Browsing: property market

DIFC has launched a new API (Application Programming Interface) to provide instant updates on real estate details within its financial hub. In addition to being a base for finance and related businesses, DIFC is also a key player in Dubai’s property market, offering both commercial and residential real estate options.

The UAE’s real estate market is witnessing a significant transformation as developers increasingly pivot towards commercial real estate. With the country’s economic growth accelerating, the demand for office spaces, retail hubs, and mixed-use developments is surging. This shift is driven by an influx of global businesses, rising corporate registrations, and a booming investment climate.

Dubai Holding, the vast investment conglomerate owned by the emirate’s ruler, is considering establishing a real estate investment trust (REIT) to capitalise on the city’s property boom, according to sources familiar with the situation.