Property Agents Camped Outside Nakheel Offices Overnight On Wednesday, Eager To Secure A Property On The Highly Anticipated Island. A Dubai-based real estate agent, Craig Brown of The Luxury Collection, achieved a remarkable sale by securing a 23,000 sq. ft. plot on frond M of the highly anticipated Palm Jebel Ali project for an astounding Dh42.5 million. The buyer, a UAE resident who is a High Net...

New Beachfront Homes Revealed Following The June Announcement Of A Revised Master Plan For The Mega Development Nakheel, the renowned developer responsible for The Palm Jumeirah in Dubai, has introduced the inaugural waterfront villa project on Palm Jebel Ali, responding to strong demand for luxury residences in the emirate. This project spans four island fronds, offering two villa types: coral and...

In August 2023, the ValuStrat Price Index recorded a monthly growth of 1.9% and an annual increase of 13.8%, reaching a total of 94.6 points. The August 2023 ValuStrat Price Index (VPI) increased 1.9% monthly and 13.8% annually to reach 94.6 points. In comparison to the 100 points set in January 2014, apartments scored 78.5 and villas 120.4. ValuStrat reports a surge in apartment sales within...

Online Service Enables Homeowners to Plan Their Budget for Expenses More Effectively If you are considering buying property in Dubai, it is essential to factor in the service charges associated with maintaining and managing the property. The Dubai Land Department (DLD) offers prospective homeowners access to a Service Charge Index, accessible through the DLD website or their app, 'Dubai REST.' Here is...

Keturah Business Bay Introduces Innovative 'Bio Living' Residences Following the remarkable success of Keturah, a groundbreaking luxury well-being real estate and hospitality concept, MAG, a prominent real estate developer in the UAE, proudly announces the launch of Keturah Business Bay, a visionary project valued at Dh2 billion. This luxurious tower aims to redefine modern living through innovative...

Affordable Apartments in High-Demand Areas Experience Up to 17% Rent Hike Dubai tenant Salim Ahmed recently received a notice of rent increase from his landlord, pushing his annual rent beyond his budget. However, Ahmed has made the decision to stay in his current residence. “My landlord has raised the rent by approximately Dh5000. Initially, I considered moving to a different apartment in the...

The Project Will Provide Panoramic 360-degree Ocean Views, Feature Interiors, And Luxury Furnishings Designed By Tonino Lamborghini Casa. Dubai's real estate market continues to thrive, and Danube Properties, the fastest-growing private real estate developer in the UAE, is capitalizing on this success with the launch of Oceanz. This remarkable project, valued at over Dh2.5 billion, promises to redefine...

This Deal Signifies The Launch Of The Dubai-Based Developer In Ras Al Khaimah. Abu Dhabi-listed RAK Properties and Dubai-based Ellington Properties have joined forces for a residential beachfront project on Hayat Island within Mina Al Arab Island, Ras Al Khaimah. This collaboration marks the launch of Ellington Properties in the emirate. The project, consisting of apartments, will feature upscale...

Decisions Should Be Grounded In Considerations Of Investment Returns And Capital Appreciation Potential. 1.    Q1: What Are The Prime Locations For Investors Interested In Purchasing Mid-Range Properties In Dubai? If you prioritize a strong return on investment (ROI), consider areas like Jumeirah Village Circle (JVC), which currently stands out for its high ROI potential. It is an...

Their Top Rankings in 2023 Unveiled: AI-Powered Proptech Firm's Insights into the Key Factors According to a recent report, Sobha Hartland, Dubai Harbour Part 1, and Bu Kadra Part 2 have been identified as the top three locations for real estate investment in Dubai. Realiste, a proptech firm, using its proprietary AI platform, determined these rankings. The study found that these areas offer the...

Dubai's renowned boutique real estate developer, Imtiaz Developments, has broken ground on its prestigious venture, Luxor by Imtiaz, located in the heart of Jumeirah Village Circle. This remarkable project, valued at Dh390 million, signifies a significant milestone for the company, known for its commitment to delivering properties that seamlessly blend sophistication, functionality, and quality. Masih...

The Development Will Be Situated Across From The World Trade Centre Along Sheikh Zayed Road. Azizi is gearing up to commence construction on Dubai's second-tallest tower, with a height exceeding 700 meters, although the exact figure remains undisclosed. This ambitious project encompasses a six-story shopping mall, over 700 residential units, and a luxurious hotel featuring approximately 300 suites,...

A Novice Russian Investor Has Purchased The Property A three-bedroom duplex apartment at the Royal Atlantis on Palm Jumeirah has broken records with a price tag of Dh44 million translating to an astonishing Dh12387 per square foot. This remarkable deal ranks as the second-highest in Dubai, just trailing behind an apartment in the Bulgari Resort and Residences. Which fetched Dh13543 per sq. ft. The...

Users Can Swiftly Access Key Information, Including Area Name, Ownership Type, And Sitemap Issuance Date, By Choosing A Specific Land Plot. Dubai Municipality has introduced a user-friendly online portal, enabling property owners to access their property and land data, including construction licenses and completion certificates with ease. This initiative reflects the Municipality's commitment to...

A Plot Of Land Measuring 41,704 Square Feet Was Purchased Within The Emirates Living Community. In Dubai, a plot of land situated in the prestigious Emirates Hills area has been successfully sold for a remarkable Dh209 million, as confirmed by the Dubai Land Department (DLD) on Tuesday. This expansive plot spans 41,704 square feet and commanded an impressive price of Dh 5011 per square foot in the...

In The UAE, It Is Imperative For Developers To Shift Their Focus Towards Fostering And Cultivating Communities. The importance of community management in the real estate sector cannot be overstated. In the UAE, it is imperative for developers to shift their focus towards fostering and cultivating communities. Amidst robust demand, the real estate sector in the UAE is experiencing remarkable growth,...

To Oversee The Rental Market, The Dubai Authorities Have Implemented Legislation To Ensure The Protection Of Rights For Individuals, Investors, And Real Estate Firms. Since more than two years ago, rents in Dubai have been rising as the population of the emirate has risen to 3.616 million. To ensure the regulation of Dubai's rental market, the Dubai government has introduced a set of laws designed to...

Land Sales in Island Community Reach Dh4.2 Billion in the First Half of the Year. A premium plot of land on Palm Jumeirah has recently been acquired for a substantial sum of Dh190 million. This expansive plot spans 56,295 square feet, with plans to develop an impressive 120,000 square feet of residential space. Transforming it into a luxurious residential hub, as confirmed by a property developer on...

Dubai, the shimmering jewel of the Middle East, is once again setting the stage for a remarkable real estate transformation. In the heart of this dynamic metropolis, a captivating opportunity awaits real estate enthusiasts and those who appreciate the finer things in life. The city's skyline is evolving with the introduction of an exquisite collection of new apartments for sale in Dubai. These residences...

As The City Continually Evolves, Every New Iconic Project Enhances The Investment Potential For Investors. Dubai's real estate sector is transforming, setting itself apart from traditional global markets. The city presents unparalleled prospects, not rooted in supremacy, but in establishing foundational dynamics and regulations. With a demonstrated track record of ambitious execution, Dubai has proven...

In The Twelve Months Leading Up To June, Luxury Home Prices In Dubai Witnessed An Impressive Surge Of 48.8% For the eighth consecutive quarter, Dubai continued to lead a ranking of top worldwide cities for the world's biggest rise in the price of luxury real estate. According to Knight Frank's research, "Prime Global Cities Index Q2 2023," the cost of luxury houses in Dubai increased by 48.8% in the 12...

The Influx of Russian Investors Drives a 47% Surge in Dubai's Property Prices, According to Data Dubai has long been a magnet for affluent individuals and entrepreneurs worldwide, drawn by its reputation for stability and opulence. In 2022, however, the city witnessed an unprecedented wave of Russian investors that left an indelible mark on the Dubai real estate market. Sparking a remarkable 47% surge...

‘Golf Views' Offers Apartments Complete With Private Pools. As Well As Exciting Amenities Such As A Skate Park And A Virtual Reality Golfing Experience. A renowned freehold neighborhood called Dubai Sports City welcomed the Dh300 million Samana Golf Views home development on Monday from Dubai-based Samana Developers. The new development is the first one in the area to have apartments with private...

By The End Of October, The Company Will Have Delivered 688 Extra Residential Units. Prominent UAE real estate developers, MAG, have announced the successful handover of 546 townhouses within the esteemed MAG City development situated in District 7 of Mohammed bin Rashid Al Maktoum City, Meydan. Comprising 904 residential units spanning studios, one- to two-bedroom apartments, and 694 townhouses....

