Real Estate 2023

Real Estate Transactions Have Experienced Substantial Expansion During The Initial Nine Months Of 2023. Dubai's real estate market witnessed significant growth in the first nine months of 2023. Transaction value increased by an impressive 36.7%, and the number of transactions rose by 33.8% compared to 2022. During this period, there were 116,116 real estate transactions with a total value of Dh429.67...

Tenants Can Find Affordable Residential Properties By Initiating Their Search In Advance And Conducting Comprehensive Research. Finding the perfect rental property in the UAE can significantly shape your lifestyle, affecting vital factors such as your daily commute and social interactions. To assist you in discovering an ideal property within your budget, we are presenting 6 valuable insider tips that...

Dubai, the global epitome of luxury and innovation, continues to captivate discerning individuals with its expanding array of residential communities. These Dubai communities redefine urban living, seamlessly blending opulence with practicality. As we enter 2023, we unveil the top 10 communities in Dubai, where each enclave offers not just a home but also an immersive lifestyle. These gems in the city's...

In August 2023, the ValuStrat Price Index recorded a monthly growth of 1.9% and an annual increase of 13.8%, reaching a total of 94.6 points. The August 2023 ValuStrat Price Index (VPI) increased 1.9% monthly and 13.8% annually to reach 94.6 points. In comparison to the 100 points set in January 2014, apartments scored 78.5 and villas 120.4. ValuStrat reports a surge in apartment sales within...

The Project Will Provide Panoramic 360-degree Ocean Views, Feature Interiors, And Luxury Furnishings Designed By Tonino Lamborghini Casa. Dubai's real estate market continues to thrive, and Danube Properties, the fastest-growing private real estate developer in the UAE, is capitalizing on this success with the launch of Oceanz. This remarkable project, valued at over Dh2.5 billion, promises to redefine...

Decisions Should Be Grounded In Considerations Of Investment Returns And Capital Appreciation Potential. 1.    Q1: What Are The Prime Locations For Investors Interested In Purchasing Mid-Range Properties In Dubai? If you prioritize a strong return on investment (ROI), consider areas like Jumeirah Village Circle (JVC), which currently stands out for its high ROI potential. It is an...

A Novice Russian Investor Has Purchased The Property A three-bedroom duplex apartment at the Royal Atlantis on Palm Jumeirah has broken records with a price tag of Dh44 million translating to an astonishing Dh12387 per square foot. This remarkable deal ranks as the second-highest in Dubai, just trailing behind an apartment in the Bulgari Resort and Residences. Which fetched Dh13543 per sq. ft. The...

Users Can Swiftly Access Key Information, Including Area Name, Ownership Type, And Sitemap Issuance Date, By Choosing A Specific Land Plot. Dubai Municipality has introduced a user-friendly online portal, enabling property owners to access their property and land data, including construction licenses and completion certificates with ease. This initiative reflects the Municipality's commitment to...

A Plot Of Land Measuring 41,704 Square Feet Was Purchased Within The Emirates Living Community. In Dubai, a plot of land situated in the prestigious Emirates Hills area has been successfully sold for a remarkable Dh209 million, as confirmed by the Dubai Land Department (DLD) on Tuesday. This expansive plot spans 41,704 square feet and commanded an impressive price of Dh 5011 per square foot in the...

In The UAE, It Is Imperative For Developers To Shift Their Focus Towards Fostering And Cultivating Communities. The importance of community management in the real estate sector cannot be overstated. In the UAE, it is imperative for developers to shift their focus towards fostering and cultivating communities. Amidst robust demand, the real estate sector in the UAE is experiencing remarkable growth,...

Land Sales in Island Community Reach Dh4.2 Billion in the First Half of the Year. A premium plot of land on Palm Jumeirah has recently been acquired for a substantial sum of Dh190 million. This expansive plot spans 56,295 square feet, with plans to develop an impressive 120,000 square feet of residential space. Transforming it into a luxurious residential hub, as confirmed by a property developer on...

Uniting Premier Industry Stakeholders From Both UAE And India, The Event Provides An Inclusive Platform For Investors, Developers, And Homebuyers. Mark your calendars for an exceptional event as the 4th edition of the UAE-India Real Estate Show. Jointly presented by Khaleej Times and Realty+, arrives in Dubai on November 25 and 26, 2023. This esteemed exhibition unites top-notch stakeholders from the...

As Per Survey Results By Worldwide Real Estate Services Providers, 46,100 Flats, And 11,600 Villas Were Sold In H1 2023 The ongoing year is poised to be the most active period for Dubai's residential real estate sector. Spurred by a remarkable half-year record of 57,700 property transactions encompassing both apartments and villas. This reflects a substantial 44 percent increase. In the first half of...

