I am a footwear designer and owner of Thaqafah handmade shoes. We find new designers style their clothes with our shoes to give style inspiration to those who want ideas on how to style our unique shoes
For sale Apartments at Canal Bay , Business Bay, Dubai
Units: 2-3 Bedroom
Size: 1,099-1,449 sqft
Price: 2.2 M – 3.1 M AED
Canal Bay, is poised to reinvent upmarket urban living in Dubai. This amazing 18-story tower exemplifies modernity and elegance. Canal Bay is strategically positioned in Business Bay, one of Dubai’s most prominent areas, and provides homeowners with stunning views of the iconic Burj Khalifa and the tranquil Dubai Canal. This new building aims to provide a unique living experience for people seeking both vitality and quiet in the center of the city.
This stunning two-bedroom apartment offers a breathtaking view of the Canal and Burj Khalifa and is an ideal choice for your personal sanctuary within the city
(2 Bedroom Unit description)
Apartment Features:
– 2 Bedrooms – 2 Bathrooms + Visitor Toilet – 2 Balcony with a stunning view of the Canal. – Built-in wardrobes in all of the rooms. – Ceiling to floor windows – Semi-open Kitchen – High Floor
Property Amenities:
– Shared Pool – Shared Fitness Gym – Lobby in the building – 24/7 CCTV security – Indoor play area – Outdoor play area – Near the Dubai Mall – Cycling Track – 1 Parking
Completion date December 2024
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
In February, the market recorded a 35% annual increase in transactions, report shows
When it comes to apartments, a substantial 71 per cent of buyers are gravitating toward smaller units, the report showed.
Dubai’s real estate market is experiencing a significant surge, driven by shifting preferences among investors and tenants, according to analysts at Property Finder, a leading property portal.
In February, the market recorded a remarkable 35 per cent annual increase in transactions, totalling 16,099 deals, along with a staggering 55 per cent rise in total market value, reaching Dh51.1 billion.
When it comes to apartments, a substantial 71 per cent of buyers are gravitating toward smaller units. Specifically, 34 per cent are seeking one-bedroom apartments, while 37 per cent are focused on two-bedroom configurations. The demand for studios remains stable at 13 per cent. Notably, prime locations such as Dubai Marina, Downtown Dubai, and Palm Jumeirah are dominating the searches, as investors prioritise luxury and connectivity.
On the villa front, the demand for larger spaces is evident. A striking 86 per cent of villa seekers are interested in three-bedroom (39 per cent) or four-bedroom-plus properties (47 per cent), reflecting a growing preference for family-oriented living. Areas like Dubai Hills Estate, Damac Hills 2, and Al Furjan are topping the lists, showcasing a desire for community amenities and affordability.
The tenant side of the market is also evolving. A significant shift has been observed among renters, with 64 per cent now opting for furnished apartments, a notable increase from 45 per cent in 2024. This trend is largely driven by expatriates seeking convenience. Among renters, 56 per cent are focusing on studios (20 per cent) or one-bedroom apartments (36 per cent), indicating budget-consciousness.
In terms of rental hotspots, Jumeirah Village Circle (JVC), Deira, and Business Bay are attracting the most interest. For villa rentals, while unfurnished options still dominate (58 per cent), the demand for furnished villas has risen sharply to 42 per cent, compared to 36 per cent in the previous year. Space remains a priority, with 80 per cent of renters seeking three-bedroom (41 per cent) or larger villas, particularly in sought-after areas like Jumeirah, Dubai Hills Estate, and Al Furjan.
The report also highlights a booming off-plan market, with transaction values soaring 57 per cent year-on-year to Dh20.5 billion. Key areas driving this growth include Wadi Al Safa 5 and Al Yufrah 1, with significant sales recorded at Dh2.2 billion and Dh1.4 billion, respectively. Meanwhile, the ready market remains resilient, with existing property transactions rising by 27 per cent to 6,997, led by high-profile properties such as the Burj Khalifa and Al Yelayiss 1.
Cherif Sleiman, chief revenue officer at Property Finder, said Dubai’s market is maturing, with investor and tenant preferences shaping inventory strategies. “The spike in furnished apartments and off-plan investments reflects Dubai’s appeal to global talent and entrepreneurs seeking turnkey solutions. Meanwhile, villa demand highlights the city’s growing reputation as a family destination. Regulatory initiatives, like streamlined business setups, are amplifying this momentum, making Dubai a magnet for long-term capital.”