Despite Villa Prices Soaring 146% Since January 2020, Demand for Palm Properties Remains Strong Dubai's rental market may be stabilizing, but property sales values are soaring. Over the past 12 months, the average value of residential transactions has surged by 17%. In addition, the trend continued with a nearly 5% gain in the April-June period alone, as reported by Knight Frank. For luxury home...

Uniting Premier Industry Stakeholders From Both UAE And India, The Event Provides An Inclusive Platform For Investors, Developers, And Homebuyers. Mark your calendars for an exceptional event as the 4th edition of the UAE-India Real Estate Show. Jointly presented by Khaleej Times and Realty+, arrives in Dubai on November 25 and 26, 2023. This esteemed exhibition unites top-notch stakeholders from the...

As Per Survey Results By Worldwide Real Estate Services Providers, 46,100 Flats, And 11,600 Villas Were Sold In H1 2023 The ongoing year is poised to be the most active period for Dubai's residential real estate sector. Spurred by a remarkable half-year record of 57,700 property transactions encompassing both apartments and villas. This reflects a substantial 44 percent increase. In the first half of...

A Significant Increase In Home Purchases Is Evident, Providing Favorable Returns And Accessible Payment Arrangements For Individuals Buying Their First Property. Drawing from my industry expertise, it is evident that the younger generation is playing a pivotal role in shaping leadership and catalyzing business transformations across various sectors, including the real estate industry. This influence...

Investors Looking For A Stable, Tax-Friendly, And Vibrant Market Can Find Numerous Benefits In Buying Property In Dubai. Dubai has solidified its position as a prominent international real estate destination. Its advantageous placement at the intersection of Eastern and Western influences, coupled with its status as a lively cosmopolitan center, renders it a perfect choice for both residents and...

Following The Pandemic, Dubai Experienced A Notable Increase In Affluent Investors From Around The Globe. In a groundbreaking achievement for 2023, Dubai's luxury property market has witnessed an impressive milestone. Recording the sale of an impressive 335 luxury units by the end of July. This year has proven to be a pinnacle for the sector, as indicated by a recent market study. Furthermore, as...

Looks At The Primary Reasons For Tenants To Buy Instead Of Rent Najam-us-Saqib, a Dubai-based entrepreneur, invested in a budget-friendly studio apartment located on the outskirts of the city. Preferring convenience, he chose to rent an apartment in the Al Qusais area, close to his office and his children's schools. While renting out the studio apartment he purchased. Najam is one of the many locals...

Elitz 3 Offers A Pioneering 1% Monthly Payment Plan, Following The Initial Deposits. Over the weekend, Danube Properties introduced Elitz 3, an impressive project with a development value surpassing Dh800 million, situated at Jumeirah Village Circle (JVC). This development will be adjacent to Elitz and Elitz 2 towers, which are currently under construction. By the fourth quarter of 2026, the twin...

Dubai's Off-Plan Market Shows A Promising And Optimistic Outlook, Accounting For 52% Of Total Transactions In Q2 2023. Off-plan investment in Dubai involves buying a property during its planning or construction stages, based on architectural sketches or renderings. The property is typically not yet completed. One benefit of off-plan homes is the flexible payment schedule, with buyers paying in...

During The April-June Period, The Company's Total Income Experienced A Notable Increase Of 28.7 Percent. Dubai Investments, a diversified investment company, witnessed an impressive 65 percent annual surge in its second-quarter net profit. Propelled by the robust performance of its real estate business. During the April-June period, the total net profit attributable to the company's owners reached...

Purchasing A Home With Financing In The Emirates Offers Affordability In Comparison To Other Global Markets. The UAE's real estate market has remained brisk during the last three years despite the current state of unrest in the world. More people were thinking about buying a home in the UAE because of the low lending rates, the abundance of housing options, and the laws that supported long-term...

Over A Dozen Entities Worldwide Have Shown Interest In The Joint Venture. Potential bidders from various countries, including China Investment, Malaysia's KLCC Property Holdings (also known as KLCC REIT), and Saudi Arabia's Hassana, are expressing interest in acquiring a stake in ICD Brookfield Place, an office tower located in the heart of Dubai's bustling financial district. According to insiders...

The Tenant Is Now Questioning Whether The Confirmation Notice Needs To Be Prepared Through A Notary Public, As They Have Changed Their Decision. 1.    Question: I initially informed my landlord, via email, that I intended to move out of the property as a tenant. However, I later changed my mind. The landlord is now insisting that the email is binding, and I sought legal advice, which...

The Rental Price Increase For Landlords Is Constrained By Factors Such As The Property Type And Size, The Location, And The Current Market Value. Amidst the confusion surrounding tenants' rights, the UAE's commercial property sector witnessed its highest demand for occupancy in the second quarter since 2014. As the Dubai property market makes a robust recovery from the pandemic. Certain landlords have...

The Highest-Value Deals Were Observed In Al Saadiyat Island, Yas Island, And Al Reem Island In the first half of 2023, the real estate market in Abu Dhabi saw transactions totaling more than Dh46.33 billion, according to a study released on Monday. The DMT's latest data suggests approximately 10,557 property transfers during this period. The DMT's real estate trading index recorded 3,827 mortgage...

The Capital Value Of Mid And Affordable Units Will Be Further Boosted By The Continued Growth Of The Luxury Segment. In the second half of 2023, Dubai's luxury property market is anticipated to maintain its strong demand, surpassing all other major cities worldwide in terms of growth rate. The influx of millionaires into the market contributes significantly to this trend, causing a shortage of high-end...

Property Owners And Lenders Are Struggling To Adapt To The Shifting Dynamics Of Remote Work. The post-pandemic changes in employment trends have raised concerns about potential losses for landlords. The estimated value loss of $800 billion to office buildings in key cities underscores the impact of remote work on the commercial real estate sector. According to a report from the McKinsey Global...

In Response To Market Demand, The Developer Introduces 182 Single-Row Townhouses As the UAE experiences strong demand for real estate, Dubai Properties has launched the final phase of townhouses at its Mudon master complex. A Dubai-based developer said in a statement on Tuesday that Mudon Al Ranim, which consists of 182 townhouses with three and four bedrooms, is the culmination of the Mudon community....

In H1 2023, The Emirate Witnessed 76,119 Real Estate Transactions, Totaling Dh283 Billion In Value. Due to foreign investments and an increase in inhabitants who are switching from tenants to owners, Dubai's real estate market has been expanding at an exponential rate. According to the most recent information provided by the Dubai Land Department, the emirate had 76,119 real estate transactions...

Are you considering purchasing a home in the United Arab Emirates? Worried about the impact of the recent interest rate increase and potential future hikes on your financial burden if you secure a mortgage? A senior executive with the mortgage-focused fintech Huspy says you do not have to be. The UAE not only boasts some of the most affordable real estate among major cities, but the interest rates are...

Nestled In A Private Cove, Rixos Dubai Islands Presents A Luxurious Blend Of Hotels & Residences, Offering Direct Access To A Stunning 700-Meter Beach. Rixos Dubai Islands, Hotel & Residences by Nakheel is a captivating resort-style living experience set in a serene, prime location on Dubai Islands' northern coast. This exclusive development is the first of its kind on the Dubai Islands....

Developers Are Primarily Driven By Demand As The Core Factor. According to a prominent industry expert, Dubai's luxury property market is currently the world's strongest and is projected to maintain its upward trajectory. Shreen R Gupta, CEO & Partner of Grid Properties, stated in an interview with Khaleej Times that traditional branding practices have involved collaborations between hospitality...

The Enduring Allure Of Dubai As A Dynamic Business Hub Persists During the second quarter of 2023, Dubai's commercial real estate (CRE) market witnessed an extraordinary surge in sales transactions. Contributing to the emirate's real estate sector achieving its highest-ever semi-annual sales in the first half of the year. Compared to the same period in the previous year, the CRE market saw a...

The Locations To Look Out For Are JLT, Palm Jebel Ali, And Oasis. 1.    What Are Dubai's Most Exciting Up-And-Coming Neighborhoods? Dubai is home to many potential upcoming areas. JLT is taking an uncertain step by introducing 'Uptown Dubai,' a brand-new neighborhood in the works. The opening of the Uptown structure, the region's first supertall structure, is expected to draw...

Dubai Has Firmly Established Itself As The Ultimate Global Destination For Prestigious Assets. In 2002, the issuance of the freehold law marked a turning point for Dubai's real estate, with 700 transactions at the Land Department in the first half of 1997. Fast forward to the first half of 2023, and the city witnessed an astounding 61,000 transactions, solidifying its position as a global destination...

Post-Pandemic, Attractive Deals In Dubai's Real Estate Market Attract Buyers From The UK, Italy, Turkey, And France. European property developers are flocking to Dubai's thriving real estate market, enticed by the interest shown by investors from the UK, Italy, Turkey, and France. Surpassing South Asian and Gulf investors, these European buyers have been seizing appealing deals in Dubai's property...

