Dubai Properties

Manila Has Ranked First Globally In Knight Frank’s Prime Global Cities Index. Dubai's real estate market has experienced an extraordinary 124% surge in property prices since 2020. However, recent data from an international property consultancy indicates a slight moderation in this rapid growth. After an impressive 15.9% increase in the first quarter of 2024, Dubai's property prices saw a marginal...

Dubai has rapidly emerged as one of the world's leading markets for luxury real estate, a transformation fueled by aan influx of millionaires since 2020. Despite a significant rise in prices—up 17.4% last year—the city continues to offer outstanding value compared to other global cities. Dubai luxury properties, currently priced at approximately $850 per square foot, provide a unique combination of...

Are you a discerning German investor seeking lucrative real estate opportunities? Dubai, the vibrant city of dreams, offers a wealth of freehold properties that promise exceptional returns on investment and a luxurious lifestyle. With its strategic location, world-class infrastructure, and tax-free environment, Dubai is a haven for international investors. Binayah Properties, a leading real estate company...

The Dubai Land Department Has Instructed Real Estate Agents To Eliminate Any Fraudulent Property Listings Dubai's real estate landscape is undergoing a significant shake-up as the Land Department issues a stern ultimatum to real estate agents: remove unavailable properties from online listings within a strict three-day window. This directive, emanating from recent investigations by the Real Estate...

UAE Says, "No Need For Big Money Upfront To Live Here!” Guess what? The UAE just made it easier for people to get a property with golden visa. No more stressing about coughing up a huge amount before you can stay here. You used to need to pay AED1 million ($272,294) just to start the process, but not anymore! Now, all you need is a property worth AED2 million or more. It doesn't matter if it's a...

Dubai Luxury Developer Shifts Focus to Construct Keturah Tower Project in Downtown. Dubai-based luxury developer MAG has successfully divested its Business Bay plot, generating a substantial Dh365 million from the transaction amid significant value gains across Dubai's prime locations. Originally planning a 'Keturah '-branded high-rise in Business Bay, MAG has redirected its focus to Downtown Dubai for...

Dubai, with its captivating skyline, opulent lifestyle, and lucrative economic prospects, stands as a beacon for global real estate investment. Are you contemplating a relocation or venturing into real estate investment? Let's delve into the compelling reasons why choosing to purchase properties in Dubai might be the perfect decision for you. Reasons to Purchase Properties in Dubai 1. Unmatched...

The Emirate Surpasses San Francisco, Amsterdam, Los Angeles, Washington, Melbourne, Zurich, And Sydney In The Rankings Dubai Earns Prestigious Spot in Top 10 Global Cities for Livability, Lovability, and Prosperity, as per the World's Best Cities Report by Resonance. Dubai outranks prominent cities such as San Francisco, Amsterdam, Los Angeles, Washington, Istanbul, Vienna, Toronto, Boston,...

Property Agents Camped Outside Nakheel Offices Overnight On Wednesday, Eager To Secure A Property On The Highly Anticipated Island. A Dubai-based real estate agent, Craig Brown of The Luxury Collection, achieved a remarkable sale by securing a 23,000 sq. ft. plot on frond M of the highly anticipated Palm Jebel Ali project for an astounding Dh42.5 million. The buyer, a UAE resident who is a High Net...

Online Service Enables Homeowners to Plan Their Budget for Expenses More Effectively If you are considering buying property in Dubai, it is essential to factor in the service charges associated with maintaining and managing the property. The Dubai Land Department (DLD) offers prospective homeowners access to a Service Charge Index, accessible through the DLD website or their app, 'Dubai REST.' Here is...

By The End Of October, The Company Will Have Delivered 688 Extra Residential Units. Prominent UAE real estate developers, MAG, have announced the successful handover of 546 townhouses within the esteemed MAG City development situated in District 7 of Mohammed bin Rashid Al Maktoum City, Meydan. Comprising 904 residential units spanning studios, one- to two-bedroom apartments, and 694 townhouses....

In Response To Market Demand, The Developer Introduces 182 Single-Row Townhouses As the UAE experiences strong demand for real estate, Dubai Properties has launched the final phase of townhouses at its Mudon master complex. A Dubai-based developer said in a statement on Tuesday that Mudon Al Ranim, which consists of 182 townhouses with three and four bedrooms, is the culmination of the Mudon community....

In H1 2023, The Emirate Witnessed 76,119 Real Estate Transactions, Totaling Dh283 Billion In Value. Due to foreign investments and an increase in inhabitants who are switching from tenants to owners, Dubai's real estate market has been expanding at an exponential rate. According to the most recent information provided by the Dubai Land Department, the emirate had 76,119 real estate transactions...

