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26.06.20232182A villa worth AED 749 million ($204 million) was put up for sale in Dubai. At the moment, this is the most expensive house in Dubai, despite the growth of the luxury real estate market. For $204 million, the buyer will receive a mansion in the Versailles style (also known as French Baroque) with an area of 5,574 m2 on a land plot with...
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26.06.20231338Real estate prices have increased by 46% in six months compared to the same period last year in Dubai. Contrary to numerous forecasts, the growth of the real estate sector in Dubai did not slowdown in 2023. In the period from January to the beginning of June, the growth amounted to AED 93 billion ($28 billion), which is 47% higher than in...
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26.06.20231273In Dubai, land plots intended for luxury homes have doubled in price, in some areas - four times. The reason is the huge demand and low supply; now there are practically no suitable sites left. Recently, there has been a boom in off-plan real estate in Dubai, analysts say. Local developers have several new projects and they are actively...
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26.06.20231533Experts expect that about 4,500 wealthy foreigners will move to the United Arab Emirates in 2023. It is expected that the UAE will be in second place in the world in terms of the influx of migrants with a fortune of more than $1 million. Australia will be in first place at the end of the year, Singapore will be in third, and the United...
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22.06.20237175In the UAE, one of the most dynamically developing countries in the Middle East, obtaining and renewing a driving license is regulated by strict rules. We will explain how to be a resident who has recently moved to the country and has a driving license obtained in their home country. Content: Validity of a Foreign Citizen's Driving License in...
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20.06.20232071Real estate in Dubai is actively considered by foreign buyers for both moving to the country and as an investment. The region attracts attention with its high quality of life and affordable housing prices in comparison to similar facilities in major cities in the US and Europe. It would be incorrect to discuss the cost of local housing stock and...
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19.06.20232352In Dubai, average prices for some types of real estate have overtaken the record figures of 2014. First of all, this applies to villas and apartments in expensive areas. According to the Dubai Land Department, the average price of villas in May 2023 was set at around AED 2.5 million ($680,000). Experts note that this is 5% higher than the...
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19.06.20231913Abu Dhabi authorities have announced the Sweihan housing project. According to the project, a residential area for 204 villas will appear in the small town of Sweihan. The Abu Dhabi Real Estate Authority (ADIA) oversees the project. The construction will cost AED 572 million ($156 million). The residential area will occupy an area of about...
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19.06.20231711In the period from June 5 to June 11, sales of off-plan projects significantly decreased in Dubai, but sales of finished real estate increased. Such statistics are provided by the Dubai Land Department (DLD). According to DLD analysts, 2,796 transactions totaling AED 7.22 billion ($1.97 billion) were made in Dubai during the week. At the...
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19.06.20231611A contractor has appeared in Dubai to carry out the initial stages of the South Bay project - a large elite residential complex. South Bay will be located in the South Dubai area (Dubai South) near Al Maktoum Airport and Expo Road, the venue of Expo 2020. Recently, Dubai South Properties signed a contract with the contractor Ginco General...
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