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10.01.20234813The number of off-plan new property launches and sales is growing and reached a record high in November as Dubai's real estate market expands due to the epidemic. According to the latest November Property Monitor report, in November the number of launches of new unplanned development projects reached a record monthly high, adding an...
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10.01.20235574Rental rates in Dubai will continue to rise in 2023, especially in major markets where demand exceeds supply, while affordable areas are likely to see moderate rental growth. Rents in the emirate have tended to decline since 2014, but recovery has begun after the pandemic, as many foreign workers have returned with the recovery of the...
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10.01.20235244The Department of Municipalities and Transport of Abu Dhabi announced fines of 1 million dirhams for overpopulation of apartments and residential premises. Field inspections of residential areas will begin in the first quarter of 2023. Law No. 8 of 2019, issued for property owners, states that an apartment is considered overpopulated if the...
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10.01.20234285According to data provided by the Dubai Land Department, in the week ending December 23, 2022, 2,926 real estate transactions worth more than 9.1 billion dirhams UAE were made. (DLD). According to the DLD report, 2,233 houses and villas were bought for 5.44 billion dirhams of the UAE, while 159 plots were sold for 877.59 million dirhams of...
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09.01.20235026On Tuesday, it became known that it will begin construction of three new projects in Al Furjan, the cost of which will be about 300 million dirhams. The projects will have 400 unique apartments with one, two or three bedrooms, which will be divided between residential and hotel apartments. Amari Residences will be the first project, while...
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09.01.20235235The Danah Bay project on Al Marjan Island will add about 90 thousand sq. m. of luxury real estate in the emirate and will cost the developer AED 1 billion. Dubai Investments, a leading investment company listed on the Dubai financial market, has announced its intention to implement its flagship Danah Bay project with an area of about 90,000...
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09.01.20234548Nine years of self-realization, impact and sustainable development reflect the path of the Rent Dispute Center (RDC), the judicial division of the Dubai Land Department (DLD), which was launched in accordance with a systematic development process to achieve social and economic stability for all those involved in the real estate rental sector and...
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09.01.20235137The emirate's real estate market has been growing throughout the year, and recently a penthouse in Jumeirah was put up for sale for 120 million dirhams, making it one of the most expensive properties in history. A ready-to-move penthouse with four bedrooms, a mejlis area, a private elevator and double-height ceilings is listed on Penthouse...
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09.01.20234244Masaar, a major Sharjah forest project, has two important contracts worth 939 million dirhams for the construction of 986 new houses in two residential areas. Masaar, an $8 billion development with 4,000 residences spread across seven gated neighborhoods, has a master plan with more than 50,000 trees inspired by nature. The contract for...
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09.01.20234453According to data provided by the Dubai Land Department (DLD), 476 purchase and sale transactions worth 1.17 billion dirhams were made in the Dubai real estate market on Monday, as well as 92 mortgage transactions totaling 181.95 million dirhams and 20 gift transactions totaling 35.42 million dirhams. More than 1.3 billion dirhams were...
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