Demand Surges as Dubai's Waterfront Locations Reach New Heights in Property Deals Dubai's real estate market continues to soar as a penthouse on Bluewaters Island sold for a staggering Dh80 million. Spanning an impressive 9,252 square feet, the luxurious four-bedroom unit was successfully sold by B1 Properties. Bluewaters Island, along with Madinat Jumeirah Living, has become a sought-after waterfront...

Dubai Islands By Nakheel Marinas To Feature 248 Wet Berths For Vessels Dubai, May 24, 2023: Nakheel, the esteemed master developer, proudly launched Nakheel Marinas Dubai Islands, a remarkable marina destination, on Wednesday. Nestled along the scenic northern coastline of Dubai, this new marina offers a host of exceptional facilities for boat and yacht enthusiasts. Designed to accommodate a maximum...

Industry Executives Praise Simplified and Hassle-Free Dubai Property Buying Process Mohammed Iqbal and his wife, who had been contemplating purchasing property in Dubai for a while, finally decided two years ago after careful financial planning and consideration. The impact of the pandemic prompted them to save up and take the leap. They evaluated factors such as return on investment, forex rates, and...

Dubai, the bustling metropolis known for its stunning skyscrapers, luxurious lifestyle, and thriving business environment, has become a sought-after destination for real estate investment. With its robust market, strategic location, and attractive rental yields, investing in Dubai properties can be a lucrative opportunity for both local and international investors. In this comprehensive guide, we will...

Step-By-Step Guide To Buying Resale Properties In Dubai What elements ought buyers to think about while choosing between older and newer residences in Dubai? What tests must to be carried out before purchasing an older property? Dubai is a bustling city with a thriving real estate market that offers a variety of houses for sale. There are a number of considerations to make when choosing between old...

Nakheel's Dedication To Improving The Well-Being Of Dubai's Inhabitants, Residents, And Tourists Is Demonstrated Through Its Initiatives. Leading master developer Nakheel has introduced the opulent Como Residences. Como Residences, A new luxury residential development on Palm Jumeirah in Dubai. The development offers an elevated waterfront living experience with privacy, exclusivity, and premium...

Dubai Is Well-Positioned To Accommodate 36000 Additional Hotel Rooms. Dubai's hotel industry is preparing for a lot of activity, and it is not just about keeping the rooms and suites open to receive more visitors. In what industry insiders refer to as the "next golden age" of the industry. There is a lot of activity going on in terms of new hotel projects being completed. Key Points In the first...

Michael Zager, Former IHG Executive, Joins The Developer To Lead Its Hotel Management Ambitions. Dubai-based developer Azizi Developments has recently announced its expansion into the hospitality sector. Through the launch of a new division focused on hotel management. The company has hired Michael Zager, a former executive of InterContinental Hotels Group (IHG), to lead its ambitious venture into the...

Growing End-User Demand For Homes In The Dh1m-Dh2m Price Range Despite Rising Rents. Expo City is now the sought-after location for those looking for affordable homes in Dubai. The recently launched Mangrove Residences in Expo City offers one-bedroom units ranging from Dh1.39-Dh1.59 million, and two-bedroom units priced from Dh2.05 million to Dh2.55 million, competing with established areas such as...

A Stable Economy, 100% Foreign Ownership, Golden Visas, And Covid-19 Handling Attract European Investors To Dubai. Real estate market Dubai has seen a shift in its top investors in the first quarter of 2023. As per a report, British, Indian, and Russian nationals were the top investors, with Europeans and Russians overtaking those from the Indian subcontinent. This shift can be attributed to various...

The 65-Storey Tower Holds The Distinction Of Being The Tallest Building In Jumeirah Village Triangle. Danube Properties, a leading private developer, has launched the ultra-luxury Fashionz tower in partnership with FashionTV. This move comes as demand for high-end and branded residential properties continues to drive the local real estate market. The tower is located in Jumeirah Village Triangle (JVT)...

Golden Visas And Luxury Residences Are Boosting Dubai Off-Plan Property Sales, And More Are On The Way. The Dubai property market is currently experiencing a surge in off-plan sales. Developers offer discounts of up to 5-10% on down payments, along with a complete waiver of registration fees and other charges. Some projects even allow buyers to make down payments as low as 1% or a fixed amount of...

Leasehold Properties Typically Have A Lower Initial Purchase Cost Compared To Freehold Properties. As an expat looking to buy property in Dubai, understanding the differences between freehold and leasehold ownership is crucial. Both options have their benefits and drawbacks, and it is essential to weigh them carefully before making a decision. Freehold Ownership Freehold ownership gives you...

