Dubai property, all signs already point to 2023 being a ‘Year of Off-plan’ It Is luxury-primed homes leading the charge in off-plan In just over 45 days, developers in Dubai have seeded the market with a range of luxury home options. Extending to super-luxury ones too. Dubai has always had a strong off-plan property market. A city constantly building for the future, it offers great...
Sheikh Mohammed bin Rashid announces Cabinet reshuffle Prime Minister confirms series of ministerial appointments. Shamma Al Mazrui becomes Minister of Community Development, after previously serving as Minister of State for Youth. Chris Whiteoak / The National Omar Al Olama has been appointed director general of the Prime Minister's Office, while retaining his position as...
Tenants can pay rent automatically through the Noqodi Ejari Direct Debit Service (DDS) Tenants in Dubai can now make their rental payments by direct debit, according to a circular shared by the Dubai Land Department on Monday. The new Ejari update features the Noqodi Ejari Direct Debit Service (DDS), which will allow tenants to pay rent automatically, via direct debit. The Direct Debit...
Sheikh Mohammed orders Dubai district to be renamed Hind City Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered that a district in the emirate be renamed. Al Minhad and its surrounding areas will now be known as “Hind City”. The city includes four zones, Hind 1, Hind 2, Hind 3, and Hind 4, and spans an area of...
Dubai Real Estate Topped $144B in 2022, 76.5% Hike ! Dubai real estate deals topped AED500bn for the first time last year. Dubai’s annual real estate transactions crossed half a trillion dirhams for the first time in 2022, according to official statistics. The Dubai real estate sector saw transactions worth a record AED528bn ($143.8bn) last year, a 76.5 percent increase from...
No bubble in UAE real estate: Prices are going higher Dubai real estate is still affordable relative to global markets and supported by the UAE’s positive economic outlook Contrary to popular belief, the UAE’s economic activity in the real estate industry has been resilient, suggesting that growth prospects for the upcoming year remain positive. Prices are steadily rising, and the landscape...
The Rise of Dubai’s post-pandemic real estate market While the pandemic took its toll on the global real estate sector, the industry in Dubai recovered fast. An unprecedented event, Covid-19 impacted every sector of society – real estate included. In 2019, the year before the outbreak, Dubai’s residential market experienced supply-demand issues and an excess of residential...
Mohammed Bin Rashid approves Phase II of Dubai 2040 Urban Master Plan with 20-Minute City Policy. Plan aims to develop a 20-minute city allowing residents to 80% of their daily needs His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, during the launch of the new phase Dubai; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice...
10 upcoming UAE Real Estate projects: Dubai’s biggest apartment, world’s biggest tower, luxury villas and moreDubai’s real estate market is booming, with property prices and rental values surging this year. Supply shows no side of slowing down as real estate developers continue to launch new projects around the UAE. Dubai tends to grab the headlines, with the city’s largest apartment planned...
Dubai’s new $5 billion ‘Moon’ proposed as UAE shoots for the stars. Moon Dubai’s lunar surface, surrounded by a “lunar colony,” is designed to handle 2.5 million guests, annually Image source: Moon World Resorts Inc. Dubai’s new $5 billion ‘Moon’ proposed as UAE shoots for the stars Dubai could have a $5 billion (AED18 billion) moon building in the form of destination resort,...
Dubai property sales hit $6.6 billion in AugustAugust was recorded as the highest performing month in terms of sales transactions volume and value in 12 years. Dubai’s real estate market recorded 9,720 total sales worth AED24.3 billion in August, global property digital business Property Finder said. August was recorded as the highest performing month in terms of sales transactions volume and...
UAE Tightens Real Estate Investment Rules; Brokers to report cash deals worth Dh55k and above Emirates issues new reporting requirements for transactions as part of its efforts to strengthen regulatory framework. The UAE has tightened real estate investment rules and asked the property agents, brokers, and law firms to report cash transactions worth Dh55,000 and above to the UAE’s Financial...
New Dubai Real Estate law to boost property investments as sector skyrockets. The law effectively creates a register for property investment funds, whose members will be given certain privileges to assist them in their investment activities in emirate’s real estate market New Dubai Real Estate Law To Boost Property Investments Dubai has introduced a new law to support the growth of real...
UAE Golden Visa now available directly from real estate developers UAE-based real estate developers are looking to make the most of the Golden Visa scheme by offering attractive Golden Visa benefits to eligible customers, including shouldering the cost of obtaining a UAE Golden Visa The Dubai real estate market recorded AED 22.7 billion sales in June – highest sales figures in the last 13 years...
Sheikh Hamdan launches 'Dubai Global' to cover 5 continents.Sheikh Hamdan launches 'Dubai Global' to cover 5 continents. The aim is to strengthen Dubai’s position as a global business hub by establishing a network of 50 offices around the world. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched “Dubai Global”, an initiative to establish 50 integrated commercial...
Dubai Property Market Transactions UAE’s diversified imports strategy, steps to boost its food security among the reasons for ‘cautious optimism’ when it comes to economic growth Dubai residential property market transactions reach AED61.9bn despite inflation concerns As the world grapples with inflation spikes, impact on UAE’s economy and Dubai’s residential property market seems limited...
Dubai real estate transactions hit 13-year high in April 2022 as new visa rules attract investors The top areas of interest for villas and townhouses in April 2022 were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, Damac Hills (Akoya by DAMAC), and The Springs, according to a Property Finder report Following the conclusion of Expo 2020, Dubai witnessed 6,983 real estate sales...
Dubai Ruler marks Eid with package worth $1.7B for Emiratis Sheikh Mohammed bin Rashid also approved the development of a new housing complex in the Al Khawaneej area 2, which will include 1,100 residential villas In his capacity as the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, has approved a new housing package worth $1.7 billion (AED 6.3...
Dubai’s Omniyat to announce three new luxury developments, reveals regional expansion plans Dubai’s Omniyat to announce three new luxury developments, Covid-19 gave Dubai’s luxury property sector a boost as wealthy individuals flocked to the Gulf city that managed the pandemic well, according to Omniyat’s executive chairman and founder Mahdi Amjad Banking on continued demand for...
Celebrating 50 Years of Incredible Growth in Dubai’s Real Estate Sector Guided by ‘Principles of the 50’, we can all look forward to a bright new era of political, economic, and social development which will, in turn, result in a more prosperous, peaceful, and sustainable future for all Since 1971, when the UAE was first formed, Dubai was poised to emerge as a global leader by capitalising on...
