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31.10.20222591According to Mo'asher, in August 2022, the Dubai real estate market experienced the highest monthly rate in the last ten years. Mo'asher is the official Dubai Sale and Rental Price Index issued by Dubai Land Department (DLD). In August 2022, a total of 9,720 purchase and sale transactions were registered in the Dubai real estate market....
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31.10.20222530According to experts, the Dubai real estate market looks likely to regain growth, as the government has eased most of the restrictions associated with the pandemic, which will benefit the tourism, aviation, hospitality, logistics and retail sectors. Analysts, top managers and industry experts said the real estate sector would ultimately...
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31.10.20222571The Opalz project was sold out on the first day of its launch in 2022, reflecting the growing public and investor confidence in the developer and the Dubai real estate sector. Opalz is the 18th project in the developer's investment program. Opals will be built on a 66,985 square meter plot of land in Dubai Science Park, opposite Dubai...
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28.10.20222755A mansion built on the Dubai island of Palm Jumeirah has become the most expensive house ever sold in the emirate, breaking the record for sales of luxury real estate in the city. The mansion is located on the G Palm Jumeirah gable, on the so-called Billionaires’ Row. The villa, known as Casa Del Sole, was sold in July 2022 for 302.5...
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28.10.20222918Buyers of off-plan real estate in Dubai can now apply for a Golden UAE Visa if their investments amount to more than 2 million dirhams. Selected developers and real estate agents can recommend to immigration authorities that these buyers comply with investment recommendations and be granted 10-year resident status. Developers form internal...
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27.10.20229496Dubai is the largest city in the UAE, with a booming real estate market known for its remarkable megaprojects. The whole world is following the development and success of Dubai's construction sector. New buildings in Dubai rival world-famous landmarks in beauty and scale. In this article, we will discuss the 10 most anticipated projects on...
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24.10.20223038To attract buyers, developers in Dubai use a term they haven't used for a long time: discount. After the US Federal Reserve rate hike, mortgage rates in the UAE increased by another 0.75%. Some developers are trying to assuage end users' concerns about their mortgage costs by offering direct discounts. These discounts mainly occur in the segment of...
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24.10.20223053According to data provided by Dubai Land Department (DLD), 498 purchase and sale transactions worth 1.24 billion dirhams of the UAE were made on Monday in the Dubai real estate market, as well as 80 mortgage transactions totaling 444.06 million dirhams and 12 gift transactions totaling 65.68 million dirhams. Mortgage loans included 51...
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20.10.20228314Anyone planning to buy a property in Dubai, should take into account the additional costs associated with the transaction when planning their budget. Real estate in Dubai is not taxed. Instead, there are dedicated fees in favor of the Dubai Land Department (DLD), as well as commissions. Government agencies, real estate agents or developers, and...
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12.10.20223213In 2022, the global economy faces several serious challenges at once, endangering the very foundation of its operation. One of these challenges is inflation, whose historically high growth rates threaten the production and markets of the majority of the world's countries. Raising interest rates on loans, particularly on mortgages, is one of the...
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