There Has Been An Unprecedented Demand For Ultra-Luxury Properties. As Evidenced By Indian Billionaire Ambani's Purchase Of The Most Expensive Property Ever For Dh600 Million. Dubai's prime property prices are significantly lower by 20 to 80 percent. In comparison to major global cities, such as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing, and Tokyo. Even after experiencing a...

While Selecting An Agent, Strongly Advised That Investors Select An Area Specialist. A real estate agent's best function is advising and helping buyers and seller's market. Buy property for the right price, under the best conditions. A skilled agent should be able to assess the needs of the client. Take into account their financial status, and suggest solutions that are appropriate. The agent evaluates...

31 Penthouses And The Stunning Three-Story Sky Villa, With Nine Bedrooms And A Personal 13,000 Square-Foot Patio, Will Be Housed In The 27-Story Bvlgari Lighthouse. An apartment at the Bvlgari Lighthouse on Jumeirah Bay Island has been sold for a stunning Dh410 million ($112 million). Making it, the most expensive flat ever sold in the emirate. The nine-bedroom residence is 38,970 square feet in size,...

The Tenant Initially Turned Down The Owner's Offer, But After A Shift In Circumstances, She Now Wants To Stay. Three months before my lease was set to expire in November. My landlord sent me an email proposing to extend it for another year at a 10% increase in rent. I told my landlord through email that I had other arrangements at the moment and would refuse the offer to extend the lease. About 40...

Are you looking to make the move of a lifetime and buy property in Dubai? With its stunning beaches, exquisite architecture, and thriving business scene, it is easy to see why so many expats choose this beautiful gulf state as their home. But when it comes to finding the right property for sale, there are top apartments for sale in Dubai. To simplify your search, we have rounded up the best apartments...

Metropolitan Homes Will Offer Real Estate Services To Sellers And Buyers In The Secondary Market. Due to a growing number of long-term residents and a surge in interest from foreign HNWIs seeking to invest in second homes. Demand for ready-to-move-in apartments & villas in Dubai has continued to grow steadily throughout 2022. Making the city's completed residential stock an appealing investment...

With Four Bedrooms, A Majlis Area, A Private Elevator, Double-Height Ceilings, And Stunning 360-Degree Views Of The Dubai Skyline, The High-End Luxury Property Is Spread Across Three Floors (73–75). Another pricey asset is ready to entice millionaires and high-net-worth individuals for luxury real estate in Dubai rises this year. A penthouse valued at Dh120 million is for sale. One of the priciest...

Amalia Residences Is The First Project, And The Two Others Will Be Revealed In 2023. On Tuesday, Deyaar Development PJSC declared that it would begin construction on three new projects in Al Furjan. Each of these would cost about Dh300 million. About 400 different units with one, two, or three bedrooms will be included in the projects. Which will include both residential and hotel apartments. The...

The Emirate Has Experienced A Significant Increase In The Price Of Luxury Properties Of 88.9%. Which Represents The Highest Growth Worldwide. According to analysts, prices in Dubai real estate market are anticipated to rise. Even further as capital continues to flow into the industry. According to Zoom Property Insights, apartment rates have risen slightly by over 8.5 % so far this year. Whereas a 13 %...

As Developers Will Only Be Able To Deliver 32,500 Units As Opposed To The Estimated 38,000 Units Planned For This Year. The Apartments And Villas Expected To Experience A Shortage Of At Least 15% Of Residential Units. Despite a high level of demand, the residential market in Dubai is predicted to witness fewer deliveries this year. As supply, chain problems and increased construction costs are...

Geared Toward Promoting An Integrated Concept Of Wellbeing And In Line With The National Strategy For Wellbeing 2031. One of the main pillars of comprehensive and sustainable development followed by the Dubai Land Department (DLD) to solidify the emirate's position. As a top real estate destination worldwide is enhancing buildings and communities and making them healthier, safer, and smarter. On...

By The Close Of The Forecast Period, Expected That The Middle East's Current Supply Will Have Increased By 86%. According to a study by a top property services company, the UAE is expected to see a 22% increase. The number of high-net-worth households makes the world's top hotspot for Dubai branded residences in terms of supply and pipeline. According to Savills' most recent Spotlight on Branded...

Over Dh2.2 Billion In Real Estate Deals Are Done In One Day In The Emirate. According to information provided by the Dubai Land Department (DLD), the market for real estate in the emirate saw 544 sales transactions costing Dh1.64 billion on Tuesday. In addition to 78 mortgage deals worth Dh590.54 million 100 land plots valued at Dh633.18 million and 444 villas and apartments costing Dh1.01 billion...

