According to analysts, executives, and industry players, the bulk of real estate transactions in the UAE are conducted in cash and will not be harmed by the regular increase in interest rates. According to them, the market would increase at a constant rate of up to 5% this year, rising to 11% in 2022.… Read more
Why Jumeirah Village Circle in Dubai is so popular with tenants and buyers?
Dubai is renowned for its high-end rental and buying options in the luxury real estate market. Jumeirah Village Circle, a new neighborhood, is swiftly gaining favor with both purchasers and renters (JVC). Why is this neighborhood growing so quickly?… Read more
According to a poll, over two-thirds of Dubai property owners aim to sell!
Dubai boasts a thriving real estate industry with homes that appeal to a variety of purchasers and investors. Yet according to a recent poll, over two-thirds of Dubai property owners want to sell their homes in the coming months. These are the reasons for the emergence of this trend and what it can entail for the Dubai real estate market.… Read more
Dubai boom sees Russian cash, high rents, and reborn projects!
Russian people have increased their investment in Dubai, one of the most international cities in the world, in recent years. The city, which has long been a favorite vacation place for affluent people and investors, has turned into a hotspot for Russian money as a result of the influx of people and corporations looking for profitable investment possibilities.… Read more
Dubai’s most affordable real estate neighbourhoods!
The amended Golden Visa regulations have increased demand for home ownership in Dubai by lowering the minimum limit for foreign nationals investing in real estate in Dubai. In accordance with the amended Golden visa relaxation, the minimum investment amount has been reduced from AED 5 million to AED 2 million. Furthermore, the visa duration is increased from 5 to 10 years. This reduction in the minimal limit has created a possibility to invest in affordable units in the UAE. We will guide you through some of Dubai’s greatest and most cheap neighbourhoods.… Read more
In 2022, Dubai announces record-breaking real estate sales of half a trillion dirhams.
In 2022, Dubai’s annual real estate transactions will surpass half a trillion dirhams for the first time. In 2022, the industry had transactions at a record Dh528 billion, a 76.5 percent increase over 2021.… Read more
High net worth investors are driving up Dubai home prices.
According to a LUHABITAT Sotheby’s International Realty examination of Dubai Land Department statistics, ultra-high net-worth investors in desirable neighbourhoods have more than quadrupled average apartment prices. In the fourth quarter of 2022, Dubai’s premier residential market saw deals worth more over AED30 billion.… Read more
Dubai’s Stunning Real Estate Rebound Drives Record Rents and Sales!
The Middle East’s financial capital of Dubai established a record for total house sales last year and drove rents to previously unheard-of heights as a result of a spectacular reversal in the real estate industry. According to real estate advisor CBRE Group Inc., the city recorded 90,881 real estate transactions in 2022, breaking the previous high of 81,182 transactions achieved in 2009. Residential leases, also known as Ejari contracts, rose by 11% in 2022 compared to the previous year, which was a result of an increase in the number of transactions in the resident city. In an interview, Taimur Khan, the director of CBRE Research, remarked, “It’s been a great year. “This is the biggest number of transactions on record, … Read more
Is the Dubai Water Canal going to be the next “billionaires’ row” in the city?
Are billionaire investors searching for pricey properties going to the Dubai Water Canal as their next stop? It would seem so given the purchase of two duplex penthouses by a private family office acting on behalf of a “European billionaire.” These apartments are a part of Mr.C Residences Jumeirah, where a single deal may fetch over Dh120 million (about a million). This shows how in-demand luxury investment properties will remain in Dubai until 2023. The deal was handled by Everose Properties, which was represented by Karl Shehfe and Gregory Mathieu. The buyer’s identity was kept a secret. The deal is still pending, but market opinion indicates that in the coming weeks, more than 100 million dirhams would be more interesting.… Read more
10 places to hang out in Dubai!
Dubai offers a wide variety of options for those looking to relax and unwind. Here are a few popular places to check out:… Read more