Dubai’s Omniyat to announce three new luxury developments, reveals regional expansion plans 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 ultra-luxury properties, Dubai-based Omniyat Group is planning to launch...
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...
Tips For the Most Profitable Real Estate Investment in Dubai Want to try the most profitable investment option? Discover why Dubai is the best variant in this niche and where an investor should start. Real Estate as the Best Current Investment Option Searching for a real estate property investment opportunity? As Reuters poll of analysts states, in 2021 the house prices in Dubai will rise for the...
Buying an Apartment in Dubai : Those who are looking to live or invest in a vibrant area with low taxes should consider buying an apartment in Dubai. Home to people from different countries and cultures all around the world, Dubai is among the world’s most exciting cities. Dubai is welcoming to foreigners who want to invest or live in the country. Dubai allows foreigners to...
Dubai’s weeklong property deals touch Dh4.7b A total of 1,188 real estate and property transactions were valued at Dh4.7 billion in total during the week ending August 11, 2021, according to the Dubai Land Department (DLD). The weekly DLD report said 116 plots were sold for Dh654 million, 1,072 apartments and villas were sold for Dh2.28 billion. The top three transactions were a land in Island 2 sold...
Palm Jumeirah scores hat-trick of Dh100m+ sales in first-half of 2021, with priciest at Dh119.5m Palm Jumeirah make up seven of Top 10 home sales in Dubai as luxury grows in demand Dubai: Dubai’s property market recorded three Dh100 million deals in the first six months of 2021, with all three being on the Palm. The priciest deal was a whopping Dh119.5 million for a 12,138 square foot home -...
Dubai Real Estate Back in Demand; Prices to go Up The Dubai real estate market is gaining momentum as the emirate emerges from a Covid-19 induced slowdown and will stage a strong rebound in second half due to stimulus packages, visa reforms and strong demand from end-users and investors, experts say. Leading developers, executives and analysts said residential segment has already bottomed out and...
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...