This Expedites Transactions For Overseas Property Sellers. Are you a Dubai property owner based in abroad and would like to complete a potential sale quickly? You can do this right now by simply giving a registered broker Power of Attorney (PoA) rights and taking care of what needs to do. Such PoA rights have become valid as the demand for ready homes in Dubai. Particularly those that the new...

In Dubai, average prices per square meter are not applicable to real estate properties. There are two categories of real estate properties: investment properties and self-use apartments. Investing properties are the most common type of real estate property purchased by buyers. The cost of Dubai apartments is different in different areas. These properties are usually located in popular neighborhoods...

A European Buyer Looking For A Home In Dubai For His Family Purchased The High-End Property At Palm Jumeirah. The media has once more focused on Palm Jumeirah after another expensive villa sold for Dh52 million. A European buyer, according per from Luxhabitat Sotheby’s International Realty, purchased a four-bedroom Raffles Royal Villa at the Palm. The property is a portion of the Raffles the Palm...

Customers Will Have To Wait Because Alpago Intends To Sell Shortly After Palm Flower Is Finished. As per the developer Alpago Properties, the most recent ultra-luxury penthouse on Palm Jumeirah will cost Dh250 million. The developer has set prices for the 10 units that comprise the 11 storeys of the “Palm Flower” project. Who recently sold a fresh villa on the Palm for Dh302.5 million. Sales will...

The 62-Story Building Is Outfitted With Five-Star Amenities And Smart Features. Sobha Realty, a Dubai-based company, announced on Thursday that its first iconic residential building will be opening on Sheikh Zayed Road. The 62-story S Tower will have 43 floors of opulent apartments in addition to six enclosed podium levels. According to P.N.C. Menon, founder and chairman of the Sobha Group, "The S...

A Lot Of People Continue To Be Interested In The Projects In Business Bay, Downtown Dubai, And The Dubai Water Canal. Off-plan homes in sought-after areas of Dubai are in greater demand than ever with prices rising by nearly 50%. According to reports, Dubai off-plan market expanded by more than 130% in the first half of 2022.  Including over 130,000 units coming from almost 85 projects that had...

147 Plots Sold For Up To Dh1.12 Billion, And 2,023 Homes And Villas Were Bought For Dh4.79 Billion. As per figures released by the Dubai Land Department, 2,703 real estate transactions totaling Dh8 billion took place during the week ending October 21, 2022.  A total of 147 plots were sold for Dh1.12 billion, and Dh4.79 billion was spent on 2,023 apartments and villas. The top deals involved two pieces...

If you are looking for the property investment in Dubai, there are several new property development projects in the pipeline. That will make a great investment opportunity. These developments will offer first-class design, different layouts, and amenities. These will be perfect for both personal residences and investment assets. That is developing in freehold areas. Canal Front Residences The Canal...

The Emirate's Prime Residential Market Saw 7,552 Transactions in Q3 2022, Including 316 Villas, 6940 Apartments, and 251 Townhouses. According to Luxhabitat Sotheby's International Realty, Dubai's prime property market saw a rise in average prices of 11.29%. Moreover, sales volume growth of 1.11% quarter-over-quarter in the q3 of 2022 to Dh21.9 billion, highlighting a continued market...

One Of The Top 3 Transactions Was A Plot Of Land In Al Satwa That Sold For Dh44 Million. The Dubai Land Department has released data showing that 2,338 real estate transactions totaling Dh7.3 billion took place during the week ending October 14, 2022. (DLD). A total of Dh1.76 billion, 106 plots were sold, and Dh3.81 billion was spent on 1,791 apartments and villas. The top 3 transactions included the...

Data From The Dubai Land Department For The Week Shows That Just Two Deals At Palm Generated Dh800 Million. The Palm Jumeirah plot and built-up areas have managed to sell for Dh600 million, according to the most recent weekly data from the Dubai Land Department. Frond N's plot measures just under 59,600 square feet, confirming the island's reputation as the area in Dubai where mega-sized transactions...

After spas, sports, and the sun? It is all a 15-minute boat ride from Dubai's mainland. When you want to get away from the hustle and bustle of city life in the UAE, you do not have to board a plane. Instead, you can soon board a boat to the World Islands and verify into Zuha Island, a private island resort. The UAE completes megaproject after megaproject, however, The World Islands may be its most...