The Dh8 Billion Project Would Provide Residents With 1,743 Ready-Built Homes. Sheikh Khaled recently unveiled the highly anticipated Balghaiylam Residential Project in Abu Dhabi, marking a significant milestone in the city's real estate landscape. The launch event showcased the visionary development's exceptional features and highlighted its potential to elevate the standard of living in the...

The real estate market in Dubai continues to make headlines with the sale of the most expensive penthouse, fetching a staggering Dh410 million. Furthermore, Emirates Hills' mansion and a penthouse in Bugatti by Binghatti Tower have set a new benchmark, priced at an astounding Dh750 million, reflecting the unwavering demand for ultra-luxurious properties. These top best Dubai homes are captivating the...

While The Developer Chose Not To Disclose The Tower's Name Or Exact Height. But They Previously Mentioned That It Would Be Situated At A Prominent Site Along Sheikh Zayed Road. Dubai, UAE, is set to welcome the construction of the world's second tallest tower. This awe-inspiring project promises to enhance the city's iconic skyline further. Standing tall amidst its predecessors, the new structure will...

There Are 360 Units In The Residential Buildings, Starting At Dh565000. Deyaar Development PJSC unveils Jannat, the last residential district in Dubai's Midtown community. Spanning 521,400 sq. ft., this project consists of two connected towers and is strategically positioned at the heart of Dubai Production City. With 360 units starting from Dh 560,000, the residential towers are set for completion by...

Expected Handover of Project in Q1 2024 Azizi Developments has recently announced that the construction of Creek Views II has reached a significant milestone, with completion progress reaching 50%. The luxurious development, valued at Dh350 million, is situated in Dubai Healthcare City, overlooking Dubai Creek. The project is on track for handover in the first quarter of 2024. Comprising 587...

The Tenant Had Previously Entered Into A Rental Agreement That Explicitly Stated The Lease Was Not Renewable. 1.    Question:  I have been residing in a Dubai apartment for three years, and my current lease is set to expire in August. Last year, during the renewal process, my landlord included a clause in the "additional terms" section stating that the tenancy is limited to one year...

Danube Properties Completes Acquisition of Business Bay Land from Shuaa Capital Danube Properties, a prominent real estate company in Dubai, has recently acquired a prime plot in Business Bay from Shuaa Capital for a reported AED 190 million ($52 million). The acquisition paves the way for Danube Properties to develop an exceptional residential tower on the purchased plot. Shuaa Capital, in an...

First Salary Credit Accepted as Proof by UAE Banks - Will Others Follow? Dubai: Are you a newcomer to the UAE? With ambitions to buy a home rather than rent at the first opportunity? Banks in the UAE are gradually realizing the possibilities that these newcomers to the nation might bring in terms of extending their mortgage books. "Because mindsets are changing when it comes to property buying these...

Investing In A Branded Residence Enhances Security And Minimizes Vulnerability. 1.      Query: What Are The Key Differences Between Purchasing A Branded House And Making A Standard Investment In Dubai's Luxury Real Estate Market, With An Emphasis On Buildings Like The Bin Ghatti And Al Habtoor Towers? In Dubai's real estate market, Al Habtoor Towers and Bin Ghatti Properties...

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Dubai-based property developer Pure Gold Living has recently announced the launch of several groundbreaking projects worth Dh300 million. These new developments promise to redefine the real estate landscape in the city by offering innovative and luxurious living spaces. With a strong commitment to quality and customer satisfaction, Pure Gold Living aims to create exceptional residential and commercial...

Spanning The Nation, These Visionary Projects Will Extend The Country's Coastline And Introduce Vast Expanses Of Lush Greenery. With recent multi-billion dollar project launches that will transform the UAE's environment and raise the nation even higher on rankings for tourism competitiveness, the real estate industry in the UAE is seeing a tremendous rebirth. This includes an indoor garden, the largest...

Mortgage Rates Unveil New Possibilities: Off-Plan or Ready Home Purchase for Dubai Residents. With the era of mortgage rate increases potentially ending, more tenants in Dubai are contemplating the transition from renting to owning their own homes. The prevailing factor driving this shift is the ongoing surge in rental costs, which shows no signs of slowing down. As tenants face the prospect of...

Prices for Al Habtoor Tower Start at Dh2.1 Million, With a 3-Year Completion Target. Dubai's Highly Anticipated Al Habtoor Tower Launches Sales, Joining the Ranks of Global Residential Skyscrapers. Situated on Sheikh Zayed Road, overlooking the Dubai Water Canal, Al Habtoor Tower has opened its sales phase, marking a significant milestone in the development valued at Dh3.7 billion. This impressive...

Demand Surges as Dubai's Waterfront Locations Reach New Heights in Property Deals Dubai's real estate market continues to soar as a penthouse on Bluewaters Island sold for a staggering Dh80 million. Spanning an impressive 9,252 square feet, the luxurious four-bedroom unit was successfully sold by B1 Properties. Bluewaters Island, along with Madinat Jumeirah Living, has become a sought-after waterfront...

The Oasis By Emaar Will Contains 7,000 Residential Apartments, Including Mansions And Villas, On The Outskirts Of Dubai. A gala event was hosted Friday night at the Armani Hotel in Burj Khalifa, Downtown Dubai, as part of Emaar Properties' celebration of the opening of The Oasis by Emaar, its newest waterfront luxury lifestyle destination. Top real estate agents and consumers of Emaar Properties...

UAE Mortgage Lenders Reduce Off-Plan Project Completion Requirement to 50% from 80% After lenders gradually loosened the standards on project construction levels, new off-plan property buyers in the UAE are beginning to receive mortgages more quickly than in the past. Banks are now willing to lend when a project is 50% complete or higher. As opposed to the past when they would only do so after it had...

Altai Tower by Tiger Properties is a Premier Residential Development in Jumeirah Village Triangle (JVT), Dubai. Immerse yourself in a luxurious lifestyle within this 26-storey tower, boasting an array of amenities and an enviable location at the heart of JVT. Experience the pinnacle of upscale living at Altai Tower. Altai Tower at JVT Dubai offers a diverse selection of 244 residential units....

Dubai's Real Estate Sector Witnesses Robust Global Demand as Investors Pursue Safety, Tax Efficiency, and Profitable Returns In a notable shift within Dubai's real estate sector, Chinese and British investors have emerged as the dominant force in the luxury property market, surpassing their Indian counterparts. This trend highlights the enduring international appeal of Dubai's property market, with...

Buying properties in Dubai, like any investment, comes with its own set of pros and cons. Here are some factors to consider: Pros of buying properties in Dubai: Economic growth: Dubai has experienced significant economic growth over the years, attracting investors from around the world. It offers a business-friendly environment, tax incentives, and a robust infrastructure, making it an attractive...

Introduction When it comes to property maintenance in Dubai, you need a service that not only meets your expectations but exceeds them. Dubai is a vibrant city with stunning architecture and world-class infrastructure, and it is essential to keep your property in top condition. Whether you own a residential or commercial property, regular maintenance is crucial to ensure its longevity and...

Dolce Vita Will Be Set Up In The Dubailand Arjan District. Dubai-based developer Vincitore Realty has announced its highly anticipated launch of the Dh800 million Dolce Vita Residences in Arjan neighborhood. This luxurious residential project aims to redefine contemporary living with its exceptional design, upscale amenities, and prime location. Spread across an expansive area, Vincitore Dolce Vita...

Dubai's Expansive Project to Extend Coastline by 110 Kilometers, Boasting 80+ Hotels and Resorts Palm Jebel Ali, guided by the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has obtained official approval for its groundbreaking development masterplan. Encompassing an impressive 13.4 square kilometers, double...

Scannable QR Code Provides Access to Holiday Home Operator Information and DET Contact Details in Dubai Dubai's Department of Economy and Tourism (DET) recently introduced a new QR Code initiative aimed at enhancing transparency and instilling confidence among investors and visitors in the short-term rental market. The initiative aligns closely with the objectives of the Dubai Economic Agenda (D33),...

With 81 floors and 1,701 keys, Dubai's Habtoor Tower will be the largest residential tower in the world. Al Habtoor Group in Dubai has announced the opening of the biggest residential structure in the world. On Sheikh Zayed Road, next to the Dubai International Financial Centre (DIFC), on the banks of the Dubai Water Canal, and with a view of the Burj Khalifa, the Habtoor Tower will be constructed. The...

Residents Of These Ultra-Luxurious Projects Can Now Enjoy The Ultimate Convenience Of Driving Their Cars Directly To Their Personal Floor. Dubai is swiftly establishing itself as a pioneer in the realm of branded residences, exemplified by the recent launch of the world's first Bugatti branded residence. This opulent project, consisting of a remarkable 43 floors, will accommodate 171 mansions and 11...

