Real Estate News Dubai


Dubai Metro likely to reopen in a week, public transport guidelines issued

Dubai Metro services could reopen as early as next week, according to authorities, who issued a set of guidelines in Dubai yesterday. The document, accessed by Khaleej Times, details protocols to be followed across the transport sector, and applies to the reopening of metro, bus and taxi services.

Sheikh Mohammed approves draft law for national safety

Sheikh Mohammed approves draft law for national safety

The UAE Cabinet has approved a draft law on the protection of national safety to guarantee the protection of society in cases of disasters and any healthcare, economic and environmental threats to the country. During a virtual meeting held today, the Cabinet also hosted a group of frontliners to thank them for their tremendous efforts. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired the remote meeting.

UAE banks will ease construction sector payment issue

UAE banks will ease construction sector payment issue

Banks in the UAE are going to take the lead position in ensuring funds flow through the construction sector smoothly, and where possible allow contractors to overcome the constant problem of delayed payments. The new attitude on the part of banks come into being as part of the additional responsibilities on the sector following the COVID-19 outbreak and what it has meant for the economy.

Dubai tops in number of branded residency projects

Dubai tops in number of branded residency projects

Dubai leads all the major global cities for having the highest number of branded residency projects, surpassing all major cities. According to property consultancy Savills data, the emirate has 44 branded residency projects - both which have been completed and those which are in the pipeline – followed by New York with 31 projects. Other top 10 global cities are Miami (24), Phuket (16), Bangkok (14), Istanbul (13), London (12), Boston (11), Bodrum (8) and Kuala Lumpur (8).

Dubai homeowners will not have to pay fines on service charges this year

All penalties imposed on homeowners in Dubai for service charge violations are being waived this year – this is part of a joint initiative between RERA (Real Estate Regulatory Agency) and a grouping owners association (OA) management companies.

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.