3 Renovated Villas On The Palm Generate $75 Million For Abbas Sajwani's AHS Properties. For Abbas Sajwani and his nearly one-year-old business, AHS Properties, the extensive renovations are paying off. $75 million paid for the sale of three of the company's renovated villas on the Palm Jumeirah. Abbas Sajwani started his own business in November 2021 with the goal of purchasing luxury properties in...

Once Registered, Information On The Tenancy Contract Will Be Automatically Updated. The Dubai Land Department (DLD) has made it clear that residents who have not yet registered co-occupant details only needed to proclaim the number of cohabitants who are currently residing with them. Previously, residents had to provide their co-occupant's names, Emirates ID numbers, and dates of birth. Residents are...

Jumeirah Bay And Emirates Hills Are Two Additional Prime Areas Where Values Are Zoomed In. Will property values at Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island increase by 100%? Market sources mention a few potential acquisitions that might raise values at these three citywide ultra-prime locations. That seems like a very real possibility. With a growth of 88.8% in the year that ended in...

Off-Plan And Secondary Property Sales In Q3 Reached Their Highest Levels In 12 Years, With Nine-Month Sales Increasing To Dh125.2 Billion. The value of property transactions in Dubai reached a nine-year high in September. Because of increased demand in the off-plan and secondary markets. The number of real estate transactions increased by 13.34% to 8,649 in September. While the value of those...

The DAMAC Project In The Desert Will Make 75% Of The Water Swimmable. The property market in Dubai has its fair share of waterfront mega-developments. Dubai also has interior towns with 'lagoons' and 'beaches' that are extremely appealing in their own. However, a project created on a dry environment that will see 1 million sq. ft. of it flowing with water when completed in the next four to five years....

Due to the government's relaxation of most pandemic-related restrictions, which will boost the tourist, aviation, hospitality, logistics, and retail sectors, experts believe Dubai real estate is poised to resume growth. The property sector will ultimately benefit from the relaxation of travel restrictions. That added in place to prevent the Covid-19 outbreak, according to analysts, top executives, and...

A Floating Movie Theatre Over A Body Of Water, A Doctor On Call, A Daycare Center For Children, And An Electric Car Charging Station Are Among The Amenities Of The Property. Opalz, the third project by Danube Properties, sold out on the first day of its debut this year, reflecting growing investor and public confidence in the builder and Dubai's real estate market. 13 of the 17 projects that the...

The Property Where the Mansion on Front G Is Located Is famous As Billionaires' Row. As sales of luxury real estate in the city soar, a mansion built on Palm Jumeirah island has broken the record for the most expensive home ever sold in the emirate. According to the villa's developer Alpago Properties, the Casa Del Sole villa sold for Dh302.5 million ($82.4 million) as it was sold in July. Due to...

In August, 9,720 Sales Transactions Were Recorded In Dubai's Real Estate Market. According to Mo'asher, the real estate market in Dubai had its best monthly performance in ten years in August. The Dubai Land Department (DLD) and Property Finder jointly launched Mo'asher, the cities official Sales Price and Rental Performance Index. In August, there were 9,720 sales transactions in the Dubai real estate...

Because Mortgage Transactions Account For Only A Quarter Of All Home Sales. Rising Rates Will Not Have A Significant Impact On The Emirate's Real Estate Market. According to experts, the ongoing rise in interest rates will not have any impact on Dubai's real estate market. Which will continue to rise at a steady rate due to rising demand. Rising interest rates will not have a significant impact on the...

The Dubai REST App Can Be Used To Register. Residents of Dubai have 2 weeks to register all apartment cohabitants. Developers, Owners, property management firms, and tenants have all been informed by the Dubai Land Department to register the names and contact information of any co-occupants in owned and leased properties. A Dubai Land Department circular mandates that registration be finished with...

Existing Home Buyers Must Carefully Consider Their Mortgage Options To Offset Rising Mortgage Costs. To attract end-user buyers, Dubai developers are using a term they have not used in a while: discount. Following the US Fed rate hike on Wednesday. Mortgage rates in the UAE are increasing by 0.75%. In addition, some developers are attempting to allay end-user concerns regarding their mortgage costs...

Additionally, It Costs Less To Purchase Residential Properties Outside Of Cities. Being a city girl who loved the convenience of everything that came with it, Filipina expat Rachel Delacruz. However, when she became pregnant with her first child, she suddenly felt the need for so much "own personal space." She made the decision to relocate to DAMAC Hills 2, a suburb that is about 50 kilometers from her...

When It Comes To Ready-To-Move-In Homes And Longer Payment Terms, Developers See Opportunities. Dubai developers are using the rising cost of rent as a justification to persuade potential end-user buyers to purchase a home rather than continue to rent. In addition, developers are supporting that with enticing offers for homes that have just been delivered or that will do so soon. Their sales...

