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Dubai property developers struggle to meet the demands of ultra-wealthy

Summary by Semafor
The NewsDubai real estate developers are used to catering to the whims of millionaires, but they are now struggling to meet the demands of the truly rich. Wissam Damaa, founder of property developer Palace Group, was stumped when a buyer requested an entire wall of his sprawling living room be made from a single pane of glass — equivalent in size to some swimming pools, according to Bloomberg’s Zainab Fattah. At 17 meters by 4 meters (55 feet by…

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SemaforSemafor

Dubai property developers struggle to meet the demands of ultra-wealthy

The NewsDubai real estate developers are used to catering to the whims of millionaires, but they are now struggling to meet the demands of the truly rich. Wissam Damaa, founder of property developer Palace Group, was stumped when a buyer requested an entire wall of his sprawling living room be made from a single pane of glass — equivalent in size to some swimming pools, according to Bloomberg’s Zainab Fattah. At 17 meters by 4 meters (55 feet by…

·New York, United States
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PropertyNews.aePropertyNews.ae

Dubai Property Sales Reach AED 44.4 Billion in January - PropertyNews.ae

Dubai’s real estate market is off to a strong start in 2025, with a  significant increase in property  sales  compared to the previous year.   According to a recent market update released by fam Properties, total sales in January reached AED 44.4 billion, marking a 24.1 percent increase compared to the same month last year.  The  number of transactions totaled 14,236, an increase of 23.2 percent compared to  January 2024, as demand for residenti…

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Gulf BusinessGulf Business

Dubai: Property sales hit Dhs44.4bn in Jan

Land sales show the biggest increase, as 14,236 overall transactions underline city as prime destination for property investment The post Dubai: Property sales hit Dhs44.4bn in Jan appeared first on Gulf Business.

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Gulf Business broke the news in on Wednesday, February 5, 2025.
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