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12.07.20224670Dubai’s real estate proposition could benefit following a partnership between the Dubai Land Department and Emirates NBD. In the near future, rental cheque payments will be automated and digitised via the Central Bank of the UAE’s Direct Debit System (UAEDDS), according to the DLD. “The real estate industry in the UAE is one of the best and most...
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12.07.20227981Despite the general global geopolitical instability and the lingering implications of the pandemic, the UAE remains a haven for investors. The activity at the beginning of 2022 confirmed analysts’ optimistic forecasts from late 2021 and continued last year’s positive trends in the market of real estate in Dubai and the UAE as a whole. We will look...
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11.07.20225155Dubai-based Samana Developers is shouldering the cost of obtaining a UAE Golden Visa for its eligible customers. The company, which has seen an increase in the number of foreign investors inquiring about the UAE property market in recent months, said it set up a “one-stop service” to assist investors in obtaining the 10-year visa. The service, of...
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10.07.20224232Dubai’s real estate market recorded transactions worth $462.8 million (AED 1.7 billion) on Wednesday, 22 June, up from $380 million (AED1.2 billion) on Monday, 20 June, as the strong momentum in property demand continues. On 22 June, Dubai witnessed the completion of 486 sales transactions worth AED 1.31 billion, in addition to 93 mortgage deals...
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09.07.20223874DUBAI: In 2020, headlines around the globe proclaimed the “death of the city” and predicted a widespread pandemic-prompted urban exodus. Yet, while several city dwellers abandoned the urban streets searching for greener pastures, many stayed and even more are now flocking back, drawn by the vibrant, cosmopolitan lifestyle that only the world’s...
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08.07.20224903Home loan rates could rise up to 7%, and buyers need alternative options for financing. To avoid unbearable mortgage obligations, buyers of real estate in the UAE today can turn to developers offering rental schemes with subsequent redemption. And for those who still want to get a mortgage in a bank, it is worth considering those that offer...
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08.07.20224504According to the latest CBRE report, the average rent in Dubai for the 12 months to May 2022 increased by 19.1%, while the average rent for apartments and villas increased by 18.3% and 24.3%, respectively. The Dubai Residential Real Estate Market Survey for June 2022, published by CBRE, shows that rents for apartments and villas in Dubai are...
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08.07.20224812Real estate investors and owner-occupiers, who will now have the opportunity to purchase inexpensive real estate at a short distance from the city. Transport links are always an advantage for investors who want to invest their money in real estate in any city, and Dubai is no exception. The UAE's national rail network Etihad Rail recently...
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08.07.20224603Since the value of bitcoins remains below the nominal value of $20,000, buyers of real estate in Dubai are turning to an alternative — a cryptocurrency called Stablecoins to make deals. This currency, due to its structure, provides relative stability compared to other variants of digital currencies. Be that as it may, buyers and sellers should...
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08.07.20224377According to the Dubai Land Department (DLD), on June 16, 2022, 293 sales totaling 917.85 million dirhams were registered in the Dubai real estate market, as well as 92 mortgage transactions worth 294.6 million dirhams and 16 gift transactions worth 47.86 million dirhams. Sales included 410 villas and apartments for 816.03 million dirhams and 32...
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