Abu Dhabi Housing Authority Inks Two Agreements With Q Holding Abu Dhabi has unveiled a groundbreaking initiative to develop 1,742 villas at a staggering cost of over Dh7 billion in the West Baniyas and Al Samha regions. The Abu Dhabi Housing Authority recently announced this major undertaking. Which aims to address the housing needs of its citizens. The West Baniyas residential project will consist...

Innovative Ultra-Luxury Tower in Dubai Transforms Residents' Commute by Enabling Direct Access to Their Floors Dubai witnessed the grand launch of Bugatti Residences, an extraordinary residential project developed by Binghatti. Featuring the iconic French luxury carmaker's first-ever foray into the world of real estate. The local real estate market continues to be dominated by the demand for branded...

Dubai Islands By Nakheel Marinas To Feature 248 Wet Berths For Vessels Dubai, May 24, 2023: Nakheel, the esteemed master developer, proudly launched Nakheel Marinas Dubai Islands, a remarkable marina destination, on Wednesday. Nestled along the scenic northern coastline of Dubai, this new marina offers a host of exceptional facilities for boat and yacht enthusiasts. Designed to accommodate a maximum...

Dubai, UAE - On May 24, the world will witness the launch of the groundbreaking Bitcoin Tower, an innovative project set to launch at the 28th Conference of Parties (COP28) in Dubai. Spearheaded by developer Salvatore Leggiero, this initiative also marks the establishment of a new hotel chain. The Hotel Chain's Vision According to EINpresswire, the hotel chain aims to embrace cutting-edge...

Dubai, the largest city in the United Arab Emirates (UAE), has emerged as a popular destination for individuals and investors looking to buy properties. With its modern infrastructure, luxurious developments, and attractive lifestyle, Dubai offers a range of options for those seeking residential or commercial real estate opportunities. Here are some key points to consider when looking to buy properties...

Although Interest Rates Have Been Rising Over The Previous Few Quarters, The Increase In Rental Activity Has Been Far More Dramatic. An upward trend is observed among Dubai residents, as an increasing number of individuals are opting for bank mortgages to purchase properties. Escalating rental prices, surpassing monthly mortgage repayments in some instances, serve as the primary catalyst for this...

In The UAE, Hotel Real Estate Deals Are Once Again In Vogue. Sources familiar with the matter suggest that Anantara the Palm Dubai, a prestigious super-luxury resort, is nearing a sale valued at approximately Dh1.1 billion ($280 million). The current owner, Seven Tides, is collaborating with Grant Thornton LLP to explore this potential transaction. Renowned for its 400-meter private beach...

Exploring the Glamour and Luxury of Emirates Hills: Dubai's Premier Residential Community Introduction: Nestled in the heart of Dubai, Emirates Hills stands as a testament to opulence and exclusivity. Known as the "Beverly Hills of Dubai," this premier residential community boasts lush greenery, breathtaking architecture, and a sense of tranquility that is unmatched. In this article, we invite you...

Industry Executives Praise Simplified and Hassle-Free Dubai Property Buying Process Mohammed Iqbal and his wife, who had been contemplating purchasing property in Dubai for a while, finally decided two years ago after careful financial planning and consideration. The impact of the pandemic prompted them to save up and take the leap. They evaluated factors such as return on investment, forex rates, and...

Dubai, the bustling metropolis known for its stunning skyscrapers, luxurious lifestyle, and thriving business environment, has become a sought-after destination for real estate investment. With its robust market, strategic location, and attractive rental yields, investing in Dubai properties can be a lucrative opportunity for both local and international investors. In this comprehensive guide, we will...

Step-By-Step Guide To Buying Resale Properties In Dubai What elements ought buyers to think about while choosing between older and newer residences in Dubai? What tests must to be carried out before purchasing an older property? Dubai is a bustling city with a thriving real estate market that offers a variety of houses for sale. There are a number of considerations to make when choosing between old...

Unprecedented Record Set As Jumeirah Bay Island Four-Bedroom Apartment Achieves New Heights A lavish penthouse with four bedrooms in the Bulgari Resort and Residences in Dubai just sold for an incredible Dh122 million. That Sets a new benchmark for the priciest ready penthouse sold in the city. The penthouse spans an entire floor, covering an area of 12,113 square feet. Indicating that the demand for...

Complete Project Details Set To Be Revealed On May 24th In a groundbreaking collaboration, Bugatti, the esteemed luxury automotive brand, joins forces with renowned UAE real estate developer Binghatti to introduce the inaugural Bugatti Residences in Dubai. Mate Rimac, CEO of Bugatti Rimac, expressed their aligned vision for creating exceptional living spaces. While Muhammad Binghatti's expertise in...

Palm Jumeirah is a man-made marvel, an island in the shape of a palm tree that has become one of the most sought-after destinations for property buyers. With a range of luxurious amenities, including beachfront living, high-end retail, and top-class dining options, Palm Jumeirah is a community that offers a truly unique living experience. In this guide, we will discover the latest off-plan and...

Armani Beach Residences At Palm Jumeirah Will Offer A Variety Of Homes And A Limited Number Of Penthouses. All Of Which Will Come With A Wide Range Of Inclusive Amenities. The Armani Group has disclosed an agreement with master developer Arada, based in the UAE, to create the Armani Beach Residences in Palm Jumeirah. The upcoming ultra-luxury residences will feature the work of Japanese Pritzker Prize...

Nakheel's Dedication To Improving The Well-Being Of Dubai's Inhabitants, Residents, And Tourists Is Demonstrated Through Its Initiatives. Leading master developer Nakheel has introduced the opulent Como Residences. Como Residences. A new luxury residential development on Palm Jumeirah in Dubai. The development offers an elevated waterfront living experience with privacy, exclusivity, and premium...

Luxury Dubai Property Demand Reaffirmed With Sale Of 8-Bedroom Mansion On Lanai Island A mansion in the Tilal Al Ghaf villa community has been sold for Dh200 million. Setting a new price benchmark for the Majid Al Futtaim Properties project. The sale confirms the continuing strong demand for luxury homes in Dubai. Particularly those priced at Dh100 million and above. This sale comes just days after the...

Engaging A Real Estate Agent Can Be Beneficial In Dubai Property Transactions. 1.    What Is The Commission Fee For Hiring A Real Estate Agent When Purchasing A Property In Emirates Hills, Dubai? In Dubai's Emirates Hills, a real estate agent usually charges a commission fee of 2% of the final sales price. Both the buyer and the seller typically pay that to their respective agents. As...

Dubai Is Well-Positioned To Accommodate 36000 Additional Hotel Rooms. Dubai's hotel industry is preparing for a lot of activity, and it is not just about keeping the rooms and suites open to receive more visitors. In what industry insiders refer to as the "next golden age" of the industry. There is a lot of activity going on in terms of new hotel projects being completed. Key Points In the first...

Michael Zager, Former IHG Executive, Joins The Developer To Lead Its Hotel Management Ambitions. Dubai-based developer Azizi Developments has recently announced its expansion into the hospitality sector. Through the launch of a new division focused on hotel management. The company has hired Michael Zager, a former executive of InterContinental Hotels Group (IHG), to lead its ambitious venture into the...

Buying Property In Dubai Is Now A Much More Streamlined Process. Query 1: Could you outline the procedures for purchasing a home in Dubai? I am a recent immigrant from the United Kingdom. The terminology employed by real estate salespeople to describe the buyer-seller agreement, land department registration, Ejari, and other terms has me perplexed. Response: Due to the use of cutting-edge...

Growing End-User Demand For Homes In The Dh1m-Dh2m Price Range Despite Rising Rents. Expo City is now the sought-after location for those looking for affordable homes in Dubai. The recently launched Mangrove Residences in Expo City offers one-bedroom units ranging from Dh1.39-Dh1.59 million, and two-bedroom units priced from Dh2.05 million to Dh2.55 million, competing with established areas such as...

A Stable Economy, 100% Foreign Ownership, Golden Visas, And Covid-19 Handling Attract European Investors To Dubai. Real estate market Dubai has seen a shift in its top investors in the first quarter of 2023. As per a report, British, Indian, and Russian nationals were the top investors, with Europeans and Russians overtaking those from the Indian subcontinent. This shift can be attributed to various...

Dubai's Real Estate Market, Which Began Its Remarkable Growth After The Pandemic, Has Shown No Signs Of Slowing Down This Year. According to Richard Waind, group managing director of Betterhomes, tenants in Dubai are looking more and more to purchase real estate out of fear of obtaining eviction notices from landlords as a result of the surge in rental rates. In both the sales and rental markets,...

