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Dubai’s Population Has Surged By 115,327 This Year, Bringing The Total To 3.77 Million Dubai's population has significantly increased, rising by 115,327 this year to reach 3.77 million. This growth is fueling the demand for larger homes, with more families opting to buy properties in the city. The trend, observed throughout August, shows that families are looking for bigger apartments and villas as...

Experts In The UAE Highlight Common Pitfalls Encountered By Homebuyers In Their Quest For A New Residence. Dubai: When considering the purchase of a new home, one obvious red flag is if the price surpasses that of neighboring properties without a justifiable reason. However, what other factors should you be mindful of when in the market for a house? Here are some of the common errors that inexperienced...

The Easiest Method To Find A Real Estate Agent Is To Start By Asking Your Friends And Family. For Referrals And Getting Their Feedback On The Property Agents They Have Used. The Dubai Land Department's Real Estate Regulatory Authority oversees rental rates in Dubai (RERA). If the property owner: Given you sufficient notice (often 90 days) before raising the rent His request is consistent with...

In The City's Burgeoning Real Estate Market, Proptech Is Emerging As A Game Changer. Investor confidence in Dubai's real estate market remains high. A new player is upending the market by using artificial intelligence (AI) to match homebuyers with their ideal properties. Realiste, is a real estate technology company established in Dubai. Not only enables customers to purchase the best off-plan...

For The Third Year In A Row, Dubai Developers Are Pushing Hard Offers To Increase Sales Momentum. Do you want to buy a home in Dubai? Then, as developers and individual sellers try to offset buyer concerns regarding rising property values, mortgage rates, and whether the world economy is headed for a recession. Some of the most significant incentives are available for the taking. The sweetened...

Property Buyers In The UAE Are Less Eager To Pay "Landlord Mortgages" Today In the UAE, first-time buyers of real estate have just over a quarter to decide whether they would be better off submitting a mortgage application to a bank. Or selecting one of the development company financing options. The US Federal Reserve is expected to raise rates again next week by 0.5 percent. In addition, the UAE...

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...

Experts Explain How Banks In The Country Finance Down Payments On Real Estate. Real estate buyers in the UAE are increasingly choosing cash purchases over mortgages as interest rates climb. In the first half of 2022, interest rates increased 1.75% in the UAE, according to the most recent Betterhomes study. According to the report, 31% of real estate transactions in H1 2022 financed by mortgages, down...

An Emirates Hills Home, Priced At Dh225 Million, Could Be the Next Big Thing in Dubai Real Estate A Dh225 million villa in Emirates Hills now holds the title of the most valuable specific property in Dubai, despite the city's high demand for super-expensive residences. A deal for just a Dh280 million villa on the Palm was only recently completed. As additional European inquiries, including ones from...