- June 2, 2026
- 1
- News&Media
Dubai court cancels ownership of property worth Dhs443,000 after buyer fails to pay installments
Dubai beachfront luxury mansion sold for Dhs280m in landmark deal
Dubai Sotheby’s International Realty sold Villa Gaia, a six-bedroom beachfront mansion on Jumeirah Bay, for Dhs280 million. The deal highlights sustained demand for scarce ready-built luxury beachfront homes, as high-net-worth buyers continue prioritising privacy, long-term family living and prime Dubai locations.
Read the full article on Gulf Today
Dubai buyer wins fresh hearing in Dh4.6m hotel apartment dispute
Dubai’s Court of Cassation ordered a fresh appeal hearing after a buyer claimed a Dh4.6 million Dubailand unit sold as a hotel apartment was delivered as residential. The ruling highlights the importance of clear property classification, accurate payment records and proper review of expert evidence in Dubai real estate disputes.
Read the full article on Gulf News
UAE real estate sees double-digit office rent growth as vacancy tightens in Q1 2026
UAE office and retail markets remained resilient in Q1 2026, according to JLL. Tight office supply drove double-digit rent growth in Dubai and Abu Dhabi, while retail performance was mixed, with domestic-focused demand supporting occupancy despite softer tourism-linked activity and more cautious leasing.
Read the full article on Economy Middle East
Dubai’s real estate sector weekly transaction hits $5.72bln
Dubai recorded AED21 billion in real estate transactions last week, underscoring continued market strength despite regional uncertainty. Q1 2026 transactions rose 31% year-on-year to AED252 billion, supported by foreign investment, off-plan demand, luxury sales, residency reforms and Dubai’s wider economic growth strategy.
Read the full article on Zawya
Ellington starts handovers in Dubai Hills Estate, Arjan
Ellington Properties has begun handing over Ellington House II in Dubai Hills Estate and Arbor View in Arjan. The deliveries expand its completed portfolio as Dubai’s residential supply rises, with buyers increasingly judging projects on handover quality, leasing performance and finished-unit evidence rather than off-plan promises.
Read the full article on Arabian Business
Dubai court cancels ownership of property worth Dhs443,000 after buyer fails to pay installments
Dubai Real Estate Court terminated a Business Bay hotel unit sale agreement after the buyer failed to pay instalments from July 2025. The court ordered the unit’s registration cancelled, re-registered under the owning company, and required the buyer to cover fees, expenses and legal costs.
Read the full article on Gulf Today
ADIB, DAMAC launch landmark home finance plan to ease path to ownership in UAE
ADIB and DAMAC Properties launched a Shariah-compliant home financing plan to make homeownership more accessible in the UAE. The partnership offers flexible financing, fee waivers, short-term cost support and complimentary property takaful, reducing upfront costs for DAMAC buyers and speeding up approvals through ADIB’s digital onboarding.
Read the full article on Gulf News
UAE hotel revenues jump 9.7% to Dh49.21 billion in 2025
UAE hotel revenues rose 9.7% to Dh49.21 billion in 2025, supported by strong tourism and staycation demand. Hotel guests exceeded 32 million, occupancy reached 79.5%, and Dubai welcomed a record 19.59 million international overnight visitors, reinforcing the UAE’s regional tourism leadership.
Read the full article on Khaleej Times
Aldar’s Al Ghadeer Gardens sold out, generates $272mln
Aldar sold out Al Ghadeer Gardens, generating over AED1 billion from 437 townhouses and villas. Strong demand came from first-time Aldar buyers, expatriates and overseas customers, prompting an early second phase. The community benefits from its Abu Dhabi–Dubai corridor location and planned British school.
Read the full article on Zawya
Last of the beachfront: Elevate announces Dh127.5m transaction at Mondrian Al Marjan Island as supply tightens
Elevate recorded a Dh127.5 million-plus transaction at Mondrian Al Marjan Island Beach Residences, highlighting strong demand for branded beachfront homes in Ras Al Khaimah. Nearly 200 residences have been sold, with construction progressing and handover targeted for 2029.
Read the full article on Khaleej Times
Dubai Real Estate Transactions as Reported on the 25th of May 2026
Total transactions without land reached AED 405,059,630 due to the start of Eid Al Adha Holidays.
We will continue to bring you the news within the week if we see enough momentum.
Eid Mubarak
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