Gated communities have become increasingly popular in recent years, especially in cities where the population density is high. One such community that has garnered a lot of attention is Sobha Reserve Villas in Dubai. Sobha Reserve Villas Dubai offers a luxurious lifestyle that is perfect for families. This gated community is located in the heart of Dubai and provides a safe, secure, and comfortable...

The 65-Storey Tower Holds The Distinction Of Being The Tallest Building In Jumeirah Village Triangle. Danube Properties, a leading private developer, has launched the ultra-luxury Fashionz tower in partnership with FashionTV. This move comes as demand for high-end and branded residential properties continues to drive the local real estate market. The tower is located in Jumeirah Village Triangle (JVT)...

Dubai Land Department Introduces a New Service to Authenticate Real Estate Advertisements Dubai implements QR code verification system to combat fake real estate advertisements. Dubai encourages property investment to enhance property deals. The Dubai Land Department has launched a new system called Madmoun. This employs QR codes to authenticate property details on all print and audio-visual...

Non-Resident Investors Find Dubai's Investor-Friendly Environment Appealing. 1.    Query I am a businessperson with holdings in the UAE and the US. I need to transfer money. Therefore, I may buy a $1,500,000 house in Dubai. Although I frequently travel there for work. I am not a resident of the UAE and have no plans to settle permanently...

Nabilla Leona Benattia-Vergara Acquires Penthouse At Damac Bay By Cavalli In Dubai Harbour Celebrities from across the world continue to invest in Dubai's luxury real estate market, with Nabilla Leona Benattia-Vergara joining a lengthy list of previous investors. With Omar Naguib, the founder, and CEO of ON Real Estate, Vergara—who is also the creator of the personal care company Nabilla...

Are you ready to take the next step toward your dream home? Look no further than the breathtaking destination of Dubailand, where luxury and sophistication come together to create a one-of-a-kind living experience. This sought-after area is home to world-class amenities, stunning architecture, and premium properties that are sure to exceed your expectations. With the top apartments for sale in Dubailand...

The Emirates Rent Law Clearly Lays Out Both Parties' Responsibilities. Query: Who is responsible for maintenance, such as AC, plumbing, and general upkeep, in the apartment that I am renting in Dubai? Response: Based on your question, it can be inferred that you are currently leasing an apartment in Dubai. Therefore, the regulations set forth in Law No. 26 of 2007 Regulating the Relationship between...

The Pandemic Caused A Significant Surge In Demand For Villas And Townhouses. As Residents Sought To Move Out Of Their Apartments And Into More Spacious And Independent Living Spaces. In Dubai's real estate market, there is a higher demand for two-bedroom apartments among both investors and end-users. This shift can be attributed to changing consumer preferences. Such as a growing inclination towards...

Becoming A Landlord May Not Be For Everyone, Despite The Allure Of The Potential Wealth. For a long time, real estate investment has been popular, but it has been limited to those who can afford it. However, with trends such as house flipping and short-term vacation rentals, real estate investment has become more accessible. This has attracted millennials looking for a second income stream during an...

Disputes Can Be Referred To Rera Rental Dispute Centre In Dubai. If you are a tenant and have been asked to vacate your villa due to the owner's plans to renovate the building, you must receive a 12-month notice period. According to Article 25, Law 33 of 2008 (Amendment of Law 26, 2007), if the landlord deems the property to be in a condition that requires restoration or comprehensive maintenance. That...

Golden Visas And Luxury Residences Are Boosting Dubai Off-Plan Property Sales, And More Are On The Way. The Dubai property market is currently experiencing a surge in off-plan sales. Developers offer discounts of up to 5-10% on down payments, along with a complete waiver of registration fees and other charges. Some projects even allow buyers to make down payments as low as 1% or a fixed amount of...

Dubai's High-End Housing Property Market Is Also Expected To See An Increase In Investment From European Investors This Year. Driven By High Inflation Rates In Their Home Countries. According to a recent market analysis, affluent Chinese investors are expected to drive a significant increase in the percentage of foreign purchasers in Dubai's most sought-after luxury home category in 2023. This is due...

The 3-Tower Cluster From Meraas Symbolizes D3’s Expansion To Full Mixed-Use Status Meraas Launches First Freehold Homes in Dubai's Popular D3 Office District. Dubai's sought-after d3 office district, known for its trendy boutique offices, is set to introduce its first-ever freehold homes. The master developer, Meraas, will initiate the first phase of the 'Design Quarter' at d3, which will feature...

Leasehold Properties Typically Have A Lower Initial Purchase Cost Compared To Freehold Properties. As an expat looking to buy property in Dubai, understanding the differences between freehold and leasehold ownership is crucial. Both options have their benefits and drawbacks, and it is essential to weigh them carefully before making a decision. Freehold Ownership Freehold ownership gives you...

By Q2 2024, The Dh2b, 365-Meter-Tall Ciel Dubai Marina Will Welcome Its First Visitors. The 82-storey Ciel Dubai Marina, which will be the world's tallest standalone hotel tower, is expected to have its operator identified by this summer. As there is reportedly heavy competition among the contenders. The development costs around Dh2 billion, and it will be completed in the first quarter of 2024. With...

There Has Been An Unprecedented Demand For Ultra-Luxury Properties. As Evidenced By Indian Billionaire Ambani's Purchase Of The Most Expensive Property Ever For Dh600 Million. Dubai's prime property prices are significantly lower by 20 to 80 percent. In comparison to major global cities, such as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing, and Tokyo. Even after experiencing a...

To Provide Premium Properties, Including Townhomes, Duplexes, 1-4 Bedroom Flats, And Penthouses Nine Yards, a real estate development partnership between Ethmar International Holding and Al Nahda International Holding, has announced the launch of Sea La Vie, a new residential project valued at AED 2 billion on Yas Island, Abu Dhabi. The project is expected to enhance the already-established reputation...

A Fledgling Start-Up In Dubai Is Poised To Shake Up The Lead-Generation Industry With Disruptive Strategies. The real estate market in the GCC is about to undergo a massive transformation. Thanks to Artificial Intelligence, Web3, and ChatGPT. Web3 technology-powered start-ups are making their way into the property market, signaling a major shift. However, the industry has relied on traditional and...

The Master Development Has A Completion Target Of Q2 2025. MAG, one of the leading real estate developers in the UAE, has announced the sale of 90 villa plots at its Dh3 billion luxury residential development, Keturah Reserve, in Mohammed Bin Rashid City, District 7 in Meydan. The plots, ranging from 480-1,080 square meters, offer buyers the opportunity to develop customized villas. That align with the...

While Dubai Develops New Waterfront Projects, Deyaar Creates The 52-Story "Mar Casa" Building. Dubai Maritime City is set to receive a new beachfront tower from Deyaar with a budget of Dh1.1 billion. The project, called Mar Casa, marks a potential new round of development activity at DMC. According to Deyaar CEO Saeed Mohammed Al Qatami, the tower aims to offer new opportunities for investors and...

Release Of The First Phases Of Freehold Clusters By The Master Developer Of The Expo Dubai Site The initial release of residential units for sale in Expo City Dubai starts at Dh1.2 million and above. This marks the first freehold sales of its kind. The first phase of the City was exclusively for the rental market and was utilized during the six-month Expo event. These new launches will be part of...

While Selecting An Agent, Strongly Advised That Investors Select An Area Specialist. A real estate agent's best function is advising and helping buyers and seller's market. Buy property for the right price, under the best conditions. A skilled agent should be able to assess the needs of the client. Take into account their financial status, and suggest solutions that are appropriate. The agent evaluates...

A Total Budget Of Dh515 Million Has Been Allocated For The Tria Project. Which Commenced Already And Is Scheduled To Complete In 2025. One of Dubai's top real estate companies, Deyaar Development PJSC, has announced the selection of the principal contractor for the Tria project. A distinctive luxury residential tower in Dubai Silicon Oasis (DSO). Tria, a 32-story integrated residential building at the...

The Feature Supports Dubai Economic Agenda D33 Aims Dubai Land Department (DLD) has introduced a new feature called 'Instant Sale' that utilizes smart evaluation technology to streamline real estate transactions without requiring audits. This feature applies to the sales of real estate units, including apartments and villas, located in freehold areas and facilitated through Real Estate Registration...

In Dubai, St. Regis Residences Takes Advantage Of The Ongoing Demand For Branded Properties. Dubai's super-premium property market is thriving in 2023. As Adventz Group's 'St. Regis Residences' sold Dh1 billion worth of units in the first hour of launch, with 70% of the 232 units sold. The tower, set for completion in 2025, features branded residences and continues to attract buyers in Dubai. Market...

