Dubai Real Estate

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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....

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...

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...

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...

268 Studios, 65 Two-Bedroom Apartments, 203 One-Bedroom Apartments, 13 Three-Bedroom Apartments, And 4 Duplexes Will Deliver. Private developer Danube Properties, based in Dubai, reported that its most recent Dh550 million project, Elitz by Danube, had sold out at the launch. Indicating that demand for the more affordable segment is still strong in the emirate. Project will build on a...

By Imposing A Limit On The Number Of People Permitted In Each Residential Unit, The Government Implores Citizens, Property Owners, And Businesses To Abide By The Law. To combat overcrowding in residential areas, Abu Dhabi's Department of Municipalities and Transport (DMT) on Thursday launched the "Your home, your responsibility" campaign. Infractions will be subject to fines of up to Dh1 million. As...

In 2022, Dubai Was Rated As One Of The Top Three Cities In The World For "Executive Nomads" To Live. A "remote working hub" established in the Emirate by the US-based online market for homestays and experiences, Airbnb. In collaboration with the Department of Economy and Tourism of Dubai (DET). According to DET on Wednesday, December 21, the new remote working hub will offer accommodation details...

Currently, 103,975 Rental Lawsuits Have Been Filed In The Center, With 92,732 Of Those Being Primary Lawsuits And 11,243 Being Appeal Lawsuits. In its nine years of operation, Dubai's Renting Disputes Centre (RDC), created the first smart judicial rental system in the world. That has resolved 100,000 rental claims, boosting investor trust in the emirate's legal framework. The 5.2 million registered...

The First Phase Of The Innovation Hub Is Home To Google, HP, Gartner, China Telecom, And Other Companies. The Innovation Hub Phase 2 in Dubai Internet City has officially begun construction, according to TECOM Group's Monday announcement. The update was made public at a time when a significant number of foreign businesses and investors were. That is drawn to Dubai by its business-friendly...

Most Apartment Deals Recorded By Jumeirah Second. For the week ending December 9, 2022, 3,186 real estate transactions totaling Dh91 billion recorded in Dubai. Data indicated that 2,233 flats and villas sold for Dh4.64 billion, while 419 plots were sold for Dh2.24 billion. The highest-priced deal of the week was the sale of a piece of property in Marsa Dubai for Dh265.69 million. That followed by...

Due To Rising Prices Driven By HNIW And Foreign Investor Demand, The Market Is Poised To End The Year On A High Note. The Dubai real estate market is poised for a strong 4th quarter and end to the year with a nearly 1.8 % price increase in October. As well as similar trend in November as investors and end-users proceeded to invest in the emirate's real estate sector. According to the most recent...

Buying property in Dubai is a big decision, as well as a major investment. When you are in the process of making such an investment, you should know a few things. These include Maintenance standards, the Cost of living in Dubai, Getting a loan or mortgage, and much more. Therefore, this article is a complete guide when you decide to buy property in Dubai. Read this article carefully, until the end. Let us...

Gaurav Aidasani Claims That If Anything, European and Russian Buyers Increased Their Activity in Q4–22 Those overseas buyers must continue if the real estate market in Dubai and the UAE is to maintain its momentum through 2022. Developers are investing significant resources in new launches. Because they anticipate a repetition in 2023 and are not particularly concerned with the difficulties of the...

Dubai's Most Sought-After Neighborhood For Rental Properties Is Still Palm Jumeirah. According to Zoom Property Insights, the Dubai rental market is still on the rise. As average rent increases by 27% this year. In addition, demand increases significantly in line with the emirate's robust economic activity. The average cost of renting an apartment has risen to Dh91795. While the cost of renting a...

Confirms 50,000 Square Foot Unit at Its Dh5b Orla Project, Its Third on Palm Jumeirah Omniyat Properties' new project, the Orla, on the Palm Jumeirah, features a 50,000-square-foot penthouse that the company hopes will break further records. The penthouse spans three storeys and is erected above that built-up space. That would be the biggest of its kind in the Middle East and the United Arab...

The Famous Construction Project Covers An Area Of Eight Million Square Feet. It Has 90 Acres Of Green Space And Open Areas And Offers Villas With Five To Six Bedrooms. Additionally To One- To Four-Bedroom Apartments. Sobha Realty introduced Sobha Hartland II, yet another master-planned mixed-use property, on the 2nd day of Cityscape Dubai. The famous project spans an area of eight million square feet...

Choosing the right real estate agents in Dubai is an important decision. This can be a daunting task, especially when you have many options. You want to find the best agent to help you get the most out of your property. You may have heard some of the more common names and brands but are not sure whether they are the right choice for you. This is why you need to take into account several factors when...

Last Week's Top Transactions In The Emirate's Artificial Islands Included Both Land And Ready Properties. The most recent data from DLD showed on Friday that Palm Jumeirah continues to be the preferred location in Dubai. For extremely wealthy real estate investors. According to statistics, Dubai's man-made island continues to be the location of choice for strategy-based sales. As well as for apartment...

In Dubai, average prices per square meter are not applicable to real estate properties. There are two categories of real estate properties: investment properties and self-use apartments. Investing properties are the most common type of real estate property purchased by buyers. The cost of Dubai apartments is different in different areas. These properties are usually located in popular neighborhoods...

Customers Will Have To Wait Because Alpago Intends To Sell Shortly After Palm Flower Is Finished. As per the developer Alpago Properties, the most recent ultra-luxury penthouse on Palm Jumeirah will cost Dh250 million. The developer has set prices for the 10 units that comprise the 11 storeys of the “Palm Flower” project. Who recently sold a fresh villa on the Palm for Dh302.5 million. Sales will...

A Lot Of People Continue To Be Interested In The Projects In Business Bay, Downtown Dubai, And The Dubai Water Canal. Off-plan homes in sought-after areas of Dubai are in greater demand than ever with prices rising by nearly 50%. According to reports, Dubai off-plan market expanded by more than 130% in the first half of 2022.  Including over 130,000 units coming from almost 85 projects that had...