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06.01.20224086In the near future, UAE residents will be able to live on an island with stunning views of the beach, enjoying a first-class selection of retail stores and restaurants. On Tuesday, the Government of Umm al-Quwain announced a large-scale development of Al-Sinnia Island worth 2.47 billion dirhams, the oldest island in the UAE with...
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06.01.20224079600 loans for UAE citizens in Dubai have been approved by the Government as part of the national housing program. Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai, tweeted that the loans were approved in accordance with the instructions of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai. The Crown Prince stated...
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06.01.20224180In the last two years, holiday houses/apartments for short-term stays in Dubai have become serious competitors to urban hotels. Such projects have always been popular with visitors to the Persian Gulf countries, who tend to spacious real estate. The owners of holiday houses in Dubai are waiting for the New Year holidays, offering...
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06.01.20223804Dubai's real estate market has entered the next year with record sales, growing demand and confident developers. At the moment, Palm Jumeirah, Dubai Hills and Emirates Hills are the most popular areas for those who dream of a luxurious life. The prices for villas range from AED 1,500,000 to AED 2,000,000. In 2022, lots of unique projects...
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01.01.20224398Experts warn: if you are planning to move to a new villa in Dubai, then be ready to pay somewhere 20-40% more, as the demand for villas and townhouses continues to grow. At the moment, almost every villa that is likely to be commissioned within the next three months has already been reserved. The demand clearly exceeds supply. Based on...
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01.01.20225026Fees for services are set and charged on an annual basis by Homeowner Association (HOA) after getting permission from Dubai Land Department. The actual fees are made by the management companies of HOA, which subsequently spend these funds on the maintenance of property in the building. «Of course, the situation with service fees has...
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29.12.202117900Profitability is a key business term and one of the key concepts when investing and doing business. In this article, we will look at profitability and its role in investment activity from various points of view. First of all, in real estate investment, and in particular, real estate investment in Dubai. Content: What is profitability, and how...
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28.12.20213934It became known that low housing finance rates will increase next year. Currently, real estate purchases in Dubai for cash and mortgage transactions are approximately at the same level. During 2021, investors bought real estate in the UAE. Real estate sales with mortgage loans accounted for 50% of total sales over the past six months...
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28.12.20214399After new records in sales of villas and townhouses, the Dubai real estate market is growing rapidly in terms of land plots. In Jumeirah Bay, the land cost AED 80,000,000. It is the most expensive on the island. Jumeirah Bay is still the place where the best-selling houses are located. A few weeks ago, the house was sold for AED 121,000,000 on the...
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26.12.20214621This week, 1,685 real estate transactions worth AED 7.4 billion were made in Dubai. Dubai Land Department reported that 177 apartments were sold for AED 2.15 billion, while 1137 apartments and villas were sold for AED 2.8 billion. The top three deals included land sold in Al Hebiah Fifth for AED 758.02 million, followed by...
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