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01.03.20233048The unrivaled Gems Estates project, developed by the leading construction company, Damac Properties, is located in the premium area of Damac Hills, in close proximity to the golf courses. The residential community includes premium residences designed by the emirate's key developer in collaboration with jewelry brand, de Grisogono, and renowned...
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01.03.20233246During the week ending February 17, 2023, a total of 2,702 real estate transactions were made in the amount of 10.4 dirhams. For a total of 1.42 billion dirhams and 4.63 billion dirhams, respectively, 221 plots and 1,866 houses were sold. Land in Business Bay, which was sold for 150 million dirhams UAE, took first place, followed...
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01.03.20233175According to data provided by the Dubai Land Department (DLD), on Monday, February 13, 2023, 490 sales worth 1.17 billion dirhams were registered in the Dubai real estate market, as well as 86 mortgage agreements totaling 177.94 million dirhams and 15 gift transactions totaling 55.81 million dirhams. The sales included 49 land plots worth...
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01.03.20233608An apartment in Bulgari Resort and Residences in Dubai has set a new record for the highest price per square meter in the city. A three-bedroom property on Jumeirah Bay Island was sold for 40 million dirhams ($10.9 million), which corresponds to 12,624 dirhams per square foot or $37,108 per square meter, amid a growing real estate market,...
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01.03.20232733Dubai's new super-luxury residential neighborhoods are getting close to selling homes for 100 million dirhams or more. In early February, an Indian family purchased an eight-bedroom villa on Lantau Island for AED 90.5 million. According to a representative of Metropolitan Premium Properties (MPP), a luxury mansion with a lagoon will be...
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01.03.20233135In Dubai, the Ejari online real estate registration system is integrated with the Central Bank's direct debit system, which allows landlords to directly deduct rent from the tenant's account, eliminating the need for checks with a subsequent date. But one big question for tenants making monthly, quarterly or semi-annual payments is whether...
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01.03.20232723On Monday, February 13, 2023, the Seaside Hill Residence project was presented. Seaside Hill Residence, located in the elegant Al Zorah neighborhood, consists of three interconnected buildings. The project includes apartments with one, two and three bedrooms with an area of up to 237 square meters, as well as two luxury penthouses with...
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01.03.20236683According to the latest information provided by the Dubai Department of Economy and Tourism (DET), the city received 14.36 million foreign visitors in 2022, which is 97% more than the 7.28 million visitors who arrived in 2021. The Emirate was also close to reaching the 16.73 million visitors it had before the pandemic in 2019. This further...
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27.02.20233146Since the beginning of 2022, investments by Russian citizens in real estate in Dubai have grown by 79% compared to the beginning of 2021. In 2023, Russians continue to actively buy housing and invest in the Dubai real estate market. Some people decided to withdraw their funds offshore to save them, and some people got a residence visa and moved to...
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24.02.20232840Dubai Holding, a diversified company with an investment portfolio of AED 130 billion, has signed a legally binding joint venture agreement with Aldar Properties, a leading developer, investor, and property manager in Abu Dhabi. The project aims to create exciting new living conditions in key areas of Dubai. Content: Cooperation...
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