Mercedes-Benz Announces Massive New Branded ResidencesRising to an height of 341 meters and spanning 65 storeys, Mercedes-Benz Places in Dubai promises to be an masterpiece that will redefine the skyline of Downtown. Binghatti Properties, one of Dubai’s largest real estate development companies, and luxury automotive company Mercedes-Benz have announced the unveiling of a groundbreaking project...
An Uptake in Off-plan Transactions in Dubai. Having an updated overview of the Dubai real estate market’s status is surely something important; it allows you to take decisions regarding renting, buying, or investing based on data and insights. Through this quick and inclusive guide, you will know all about the market’s performance and trends during Q2 2023. Highlights The real...
DEWA: Frequently Asked Questions and Answers It’s time to move into your new place in Dubai! Everything is finally ready, but you’re confused about how water and electricity will be managed in your new home. Lucky for you, it’s as easy as can be thanks to DEWA. Here’s everything you need to know. What Is DEWA? DEWA stands for Dubai Electricity and Water Authority. It is a government...
Ejari in Dubai: If you’re a tenant or landlord in Dubai, you have likely heard of Ejari! In this article, we will provide you with all the information you need to know about Ejari registration in Dubai. To cut a long story short, we will walk you through the system step by step to make sure all your questions are answered. Keep reading for more clarity about one of the main tenancy systems in...
Dubai is a Blueprint for the City of the Future: Sheikh Hamdan Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has announced the latest stage of an ambitious strategy aimed at helping the emirate “surpass the world's leading cities”. Sheikh Hamdan said the third phase of the Dubai 10X initiative would be crucial in its long-term goal to “lead the world in government services”. He laid out...
World's super rich 'to spend $2.5 billion' on Dubai property in 2023 The emirate’s transport infrastructure, tourism hub credentials and pandemic recovery are main drivers of investment, Knight Frank says The Palm Jumeirah is one of the most preferred areas for wealthy investors seeking to buy property in Dubai. Global high-net-worth individuals (HNWIs) plan to spend $2.5 billion...
Binghatti unveils new exclusive Bugatti Residences for wealthy buyers. The ultra-luxurious residences in Dubai is nothing less than a “megaproject,” Binghatti chief tells Arabian Business. Bugatti, the renowned French luxury car brand, has joined forces with Binghatti, a prominent UAE real estate developer, to unveil a vision that will redefine luxurious living: the world’s...
Dubai Metro Transports 2 Billion Passengers Dubai Metro reaches historic landmark as it transports more than two billion passengers Dubai Metro has transported two billion passengers since it first opened on September 9, 2009. The RTA revealed the metro’s Red Line transported 1.342bn commuters, while the Green Line served 673.531m commuters. Additionally, the Dubai Metro has...
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...
