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02.11.20214671New requirements make the application process simpler and more accessible to those who wish to obtain it. The Department of Health–Abu Dhabi (DoH) in collaboration with the Abu Dhabi Residents Office (ADRO) has announced an update for the health insurance requirements for the Golden Visa applicants. This is aimed at making the application process...
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01.11.20215210The average holiday home property price per square meter is USD 2,836 in Abu Dhabi and USD 2,876 in Dubai. Abu Dhabi and Dubai have been ranked among five best cities to buy a holiday home in the world, a new study released by Compare the Market price comparison web-site revealed. The study compares average property prices, the monthly cost of...
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31.10.20214158The value of real estate sales in the first 9 months of 2021 increased by 45.15 percent. In the coming period, Dubai is expected to see a significant economic boost. This has become clear with signs of recovery manifesting in the emirate's economic sector after the COVID-19 pandemic crisis, especially as the UAE is hosting Expo 2020 and a number...
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30.10.20215435Residential capital values in the emirate saw quarterly improvements for the fourth time in a row. Real estate prices in Abu Dhabi increased by 2.6 percent in the third quarter of 2021. The process of recovery in the emirate replicates the one seen in neighbouring Dubai, a new research said. According to the Q3 2021 ValuStrat Price Index (VPI),...
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29.10.20214182S&P Global estimated RAK's economic growth at 3 percent in 2021. Ras Al Khaimah (RAK) can expect a surge in economy post-pandemic. Between 2021 and 2024 the growth of the emirate's economy will return to around 2.5% – that's how S&P Global assesses the situation in RAK in its latest rating report released this week. The awarded rating of...
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28.10.20214157174 plots sold for USD 250 million, 1,080 apartments and villas sold for USD 593 million. 2,245 real estate and property transactions amounting to USD 1.3 billion in total were recorded in Dubai during the week from 21 to 28 October, 2021. According to the Dubai Land Department's weekly report, 174 plots sold for USD 250 million, 1,080 apartments...
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27.10.20214293Sales to Indian and Pakistani investors increased after flights had been resumed and travel restrictions eased. Investors from all over world flock to Dubai in 2021 to invest in the real estate sector. Experts believe, various visa reforms introduced by the government, successful management of the COVID-19 pandemic and a well-planned vaccination...
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26.10.20214560The areas located close to the event site will witness substantial rental prices and demand growth. The Dubai rental market saw an upward trend in Q3, 2021. Rentals increased by almost 14 percent in affordable housing and up to 30 percent in luxury housing in certain areas. This trend is expected to continue throughout the fourth quarter with the...
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25.10.20214274The total number of mortgages registered in Dubai during the first three quarters of the year already exceeds the total number registered in the whole of 2020. The mortgage market in Dubai has shown an exponential growth in the first three quarters of 2021, increasing by 68 percent compared to last year and 71 percent compared to 2019. Latest...
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24.10.20214872Over the last twelve months, much of the activity has been focused on villas and townhouses. Dubai's COVID-19 response and business-friendly environment continued to positively affect the real estate market in Q3 2021 that witnessed plenty of domestic and international demand. New investors and residents were and still are attracted in Dubai by...
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