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09.03.20223938Dubai Lagoon is located on a land plot where the value of real estate has been steadily increasing over the years. According to investors, the first building on the territory of Dubai Lagoon, a project launched in 2005, may be commissioned in the near future. The initial project was supposed to be implemented in stages from 2008,...
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09.03.20224281Fees for services for property owners and investors in development projects were reduced by 26.4% during 2020 and 2021. According to the Department of Municipalities and Transport (DMT), service charges were reduced by 18.1% in 2020, and another reduction of 8.3% was introduced in 2021. Reduced maintenance fees have resulted in property...
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04.03.202213826Before you buy real estate in Dubai or anywhere else in the UAE when moving with a family, parents should carefully study the local schools, curricula, documents required for enrollment, and much more. Choosing the right institution depends on criteria like the academic activity, learning culture and budget of potential property owners. This...
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03.03.20224106On Wednesday, Hayyan launched its new project worth 3.5 billion dirhams, which will house the largest blue water lagoon and the largest public park in Sharjah. The project covers an area of 8.7 million square feet, accommodates a total of 1,836 villas located in three different zones. The construction is expected to be completed in the...
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03.03.20224127Prices for luxury housing in Dubai increased by 44% in 2021, due to increased demand from wealthy buyers, as the emirate's real estate market continues to recover after COVID-2019, amid government initiatives and effective response to the pandemic in the country. Record growth in prices for luxury housing helped Dubai to take first place...
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03.03.20224530According to a new report by Knight Frank, published on Tuesday, prices for luxury housing in Dubai increased in 2021, outpacing the growth in the luxury real estate markets in the United States. Such an increase in prices was due to the «relentless demand» from wealthy buyers who are attracted by the good quality of life in the emirate,...
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03.03.20225063The construction of the 365-meter-high Ciel Tower in Dubai, which is to become the tallest freestanding hotel in the world, has reached an intermediate stage - 52 floors. The work on the megaproject at Dubai Marina is in full swing in order to meet the planned completion date in the fourth quarter of 2023, and the opening of the hotel in the first...
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03.03.20224048The Dubai real estate market registered 294 purchase and sale transactions worth 666.33 million dirhams and mortgage transactions worth 915.77 million dirhams on Monday, data released by Dubai Land Department (DLD) showed. Sales included 265 villas and apartments worth 556.45 million dirhams and 29 land plots worth 109.88 million dirhams,...
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01.03.20225943The after-effects of the pandemic have affected real estate market in Dubai and the UAE in general. The country’s economy has deteriorated significantly because of closed borders, fewer tourists and the population’s lower spending power. Almost the whole world has faced these issues but the Emirates government’s decisions have become a model for...
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28.02.20224147Dubai Land Department (DLD) has released the 1st edition of Dubai's first ever official Residential Rental Performance Index (RRPI). In January 2022, the total monthly index was 0.938, and the index price was AED 51.101. The monthly index of apartments was 0.943 and the index price was AED 46.994, while the monthly index of...
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