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26.04.20236538Home sales in two key UAE emirates, Dubai and Abu Dhabi, rose sharply in the first quarter of this year. According to experts, this growth is caused by immigration reforms and a decrease in the cost of buying real estate to obtain a "golden visa" in the country. The value of transactions reached its new high — AED 528 billion (an increase of 77%...
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25.04.20233360Real estate in the United Arab Emirates has become a very popular investment tool among foreign nationals over the past year. However, this demand is not new. Today the development market in Abu Dhabi offers a lot of residential and commercial properties for sale. There is a huge demand for apartments and villas in Abu Dhabi. Why is it worth...
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24.04.20234401Sharjah's landmark initiative to grant the right to freehold real estate, launched a few months ago, caused a real estate boom, as a result of which the value of real estate transactions in the emirate increased in tandem with a surge in demand. According to official data, in March 2023, 3,386 transactions worth 1.7 billion AED were...
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24.04.20232354Dubai-based developer DAMAC Properties has launched the construction of the second building in the Canal Heights project - a 45-storey tower designed for luxury living by the sea in the prestigious central Dubai Business Bay area. The project appeared shortly after the successful launch of the first branded Canal Heights tower in the developer's...
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24.04.20232468As developers in Dubai increase the number of new off-plan projects to meet the still growing demand from overseas buyers, they are increasingly resorting to the help of some well-known names and brands. At first it was Fairmont, St. Regis or One&Only. Then such legendary names as Pagani, Bugatti, Aston Martin, Elie Saab and Cavalli were added...
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24.04.20231666The average price of ultra-luxury homes in Dubai increased by more than 27% in Q1 2023 compared to the previous quarter, as demand for luxury real estate in the emirate continued to grow amid a broader economic recovery. The average price of luxury real estate in the emirate increased to 25.2 million AED ($6.86 million), and the total volume of...
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24.04.20231849The demand for two-bedroom apartments among investors and end users in Dubai today is higher than for one-bedroom apartments. As noted in the latest market reviews, in March 2023, 34% of apartment buyers were looking for 2-bedroom apartments. Apartments with 1 bedroom were chosen by 32% of buyers. According to data for March, 59.7% of...
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24.04.202316012022 was a record year for Dubai International Airport: the number of passengers passing through it increased by an incredible 127% compared to 2021 and amounted to 66 million people. In Q4 2022, 19.7 million travelers passed through the airport, which is 67% more than in the last quarter of 2021. In 2022, Dubai also faced an increase in travel...
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24.04.20231626DAMAC Properties has appointed a group of leading consulting companies, such as Energoprojekt Entel, AECOM, BHNS Engineering Consultants and Khatib&Alami to further implementation of DAMAC Lagoons project in Dubailand. DAMAC Lagoons is the newest residential complex from DAMAC Properties in Dubai. Off-plan properties are for sale. The...
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20.04.20232435The population of Dubai has been more than 3.5 million people since the beginning of 2023, and according to various sources, only 10–20% live in their own residences. Everyone else rents property in Dubai. However, this does not lead to chaos, as long as everything about renting, including contract templates as well as rights and obligations of...
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