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24.10.20224099To 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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24.10.20224384According 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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20.10.202211477Anyone 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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12.10.20224296In 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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11.10.202210091The UAE is actively developing "green construction". New real estate units in Dubai and other emirates are being developed according to strict environmental standards. The country is aiming to achieve zero carbon emissions by 2050. According to various data, on average worldwide, about 39% of emissions emanate from buildings and the construction...
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27.09.20225180According to data released by the Dubai Land Department, 2,401 real estate transactions worth 6.7 billion dirhams were completed in the week ending September 23, 2022. A total of 243 plots were sold for 1.29 billion dirhams, while 3.51 billion dirhams were spent on 1,659 apartments and villas. The top three deals included the sale...
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27.09.20225328A five-bedroom townhouse with an area of 4,558 square meters was sold for 35.5 million dirhams, making it the most expensive one sold in Dubai. The property in the Villa Amalfi complex is located in Jumeirah Bay. It offers direct access to the beach and a full view of the sea and sunset from the roof. The houses in the complex offer views...
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27.09.20223771The transfer procedure for homeowners who bought villas during Phase I began in Sharjah Sustainable City, a fully gated residential complex. This news coincides with the launch of Phase III of the Sharjah Sustainable City project, while Phase I has already been completely sold out, and phase II is rapidly approaching full sales. The...
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27.09.20223895Welcome Residency is a great option for people who are looking for a home that combines luxury and comfort with an affordable price. It consists of two- and three-bedroom apartments with luxurious finishes and amenities (swimming pool, panoramic gym, spacious/cozy lobby, four elevators connecting all floors), as well as spacious balconies with...
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27.09.20223844In the categories of apartments and villas in the Dubai real estate market, there was an increase in both sales volume and cost. According to reports, 6,050 apartments with a total value of 11.7 billion dirhams were sold in Dubai in August of this year. According to Zoom Property Insights, these figures show an increase of about 37% in...
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