According to realty experts, this evolving market landscape carries significant implications. Investors are balancing high-yield opportunities in studio and one-bedroom apartments with luxury villa projects in emerging suburbs.
Tenants, on the other hand, increasingly value flexibility, with furnished units minimising relocation costs for transient professionals.
“Developers and landlords must adapt to the polarized demand, focusing on compact, ready-to-move-in apartments versus spacious, customizable villas,” the report said.
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
The most expensive property sold last month was a luxury villa in Hadaeq Sheikh Mohammed Bin Rashid, fetching Dh140 million
Dubai’s real estate market has kicked off 2025 with remarkable momentum, recording property sales worth Dh 51.1 billion in February—a 39.91 per cent increase compared to the same month last year.
According to a market update from fäm Properties, February saw a total of 16,099 transactions, marking a 35.5 per cent rise in volume from February 2024, making it one of the strongest months on record.
Data from DXBinteract reveals that villa sales soared to Dh18.8 billion, nearly doubling with a 99.7 per cent increase to 3,679 units compared to February 2024. Meanwhile, plot sales surged by 74.7 per cent to reach Dh9.6 billion across 608 transactions.
Apartment sales also experienced a robust performance, totaling Dh 21.4 billion, an increase of 21.3 per cent with 11,364 units sold. Commercial property transactions amounted to Dh1.2 billion, up 40.1 per cent from the previous year, with the average price per square foot climbing 3.4 per cent to Dh1,551.
Firas Al Msaddi, CEO of fäm Properties, the latest data once again highlights the robust nature of Dubai’s real estate market and the steady growth it has experienced over the past few years. He emphasised the city’s status as a safe haven for real estate investment, bolstering investor confidence from local, regional, and international markets.
Over the past five years, Dubai’s property sales in February have skyrocketed by 449 per cent in value, jumping from Dh9.3 billion in 2020 to Dh 51.1 billion in 2025. The most expensive property sold last month was a luxury villa in Hadaeq Sheikh Mohammed Bin Rashid, fetching Dh140 million, while a lavish apartment in The Rings – 1 at Jumeirah Second sold for Dh116 million.
New developments outpaced resales, with first sales accounting for 66 per cent of total transactions by volume and 62 per cent by value. Properties priced above Dh5 million made up 9 per cent of total sales, while the Dh 1-2 million bracket represented 31 per cent, and 25 per cent were below Dh 1 million.
Ray Verma, a luxury broker at Eden Realty UAE, noted that Dubai property prices have surged by 27 per cent year-on-year as of January 2025, with villas and apartments seeing increases of 31.2 per cent and substantial growth, respectively. This price escalation outpaces that of major cities like London, Paris, and Madrid.
The market’s dynamism is further underscored by recent transactions, with Dubai’s real estate sector recording an impressive $4.9 billion in deals in the last week alone, reflecting strong investor interest in high-value properties.
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
The emirate launched the Smart Rental Index earlier this year to bring transparency to the market
Rents in Dubai South and communities along Sheikh Mohammed bin Zayed Road saw the highest increase in 2024, jumping up to 30 per cent, according to the latest data released by Cavendish Maxwell.
Average rents were up in most Dubai residential areas during 2024, the data revealed.
For apartments, the biggest hikes were in Dubai South, where rents were 30 per cent up in 2024 on the previous year, followed by Al Furjan (27 per cent) and Dubai Production City (24 per cent).
There were much smaller increases at Palm Jumeirah (5 per cent), Al Habtoor City (3 per cent) and Bluewaters Island (1 per cent).
While Palm Jumeirah’s apartment rental prices saw a nominal increase, it was a different story for villas, where rates were up 52 per cent in 2024. The second highest rise for villas and townhouses was at Al Furjan (39 per cent) with Dubai Investments Park at 38 per cent.
Led by an increase in population, rents in Dubai have been on the rise over the past few years, resulting in demand outpacing supply.
Dubai also launched the Smart Rental Index earlier this year to bring transparency to the market.
