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05.09.20223401According to the Dubai Land Department, this week Dubai reported 2,739 transactions totaling 8.4 billion dirhams (2.3 billion US dollars) (DLD). In the week ending August 26, 274 plots of land worth 1.36 billion dirhams and 1,902 houses worth 4.35 billion dirhams were sold in the emirate. The most expensive transaction was the...
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05.09.20223267According to a new report by the consulting company ValuStrat, rents for residential real estate in Abu Dhabi fell in the second quarter to the lowest level since 2016. The ValuStrat price Index (WPI) for rental prices in Abu Dhabi decreased by 3.4% compared to the previous quarter to 72.3 points, which is 27.7% lower than in 2016. The...
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05.09.20224060Dubai developers are restoring long-term payment terms after the transfer of the facility; recent unscheduled launches even included provisions for a «7.5-year deadline». The goal is to dispel buyers' concerns about rising mortgage rates, especially since at least a couple more increases will occur at the end of this year. Another popular...
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05.09.20223974The 10-year residency program «Golden Visa» has aroused great interest among foreign investors in buying real estate in Dubai, which has become one of the most popular investment destinations in the world. Zoom Property Insights reported that Dubai is expected to attract a significant share of the global citizenship by investment market,...
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05.09.20224805The single largest sale of residential land on Jumeirah Bay Island, which occupies 46,222 square meters of prime coastal location, was closed for 180 million dirhams ($50 million). Jumeirah Bay offers first-class real estate on the seashore for wealthy people. The sale of this plot on the island of Jumeirah Bay broke the previous record of...
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05.09.20227225A radical idea developed by the architectural firm Zero Space will transform the Dubai skyline. Downtown Circle, a 550-meter-high ring that will surround the Burj Khalifa. This idea is designed to challenge the generally accepted notions of skyscraper housing and gated communities. In addition, sustainability and self-sufficiency are the...
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05.09.20223229The total value of real estate transactions for the week ended August 19, 2022, amounted to 10.3 billion dirhams. A total of 3,149 transactions were made. 2,239 apartments and villas were sold for 3.94 billion dirhams, while 344 plots were sold for 2.55 billion dirhams. The top three deals included the sale of land in Al Wasl for...
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05.09.20223782The UAE has tightened the rules for investing in real estate and asked real estate agents, brokers and law firms to report cash transactions in the amount of 55,000 dirhams and above to the UAE Financial Intelligence Unit. The Government has announced new reporting requirements for certain real estate transactions in order to strengthen...
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05.09.20224841Dubai's real estate market remained stable and ranked fourth in the world in terms of the growth in the cost of luxury housing in the first half of the year, as prices rose by 4.7% compared to an average of 2.4% in 30 cities around the world, as the emirate attracted wealthy individuals and investors after a successful strategy to combat COVID-19...
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31.08.20224902As the demand for villas in Dubai is unabated and the supply is gradually being exhausted, Dubai developers are getting ready to launch new promising projects. And not a moment too soon! Market analysts forecast that the demand in this sector, including medium-priced and premium-class properties, will remain unchanged in the nearest future...
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