Homes In The Neighborhood, Which Is On Jumeirah Bay Island, Provide Views Of The Famous City Skyline And The Arabian Gulf On Opposite Sides. A five-bedroom townhouse with 4558 sq. ft. just sold in DH 35.5 Million. According to Driven Properties, this makes it the most expensive townhouse to be sold in all of Dubai. On Jumeirah Bay Island, there is a property that is a part of the Villa Amalfi...

The Most Expensive Land Deals And Per-Square-Foot Prices Have Been In An Upscale Island Community. A townhouse sold for Dh35.5 million in Dubai Jumeirah Bay. As one of the most prestigious locations, Jumeirah Bay has always been the center of attention for investors. Due to this, it might be the most expensive townhouse ever sold in the city. A plot in the Villa Amalfi development on Jumeira Bay...

Dubai is a place where everything comes in luxury. Individuals come here all around the world, for business, job, or enjoy holidays. People, especially elective class love to stay in villa. If you also want to Book a villa in Dubai then this guide is just for you. A few steps you need to take before you can Book Villa in Dubai. The first step is to get an electricity connection, which is usually required...

A KT Reader Wants To Hang A Clock And Install Curtains. In Dubai, I like an apartment. The real estate agent, however, says I cannot make any holes in the walls. I made the argument that I would have to drill some holes to hang clocks as well as other items or install the curtain. He will not budge, though, and insists that I will be responsible for any harm I cause. Can the business impose such a...

Due To Investors' Confidence In The Emirate's Promising Future, The Real Estate Market Attracted Nearly Dh160 Billion In Investment In The First Eight Months Of 2022. Despite global headwinds, the Dubai real estate market maintained its upward trend. Attracted a combined total of Dh24.3 billion investment via 9,720 sales deals in August. According to most recent data, this month had the highest volume...

Dubai Recorded Over 9,450 Transactions in August Approximately One of the priciest real estate transactions ever to take place in the emirate of Dubai. That involved a five-bedroom apartment that sold recently for Dh163 Million. The Royal Atlantis Residence on Palm Jumeirah is where the 22614 sq. ft. apartment is situated. According to FAM Properties, the Business Bay community had the best result in...

For Each Property, There Will Only Be 3 Permits Issued; This Rule Applies To Agents And Portals. The Dubai Land Department has mandated that only 3 permits will be issued to advertise or list each property, further tightening the restrictions on real estate marketing in Dubai. This effectively eliminates multiple listings and some other practices that had been used by allowing up to three agents to...

As per report, His son Anant purchased a ten-bedroom mansion in Palm Jumeirah. According to reports, Indian industrialist Mukesh Ambani purchased an $80 million beachside villa in Dubai. The 27-story Antilla in south Mumbai is owned by the Ambanis and serves as their home base. However, the industrialist and his family have been buying upscale homes around the world, including in US and...

The Secondary/Ready Market Accounted For 59% Of The Transaction Volume. While The Off-Plan Market Accounted For 41%. Dubai’s real estate market recorded 7,092 sales transactions in July 2022, highest in nearly a decade, data showed on Thursday. 5,024 transactions represented the high point in 2013. The sales transaction volume was up 63.56 percent over the year-ago period, and 88.41 percent higher in...

Demand For Apartments Increased By 40% In The Upscale Residential Market, Outpacing That For Villas. In the 2nd quarter of 2022, sales in the Dubai real estate market totaled Dh47.3 billion. Up 9.8% from Dh43.06 billion in the corresponding quarter the previous year, according to data. 4,166 townhouses, 1,836 villas, and 13,857 apartments in total were sold during that time. The volume of sales in...

In The Upscale Residential Market, The Popularity Of Apartments Increased By 40% More Than That Of Villas. Sales in the Dubai property market were Dh47.3 billion in the q2 of 2022. Data showed a 9.8% increase over Dh43.06 billion in the same period last year. During that time, 13,857 apartments, 1,836 villas, and 4,166 townhouses were sold. Jumeirah Beach Residence, Mohammed bin Rashid City, Downtown...

According To An Expert, This Is The Greatest Value Transaction Since The Beachside Property Opened 13 Years Ago. According to Luxhabitat Sotheby's International Realty, the single largest residential land transaction in Jumeira Bay Island covering 46,222 sq. ft. of prime beachfront location has been finalized for Dh180 million. Jumeira Bay, which is starting to resemble Monaco's Larvotto neighborhood,...

