Following the completion of Expo 2020, Dubai experienced 6,983 actual property revenue transactions of $4.nine billion (AED 18.2 billion) in April 2022, the most for the month since 2009.… Read more
Rent in Dubai is rising at the quickest rate since October 2014
According to the June 2022 version of the Dubai Residential Market Snapshot provided by CBRE, rental and villa rentals in Dubai are rising at the fastest rate since late 2014. The average rental and villa rentals in May 2022 were AED 83,485 and AED 249,677 per annum, respectively.… Read more
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
DAMAC Properties, a Dubai-based fully genuine estate developer, has completed bitcoin deals worth $50 million since the start of the year, according to the company’s chief operating officer (COO) Ali Sajwani.… Read more
Why Russian buyers are attracted to Dubai’s realty market?
Maria Shurshalina, a 20-year-old Russian from Sverdlovsk, has been able to see the graph take off since she arrived in Dubai six months ago. In double-quick time, the current marketer with intelligent aviators, who likes high-priced smells, has grown to be a hit realty broker. Her success reflects the growing Russian interest in the emirate. Within the last few weeks, the clever brokerage has offered Russian investors over ninety-two properties, as well as flats, villas, and townhouses.… Read more
Dubai’s 56% Property Surge Collides with Ghosts of 2009 Crash
Tags: DubaiReal EstateUAE
Last year, Dubai had the biggest increase in excessive-give-up assets penalties in the world, thanks in part to the government’s quick response to the coronavirus, which drew money from all over the globe. According to Knight Frank, prime real estate rates are expected to rise 56 percent in 2021. That crowned each principal town, with 1.3 percent in London, 3.6 percent in New York, and 19 percent in San Francisco surpassing the previous record.… Read more
Expats merging properties to get Golden Visa in Dubai, UAE
The UAE visa residency device announced that real estate investors may furthermore obtain a Golden visa when purchasing a property worth no less than AED 2 million. This has cleared the way for many Dubai residents to merge or invest in their homes to reach the AED 2 million milestones and be eligible for long-term residence inside the UAE.… Read more
Here’s all you need to know about the rights of the tenants in Dubai
Most foreigners in Dubai are renters, therefore renting an apartment or a villa is a popular choice for housing in the city. Being a renter in Dubai looks to be a difficult task; issues such as high rent, small rentals, security issues, and eviction are just a few of the common issues renters are facing right now. … Read more
Villas continue to drive Dubai real estate in 2022
Tags: DubaiReal Estate
The ValuStrat Price Index, which monitors Dubai‘s total residential capital fee performance, reported that property costs increased 18.8% year over year and 1.2 percent month over month. Villas were at the forefront of this trend, with prices rising 34.1 percent annually but with a steady growth rate of 2.1 percent.… Read more
