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03.04.2023123379Recently, the government of the Emirates introduced legislative changes to the regulations governing the commercial activities of foreign citizens in the country, as well as the requirements for foreigners moving to the UAE for permanent residency. Now, many processes, including visa acquisition, have become simpler and more accessible. It is...
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03.04.2023104336Foreigners can obtain residency in the UAE by investing in property. Today, the best way is to buy real estate in Dubai. Buying an apartment or villa in Dubai is not only a good way of investment but also a quick way to obtain a residence permit for the whole family. The Emirates has become a haven for many foreigners who come here for a luxurious...
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02.04.20235514The Jumeirah Village Circle, Business Bay and Dubai Marina areas remain the most popular with property buyers in Dubai. Data for Q1 2023 confirmed that the market is still growing. February was the month when the total number of concluded real estate transactions in Dubai reached a record 8,515. A total of 17,741 real estate transactions...
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02.04.20235022The first residential properties for sale on freehold terms are being built in Dubai's Dubai Design District (D3). This area is popular with tenants of high-quality small offices. The general developer of the district, Meraas, will launch the first phase of the Design Quarter project, within which 3 towers with a height of 11 to 44 floors will...
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02.04.20234384Keturah is a brand of luxury residential and hotel real estate from MAG. The mansions in the Keturah Reserve project, the cost of which will cost 3 billion AED ($ 820 million), are located in the Meydan district of Dubai. With this residential complex, Dubai developer MCG reinforces its recent launch of mansions in an elite residential complex...
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02.04.20234983On March 24, 2023, 3,164 real estate transactions worth 8.6 billion AED were made. This information was provided by Dubai Land Department (DLD). According to DDL data, 2,177 apartments and villas were sold for a total of 4.73 billion AED, while 218 land plots were sold for 1.9 billion AED. The sale of two land plots on Palm...
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02.04.20234955It became known about the launch of a new residential project Waves-2 in Dubai, UAE. The message came after the information about the full sale of off-plan real estate in the first phase of the Waves-1 project development. The developer is Damac Properties. According to the developer, Waves-2 will be built next to Waves-1 in the mega-popular...
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02.04.20234114Higher mortgage rates do not discourage end users from purchasing real estate in Dubai. Even the second 0.25% rate hike on March 22 is unlikely to reduce demand. The status of the Dubai and UAE real estate market as a "safe haven" for investment surpasses all other considerations, market sources say, describing the return of demand for mortgages...
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02.04.20234918Prices for luxury real estate in Dubai are still 20-80% lower compared to such major cities as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing, Tokyo, etc., despite a significant increase in prices after COVID-2019. According to a report by Knight Frank, for $1 million (3.67 million AED) in Dubai, you can buy 105 sq. m., in Monaco –...
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29.03.20235479UAE banks' interest rates on mortgages have been raised again. The decision was made on March 22. The rate has been increased by 0.25%. This is the ninth increase since February 2022. A real estate loan is available for 6% per annum. The interest rate is equivalent to the return on investment in most of the emirate's real estate, but the measures...
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