Property Ownership

Dubai tenants turn to ownership, boosting demand for affordable luxury homes

Symbolic Developments, the real estate arm of Speedex Group, has launched its fourth residential project, Symbolic Altus, in Liwan, valued at Dh150 million As rental prices continue to climb across Dubai, a growing number of long-term tenants are making the leap to homeownership — fueling demand in the city’s mid-market, affordable luxury segment. Developers are responding with projects that blend...

Dubai: Some free zone companies to soon be able to own land, properties

This comes after a memorandum was signed between the Dubai Land Department and Masdar City during an official ceremony held in Dubai Free zone companies under Masdar City will soon be able to own land plots and properties under the freehold ownership system in Dubai. This comes after a memorandum was signed between the Dubai Land Department and Masdar City during an official ceremony held in...

Dubai: Starting at Dh2,000, now everyone can be a landlord through tokenisation

Residents see tokenisation as an ideal way to build a diversified real estate portfolio in a booming market like Dubai In May 2025, the Dubai Land Department (DLD) launched the region’s first tokenised real estate investment initiative through ‘Prypco Mint’. The project is a collaboration between Prypco, the Virtual Assets Regulatory Authority (Vara), the Central Bank of the UAE, the Dubai...

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