Residents of Dubai are being encouraged to “spend smarter” to deal with rising expenses as they experience looming condo rises as the emirate’s real estate industry expands. Al Arabiya English reported this week that rising property costs across the emirate are driving struggling residents to downsize because rising rents are outpacing income growth. Dubai’s real estate market recovery has exploded in 2022 as the emirate’s economy continues to make a strong post-COVID-19 comeback. Many people suffer from rising rents and stagnant wages that don’t keep up with the cost of living in the homes they rent.… Read more
Japan interested in working with Indian cooperative international infrastructure projects
Tags: InfrastructureJapan
Tokyo is interested in launching collaborative infrastructure enhancement projects abroad with India, according to the Japan International Cooperation Agency’s top officials (JICA). Chief Representative of JICA India Saito Mitsunori emphasized the potential for cooperation in India’s immediate neighborhood. He concluded by saying that joint planning, design, and implementation of infrastructure projects in countries like Nepal, where each nation has previously adopted programs, could help New Delhi and Tokyo maximize their effect.… Read more
Dubai’s prime real estate prices are set to see the strongest growth in 2023
According to the 2023 Prime Prediction study from global real estate consulting firm Knight Frank, Dubai’s high residential housing costs are expected to have their fastest growth in 2023. According to the report, costs are expected to increase by 13.5% percent the next year as foreign buyers and high-net-worth individuals continue to show a keen interest in purchasing houses in Dubai’s Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island.… Read more
The upward trend in housing costs has helped Indian cities rank higher internationally
Tags: Real Estate
One of the sectors with the most global recognition is real estate. It includes the housing, retail, hotel, and business subsectors. The growth of the business environment, the need for office space, as well as the need for housing in the city and semi-city, beautifully complement the growth of this area. In terms of direct, indirect, and brought-about effects across all economic sectors, the production enterprise scores 0.33 higher than the top 14 sectors.… Read more
Dubai: A new rental index that takes building quality and amenities into account
Tags: DubaiRental GuideUAE
Dubai‘s new condo index may be based entirely on residences rather than projects inside communities and neighborhoods. According to industry assets, the brand-new building index will be based entirely on the super mega-celebrity scores of each building, its quality, and the amenities it provides to the residents.… Read more
Report: UAE records unprecedented growth in residential real estate
According to data provided by ZāZEN Properties, Dubai has set a 12-year high within the 0.33 sector in terms of the volume and price of the sale of off-the-plan and secondary properties. In the first half of this year, Dubai’s off-plan market had a 133% surge, and in the third quarter of 2022, 25,456 revenue transactions of AED69.72 billion were recorded. As the Qatar World Cup 2022 approaches, it is believed that the event will have a significant impact on the UAE’s residential real estate market. … Read more
China’s Real Estate Crisis Could Be Over!
Tags: ChinaReal Estate
Hong Kong, Nov 14 (IANS) Chinese authorities are undertaking their most concerted attempt yet to address a catastrophe in the country’s massive real estate industry, which has depended heavily on the economy in recent months, according to media sources.… Read more
What India and the GCC markets are doing for luxury real estate?
Tags: GCCIndiaReal EstateUAE
If the most recent selection of expensive real estate deals made through celebrities is anything to go by, the Indian real estate market has been seeing a growing trend, especially inside the opulent dwelling space. Such deals highlight the remarkable increase in demand for this outstanding area of the city’s real estate market. The market for luxury real estate has shown exceptional growth recently, outpacing business projections and attracting the interest of many HNIs and NRIs. The segment and the Indian real estate industry as a whole will benefit from the converted investor hobby, fueled by the anticipated increase in capital values and expanded investor hobby.… Read more
Dubai real estate is red hot but prices will continue to rise in the bull market
Tags: NewsReal EstateUAE
Russians made up the majority of the top 5 buyers in Dubai‘s red-hot asset market during the first half of the year as investors flocked there as the emirate benefited from an influx of riches after Western sanctions. Residential real estate transaction volumes increased by 60% in the first half of 2016, while the price of homes sold increased by 85%, according to research from the resources consulting Better homes.… Read more
Rich Indians are purchasing homes in Dubai, London, and New York at lower costs
The covid-19 epidemic may have also delayed international travel plans, but it hasn’t stopped Indian HNIs from looking for other countries to establish permanent residence there, either as long-term residents or citizens. Rich Indians once again topped the list of those looking into “citizenship-through-investment” or “residence-through-investment” programs in 2020. According to a facilitating agency, the variety of inquiries increased from the 2019 degrees. This is now likely to speed up as many HNIs recall relocating their bases to areas with better healthcare facilities, especially in light of the responses of many affluent towns during the pandemic.… Read more