Note that the developer shall return any money received by the buyer if a RERA ruling cancels the project. In Dubai, I intend to purchase an off-plan property. What occurs if the builder is unable to deliver the property? What rights do I have in this situation? Any off-plan property offered for sale by a developer in Dubai must record in the Interim Real Property Registry kept by the Dubai Land...

These Days, The UAE's Growing Base Of Rich Inhabitants Is Expanding Beyond Housing. The UAE has long been the centre of Middle Eastern shopping, but today's "shoppers" are just as likely to buy a private aircraft or a luxury boat there. To go along with the residences that are often purchased for between Dh100 million and Dh600 million. Since 2021, the number of ultra-wealthy people living in the...

Sales Will Be For 227 Homes At Uptown Tower, Which Is Adjacent To JLT. The 340-meter-tall Uptown Tower, Dubai's newest skyscraper, has begun taking reservations for its residential units. The top 28 levels of the "SO/ Uptown Dubai Residences" are home to 227 branded signature residences. The 340-meter building has 81 stories and will have conference facilities in addition to a 5-star hotel with 188...

These Are The Factors You Should Take Into Account When Choosing An Apartment To Rent In Dubai. Although Dubai is a city of alternatives and possibilities, it is not always simple to find what you are searching for. A house is more than simply a location you return to after work. it is also, where you will spend the next several years creating the majority of your memories. Although it is a monumental...

Over Two-Thirds Of Owners Polled Intend To Sell In Order To Capitalize On Market Conditions. A YouGov survey commissioned by Metropolitan Homes found that 64% of Dubai property owners plan to sell. 52% plan to do so in the next 12 months. The survey polled 300 UAE property owners and found that 90% would buy another property in Dubai. This is if they were able to sell their current property at a...

According To A Study, The Third-Most Expensive Premier Property Sold Last Year Was A Dh600 Million Villa On Frond N In Palm Jumeirah. The 25 most expensive properties sold worldwide last year included three Dubai properties. The famous Palm Jumeirah, which has been the main draw for foreign buyers of high-end real estate, is where all three of the homes were situated. According to Savills, Dubai's...

Numerous Product Introductions in Dubai Sports City inspires By The "Island Lifestyle." Samana Developers has launched two of its planned 12 project launches for the year. Taking inspiration from the Greek islands. The two projects named 'Santorini' and 'Mykonos' in Dubai Studio City will cost Dh320 million to build. Samana Developers aims to create island-style living with an environmentally...

Additionally, A Metropolitan Homes-Commissioned Survey Reveals That 90% Of Respondents Plan To Buy Another Home In The Emirate After Selling Their Current One. According to a YouGov survey commissioned by Metropolitan Homes, a new division of the Metropolitan Group concentrates on Dubai's secondary market. That catering to end-users, investors, and wealthy asset owners, nearly two-thirds of Dubai...

The Residences Are A Collection Of 33 Ultra-Luxury, Fully Furnished Two- To Six-Bedroom Homes, Penthouses, And Villas. That Are For Sale. Each Home Features Exceptional Design, The Best Materials, And Impeccable Service. Emerald Palace Group (EPG) has made a small cluster of 33 ultra-luxurious residences, penthouses, and villas available on the renowned Palm Jumeirah Island. A Dubai-based developer and...

You Are Just One Step Away From Fantastic Rental Deals Whether you are a local or have lived in Dubai for a while, its cutting-edge, secure, and welcoming atmosphere, along with its excellent attractions, quickly make it a place we can call home. Finding that great place to rent is a perfect justification for calling this magnificent city home. Discovering happiness and serenity is essential for any...

Rental Prices Are Not Projected To Fall In The Coming Months. Due to Continued High Market Demand and a Scarcity of Accessible Office Space. Can a foreign firm purchase commercial property on Dubai's Mainland? We intend to create a branch of our company and are searching for office space for 50 employees. It is a long-term software development and sales effort. What kind of rent can we expect to pay...

An Expert Describes How Property Management Companies Operate And How To Collect Rent While Traveling. I want to move back to my place of origin after just losing my job in Dubai. My villa has a loan on it, and I intend to rent it out. What steps are involved? Can I receive rent in my home country directly as an owner, or should I work with a Dubai property management company? I do not want to keep the...

With a 58-Storey Tower and Prices Starting at Dh2m, Sobha Enters JLT The Jumeirah Lake Towers are once again producing a large number of new launches, with Sobha Realty the most recent to do so with the Verde by Sobha, a high-rise. At over Dh2 million, apartment prices are at the upper end. The 58-story building will be located across from Cluster H. Ellington and Danube have also just launched at...

Why Do So Many People Choose To Live In JVC Dubai, According To Locals and Experts Several people of Dubai have been compelled to move to the suburbs due to rising rents. Jumeirah Village Circle is one of the locations that are now most benefited from the migration. With a burgeoning population, the neighborhood is thriving, and houses are available for rent that is substantially lower than in other...

The City's Luxury Lifestyle Is About To Undergo A Change Thanks To This Boutique Home Building. Beverly Boulevard, Arjan is the name of the newest residential development project by Dubai-based HMB Homes Real Estate Development. The company has a strong commitment to building a community that offers inhabitants the ultimate luxury and tranquility. This complex contains 271 total units, of which 262 are...

The Deal On A 4,790 Sq. Ft. Property Is One Of The Highest ‘Single-Unit Rents' In Dubai So Far In '23. As Palm Jumeirah rentals continue their strong trend into 2023, a penthouse at Omniyat Properties' One at Palm skyscraper has been rented out for Dh1.7 million. One of this year's "largest single-unit rentals" in Dubai is represented by the deal. The 4-bedroom, 4,790-square-foot penthouse was in...

Co-Living/Working Possibilities Are Becoming Popular Among New And Younger Inhabitants In Dubai. Following a difficult launch in the immediate wake of the Covid phase, "Co-living" choices in Dubai are once more vying for more visibility with renters. Co-living spaces will become increasingly prevalent in the city as landlord attitudes improve at a time. When prospective renters are looking for less...

According To Research, In The Dh20 Million And Above Luxury Property Market Segment, The Famous Man-Made Island Accounted For 30% Of Dubai's Real Estate Deals In 2022. According to a report published by a luxury property consultancy, Palm Jumeirah is the ultra-high net worth individual's (UHNWI) favorite target when investing in Dubai's ultra-luxury property market. As per luxury property consultants...

69-Story "Aire Dubai" Properties Triplex, Duplexes, And Penthouses Are Purchased As Part Of The Deal. A Dh650 million purchase for a group of units at a new tower complex on Sheikh Zayed Road was completed. Just over a month and a half into 2023 as per the city's real estate market.  Two duplexes, a triplex, and five full-floor penthouses spread across 11 storeys at the top comprise the "entire crown...

The Easiest Method To Find A Real Estate Agent Is To Start By Asking Your Friends And Family. For Referrals And Getting Their Feedback On The Property Agents They Have Used. The Dubai Land Department's Real Estate Regulatory Authority oversees rental rates in Dubai (RERA). If the property owner: Given you sufficient notice (often 90 days) before raising the rent His request is consistent with...

In The City's Burgeoning Real Estate Market, Proptech Is Emerging As A Game Changer. Investor confidence in Dubai's real estate market remains high. A new player is upending the market by using artificial intelligence (AI) to match homebuyers with their ideal properties. Realiste, is a real estate technology company established in Dubai. Not only enables customers to purchase the best off-plan...

A British Family Spends Dh90.1 Million On A Prestigious Property In The Neighborhood. Tilal Al Ghaf has become the new ideal location for foreign investors. After two additional prime villas were sold to European buyers for record prices. A British family and a European investor invested in premium villas at Lanai Island. As part of the Majid Al Futtaim-developed mixed-use development in Dubai. A...

Data From The Dubai Land Department Show That 1,999 Apartments And Villas Sold For A Total Of Dh4.59 Billion. While 311 Plots Achieved A Dh2 Billion Profit. According to data from the Dubai Land Department (DLD), the real estate market in Dubai had 2,785 real estate transactions. Totaling Dh10.3 billion during the week ending February 10, 2023. According to the DLD data, 311 plots were sold for Dh2...

Real Estate Experts Anticipate an Increase in Prices Of Up To 10% This Year Due To the Robust Demand In The Luxury Market. According to analysts, Dubai's real estate market will continue to expand this year. As end users and investors continue to invest in the residential sector of the emirate. Due to their strong belief in the country's promising economic future. Tourism, visa liberalization, and...

The Chairman Of Dubai's Largest Private Real Estate Company Believes The IT Sector Has A Bright Future And Describes Data Centers. As An Advancement Of The Real Estate Industry That Uses MEP Engineering And More Advanced Technologies. According to the company's chief executive, DAMAC Group sees a promising future for information technology. In addition, wants to invest $1 billion in the data center...

