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05.06.20233159Investors who need a Golden Visa can now obtain a 10-year residence permit in the UAE by investing just AED 2 million ($544,618) or more in Dubai's fast-growing real estate market through the online real estate technology platform Stake. For the first time in Dubai, investors will be able to get a Golden Visa through a digital investment...
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05.06.20232550According to data published by the Dubai Land Department (DLD), a total of 3,050 real estate transactions worth AED 10.4 billion ($2.83 billion) dirhams were made in Dubai in the week ending May 5. The DLD report showed that 189 land plots were sold for AED 1.19 billion ($320 million), 2239 apartments and villas — for AED 5.11 billion ($1.39...
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05.06.20233349Majid Al Futtaim Development has set a new benchmark for luxury real estate in Dubai by selling a luxury mansion on Lanai Island for AED 200 million ($54.46 million), which was the highest registered property value recorded in the Tilal Al Ghaf area to date. The gated complex, located in the heart of Dubai, has become a very popular destination for...
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05.06.20232884A new residential tower will soon be built on the legendary man-made Palm Jumeirah island - and it promises to embody the latest exclusive luxury standards. Medium-sized three-bedroom apartments occupy almost 1000 square meters of total and living space, including a balcony. And if you like gorgeous views, then this is exactly the place from where...
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05.06.20232195According to data published by PropertyFinder, in March 2023, real estate worth $9.3 billion (AED 34.2 billion) was sold in Dubai. The number of real estate transactions increased by about 45% year-on-year and amounted to more than 12,000 transactions compared to 8,344 in March 2022. The cost of transactions increased by more than 53%...
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05.06.20232364The average cost of renting apartments and villas in Dubai continued to show strong growth in the first quarter of 2023, especially in higher-quality residential complexes, with quarterly increases of 4% and 7%, respectively. According to the Asteco report for Q1 2023, the annual rental growth in the villa segment was significant — by 25%, while...
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05.06.20233185The giant of the hospitality industry Wynn Resorts has announced the name of its new multi-billion-dollar integrated resort, which will be built in Ras Al Khaimah on the island of Wynn Al Marjan. The company also presented the design concept of its first beach resort in the Emirate. The US-registered developer and operator of luxury...
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05.06.20232421Jumeirah Bay Island in Dubai, also now known as the "island of billionaires", has felt a sharp surge of interest from the super-rich people despite the fact that real estate prices on this artificial island have risen sharply. On the island of Jumeirah Bay Island, where ultra-luxury real estate and luxury developments such as Bulgari Lighthouse...
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05.06.20231997According to experts, the average rent for a 1-bedroom apartment in the UAE varies from AED 35,000 to AED 40,000 per year ($9,530 - 10,900), while an additional surcharge of 20% or more may be charged for new apartments. Tenants in the UAE are increasingly moving to higher-quality real estate, increasing rents in new buildings and Class A...
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05.06.20232328Tenants in Dubai are increasingly seeking to buy property in the property, fearing eviction from landlords due to rising rents, said Richard Wade, managing director of the group of companies in the Dubai real estate sector. According to the group's report for Q1 2023, the supply of new residential units remains limited in both the sales and...
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