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17.05.20238190In Dubai, 30,767 housing purchase and sale agreements were completed in the first three months of this year, totaling AED 87.9 billion ($ 23.96 billion). Rent in the villa segment rose by 89% while housing costs grew by 24%. This is in accordance with information released by the emirate's Land Department. Content: Most Sought-After Areas: Dubai...
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16.05.20233394Dubai’s real estate market is setting records. Investors, developers, and other market participants remain positive despite the threat of a global recession. Let’s look at the figures that make them so enthusiastic. Content: Results of Q1 2023 Growing popularity of apartments Rental market The most popular districts in Q1 2023 Mortgage...
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11.05.20234073Real estate in Dubai is becoming increasingly popular, especially now that foreigners working remotely have the opportunity to apply for a digital nomad visa and legally reside in the UAE for a long time. This Digital Nomad Visa in the United Arab Emirates was introduced in the autumn of 2022. Let's take a closer look at the advantages of this visa...
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10.05.20233427According to the latest report from the CBRE consultancy, the average apartment prices in Dubai rose 14.5% to AED 1,256 (342%) per square foot, while average villa prices rose 14.9% to AED 1,484 ($404) per square foot per annum. The pace of sales on a monthly basis also accelerated, with apartment prices up 1.8% and villas up 2%. Although the...
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09.05.20235121The soft tax policy, economic stability, and the increase in the influx of expats and tourists have made Dubai an excellent location for doing business. Today many people want to buy not only residential but also commercial property in Dubai to convert it into cafes, shops, restaurants, and other infrastructure facilities. You can also purchase a...
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04.05.20235057The UAE is famous for its steadily growing economy and high living standards. In recent years, the construction sector has been a key driver of the country’s development. The industry has shifted to "green" initiatives and smart technologies that create brand-new opportunities for entrepreneurs and consumers. We will tell you about what other...
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03.05.20232793According to forecasts of the international consulting company Knight Frank, the Dubai luxury housing market in 2023 will record the highest growth rates among all elite markets in the world – up to 13.5%. Much of this is due to the imbalance of supply and demand and positive economic growth. The main demand is fueled by Dubai's status as a safe...
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02.05.20238601While it is technically possible for foreign nationals to obtain citizenship in the United Arab Emirates, in practice, it is something unthinkable to achieve. Meanwhile, the number of foreigners permanently residing in the Emirates exceeds 88.5%. This figure is the result of exceptionally friendly conditions for obtaining residence visas and, of...
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02.05.202316990From April 24, 2023, buyers of Dubai real estate will be able to easily check the legitimacy and relevance of ads for the sale of residential properties by simply scanning a QR code. The Dubai Land Department (DLD), through the Real Estate Regulatory Agency (RERA), has issued a circular confirming the launch of a new intellectual service called...
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02.05.20233755Dubai-based developer Samana Developers said that buyers from EU countries took more part in the company's latest project than customers from Russia, China, Indians and other foreigners who were leaders among foreign buyers of real estate in the emirate market in the past. According to other developers, this new trend is noticeable throughout the...
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