. Notably, 549 plots changed hands, commanding a substantial AED 4.25 billion, while 1,780 apartments and villas found new owners, amounting to AED 3.94 billion in transactions.

Sep 18 No Comments

New Real Estate Service in Dubai Launched for Privacy-Conscious Individuals

Author: Prajwal Aradhya

Categories: Commercial Real Estate,Market Trends,New Developments,News,Property,Top-Stories

ew Real Estate Service in Dubai Launched for Privacy-Conscious Individuals

A groundbreaking real estate service in Dubai is now catering to privacy-conscious individuals, offering them a discreet way to sell their homes without drawing public attention.

Tailored exclusively for high-profile clients, including celebrities, VIPs, and high-net-worth individuals, the Off-Market Listing (OML) platform is redefining the real estate experience by prioritizing confidentiality in property transactions.

Sep 16 No Comments

Palm Jebel Ali Set to Relaunch Sales of Luxury Villas Soon

Author: Prajwal Aradhya

Categories: Commercial Real Estate,Community Living,Dubai's Iconic Landmarks,Investment Opportunities,New Developments,News,Property

In the highly anticipated Palm Jebel Ali sales relaunch, experts believe that this moment could redefine the thriving Dubai property market for the year ahead and usher in a new era of growth for the Palm Dubai development.

Sep 14 No Comments

Caesars Palace Dubai is Shutting Down After Just 5 Years

Author: Praveen Aradhya

Categories: Commercial Real Estate,New Developments,News,Property,Tourism

Caesars Palace Dubai is Shutting Down After Just 5 Years

Caesars Palace Dubai is a project by Ennismore and the Banyan Tree Group have joined forces with Dubai Holding to introduce a spectacular new hotel venture in Dubai.

The project, located on Bluewaters Island, marks the end of an era for Caesars Palace Dubai, which is set to be replaced by the luxurious Banyan Tree Dubai, slated to open its doors in November 2023.

Sep 13 No Comments

Off-Plan Property Market in Dubai Surges as Secondary Home Market Declines

Author: Prajwal Aradhya

Categories: News,Secondary Home Market In Dubai

Off-Plan Property Market in Dubai Surges as Secondary Home Market Declines

Off-Plan Property market of Dubai surges as secondary property market, which had experienced explosive growth driven by high investor demand, is now exhibiting signs of a slowdown.

Secondary market sales in Dubai witnessed a 10.2% decline in August 2023 compared to the previous year.

Additionally, the tenancy market is showing a slight moderation, with average rents in Dubai increasing by 21.7% in the year leading up to August 2023.

This figure represents a marginal dip from the 22% growth recorded in July 2023.

Sep 12 No Comments

Bayut Unveils UAE’s First AI Property Search Assistant BayutGPT

Author: Prajwal Aradhya

Categories: Market Trends,New Developments,News,Tourism

Bayut Unveils UAE’s First AI Property Search Assistant BayutGPT

In recent years, Bayut, the UAE’s leading property portal, has pioneered innovations in the PropTech domain with multiple solutions tailored to meet the evolving needs of the market.

A New Era in Property Search

Following on from their industry-defining products such as TruCheck and Search 2.0, Bayut has taken the step to further seamlessly integrate AI into the property search experience with the launch of BayutGPT, the region’s first cutting-edge AI-powered property search assistant.

Sep 06 No Comments

How to Buy Property in Dubai A Step by Step Guide

Author: Praveen Aradhya

Categories: News,Real estate market insights in dubai,Tourism

How to Buy Property in Dubai: A Step by Step Guide

If you’re looking to buy property in Dubai, navigating the legal landscape might seem challenging, especially if you’re new to the real estate market.

However, understanding the legal aspects is crucial when it you want to invest in Dubai real estate.

In this article, we’ll provide you with an overview of how to buy property in Dubai while adhering to the
Emirate’s real estate laws