Value of property transactions in Dubai hits four-year high for May Total number of deals in the emirate for the year stands at almost 21,000, worth $12.8bn Top areas of interest in terms of searches for apartments in May were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay and Jumeirah Village Circle May saw the highest value of property transactions in Dubai in four years,...
Dubai Real Estate Sales - Q1 2021 Emirate saw sales of more than 6,000 ready homes in the first quarter, worth AED13.5 billion, and 3,600 off-plan properties worth AED5 billion. The first three months of the year witnessed the highest recorded number of home sales transactions in Dubai since 2010, according to the latest Q1 real estate market report from Valustrat. As the emirate’s real...
The UAE government also announced that five years visas will be available for AED650 Ten-year visas for UAE residents are now available for AED1,150, the government announced on Sunday. The visas will be available for investors or their senior employees, as well as those with specialised skills or researchers in various scientific and knowledge fields. The visas will be available for their...
A total of 1,131 real estate and property transactions valued at AED3 billion were registered during the week ending 24th March, 2021. 115 plots were sold for AED548.96 million, 721 apartments and villas were sold for AED1.25 billion. The top three transactions were a land in Palm Jumeirah sold for AED55 million, followed by a land that was sold for AED32 million in Palm Jumeirah, and a land sold for...
Off-plan property transaction now make up almost half of all residential sales in Dubai, with buyers taking advantage of increasingly generous payment plans, according to listings portal propertyfinder.ae. The company said cheaper homes and lower deposit requirements were driving investors towards off-plan deals. It said median prices for homes have fallen by 20% between November 2015 to April 2017,...
For developers, ready properties have become a large chunk of their sales turnover Dubai: UAE’s off-plan properties are seeing high demand from individual investors, who are selling these units even before completion, according to a Property Finder report. “Over the years, investors have increasingly chosen to ‘flip’ their properties and participate in secondary off-plan sales where...
First-time buyers looking to invest in Dubai property should be aware of several elements While Dubai’s real estate sector is enjoying an increase in completed residential properties, there are many elements that a new purchaser should be aware of when considering purchasing a property such as the following. Power of attorney Foreign first time purchasers should bear in mind that they can actually...
The UAE has adopted citizenship law amendments' The UAE has adopted law amendments that allow granting Emirati citizenship to investors, specialized talents and professionals. The professionals include scientists, doctors, engineers, artists, authors and their families. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced...