Rental Properties With A Good Value Include Dubai Silicon Oasis & Discovery Gardens. With landlords asking for an average of 23.7% more in the 12 months starting in July 2021. The pace of rental hikes in Dubai is at its highest level since May 2014. According to a recent market update from the consultancy CBRE, a relatively new two-bedroom apartment in some of the popular rental areas in Dubai...

Values For Residential Properties Are Now A Whopping DH 1100 Per Square Foot. Dubai's property price growth is going to slow down, but that still follows a spike of 10.1 percent between April and June. In such a way that compared to an average of Dh800–Dh900 PSF a year ago. The average sale price has surged to almost Dh1100 today. With estate brokers claiming that demand for homes priced at Dh40...

Transactions Include Sales, Mortgages, And Gift Arrangements On Monday, the Dubai property market saw 528 sales transactions totaling Dh1.28 billion, as per Dubai's Land Department (DLD). Additional 91 mortgage agreements worth a combined Dh169.72 million and 10 donation agreements worth a combined Dh23.06 million were made. The sales included 71 land plots valued at Dh387.16 million and 457 homes...

Because The New Rule Just Tightens The Existing Ones, Agents Should Not Have Any Issues Complying. Dubai: A leading lawyer predicts that the UAE's initiative to regulate cryptocurrency payments in property deals would be successful right away because the industry is currently well regulated. The UAE said on Monday that real estate brokers would need to notify the specialized unit in charge of...

Skyrocketing Real Estate Sector among Factors in Rising Global Interest in Emirate Dubai has continuously strived to improve its first-rate infrastructure. Which now offers a superior quality of life and makes the Emirate a great place for people to relocate as well as businesses. Contrary to popular opinion, tourism makes up close to 20% of Dubai's GDP, while fossil fuels contribute less than...

All Transactions, Including Payments, Must Be Made VIA Dubai Land Department. A top question: After I pay the whole sum that, the initial buyer of the property paid to the developer. I would like to purchase a property from one of the builders through them. What are the legal steps required to complete the acquisition of the property and guarantee that the property is properly registered in my...

Mega Agreement With Dubai Holding Is Anticipated To Finalize On September 27. Dubai Holding will become Emaar Properties PJSC's second-largest shareholder after Emaar Properties PJSC revealed on Thursday that it would increase its preference for Dubai Creek Harbour. Significant development along the waterfront of historic Dubai Creek, from Dubai Holding for a consideration of Dh7.5 billion. The deal...

7,092 Total Sales Transactions Were Recorded In The Emirate Last Month. 42,698 Rental Leases Were Registered, Of Which 56.04 Percent Were New Leases And 43.96 Percent Were Renewals. By generating a record Dh21 billion in investment through 7,092 sales agreements in July. The strongest start to the second half of the year in the previous 12 years. Dubai real estate has once again demonstrated its...

Purchase Commercial Real Estate via Investo For The Estimated 10% Return. Investors in freehold commercial land in Dubai have chances with Investo, the dependable investment partner. Investors can obtain predicted returns of 10% with a minimum investment of Dh900000. This investment strategy places more of a focus on international investors. Because it qualifies them for investor visas and guarantees...

Buying real estate with Bitcoin is becoming increasingly popular and easier, and some realtors are enthusiastic about the concept. While some remain skeptical, others are open-minded about this new trend. Bitcoin is a form of non-fungible digital currency. This type of currency is independent of any central bank and uses encryption techniques to control currency generation and verify transfers. If you are...

The Dubai Land Department Publishes Amended Guidelines, Which Include Property Owners' Approval. In Dubai, all real estate advertisements must be supported by the appropriate advertising permissions. In addition, it is the real estate brokerage or portal's responsibility to make sure this occurs. Dubai's property websites are required to verify the permits for these advertisements via an integrated...

According To Agents, In Some Circumstances, Even Property Owners Require Pre-Approvals Before Giving Viewings. Property agents in Dubai are being requested to obtain pre-approvals. Whenever they bring a client to examine properties held by one of the city's largest developers. Their concern is that even if a few other developers follow suit. It could substantially harm their chances of gaining...

A Number Of Charges That Customer Must Pay In Addition To The Purchase Price. But We Would Not Term These Hidden Costs Because They Are Covered During The Property Purchase Process. Top FAQs before Buying Property in Dubai 1.     What Is The Range Of Pricing For Properties In The Area? You can tell an area specialist from a non-area specialist right away using this question....

