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 real estate market sees $4.5bn deals in January, the most on record. Property Finder says Dubai has seen 5,797 sales transactions worth AED16.7bn during January. Dubai’s real estate market has witnessed its strongest start to a year on record, driven by the impact of Expo 2020 Dubai, according to new figures. January has seen 5,797 sales transactions worth AED16.7 billion ($4.55...
SLS Dubai Hotel and Residences is one offering fractional rights to units in the building. Dubai: The first title deeds are being issued in Dubai under ‘fractional’ property ownership, which could dramatically add to the investor base in the local real estate market. In its simplest form, fractional ownership allows multiple investors to acquire an apartment, villa or other property types, and with...
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...
Dubai Real Estate Retains its Charm Leading nations keep investing in Dubai real estate as Expo boosts sentiments. Troupe of foreign investors was led by the subcontinent as Indians and Pakistanis, who make up for 20 to 30 per cent of total investors in the Dubai real estate sector, continued to pour money in growing market of the region Global investors flock to invest in Dubai real estate market...
Best Hotels Launched in Dubai for Expo 2020 If you’re not living in Dubai, you must be searching for a perfect hotel to stay at while attending the event. There are many new hotel openings in 2020 and 2021 so you have a lot of options! To make it easy for you, here are the hotels that are launching for Expo 2020: 1. Rove Expo 2020 The surprises at the Expo are still on; finally now you can...
Villas set to lead Dubai real estate growth as Expo opens; Dubai villa segment has a bright outlook and is expected to record up to 50 per cent growth during the fourth quarter as investors and end-users look for best options in areas near to Expo 2020 site, says a latest report. Villa segment is expected to drive strong growth in Dubai real estate sector during the fourth quarter as consumer and...
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...
Buoyancy Returns to Dubai Realty | Transactions during March were at a 10-year high as strong market growth continued, Property Monitor monthly market report said. The Dubai property market continued to strengthen in Q1 2021 to record the first yearly price increases since 2015 while displaying new and promising markers for growth each month. In March, with a rise of 1.3 per cent to Dh873 per sqft,...
Its Binghatti Avenue project was earlier scheduled for completion in fourth quarter 2022 The Binghatti Avenue is heading for an April 2022 completion. Dubai: Binghatti Developers plans to start handover of the second phase of its Binghatti Avenue - months ahead of the deadline. The project is located in the Al Jaddaf area of Dubai Healthcare City, and takes up a builtup area of about one...
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...
The move from the UAE to grant permanent residency has been welcomed by the business community, but what impact will it have on the real estate market? According to the latest report published by real estate portal Property Finder: the UAE’s move to grant permanent residency to wealthy investors and entrepreneurs is a good step forward and likely to boost the fortunes of its property market. Around...
