Dubai has launched the pilot phase of the Real Estate Tokenization Project which aims to attract international technology firms, open new investment channels, and diversify property ownership by enabling multiple investors to co-own a single asset through tokenized real estate.

Dubai’s Alta Real Estate Development has joined forces with Parisian fashion house Maison Margiela to create the brand’s first residential project in the city.

Dubai’s real estate market experienced significant growth in 2024, as residential property prices surged by 19.1% year-over-year, reaching $459 per square foot, marking a 13.3% increase over the market’s previous peak in 2014.

Dubai’s real estate market has already recorded $27bn in sales in just 44 working days. This is the fastest the market has ever achieved this value, according to the Dubai-based real estate brokerage W Capital.

Real estate developer Richmind has announced its entry into the UAE market, with its debut project to be unveiled soon at Al Marjan Island in Ras Al Khaimah. A collaboration with Zaha Hadid Architects, the project will offer a mix of luxury apartments, villas, duplexes, and penthouses, all designed to redefine waterfront living.

Leading UAE real estate developer Deyaar Development has launched its first-ever residential project in Umm Al Quwain.

Real estate development company Aldar has launched The Wilds, a Dubai residential community that harmonises modern living with nature, creating and environment for families while preserving local wildlife.