To The UAE, It is Predicted That the Event Will Draw More Than 120 Exhibitors from More Than 40 Nations. Including The United States Of America, The United Kingdom, Turkey, Cyprus, Portugal, Pakistan, And India, Among Many Others. That Offer Benefits To Potential Investors. The largest Middle Eastern property platform for local and international markets, the International Property Show (IPS 2023), is...

At The Majid Al Futtaim Project, An Indian Buyer Completes The Largest Transaction To Date. Dubai's new super-luxury residential neighborhoods are getting close to selling homes for Dh100 million or more. Early in February, an Indian family purchased an eight-bedroom villa on "Lanai Island". As part of the Tilal Al Ghaf master complex for Dh90.5 million. According to a representative of Metropolitan...

N.A., a resident of Dubai, has just received notice of a Dh14000 yearly rent increase. The foreigner said that her annual rent jumped from Dh70000 to Dh84000. While she has been residing in the same three-bedroom flat in the Zaabeel neighborhood for the past ten years. That is a 20% increase in rent from the previous year and is more than Dh1100 a month. The notice from N.A. is consistent with the...

Five Best Recommendations on How Tenants in the Emirate Can Save Big In The Event Of a Rental Increase With rent increases in Dubai reaching historic highs in 2022, tenants are receiving notices of increases ranging from 15% to 20% this year. According to Sarah Hewerdine, head of marketing at agency-owned real estate website Houza, accepting rent hikes can be a "difficult period" for tenants. They...

The Revised Rental Agreement Will Result In Monthly Or Quarterly Payments Becoming Increasingly Prevalent. Dubai has integrated the Central Bank's direct debit system with the Ejari real estate online registration system. Enabling landlords to debit rent straight from the tenant's account and do away with the requirement for post-dated checks. However, a major concern for tenants who make monthly,...

Imtiaz Developments breaks ground for its latest Dh 130 million residential projects, Westwood Grande by Imtiaz In Jumeirah Village Circle, Imtiaz Developments has successfully finished the groundbreaking construction of its brand-new architectural marvel. The achievement, spearheaded by Masih Imtiaz, CEO of Imtiaz Developments, heralds the start of an amazing journey. That will produce a magnificent...

The Cooperation Will Enhance The Growing Portfolio And Diverse Offering By Both Enterprises Via Development Of Three Communities Across 38.2 Million Sq. Ft. Of Land Dubai Holding has signed a legally binding joint venture agreement. A highly diversified investment company with a vast portfolio of assets valued at Dh130 billion, and Aldar Properties, the top developer, investor, and manager of real...

31 Penthouses And The Stunning Three-Story Sky Villa, With Nine Bedrooms And A Personal 13,000 Square-Foot Patio, Will Be Housed In The 27-Story Bvlgari Lighthouse. An apartment at the Bvlgari Lighthouse on Jumeirah Bay Island has been sold for a stunning Dh410 million ($112 million). Making it, the most expensive flat ever sold in the emirate. The nine-bedroom residence is 38,970 square feet in size,...

They Are Set To Resume Their Place On The UAE's List Of Top Property Buyers Once The Covid-19 Border Restrictions Are Lifted. Following their fall from prominence during the Covid pandemic, Chinese buyers appear poised to recover their place atop the UAE's list of top buyers of real estate this year. The Dubai-based company Driven Properties, which also has offices in China, claimed that investments...

If you want to live near water or the ocean, there are many waterfront homes available in Dubai. They offer you stunning views of the sea and all of the action that goes on in this vibrant city. These communities offer a unique vacation experience and serve as good investment options. Let us take a look at some of the most popular waterfront homes in Dubai. Waterfront Homes in...

With The New System, Tenants And Landlords Can Specify The Rent Payment Plan When Creating Or Renewing A Contract. Ejari, a mechanism for renting out real estate in Dubai, is now "completely linked" with a direct debit system (DDS). The UAE Central Bank's DDS does away with the requirement that tenants submit post-dated rental cheques, as the Khaleej Times reported in July of last year, according to...

The Growing Population Is Encouraging The Development Of New Projects And The Supply Of Residential Units In Dubai. Dubai's population officially reached 3.55 million in 2022. Moreover, more expats choose the emirate as their second home. It continues to expand at a rapid rate. Several new home developments by famous builders have been launched in the emirate to accommodate this growing population....

In 2026, Viewz Will Provide Apartments With Aston Martin-Furnished Interiors As Well As Sky Villas. Danube Properties inaugurated Viewz, its largest real estate project, on Friday, a set of twin high-rise towers that, when completed, will deliver apartments and Sky Villas worth more than Dh1.4 billion. The project will be launched in collaboration with Jumeirah Lakes Towers (JLT) master developer,...

The Middle East And North Africa Are Quickly Adopting This Revolutionary Technology. According to a survey by Future Market Insights, the worldwide prop-tech sector is anticipated to develop at a compound annual growth rate (CAGR) of 16.8% to reach $86.5 billion by 2032. In 2022, the amount was $18.2 billion. Over 10,000 vendors currently make up all startups and more experienced prop-tech...

Online Ads Received The Most Licenses, Which Is Surprising. According to data, the Dubai Land Department issued 9,047 real estate permits and 6,479 real estate licenses in 2022. An increase of 46.6% and 53.0%, respectively, over 2021 levels.  The rapid increase in permits and licenses is a reflection of the rising demand from international real estate investors. They are attracted by Dubai's robust...

Located In Dubai Harbour, DAMAC Bay Retains A Design Theme Inspired By The Wonders Of Marine Life Throughout, With An Interior That Features Seashells, Pearls, And Zebrafish Patterns And A Streamlined Façade That Honors Tranquil Ocean Waves. DAMAC Properties have formally declared the opening of DAMAC Bay by Cavalli. The 42-story, three-tower building, with an aesthetic created by the renowned Cavalli...

The beautiful skyscrapers of Dubai captivate people from all over the world with their beauty. People from all over the world are migrating to Dubai due to its stable economy, currency, and abundant job opportunities. Most people are attracted to luxury buildings. Like Dubai Apartments, Penthouses, and Sky Villas Dubai. The city of Dubai has plenty of places to choose from when it comes to luxury sky...

Wadi Al Safa 3 Has The Most Expensive Real Estate Deals. With 10,853 sales last year, the Business Bay community had the largest number of real estate deal in Dubai. Other areas in the top ten list of locations with the most transactions include: Dubai Marina (10,074) Al Barsha South 4 (7,338) Burj Khalifa (6,955) Al Merkadh (6,133) Al Hebiah 5 (5,868) Jebel Ali 1 (5,242) Hadaeq...

Viewz Residence by Danube Properties is the first-ever project in the Middle East to be branded by iconic British manufacturer Aston Martin. The development is located in Jumeirah Lake Towers, Cluster K, and offers a number of amenities and features. Viewz Aston Martin Tower is also the first-ever project to feature the world's largest apartment, which is located on the 69th floor. These sky villas are...

Landlords Discover Their Renters Are Winning The Majority Of Judgments Under The Existing Rental Index. Both landlords and tenants are closely monitoring the Dubai Rental Index to see if it will soon fully reflect the rent hikes observed in 2022. However, their motivations for doing so are very different. Landlords prefer that their existing renters pay 15–25 percent more than they did when they...

The Proposal Includes An Indoor Jogging Track As Well As Lush Green Meditation Areas. AIRE Dubai, the newest high-rise skyscraper from ALTA Real Estate Development, was revealed on Monday in Dubai. The project, which is located in Downtown Dubai, was designed by the Australian company McKimm and was built by Miami-based Arquitectonica. There are numerous amenities accessible, including a large pool...

Will It Be Another Record Year With 45 Purchases Involving Homes Worth Dh15 Million Or More? The Dubai property market is off to a rousing start in 2023. With 45 houses getting Dh15 million or more in the initial 15 days of the year. The perception is that the first quarter of 2023 will be just as robust for high-value residences. In the full year of 2022 when Dubai broke new records for the number of...

Property Prices In The Emirate Are Continuing To Soar As The Market Expands Rapidly In 2022. Certain parts of Dubai will continue to draw renters despite the overall increase in rental prices due to low rentals and high market demand because of the emirate's robust economic growth. In Dubai, the average rent for a villa last year was Dh268000. While the average rent for an apartment reached Dh90000....

There Are Currently 350 Real Estate Projects Being Constructed In The Emirate, Luring Millionaires And High-Net-Worth Individuals To Invest In One Of The Emirate's Expanding Economic Sectors. According to experts, Dubai real estate will play a significant role in achieving the objectives of the Dubai Economic Agenda D33. In addition, will draw billionaires and high-net-worth individuals for investment...