Due To A Booming Local Economy Where Businesses Are Finalizing Their Expansion Plans And An Influx Of Senior Managers, Business Owners, And High Net-Worth Individuals, Occupancy Demand Has Been High. According to Savills' Dubai Office H1 2022, city's office market has held up well during the first half of 2022. Thanks in large part to the ongoing demand for Grade an office space. Which has also caused...

When Buying A House, An Authority Advises That You Must Engage With A Qualified And Experienced Broker. Purchasing a property in Dubai is a dream that several expatriates treasure. Both for those who work and live here and those who are outside. This is because the city offers top-notch standard of living services for Dubai property buyers. When buying a home, HP Aengaar, CEO of Asteco, advises working...

Leading Buyers By Nationality Were From India, With The UK, Italy, Russia, And France Rounding Out The Top Five. According to Betterhomes, a renowned real estate consultant, Dubai has remained a top target for Property Investors. Due to its excellent capital growth, high returns, and government-led programs that encourage investment in the real estate sector. All property market segments in Dubai...

Renters Have 3 Payment Options Available Through An App. Since 2019, residents of numerous areas in Dubai have been able to pay their rent without a cheque. Managing 15 neighborhoods, Dubai Holding Asset Management handed out the payment option. When it released the "DubaiAM Life" app, according to a senior executive at the firm. Remraam, Layan, Ghoroob, Shorooq, Ghoroob Square, Dubai Wharf,...

They Will Be Issued Beginning on Wednesday, July 27th A high-level committee led by the Crown Prince of Dubai has approved the urgent release of 2,000 residential land plots in Umm Nahad Fourth region. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE issued the directions that led to this. The distribution took place. Dubai's Crown Prince Sheikh Hamdan bin Mohammed bin...

As you surely already know, Dubai features one of the world's largest real estate markets. In comparison to other markets throughout the world, Dubai's real estate market excels in meeting the needs of house buyers by providing tremendous benefits, exceptional value, and a variety of amazing amenities. Are you planning to buy Dubai properties? Are you interested in learning more before purchasing real...

As Rents And Values Rise, More Investors Start Investing Money In Dubai Real Estate Starting At Dh500. As values increased in the first half of 2022, investors are finding that shared ownership of Dubai homes can be a good source of income. Shared ownership, or "fractional" ownership, of houses and offices in Dubai appears to have struck a chord with investors, even if gains in property values do not...

Demand Is Not Decreasing or Rental Prices Are Not Stabilizing During the Summer Weeks Tenants in Dubai who intend to move should act quickly because this summer's rental gains are not expected to slow down. In fact, property owners are raising their demands and sometimes even raising them within a short period of time. As Dubai's residential rental, market moves closer to a full recovery, this could...

Golden Visas Are Initially Being Provided "Free" By Developers as Part Of Dh2m Real Estate Deals Are you looking for a home to purchase in Dubai? If you believe that purchasing a home that is already built will be more expensive, look at the stats from the first half of this year. Because off-plan sales are doing well this year and are going for higher prices. With an increase of a staggering 46% from...

Alpago, With The Most Expensive Coming in at Dh300 Million, plans six Of These Residences. Second of six new Dh100 million-plus (the emphasis is on the 'plus') villas on the Palm, dubbed 'Billionaires' Row' by the developer Alpago Properties, has gone on sale. The villa, situated on Frond G, is being developed as interest in Dubai's super-luxury properties grows unabated. Alpago released the first,...

Before Expo City Opens, the Homes in South Bay Will Begin To Be Offered For Sale in September With the South Bay, Dubai South enters the middle of the off-plan activities. Dubai South Properties, the master developer, has started building the South Bay in the core of The Residential District. A 1-kilometer-long crystal lagoon, "several beaches," more than 800 villas and townhouses, and more than 200...

6,700 Units Were Delivered In Q1, 31,000 More Are Expected From Q2 through Q4 This year, Dubai's residential unit deliveries is anticipated to be led by MBR City. As developers have hastened project completion and handover to ensure prompt completion and handover, a positive indicator for the market. According to Zoom Property insights, the mixed-use complex leads the list by delivering the most...

The Dubai property sector is one of the most dynamic and exciting in the world. From luxury apartments and villas to cutting-edge office towers and shopping malls, there is something for everyone in this vibrant city. In addition, with a growing population and economy, the demand for Dubai properties is only set to increase in the years ahead. If you are thinking of buying property in Dubai, a few...

Dubai Property Finder: Dubai, a destined economic and social nucleus of the modern era, has evolved from a desert expanse into a thriving concrete metropolis, showcasing its potential as the future cosmopolitan hub. The influx of multinational and local enterprises has posed a significant challenge amid the diversified environmental climate and spatial constraints of Dubai, making it crucial to find the...