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Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid economic development, strategic location, and urban planning. Real estate is a driver of Dubai's economy. [1]
Emirates Hills is the most expensive villa community to buy or rent a property in Dubai, with buyers paying up to Dh2,604 per square feet. [ 6 ] Some notable residents included the late Benazir Bhutto ; [ 7 ] [ 8 ] [ 9 ] the managing director of Géant Middle East, Mohammed Ayub Shaikh; Abdul Rahiman Abdul Azeez, owner of Alpha Smart Security ...
A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
For the best of Dubai’s luxury living, ... and the all-suite hotel is also home to the world’s biggest Swarovski crystal ceiling, with 21,000 crystals worth 1.3 million UAE dirhams ($354,000 ...
Arabian Ranches is an upscale gated villa community in Dubai, United Arab Emirates launched in 2004, developed by Emaar Properties. It is located in Wadi Al Safa 6, along Sheikh Mohammad Bin Zayed Road and in proximity to Dubai's Global Village. [1] It includes the Arabian Ranches Golf Club and the Dubai Polo & Equestrian Club.
Launched in 2003, Dubai Marina is an urban development constructed around a series of artificial canals. [26] It spans a 3 km stretch of waterfront and is home to a number of residential, commercial, and leisure properties, including the Jumeirah Beach Residence, Dubai Marina Mall, and the Al Sahab Towers.
The Index is a 328 m (1,076 ft) tall, 80-storey skyscraper in Dubai, United Arab Emirates. [5] Of the 80 floors, the first four floors are service floors, 5th–29th are to be offices and 31st–77th are residential use, 73rd and 75th floors are duplex penthouses and 77th to 80th floor are triplex penthouses. [ 5 ]
A luxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market ...