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04.02.20224392The most popular topic for discussion in the real estate sector in 2021 was the exponential growth of the luxury housing market in Dubai. Knight Frank previously reported that in the ultra-premium segment, the number of homes sold for more than $ 10 million broke the annual record set back in 2015. Palm, Emirates Hills and Jumeirah Bay accounted...
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04.02.20223773Homeowners' association (HOA) in Dubai have the right to change the property and facilities management company in the middle of the contract term. The property owner can file a claim with HOA’s, which can then apply for a replacement for the management company by sending a letter to RERA requesting a replacement. If the company does...
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04.02.20224197According to the Dubai Land Department, 84,196 real estate transactions worth 300 billion dirhams ($82 billion) were registered in Dubai last year, which is the highest annual figure in the history of the emirate. The capital value of villas and apartments in Dubai increased in the fourth quarter of last year, according to the real estate...
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01.02.202271605Personal vehicles are an important part of life in the United Arab Emirates, so if you are planning to relocate, it is crucial to understand the ins and outs of buying and maintaining a car in Dubai. Can a non-resident buy a car in the UAE? How can you import a car with a foreign plate? What are the expenses and the procedure for registering a car?...
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31.01.20224006Dubai's real estate market is expected to grow in 2022, despite COVID-19 causing uncertainty in the market, as strategic government initiatives, visa reforms, a sustainable economy and a successful strategy to combat the pandemic will continue to attract global investors. Recent data show that the decline in the loan-to-value ratio and the...
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31.01.20224229DMC's Uptown Tower has reached a height of 329 meters and is being prepared for completion in the third quarter of 2022. The 79-storey tower is expected to become the first ultra-tall tower in the center of Dubai, a new area near the Jumeirah Lakes Towers, Jumeirah Park and the Jumeirah Islands in the south of the city. Uptown Tower...
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31.01.20224111Dubai Land Department (DLD) has signed memorandums of understanding with companies specializing in providing intelligent and advanced real estate solutions. As part of the memorandum, the companies will provide high-quality, interactive data on real estate prices by region and in accordance with the construction of real estate, including...
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31.01.20223813According to the consulting company ValuStrat, the cost of villas and apartments in Abu Dhabi has increased significantly over the past five years in the fourth quarter of 2021, which was facilitated by the economic recovery of the UAE. The ValuStrat Price Index (VPI) for Abu Dhabi, which tracked five cottage settlements and five...
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31.01.20223915Recently, a multi-billion-dollar resort development project was announced on the artificial island of Al-Marjan in Ras Al-Khaimah. The multifunctional integrated resort, scheduled to open in 2026, will be the largest foreign investment of its kind in Ras Al-Khaimah. The planned location will include a luxury hotel with more than 1,000 rooms, a...
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31.01.20224288287 plots were sold for 1.08 billion dirhams, while 1,059 apartments and villas were bought for 2.25 billion dirhams. TOP-3 deals included a plot of land in Al Hebiah Fifth, sold for 190 million dirhams, then a plot of land that was sold for 45 million dirhams in Al Thanyah First, as well as a plot sold for 190 million dirhams in Al Hebiah...
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