Dubai's Off-Plan Market Shows A Promising And Optimistic Outlook, Accounting For 52% Of Total Transactions In Q2 2023. Off-plan investment in Dubai involves buying a property during its planning or construction stages, based on architectural sketches or renderings. The property is typically not yet completed. One benefit of off-plan homes is the flexible payment schedule, with buyers paying in...

During The April-June Period, The Company's Total Income Experienced A Notable Increase Of 28.7 Percent. Dubai Investments, a diversified investment company, witnessed an impressive 65 percent annual surge in its second-quarter net profit. Propelled by the robust performance of its real estate business. During the April-June period, the total net profit attributable to the company's owners reached...

While The Developer Chose Not To Disclose The Tower's Name Or Exact Height. But They Previously Mentioned That It Would Be Situated At A Prominent Site Along Sheikh Zayed Road. Dubai, UAE, is set to welcome the construction of the world's second tallest tower. This awe-inspiring project promises to enhance the city's iconic skyline further. Standing tall amidst its predecessors, the new structure will...

Altai Tower by Tiger Properties is a Premier Residential Development in Jumeirah Village Triangle (JVT), Dubai. Immerse yourself in a luxurious lifestyle within this 26-storey tower, boasting an array of amenities and an enviable location at the heart of JVT. Experience the pinnacle of upscale living at Altai Tower. Altai Tower at JVT Dubai offers a diverse selection of 244 residential units....

Scannable QR Code Provides Access to Holiday Home Operator Information and DET Contact Details in Dubai Dubai's Department of Economy and Tourism (DET) recently introduced a new QR Code initiative aimed at enhancing transparency and instilling confidence among investors and visitors in the short-term rental market. The initiative aligns closely with the objectives of the Dubai Economic Agenda (D33),...

Innovative Ultra-Luxury Tower in Dubai Transforms Residents' Commute by Enabling Direct Access to Their Floors Dubai witnessed the grand launch of Bugatti Residences, an extraordinary residential project developed by Binghatti. Featuring the iconic French luxury carmaker's first-ever foray into the world of real estate. The local real estate market continues to be dominated by the demand for branded...

Dubai, the largest city in the United Arab Emirates (UAE), has emerged as a popular destination for individuals and investors looking to buy properties. With its modern infrastructure, luxurious developments, and attractive lifestyle, Dubai offers a range of options for those seeking residential or commercial real estate opportunities. Here are some key points to consider when looking to buy properties in...

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...

Dubai Land Department Introduces a New Service to Authenticate Real Estate Advertisements Dubai implements QR code verification system to combat fake real estate advertisements. Dubai encourages property investment to enhance property deals. The Dubai Land Department has launched a new system called Madmoun. This employs QR codes to authenticate property details on all print and audio-visual...

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...

Rental Prices Are Not Projected To Fall In The Coming Months. Due to Continued High Market Demand and a Scarcity of Accessible Office Space. Can a foreign firm purchase commercial property on Dubai's Mainland? We intend to create a branch of our company and are searching for office space for 50 employees. It is a long-term software development and sales effort. What kind of rent can we expect to pay...

They Are Set To Resume Their Place On The UAE's List Of Top Property Buyers Once The Covid-19 Border Restrictions Are Lifted. Following their fall from prominence during the Covid pandemic, Chinese buyers appear poised to recover their place atop the UAE's list of top buyers of real estate this year. The Dubai-based company Driven Properties, which also has offices in China, claimed that investments...

Due To Increased Demand From Hnwis And Foreign Investors, Real Estate Experts Anticipate An Increase In Home Prices And Rental Values. According to Zoom Property Insights, the high net worth individuals (HNWIs) and foreign companies' interest and rising demand are expected to drive up property prices. In addition, annual rent in Dubai in 2023, which will continue the city's upward trend. The luxury...

Dubai Developers Are Wise In Not Flooding The Market With High-End Residences. In 2023, will the city's luxury property market post another record-breaking year of growth? With the most recent Omniyat releases (with Orla, prices from Dh25 million). Life's MAG (a limited edition of Ritz-Carlton residences at Dh177 million). Binghatti (with the world's tallest residential tower in the works having...

In Terms Of Expected Price Increases For Prime Properties, Dubai Outperforms Miami, Dublin, And Lisbon. High-end real estate in Dubai is expected to increase in price by 13.5% in 2019. As the market is expected to continue to be driven by burgeoning foreign interest. With a forecast yearly percentage change that is more than twice. As large as the 5% gain anticipated for prime Miami real estate. Which...