Leading the pack when it comes to designer-developer collaborations, DAMAC Properties has forged several strategic partnerships with world-renowned fashion and luxury brands in recent years. “DAMAC’s strategic partnerships have revolutionized luxury living destinations in the UAE and redefined the notion of branded residences,” said Amira Saiwani, managing director of Sales and Development at DAMAC Properties. Highlights of DAMAC’s partnerships include Cavalli-branded DAMAC Towers, by Paramount, DAMAC Hills 2, and Gems Estate, a jewelry house themed around Gems. … Read more

Dubai’s Golden Visa program has become a sought-after opportunity for investors, providing a pathway to long-term residency in the emirate. If the value of your property in Dubai has surpassed Dh2 million, you may be eligible for the Golden Visa. In this blog, we’ll guide you through the steps of applying for the Golden Visa when your property investment has crossed this significant threshold.… Read more

Dubai, known for its stunning skyline, luxurious lifestyle, and strategic location, has become a magnet for real estate investment, drawing the attention of celebrities from around the world. Indian celebrities, in particular, have showcased a notable penchant for investing in Dubai properties. In this blog, we delve into the allure of Dubai’s real estate market and explore why Indian celebrities are increasingly making it their investment destination of choice.… Read more

After over two years of skyrocketing rents, some of Dubai’s most sought-after neighborhoods are beginning to see rent growth slow down, according to a report from CBRE Group Inc., a real estate adviser. Rents soared to record levels last year as the Middle East financial and business hub attracted an influx of new residents. The average rental rate rose 20.6 percent in the year to September, slightly less than the rise of 21.7 percent a month earlier, CBRE said. … Read more

Luxury real estate is one of the most sought-after investments in Dubai. Chinese and Russian real estate investors are major contributors to the Dubai property market. Luxury properties are expected to become a lucrative source of income due to a higher rate of return on investment. Some of Dubai’s most sought-after investment areas include: Dubai Marina Dubai Marina Beach Dubai Marina and Beach Residences are well developed and well connected to Dubai’s top tourist attractions. Rent and sales value in these areas are expected to be higher than in other, less developed areas.… Read more

With the world shut down due to the COVID-19 pandemic, Dubai quickly became the go-to destination for international tourists. Many well-off families found Dubai to be a haven. The US Federal Reserve’s low-interest rates helped drive asset price inflation around the world. This, in turn, drove a lot of people to buy luxury real estate in Dubai. Economic Growth The UAE’s economic growth was driven by steady increases in oil prices, which helped the economy. Regulatory Reform Ultra-high net-worth individuals were drawn to Dubai because of its tax environment.… Read more

The UAE’s Golden Visas were released with a huge bang in early 2020 to boost immigration into the country and attract talented youth to the country. As per this document, immigrants holding the GV wouldn’t have to have a sponsor and could own their business with 100% solitude. The duration of these was ten years, which was renewable for infinity as long as its eligibility was being met by the holder. Addition of simpler eligibility and more elaborate beneficiary categories as per the latest revision.… Read more