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Meta Description: Discover why the UAE real estate market is projected to reach AED2.6 trillion by next year driven by high net worth individuals’ interest in luxury properties in Dubai. Learn about the latest trends and opportunities from our experts. Content: The UAE real estate market is set to reach new heights, with projections showing that it will grow up to AED2.6 trillion by …

The Dhs18 billion project will span 30km, with 15.5km running underground and 14.5km above ground. The Blue Line will feature 14 stations including three interchange stations and will connect the existing Red and Green lines. Expected to be completed by 2029, the Blue Line will comprise of two main routes extending from the Red and Green lines and offering a direct link between Dubai …

Eviction notices can now be transferred with a property sale in a “significant legal transformation,” an expert told Arabian Business. Previously, new owners were required to issue a fresh 12-month eviction notice even if one had already been served. This new interpretation means the eviction notice is now attached to the property rather than the individual landlord.   “Law No. 26 of 2007, as amended by Law …

With record-breaking 105 million visitors in 2023—a 19% increase from 88 million the year before—Dubai Mall emerges as the “most visited place on earth.” The higher number of visitors also helped sales, which resulted in an incredibly successful performance. In the first two months of this year, over 20 million visitors were counted, setting the stage for an expected record year. “These numbers reflect Dubai …

Top Choice for Americans: Dubai emerges as the preferred destination for Americans looking to live overseas, surpassing popular cities like New York, Miami, and Paris. Google Search Analysis: Remitly’s 12-month analysis of Google search data reveals that Dubai is the most searched destination among foreign visitors, with the city consistently ranking first among the “move to city” phrases in 164 countries. Global Popularity: Dubai …

The Dubai Land Department has entered into memorandums of cooperation with three real estate training institutes: Elite Gulf Real Estate Training Institute, Innovation Experts Real Estate Training Institute, and ThinkProp Training Institute. The goal of these collaborations is to advance real estate training in Dubai and enhance service efficiency, customer satisfaction, and overall service quality in line with international best practices. The signing ceremony …

Average sales price in Dubai increased by 52% from AED2,167,206 in August 2022 to AED3,291,555 in August 2023. German citizens accounted for 6% of the total sales in the Dubai real estate market for that month. UK citizens continued to dominate the market with a 22% share, followed by Indians with 13%, and Lebanon and Russia with 6% each. Dubai’s real estate market is …

Amidst a surge in demand for luxury real estate in Dubai, eager homebuyers began queuing as early as 3 a.m. to secure property on the newly announced Palm Jebel Ali, situated 20 kilometers south of Palm Jumeirah. Developer Nakheel witnessed a significant turnout at their sales center, with hundreds of potential buyers vying for the first properties on this artificial island. The project, focused …

Missed Palm Jumeirah? Don’t Miss Palm Jebel Ali ! The Palm Jebel Ali sales relaunch is set to mark a pivotal moment in Dubai’s real estate market for the year ahead, heralding a new chapter in Palm Dubai’s history. Villas at Palm Jebel Ali will be available starting at Dh18 million, boasting generous floor spaces ranging from 7,000 to 20,000 square feet, as reported …

Zenvest Comment: Underrated and Under Priced which means exponential room for capital appreciation Three UAE cities—Abu Dhabi, Dubai, and Sharjah—feature prominently among the world’s most affordable cosmopolitan cities, according to a Workyard Research survey. Kuwait claims the top spot as the cheapest city globally, with a high average monthly income of $6,199 and low living expenses of $752.70. In the UAE, Abu Dhabi and …

In 2024, Dubai’s real estate market is poised to grow by approximately 15%, outshining global counterparts, according to AI-driven research. Fueled by robust foreign investor interest, resilient demand, and a strong economy, Dubai’s real estate sector is set for significant expansion. In contrast, London’s real estate market faces challenges like rising inflation and energy prices, impacting household discretionary income and leading to a decline. …

Unlock Hidden Value: Dubai’s Property Makeover Opportunity 🏡 Own an upscale villa, penthouse, or apartment in Dubai? It’s time to explore a lucrative avenue – giving your property a stunning makeover and putting it back on the market. With returns potentially reaching 20-30% (or more!), this trend is booming. In a city where luxury is king, refurbishing and re-modelling properties is all the rage, …

Amazing News Unveiled for Ras Al Khor Area & Mohammad Bin Rashid City Exciting Updates from Mohamed Alabbar, Founder of Emaar Properties 🏗 Dubai Creek Tower Redesign: Alabbar reveals that the iconic Dubai Creek Tower is undergoing a redesign process following a competitive international competition. 🚧 Construction Plans: Emaar Properties aims to start construction within a year, collaborating with a multinational company to bring …

As Dubai’s population explodes, there will be a housing shortage As the population of Dubai is projected to reach 7.8 million by 2040 and the city aims for goals there is a pressing need, for more housing. According to Knight Frank there is a predicted surge in development. Despite availability construction activities are increasing, with plans for 85,200 residences by 2028 out of which …

Dubai Leads Luxury Property Price Growth for 8th Consecutive Quarter 📈 Dubai continues to dominate the luxury real estate market, with prices surging by an impressive 48.8% in the past year, according to Knight Frank’s ‘Prime Global Cities Index Q2 2023.’ This remarkable growth marks an incredible 225% increase since the pandemic-induced lows of Q3 2020. Globally, prime property prices saw a 1.5% annual …

