Due to the unprecedented ease of conducting business within the UAE, Dubai’s real estate market has experienced significant growth. According to Atinirmal G. Pagarani, MD, the Yogi Group, the country’s decision to allow non-Emirati citizens to own 100% of businesses has changed the game for those looking to establish their businesses inside the City of Gold.… Read more
Russians are Dubai’s leading property buyers, followed by Indians in third place
Tags: DubaiReal EstateUAE
Russian buyers are now the top purchasers of real estate in Dubai, surpassing those from India, the United Kingdom, and Italy. According to brokerage Betterhomes’ third-zone 2022 study, Russian buyers came in first, followed by those from the UK, India, Germany, France, the US, Pakistan, Lebanon, Canada, and Romania.… Read more
News: Dubai’s Luxury Property Market Is Cashing in on the Global Slowdown
The emirate’s phenomenal growth is luring a horde of extravagantly rich customers. In March, Indian billionaire Mukesh Ambani sold an $80 million house in Dubai for his youngest son, setting a new record for the city’s real estate market. A few weeks later, a different customer paid 302.5% ($82.4%) million for an eight-bedroom, 18-bathroom property on the city’s artificial tree-shaped island of Palm Jumeirah.… Read more
Here’s how to apply for a UAE Golden Visa via property investment.
Tags: DubaiReal EstateUAE
Real estate developers in the UAE help individuals obtain the Golden Visa by investing in real estate. The following are the methods, prices, and prerequisites.… Read more
Traffic Fines in Abu Dhabi
1. Up to Dh50,000 for releasing a seized vehicle
When a driver runs a red light, drives dangerously or recklessly, engages in illegal street racing, or purposefully collides with a police car, their car may be confiscated. The Abu Dhabi Police enacted Legislation No. 5 for 2020 for the impoundment of vehicles inside the Emirate of Abu Dhabi in addition to the penalty within the site visitors law. The new law in Dubai stipulates that reckless drivers who violate traffic laws in Abu Dhabi will be subject to fines of up to Dh50,000 to have their vehicles impounded.… 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
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
