Rakhat Properties

Dubai has emerged as the leader in real estate transparency in the MENA region, setting a benchmark for other markets. The city’s commitment to regulatory frameworks, technological advancements, and comprehensive data accessibility enhances investor confidence and fosters a robust real estate environment. This focus on transparency positions Dubai as a premier destination for real estate investment, attracting both local and international stakeholders.

In Q3 2024, Dubai’s real estate market hit a historic high, with property sales climbing to 50.4k units.🎯 This record-breaking number highlights both the strong recovery of the market and the increasing demand for property.📊 Year after year, the market’s pace accelerates, underscoring Dubai’s enduring attractiveness as a premier investment destination.🌎 The future looks promising for the real estate sector.🚀 Contact us today to begin your journey with the best in real estate! 📞 +971 50 563-6082

Sonate residences reshapes urban living experience with an unparalleled dedication. Here awaits your exclusive community lap pool-an oasis tailored for both relaxation and exercise. Should you crave contemplation, immerse yourself in the serenity of the meditative garden and yoga sanctuary, offering panoramic views of the awe-inspiring Dubai skyline. Types of apartments and prices: Studio starting from 710,000 AED One bedroom starting from 960,000 AED 2 bedrooms starting from 1,600,000 AED 3 bedroom starting from 3,000,000 AED Contact us: 📞 +971 50 563-6082

The UAE real estate market is forecasted to reach AED2.5 trillion ($681 billion) by the end of 2024, driven by significant growth in the off-plan segment. According to QUBE Development, off-plan properties accounted for 65% of all sales transactions in August 2024, demonstrating strong demand among investors and buyers. This surge reflects the market’s ability to attract both local and international investors seeking high returns and favorable opportunities in an evolving landscape. Compared to the same period last year, there has been a remarkable 54% increase in transaction volume, underscoring the growing momentum in the sector. The UAE's favorable economic conditions, government incentives, and flexible payment plans for off-plan properties have contributed to this upward trend. As the market continues to thrive, it is expected to remain a key driver of the country’s economic growth, offering a diverse range of investment opportunities.

The Burj Binghatti Jacob & Co Residences, set to be completed in 2027, is expected to become the world’s tallest residential tower, surpassing New York's 472-meter Central Park Tower. Located in Dubai’s Business Bay, this over 100-storey skyscraper will offer stunning views of the Burj Khalifa and Dubai Canal. Collaborating with luxury brand Jacob & Co, the tower will feature two residential collections: The Sapphire Suite (two bedrooms) and The Emerald Suite (three bedrooms), along with five exclusive Billionaire Penthouses inspired by Jacob & Co's high-end watches. Residents will enjoy top-tier amenities, including an infinity pool, spa, gym, private members' club, and concierge services like private chefs and chauffeurs. The tower’s design, featuring diamond-shaped spires, draws inspiration from Jacob & Co’s intricate timepieces, promising a striking addition to Dubai’s iconic skyline.

Palm Jebel Ali, a large-scale development by Nakheel, is seeing strong demand, with nearly 700 villas launched last year selling out quickly. The project, three times the size of Palm Jumeirah, spans 13.4 km and includes 16 fronds. Villas, priced between Dh20 million and Dh50 million, are attracting wealthy investors from Europe and Asia. With Dubai's coastline nearly fully developed, Palm Jebel Ali offers one of the last opportunities for beachfront homes, driving high international interest. Dubai's property market has surged post-pandemic, with luxury home sales hitting record levels. In the first half of 2023, Palm Jebel Ali ranked second in ultra-luxury sales. Prices have steadily risen, reflecting Dubai's growing appeal as a top global investment destination. The project aligns with the Dubai 2040 Urban Master Plan, aiming to enhance public beach access and further drive the city's real estate growth.

Exotica, the latest residential project by Al Marina, introduces a new standard of modern living in the vibrant Jumeirah Village Circle (JVC), Dubai. This 18-story architectural marvel, located in JVC District 17, is designed to elevate urban lifestyles with its blend of contemporary aesthetics and thoughtfully curated features. Offering 88 exclusive residential units, Exotica presents an array of 1 and 2-bedroom apartments that cater to both families and investors seeking a premium living experience in the heart of the city. With its striking design and prime location, Exotica redefines the concept of urban comfort. Each apartment is meticulously crafted to ensure functionality and style, featuring spacious layouts and high-quality finishes. The development's strategic location in JVC provides residents with easy access to key attractions and amenities, making it an ideal choice for those looking to balance a cosmopolitan lifestyle with the tranquility of a community-focused environment.

Dubai is set to welcome its own version of Las Vegas’s iconic Sphere as part of The Island, a new development that will also host three renowned Vegas hotels – MGM Grand, Bellagio, and Aria. While the Dubai Sphere will be smaller, with a capacity of 300 compared to Vegas's 18,600, it will stand nearly as tall at 110 meters. The Sphere will feature an immersive 360° projection show that walks visitors through the history of Dubai, offering equally impressive visuals both inside and out, lighting up Dubai’s skyline. The Island, currently under construction near Jumeirah Public Beach, will span 10.5 hectares and include a beach club, entertainment venue, bars, restaurants, shops, and a lagoon. The three Vegas hotels will offer over 1,400 rooms in total. While the exact timeline for the Dubai Sphere’s completion remains unclear, the project is expected to become one of the city's most exciting new attractions, blending luxury and entertainment.

Dubai and Abu Dhabi have cemented their positions among the top five global cities for real estate transparency improvements, according to JLL's Global Real Estate Transparency Index (GRETI). Dubai, ranked 28th, has experienced robust growth, with property sales reaching Dh37.3 billion in August 2024, marking a 33% increase compared to the previous year. This significant progress highlights the city's commitment to enhancing real estate transparency and fostering investor confidence. Abu Dhabi, ranked 41st, has also seen notable advancements, driven by the establishment of the Abu Dhabi Real Estate Centre (ADREC) and the implementation of new AI-driven systems. These initiatives, along with a focus on sustainability and enhanced data availability, have played a crucial role in attracting investment. Saudi Arabia's improvements further underscore the region's dedication to evolving its real estate sector, positioning the Gulf as a key player in the global property market.

The UAE is on track to attract the highest number of millionaires globally this year, setting a new benchmark in the world of wealth migration. This surge of affluent individuals presents a unique opportunity for businesses looking to tap into a thriving market. As these high-net-worth individuals seek investment opportunities, luxury goods, and exclusive services, your business could be perfectly positioned to meet their demands and expand your reach in the UAE's dynamic economy. Don't miss out on the chance to grow your business amidst this influx of wealth. With the UAE's reputation as a global hub for innovation, luxury, and high-end services, aligning your business strategy with the needs of this elite demographic can unlock significant growth potential. Now is the time to take action and capitalize on the opportunities that this prosperous market has to offer.