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24.04.20233305The 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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24.04.20233839The 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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24.04.202338022022 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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24.04.20233519DAMAC 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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20.04.20236582The 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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18.04.20239250Nowadays, Dubai is one of the most developed metropolitan areas in the world. Low local taxation and explosive economic growth make the city a great option for real estate investment. Most buyers prefer to buy apartments in development projects in Dubai because of their rising cost by the time construction is completed, the reliability of local...
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16.04.20234571In March, Dubai recorded a 53% increase in the value of real estate transactions compared to the same indicator in 2022. The total value of concluded transactions reached 34.2 billion AED ($9.3 billion). This success is due to the growing demand against the background of a broad economic recovery. In March, 12,000 real estate transactions were...
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16.04.20234373Buyers are actively buying up housing where developers are ready to reduce the initial payment to only 5-10% and fully assume registration and other fees. In some cases, the initial payment may be as little as 1% or even a fixed amount of 50 000 AED. Today, investors are more attentive to the size of their down payments rather than whether...
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16.04.20234073New real estate in Al Wasl is becoming new favorites as wealthy investors continue to look for the most profitable and affordable options for investing in Dubai real estate. There are likely to be newer project launches in these specific locations soon, as developers are increasingly offering options outside of Palm Jumeirah Island and the Emirates...
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16.04.20234284The UAE ranked 1st in its region and 3rd in the world after China and India among the world's emerging markets, according to the Kearney FDI Confidence Index (FDICI) for 2023. Other Middle Eastern countries included in the list of the 25 largest emerging markets in the world are Qatar (4th place), Saudi Arabia (6th place), Egypt (14th place),...
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