According to Asteco, a limited supply of units in established developments, an uptick in premium projects within average communities, and renovations or upgrades to existing properties also fuelled pronounced changes in rents.
It added that communities with larger available inventories recorded no growth or marginal downward adjustments. Cavendish Maxwell data showed that gross rental yields remained robust across Dubai throughout 2024.
At year-end, average yields were 7.4 per cent for apartments and 5.1 per cent for villas and townhouses.
Topping the rental return charts were Dubai Investments Park (10.3 per cent), International City (9.4 per cent) and Dubai Production City and Downtown Jebel Ali (both 8.6 per cent).
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
The two nationalities will increase their share of the market to 30% of all purchases in 2025, as per Elite Merit Real Estate analytics
Investment from Russia surged by 20 per cent in 2024, as demand for luxury homes in areas such as Palm Jumeirah, Downtown Dubai, and Dubai Marina continues to rise.
Chinese and Russian nationals’ investments in Dubai’s luxury real estate market increased by 15 and 20 per cent in 2024, respectively, highlighting the BRICS (Brazil, Russia, India, China, and South Africa) Factor that is driving the growth of foreign capital inflows into the emirate.
Analytics from the UAE-based Elite Merit Real Estates revealed that Chinese and Russian investors are poised to dominate Dubai’s luxury property market, lured by the city’s favourable tax policies, world-class infrastructure, and geopolitical stability.
The BRICS Factor
Recent data shows that Chinese and Russian investors will increase their market share by over 30 per cent in 2025.
The growing economic ties between the UAE and BRICS countries have made it easier for investors from these nations to navigate the Dubai market. The UAE’s economic ties with China and Russia, coupled with favourable regulatory conditions, are encouraging more investments.
The UAE Golden Visa programme, which offers long-term residency to foreign investors, has been highly attractive to Chinese and Russian nationals, is a key driver. It offers them both investment opportunities and stability.
China has become the third-largest source of foreign investment in Dubai’s real estate market after the UK and India. Chinese nationals actively target high-end properties, and purchases increased by 15 per cent in 2024 alone.
Investment from Russia surged by 20 per cent in 2024 as demand for luxury homes in areas such as Palm Jumeirah, Downtown Dubai, and Dubai Marina continues to rise.
China has become the third-largest source of foreign investment in Dubai’s real estate market after the UK and India
A noticeable trend among the Chinese investors, traditionally known for focusing on luxury high-rises, is that they have diversified their interest to include premium villas and waterfront properties, particularly in exclusive communities like the Palm Jumeirah and Emirates Hills.
Russian investors, on the other hand, are looking to secure stable returns amidst global uncertainties. They are increasingly purchasing larger, high-yielding properties that offer rental potential.
Elite Merit Real Estate added that with demand soaring, Dubai is set to complete nearly 28,700 new villas by 2025, while long-term projections indicate the need for 37,600 to 87,700 additional housing units by 2040 to accommodate its expanding population.
Prime locations such as Palm Jumeirah and Emirates Hills have already seen price increases of 10-12 per cent in the past year. Despite these rises, Dubai remains competitively priced compared to global cities like London and New York.
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
The Civil Court in Dubai has ordered a real estate broker and a property development company to refund Dhs3,299,000 to an Arab investor and his partner, who had paid the amount for the purchase of a residential unit, but the broker and the company did not hand over the purchase contract.
According to the details of the lawsuit, the Arab investor and his partner filed an electronic lawsuit in September 2024, against the broker and the property development company demanding that they be jointly obliged to return the amount, in addition to legal interest of 5% from the date of the ruling until full payment, as well as legal expenses and lawyer’s fees.
The case documents indicated that an agreement was established between the first plaintiff (the buyer), who is the manager and partner of a commercial company, and the first appellee (the broker), who offered the buyer a residential unit owned by a well-known real estate development company and requested him to issue a cheque of Dhs3,990,000 to secure the reservation of the unit and complete the purchase process.
However, the deal was not finalised as the buyer did not receive the apartment contract, and the broker did not return the paid amount despite repeated demands.
After examining the facts of the case and the legal evidence, the court ruled that the appellees be jointly obliged to pay Dhs3,299,555, with legal interest of 5% annually from the date of maturity until full payment. The court also ordered them to pay court and attorney’s fees.