Women's Real Estate Investment Is Increasing By 50.7 Percent In Volume. In 2022, women's participation in Dubai's real estate market will be significantly higher. In the last year, 26,698 female investors filed 33,419 investments in real estate worth over Dh58.8 billion in the emirate, representing a 50.7% increase in volume and a 53% increase in value over 2021. According to Dubai Land Department...

Ellington Has Confirmed That Its First Project In JLT, Called "Upper House," Will Have 754 Units. A Dh1.2 billion residential project by Ellington Properties will include 754 units and be completed by early 2026 in the Jumeirah Lakes Tower high-tower neighborhood. The developer has hired Brewer Smith Brewer Group (BSBG) as the design company for the "Upper House" project. Additionally, this is...

The First Six Projects With New Housing Design Concepts Have Been Ramped Up For H1 2023, With 2,400 New Units Included In The New Developments. Samana Developers, a Dubai-based real estate firm, intends to unveil 12 new projects by 2023. Including five-star hotels totaling Dh2.5 billion ($680 million). Around 2,400 units are housed in the complexes. The builder issued its 2022 performance evaluation...

Are you considering moving to one of the most vibrant, diverse, and dazzling cities in the world- Dubai? With its constant stream of new development projects, an abundance of shopping malls, entertainment options, and luxury living opportunities is no surprise that so many people are choosing Downtown Dubai as their home. No doubt, it is an exciting option. However, before packing your bags and booking...

One-Cheque Contracts Have Clearly Increased As Landlords Demand Full Payment Upfront. In Dubai, landlords are much more likely to want a single cheque payment. Especially those who are renting out in freehold regions where demand continues to outpace supply in most places. Additionally, it indicates a considerable decline in the number of landlords. Who were once prepared to accept several cheque...

Deal Of $32.7 Million Shows That There Is A Market For Luxury Real Estate In The Emirate. Is the Dubai Water Canal the upcoming destination for wealthy investors seeking expensive homes? It certainly appears to be the case after a private family office acting on behalf of a "European billionaire" purchased two duplex penthouses. These apartments are a part of the Mr. C Residences Jumeirah. In which...

Are you an expat looking for a place to rest your weary head? Or perhaps you're a property buyer thinking of investing in Dubai real estate. Whatever the reason may be, if you are searching for vacation home rentals in Dubai, and then look no further. Here we will introduce you to some amazing accommodation options that will take your breath away and make any holiday feel truly special. From luxurious...

Four Ritz-Carlton Residences Issued In Dubai, Each With Moorings For 120-Foot Boats. Developers in Dubai are moving quickly to provide investors with increasingly opulent residences. MAG has recently produced four of them, each costing a staggering Dh200 million. They are a component of The Ritz-Carlton Residences on the Dubai Creekside, a complex of 12 homes. The most recent four mansions include...

The Emirates Real Estate Market Outperformed 2014 Peak Levels In 2022, Setting A New Record. Near 2022, Dubai had 97,400 real estate transactions totaling a staggering Dh265.7 billion. Along with many residents and investors choosing to purchase real estate in the city's core. Business Bay topped the list of the largest sales in 2022. With over 10,300 real estate transactions valued at Dh17.6...

When you want to make sure that you have the best property in Dubai, you may want to consider using the top property consultancies in Dubai. These firms have been in business for a long time and have made it through the tough times that have come with the rise of the real estate market. However, in this blog, we are going to discuss the top 5 consultancies in Dubai in 2023. Let us move on: Property...

Apartments For Less Than Dh2 Million That Also Have Private Pools Could Attract Buyers. Question: What will buyers of real estate in Dubai seek next? Farmhouses? Or residences on islands other than the Palm Jumeirah or Jumeira Bay? Houses that perfectly encapsulate "healthy living" Want a house next to a "beach" or "lagoon". Alternatively, affordable private pool apartments under Dh2 million? Or...

The Tenant Initially Turned Down The Owner's Offer, But After A Shift In Circumstances, She Now Wants To Stay. Three months before my lease was set to expire in November. My landlord sent me an email proposing to extend it for another year at a 10% increase in rent. I told my landlord through email that I had other arrangements at the moment and would refuse the offer to extend the lease. About 40...

If you are in Dubai or want to move, then you will need of perfect property to reside in. No matter whether it is rental, owned, or hotel accommodation. Therefore, you should consult any best property management companies. If you are considering hiring a property management company in Dubai, there are a few things to keep in mind. Firstly, you should look into the services the company provides.This...

Dubai is one of the most sought-after destinations for tourists and property buyers alike. However, with its rapid real estate development, it can be hard to know where to start when looking for villas for sale in Dubai in 2023. Villas are a great option if you want to invest in property or make your own home in Dubai. As they offer more privacy and space than an apartment. Whether you are looking for...

Azizi Hopes That The Project Would Become An Innovative Iconic Destination. For the masterplan consultation of its recently acquired, highly desired 15 million square foot block of land with 24 million square feet of GFA in the quickly developing Dubai South. Azizi Developments has contracted with KEO International Consultants. In charge of building the enormous, almost 20 billion dirham mixed-use...

The iconic tower has held the title of tallest man-made structure in the world for more than a decade. The tallest skyscraper Dubai's Burj Khalifa was inaugurated on this day (January 4, 2010), thirteen years ago. After more than ten years, it is still the most recognizable tower in the world. It holds ten world records, including the highest observation deck, the tallest service elevator, the biggest...

Real estate returns have surpassed 10% in the majority of Dubai's established neighborhoods, providing investors with enticing chances to increase their net worth. We identified those with the highest ROI by carefully evaluating the potential in each area (Return on Investment). Although there are always risks involved in investments, making wise choices can help to reduce the risk while maximizing...

For The Third Year In A Row, Dubai Developers Are Pushing Hard Offers To Increase Sales Momentum. Do you want to buy a home in Dubai? Then, as developers and individual sellers try to offset buyer concerns regarding rising property values, mortgage rates, and whether the world economy is headed for a recession. Some of the most significant incentives are available for the taking. The sweetened...

Are you looking for a dream home in Dubai? Then look no further. With its world-class attractions and stunning skyline, there is no doubt that Dubai is the perfect destination for expats, property buyers, and tourists alike. As the city ebbs towards 2023 and enters into an exciting new decade of growth, we are featuring some of the top hotel apartments for sale in Dubai. Offering everything that city...

The Development Includes Villas With Four To Five Bedrooms Tucked Away On White Sand Beaches. In its DAMAC Lagoons master development, DAMAC Properties announced the opening of the Ibiza residential cluster on Wednesday. Following the successful debuts of Portofino, Venice, Costa Brava, Marbella, Malta, Nice Townhouses, Santorini, and Monte Carlo. The most recent addition to the Mediterranean-inspired...

Are you looking to make the move of a lifetime and buy property in Dubai? With its stunning beaches, exquisite architecture, and thriving business scene, it is easy to see why so many expats choose this beautiful gulf state as their home. But when it comes to finding the right property for sale, there are top apartments for sale in Dubai. To simplify your search, we have rounded up the best apartments...

Sobha Hartland is a gated community that focuses on a comfortable and elegant lifestyle. It is one of Dubai's most significant communities, providing an inspiring lifestyle with noteworthy living options. The well-known building can be found in MBR and covers about 8 million square feet of space. With panoramic view of the Downtown, Meydan Racecourse, Dubai Canal, & Dubai Creek, it is among Sobha...

Due To Increased Demand From Hnwis And Foreign Investors, Real Estate Experts Anticipate An Increase In Home Prices And Rental Values. According to Zoom Property Insights, the high net worth individuals (HNWIs) and foreign companies' interest and rising demand are expected to drive up property prices. In addition, annual rent in Dubai in 2023, which will continue the city's upward trend. The luxury...

There Are Several Savings-Related Considerations To Take Into Account When Purchasing A Home. The best time to purchase a house is if you have enough saved for just a down payment. Even though there are many savings-related factors to consider before making a decision. Such that after the purchase, your overall financial condition won't suffer. Another important factor to think about is whether you...

According To The Founder Of The Organization, The Emirate's Robust Economic Recovery Following The Covid-19 Pandemic Has Been A Motivating Factor For Growing Real Estate Involvement. Al Habtoor Group, a well-rounded conglomerate based in Dubai, will invest Dh9.5 billion in three new projects and construct the residential skyscraper with the most units in the world. Al Habtoor City's initial project,...

The Goal Of The Strategy Is To Elevate Dubai To The Status Of A Global Real Estate Role Model. The Dubai Land Department (DLD) unveiled its updated strategic plan and vision. Defining its characteristics and defining its trajectories through 2026. The new strategy will be implemented in three phases. With each phase involving the creation of a strategic plan for the department by DLD's staff, partners,...