Real Estate News Dubai


2020 will mark the beginning of a new developing decade Sheikh Mohammed said

2020 will mark the beginning of a new developing decade Sheikh Mohammed said

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a zero-deficit federal budget of Dh 61.354 billion for 2020 fiscal year. This is the largest budget since the establishment of the UAE.

Dubai property sales hit highest mark since 2008

Dubai property sales hit highest mark since 2008

There were 4,774 property sales recorded with the Dubai Land Department (DLD) in October, the highest since 2008, according to statistics from Data Finder, the real estate insights and data platform under the Property Finder Group. There is a lot of new supply in the market that is priced affordably and as we get closer to Expo 2020, we have seen many consumers decide this is the right time to buy.

Smart Dubai to promote use of advanced technologies in real estate

Smart Dubai to promote use of advanced technologies in real estate

Dubai - Smart Dubai has signed a partnership agreement with real estate portal Property Finder to promote the use of advanced technologies to enhance people real estate journey. Smart Dubai first announced plans to partner with Property Finder in April 2019 as it launched the Dubai Data Private Sector Strategy and Policy, with the objective of creating new data products for the vital economic sector.

Budget Education gets front bench in UAE

Budget Education gets front bench in UAE

Education Support Fund set up in UAE Dh61.4b zero-deficit budget that focuses on social welfare. The UAE Cabinet on Tuesday approved a Dh61.35 billion federal budget for 2020 and established an Education Support Fund to encourage partnerships with the private sector.

UAE, the best Middle Eastern country to do business

UAE, the best Middle Eastern country to do business

According to the latest report of World Bank, in the Mena Region, UAE is still the best place to do business. The UAE has introduced four new reforms in the recent 12 months. As World Bank has said, the UAE has introduced business regulatory reforms that serve as inspiration.

Salaries Raise In 2020 by 4.5 Percent

Salaries Raise In 2020 by 4.5 Percent

As you probably know, the UAE has been always known as a country with highest salaries. The salaries offered by this country to the employees are not only the highest in the region, but also they are considered high in the world. It is interesting to note that the salaries in the UAE even increase yearly or at least on a regular basis.

Dubai riches is assured to become a stronghold over the next ten years.

Dubai riches is assured to become a stronghold over the next ten years

The emirate - thanks to its stature as a safe investment destination and overall positive business environment - is among eight cities that are "expected to grow strongly over the next 10 years", data intelligence firms New World Wealth and Webster Pacific say in their report called 'The wealthiest cities worldwide in 2019

Dubai The City Of The Future

Dubai The City Of The Future

Why is Dubai called the City of the Future? What makes this region stand out from other nations in the Middle East? How has Dubai progressed to achieve global levity and recognition in many areas?

Sheikh Mohammed Announces New Dubai Award

Sheikh Mohammed Announces New Dubai Award

The Prime Minister and Rule of Dubai announced a Dubai appreciation award which will be presented for community service. It was a Decree issued by the Board of Trustees in Dubai. The award is the ‘Dubai Appreciation Award for Community Service’. This award will honour any person or organisation that has demonstrated their dedication towards social responsibility.

UAE Tops In Digital Competitiveness Report

UAE Tops In Digital Competitiveness Report

The UAE has grabbed the top spot for digital competitiveness in the Arab region, and has been ranked in 12th place globally. This was recently issued in the IMD World Digital Competitiveness Ranking report for the year 2019. The UAE was ranked 17th in the 2018 report, and has advanced 5 spots to take its place at number 12 in 2019.

District 2020 Looking Beyond The EXPO

District 2020 Looking Beyond The EXPO

According to officials, the Expo 2020 site will be reused as the city of the future. It will be referred to as the District 2020 project. Officials have decided to invest in the district once Expo 2020 comes to an end. It is a mega project that plans to leave its own legacy on the country.

New Long-Term Visa For Artists Announced In Dubai

New Long-Term Visa For Artists Announced In Dubai

A long-term visa scheme will be launched in Dubai for artists and creative people. The Prime Minister and Rule of Dubai discussed this decision at a meeting in the Dubai Culture and Arts Authority. Aside from the launch of the visa, His Highness agreed to plans to set up a creative free zone. There will be a book fair and other events related to the literary season.

Dubai Attracted Dh46.6 Billion FDI In H1 2019

Dubai Attracted Dh46.6 Billion FDI In H1 2019

Dubai has attracted foreign direct investment or FDI worth a record $12.7 billion or Dh46.6 billion in the first half of 2019. This growth has shown an increase of 135% compared to the first half of 2018. The progress made in Dubai is insurmountable. The country continues to grow and break records as a top most attractive city to attract foreign direct investment. Dubai is placed third in global rankings related to capital flow and Greenfield projects.

Cityscape Global - Developer Turn To Issue Cheques To Property Owners

Cityscape Global - Developer Turn To Issue Cheques To Property Owners

With many projects in the pipeline coming to a close, it is the developer’s turn to offer potential buyers incentives to give them a boost in buyer sales. The focus of the property developer is to offer buyers rental guarantee schemes. How does the developer go about issuing cheques to the buyer?