Dubai’s property market witnessed a significant surge in prices, largely driven by a substantial influx of Russian investors in 2022. The UAE, renowned for its stability and luxury, has long attracted wealthy individuals from around the world. However, the Russian wave brought about a remarkable 47% increase in property costs, leading to a prosperous real estate market in Dubai. In 2022, the sector experienced …

Exciting News Alert! 🚀 Samana Developers unveils its groundbreaking Dh300 million Samana Golf Views project in the heart of Dubai Sports City. This stunning residential masterpiece boasts built-in private pools, nestled amidst the picturesque backdrop of The Els Club Golf Course. 🏌️‍♂️ 🌆 With easy access to Al Khail Road and Hessa Street, this project sets the stage for a serene, connected, and athletic …

Facing a 20% Rent Increase in Dubai: Legal Insights 🏡💼 In Dubai, the law is clear – a rental contract can only be amended with at least 90 days’ notice. Even if your agreement states otherwise, it must comply with this rule. If not, you can seek resolution through the Rent Dispute Settlement Committee. Regarding maintenance, tenants can handle repairs under Dh500 without landlord …

Not only Dubai is breaking records but every single emirate across the UAE. Today we look at Sharjah ⬇ In July 2023, Sharjah’s real estate market saw significant activity, with transactions totaling Dh1.9 billion. The Sharjah Real Estate Registration Department’s monthly report highlighted 2,783 transactions, including 684 sales transactions spanning 96 areas across the emirate. This growth is attributed to the government’s strategy of …

Unlocking the Power of Artificial Intelligence in Real Estate 🏠🚀 From self-driving cars to medical breakthroughs, AI is reshaping industries globally. But did you know it’s also revolutionizing real estate? Discover how AI is reshaping decision-making in the industry, driving innovation, and propelling the sector forward into the future. As the world of real estate integrates AI algorithms and data pipelines, critical questions arise: …

Dubai: Your Gateway to Real Estate Excellence! 🏙️ With its global allure, strategic crossroads positioning, and cosmopolitan vibrance, Dubai has emerged as a prime real estate destination. Delve into the 6 compelling reasons why investing in Dubai’s property market is a game-changer: 1. Tax-Free Advantage: Enjoy tax-free gains with no personal income tax, capital gains tax, or property tax. Maximize your investment returns without …

How sustainability is revolutionising the UAE’s real estate sector? 🍀 UAE rapidly embraces sustainability in real estate due to environmental concerns. Historical context drives modern focus on sustainable development practices. UAE emphasizes eco-friendly real estate to reduce carbon footprint impact. Sheikh Mohammed’s leadership drives strategic sustainability initiatives for green growth. Developments in Dubai that are considered sustainable: 1. Dubai Sustainable City 2. Jumeirah Lakes …

Dubai Real Estate Health Check ✅ Dubai’s real estate market is experiencing a 44% surge in 2023, with a record half-yearly transaction of 57,700 units of apartments and villas. H1 2023 witnessed 46,100 apartment and 11,600 villa sales, marking a 209% increase compared to the five-year average. The sector achieved a historic semi-annual sales total of 60,440 transactions worth Dh177.3 billion in H1 2023, …

While most of the world is having a tough time combating the recession, Dubai has seen an economical boom like never before. Dubai being the #1 attraction for millionaires ahead of Australia in 2022, it attracted +4000 millionaires and is forecasting to attract more in 2023. What does this all mean ? Economic Boost: The arrival of wealthy individuals can boost the local economy …

Despite the recent interest rate hike, it’s reassuring to know that affordable mortgages are still accessible for property buyers in the UAE. The real estate sector remains resilient, offering promising opportunities for investors and homeowners alike. 🏢📊 Staying informed about such updates is crucial for making well-informed decisions in this dynamic market. Let’s keep exploring the possibilities and building a brighter future in the …

Exciting news for the Dubai real estate market! 🏠 According to recent reports, these top 9 areas have recorded the highest value of property transactions in H1 2023. Investing in Dubai’s thriving property market can be a smart move for those seeking growth opportunities in the region. 🌟 Whether you’re looking for a dream home or a promising investment contact us now to know …

Dubai Health Check ✅ 42,583 real estate units were registered, and 47,187 units worth Dh96 billion, and 5,546 villas worth Dh15 billion were sold in H1. 174 real estate developers are registered with the land department. Top areas for transactions include Jumeirah Village Circle, Dubai Marina, and Palm Jumeirah. Dubai is the world’s leading market for $10 million homes, with sales reaching $3.1 billion …

Dubai’s real estate market continued to perform well in the second quarter of 2023, delivering the second highest volume of transactions on record to post a 37 per cent year-on-year growth. The surge was driven an increasing number of high net-worth individuals sought a safe haven, tax efficiency and positive investment returns. According to the latest Dubai Land Department data published by Better Homes, …

Dubai’s commercial real estate (CRE) market witnessed a remarkable surge in sales transactions during the second quarter of 2023, contributing to the record performance of the emirate’s real estate sector, which posted the highest semi-annual sales ever in the first six months of this year. The CRE market recorded an increase of 22 per cent in Q2 compared to the same period last year. …