News and articles

  • The results of Dubai real estate sales for July 2022 have been summed up: it has become a record for the last 10 years

    Statistics for July clearly confirm the steady growth in the Dubai real estate sector. The number of transactions has overtaken the peak figures of July 2013, which is considered the peak. Secondary housing dominates, the purchase of which accounts for 59% of the total number of transactions. In value terms, this is 70.6% of the total amount...

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  • Luxury Real Estate Offers in Dubai Can’t Meet the Steadily Growing Demand

    The independent analytical agency Knight Frank conducted another study regarding Dubai real estate. Faisal Durrani, head of the Middle East Research Department, suggested that high demand from foreign investors is largely contributing to the increase in prices for premium housing stock. The current situation is not yet final. There is an assumption...

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  • Construction of Dubai Creek Harbour will reach new heights

    Dubai Creek Harbour is a modern community under active development. This cluster of residential and commercial properties is in high demand among buyers. The UAE’s largest developer, Emaar, has purchased the full rights of developing Dubai Creek Harbour. Content: Community’s advantages Market prospects A $2.04 billion asset will not hurt the...

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  • UAE Golden Visa: who, how, when?

    To stay in the UAE legally, you need to be a citizen or hold a residence visa. Becoming a citizen of this country is complicated but visas are granted to foreigners without undue restraint. In April 2022, the UAE legislation was amended to simplify the process of applying for a residence permit, specifically with regard to receiving Golden Visas...

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  • Yas Park Gate project worth 1.15 billion dirhams launched in Abu Dhabi

    Yas Park Gate, the newest gated residential complex, recently began construction right next to Yas Park, Abu Dhabi's first family recreation park of its kind.   508 new residences with a total area of more than 255,000 square meters will be included in a residential complex worth 1.15 billion dirhams.   Townhouses with two and three...

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  • In July 2022, the Sharjah Real Estate Registration Department made 2,417 transactions

    According to the Sharjah Real Estate Registration Department (CARD), a total of 2,417 transactions were made last month, distributed across 71 different locations in the Emirate of Sharjah.   Below is a breakdown of transactions: 588 purchase and sale transactions, 338 mortgage transactions and 1491 other miscellaneous transactions...

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  • Dubai: rent increases up to 24% in three «best areas to live in»

    Dubai Marina, Downtown Dubai and Business Bay are the most popular areas to live in Dubai in 2022 due to their dynamism and unique lifestyle offerings.   According to the latest Property Finder data, Palm Jumeirah, Jumeirah Village Circle and Jumeirah Lake Towers are the other most sought-after areas in the emirate.   "Dubai Marina...

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  • Dubai: another Palm Jumeirah Penthouse Sold for a Whopping 163 million dirhams

    The largest penthouse of Atlantis The Royal Residences in Palm Jumeirah was sold for 163 million dirhams.   The five-bedroom penthouse with an area of 25,208 square meters includes a heavenly garden, two private pools and terraces, a private elevator and floor-to-ceiling windows with 360-degree endless views of the Arabian Sea and Palm...

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  • Weekly real estate transactions in Dubai amounted to 7.4 billion dirhams

    According to the Dubai Land Department, 2,593 transactions worth 7.4 billion dirhams were made in the Dubai real estate market in the week ending September 2, 2022.   According to these data, 1,720 apartments and villas were sold for 3.55 billion dirhams, while 320 plots were sold for 1.75 billion dirhams.   The three best deals...

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  • It became known that Expo City Dubai will open on October 1, 2022

    Expo City Dubai is preparing to open on October 1, 2022, based on the promise of Expo2020Dubai to inspire future generations.   Visitors are invited to visit the two most popular pavilions of Expo City Dubai, starting from September 1, 2022, ahead of the official opening of the facility in October.   Tickets, which cost 50 dirhams UAE...

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