Dr Alaa Nasr, the legal representative of the buyer, stated that during the court hearings, the court reviewed the submitted documents, which included payment receipts and correspondence between the parties.
The court listened to the appellees’ arguments, who denied their responsibility to refund the full amount, claiming that the deal was not completed due to circumstances beyond their control.
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
RERA has received a significant number of applications for owners’ committees
DUBAI: As part of its ongoing efforts to enhance governance and sustainability in the management of jointly owned properties, the Real Estate Regulatory Agency (RERA) at Dubai Land Department (DLD) has announced the formation and registration of 127 new owners’ committees across the emirate. This initiative underscores RERA’s commitment to empowering property owners and fostering active participation in community management, aligning with Dubai’s ambitious vision to lead the global real estate sector.
RERA has received a significant number of applications for owners’ committees, with approvals granted based on the specified terms and criteria for both existing and new committees. This strong interest reflects the growing enthusiasm among property owners to take an active role in their communities, following RERA’s invitation for all owners of jointly owned properties to register.
These committees serve as a vital platform for enhancing the quality of life, fostering community well-being, and increasing resident satisfaction. Registration remains open to all eligible applicants both individuals and companies; however, each committee is limited to nine members , emphasising the importance of early application to secure participation in decision-making processes.
Owners’ committees play a pivotal role in enhancing transparency and ensuring real estate sustainability. Property management companies will hold meetings with the newly formed committees to elect a chairperson and a vice-chairperson, assign responsibilities, and initiate the execution of designated tasks. Notably, these committees are responsible for reviewing budgets, setting maintenance priorities, and overseeing shared services, contributing to efficiently managing jointly owned properties.
RERA will oversee the workflow and coordinate between management companies and owners’ committees while monitoring the latest developments to ensure operations run efficiently and effectively. RERA also reaffirms its commitment to maintaining direct communication with all property owners, whether individuals or companies, inviting them to join the owners’ committees. Applications from individuals will be reviewed and approved directly. As for property owners from companies, the application process will continue through property management companies responsible for submitting the requests to RERA for official approval.
RERA’s strong commitment to owners’ committees reflects Dubai’s dedication to achieving the highest standards of management and regulation in the real estate sector. These committees are ideal for fostering community collaboration and safeguarding real estate investments. The Authority remains committed to ensuring that these committees effectively promote sustainability and enhance the quality of life for residents across the emirate, which aligns with the visionary leadership’s directives to position Dubai as the preferred destination for living and working.
Eligible individual property owners can register for the owners’ committees through DLD’s official website or the Dubai REST app, provided they meet the required conditions. These include residing in the property, holding a valid Emirates ID, submitting a Good Conduct Certificate issued by Dubai Police, and settling all outstanding service fees.
These efforts reaffirm Dubai Land Department’s commitment to providing a comprehensive regulatory environment that ensures the highest levels of transparency and enhances owners’ participation in managing their properties. This, in turn, contributes to supporting sustainability and achieving Dubai’s vision of developing a thriving and advanced real estate sector.
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
Studios -2 Bed apts, Unit sizes from 533 -1,346 sqft Prices from 1.5 M AED -3.9 M AED
Trillionaire Residences by Binghatti exudes elegance and sophistication in every detail, from the tastefully designed interiors to the premium finishes throughout the property.
The project is a testament to ultramodern substance and style. It offers luxurious studio, one, and two- bedroom apartments, all designed with utmost complication. These extravagant homes feed to a range of life requirements, and their exceptional design is a perfect mix of fineness and functionality.
LOCATION: Business Bay – This development is situated in a prime location, ensuring easy access to key amenities, entertainment options, and business districts, making it an ideal choice for both work and leisure
AMENITIES AND FACILITIES: – 24-Hour Security – Swimming Pool – Fitness Facilities – Spa and Relaxation: Sauna, steam room, and jacuzzi – Lobby lounges, cafes, and restaurants. – Residents can indulge in luxury services, including concierge, chauffeur, bodyguard, butler, and housekeeping.
Building Facts: 2B + G + 3P + 19 FLOORS + ROOF FLOOR
Typical unit details: – Studio – 1 Bathrooms – Burj Khalifa view – Private Pool – Balcony
Completion :Q4/24
If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.
Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912
Philly2dubairealtor 