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20.06.20232861Real 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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19.06.20232814In 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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19.06.20232495Abu 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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19.06.20232266In 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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19.06.20232122A 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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19.06.20232122The demand for properties worth AED 100 million ($27 million) and more is increasingly evident in the Dubai luxury real estate market. The reason for this is a large number of super-stable investors who came to Dubai after the coronavirus epidemic. According to analytical data, about 100,000 millionaires lived in the UAE in 2022. Most...
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19.06.20231847The Emirate of Abu Dhabi began to attract more foreign investment, taking second place in the UAE after Dubai in this indicator. The resort emirate of Ras Al Khaimah was in third place. Foreigners most often invest in residential real estate in Abu Dhabi. As a rule, we are talking about luxury villas in the first line by the sea, the...
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19.06.20232401Department of Municipalities and Transport (DPT) presented a unified Contract Template for off-plan real estate and land sales transactions. A single sample contract will be used in transactions between the developer and the investor. According to the idea of the authorities, the mandatory use of a standard contract should help better...
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19.06.20232318At the end of May, sales started in the Emirate of Ras Al Khaimah in Bay view Residences, an elite residential complex under construction located on Hayat Island. The island is part of the Mina Al Arab resort agglomeration. The residential complex consists of two towers with 14 and 17 floors. There are studios to choose from, as well as...
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19.06.20231954According to statistics, in the real estate market of the United Arab Emirates, villas and apartments of the middle price segment have become the most in demand. Previously, luxury-category real estate was the most in demand. Analysts note that the most popular were two- and one-bedroom apartments, as well as medium-priced villas and...
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