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19.06.20232954A contractor has appeared in Dubai to carry out the initial stages of the South Bay project - a large elite residential complex. South Bay will be located in the South Dubai area (Dubai South) near Al Maktoum Airport and Expo Road, the venue of Expo 2020. Recently, Dubai South Properties signed a contract with the contractor Ginco General...
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19.06.20232976The demand for properties worth AED 100 million ($27 million) and more is increasingly evident in the Dubai luxury real estate market. The reason for this is a large number of super-stable investors who came to Dubai after the coronavirus epidemic. According to analytical data, about 100,000 millionaires lived in the UAE in 2022. Most...
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19.06.20232906The Emirate of Abu Dhabi began to attract more foreign investment, taking second place in the UAE after Dubai in this indicator. The resort emirate of Ras Al Khaimah was in third place. Foreigners most often invest in residential real estate in Abu Dhabi. As a rule, we are talking about luxury villas in the first line by the sea, the...
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19.06.20233519Department of Municipalities and Transport (DPT) presented a unified Contract Template for off-plan real estate and land sales transactions. A single sample contract will be used in transactions between the developer and the investor. According to the idea of the authorities, the mandatory use of a standard contract should help better...
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19.06.20233418At the end of May, sales started in the Emirate of Ras Al Khaimah in Bay view Residences, an elite residential complex under construction located on Hayat Island. The island is part of the Mina Al Arab resort agglomeration. The residential complex consists of two towers with 14 and 17 floors. There are studios to choose from, as well as...
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19.06.20232795According to statistics, in the real estate market of the United Arab Emirates, villas and apartments of the middle price segment have become the most in demand. Previously, luxury-category real estate was the most in demand. Analysts note that the most popular were two- and one-bedroom apartments, as well as medium-priced villas and...
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19.06.202330421,742 new villas will be built in the Emirate of Abu Dhabi. The development will take a total of 6.5 million m2 and is being carried out in partnership with the Abu Dhabi Housing Authority (ADHA). The project is included in the development roadmap of the Emirate Abu Dhabi Vision 2030. According to the project, the main part - 1500 villas -...
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19.06.20232589In May 2023, 11,700 real estate transactions were made in Dubai, which is 77.6% more than the same indicator in May 2022 (6,587 transactions). The total amount of transactions amounted to AED 34 billion ($9.3 billion), which is 87% more than in May 2022. Then the total amount of transactions was AED 18.3 billion ($4.98 billion). According...
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19.06.20232573By the end of 2023, real estate prices in Dubai may rise unprecedented. Some market participants assume that prices in Dubai overtake such popular cities as Paris and Miami. A possible jump in prices is associated with high demand and record sales figures. From January to May 2023, 50,705 real estate transactions were made in Dubai; this...
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19.06.20232612The Ministry of Finance of the United Arab Emirates has announced new taxation rules for real estate investments. The ministry assumes that the new rules will make the process of paying taxes more transparent and simpler. According to the new rules, foreign companies and property owners must register their investments in real estate....
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