Union Properties, an outstanding developer in Dubai, asserts that its recuperation tasks yield the preferred outcomes for buyers and the nearby real estate marketplace."The increase in net income for 2023 is a testament to Union Properties' steadfast dedication to transparency," the company stated in a press launch.Union Properties emphasized its ongoing efforts to enhance governance, reform corporate...
Dubai is poised to witness the emergence of three new master communities in 2024, further bolstering the villa and townhouse supply in the market and signaling the next phase of expansion for the emirate.New Master Communities on the HorizonProperty Monitor, a prominent real estate market intelligence provider, has reported that these upcoming developments include two new communities revealed by...
Demand Outstrips Supply for Spacious Villas in Post-Pandemic DubaiIn a pass to cater to the surging demand for uber-luxury residences, Dubai-primarily based Arista Properties has unveiled the Dh500 million Wadi Villas development, located inside the prestigious Mohammed Bin Rashid Al Maktoum City, District eleven, Meydan. This release comes at a time when the urge for spacious villas has soared, with...
Rent Payments in Dubai Shifting to DigitalDubai tenants and landlords now have the option to make and receive rent payments through direct debit, eliminating the need for outdated cheque payments.The Direct Debit System, which is the UAE's initial paperless direct debit marketplace, has joined forces with Keyper, a prominent technology-driven property management platform backed by venture capital, to...
Dubai is ready to witness the emergence of a brand new architectural icon with the announcement of Waldorf Astoria Residences Dubai Downtown, a joint task among international hospitality giant Hilton and esteemed actual property developer NABNI Developments. Scheduled for of entirety by means of 2028 in the vibrant heart of Downtown Dubai, this challenge marks a historical milestone because the first...
The Real Estate Regulatory Authority (Rera) index for Dubai has been updated, potentially affecting long-term tenants, according to an expert. Better Homes CEO Richard Waind announced that the Rera calculator was revised on March 1 to better align future renewals with current market rentals. The calculator provides landlords and tenants with information on how much rent can increase upon renewal based on...
Samana Developers, a prominent entity in the Dubai real estate market, has recently inked two joint venture agreements with Defence Housing Authority (DHA) Pakistan during the International Property Show Dubai.Collaboration with DHA IslamabadThe first agreement, signed with DHA Islamabad, involves partnerships between Imran Farooq, CEO of Samana Developers, and Brigadier Muqeem Ahmed Subhani, director of...
The DFM General Index rose sharply in February, posting the third-highest monthly gain across the GCC region. The increase was confirmed in Kamco Invest’s GCC Markets Monthly Report, which noted an increase of 3.4%, ending the index at 4,308.8 points. Despite these positive developments, month-on-month sector performance showed a mixed picture, with five of the eight sector indices declining and the...
Short-time period leases are becoming more and more famous among UAE residents as they offer huge ability for added profits. Industry experts recognize that many first-time property owners are now choosing to list their properties for short-term rental to generate extra cash. Like many exceptional sectors, the quick-time period apartment market professional a downturn throughout the COVID-19 pandemic in...
Dubai’s red-hot property market saw apartment prices rise at their fastest rate in over a decade in January 2024, according to the latest ValuStrat Price Index (VPI) report. This growth was fueled by strong demand amid limited ready supply, as developers focused on off-plan sales.Surging Capital Appreciation for Apartments Catches Up to VillasThe VPI, which tracks changes in capital values for typical...
Prices of high residential properties in Dubai surged using more than 16 percent last 12 months, marking the second one-fastest increase in growth rate globally, driven via a robust call amidst a broader financial rebound.According to assets consultancy Knight Frank’s film released on Wednesday, homes valued at $10 million or more in the best neighborhoods like The Palm Jumeirah, Emirates Hills, and...
IntroductionAnalysts suggest that recent changes in UAE Golden Visa rules could significantly benefit Dubai’s real estate investors. This article explores how to apply for a visa, associated costs, and expert opinions on the matter.Impact on Dubai Real EstateThe UAE government’s selection to take away the AED1 million ($272,000) minimal down fee requirement for Golden Visa eligibility through real...
Luxury Living Revolution – A Visionary ExpansionDubai’s real estate panorama is on the brink of a brilliant transformation as Emaar Properties, a leading developer inside the vicinity, publicizes an enormous expansion of its prestigious residential improvement, The Oasis via Emaar. Renowned for its architectural elegance and indoor sophistication crafted by way of global design luminaries, this task is...
A New Haven for Waterfront LivingIn the wake of a successful relaunch of Palm Jebel Ali, Nakheel, the prominent Dubai-based developer, introduces yet another sought-after destination for waterfront living: Dubai Islands (formerly recognized as ‘Deira Islands’). The unveiling of off-plan sales for the opulent homes at Dubai Islands has sparked an unprecedented rush among potential buyers and property...
In the bustling real estate landscape of Dubai, where investment opportunities abound, it’s vital for prospective customers to delve beyond the surface and draw close to the whole spectrum of expenses related to property acquisition.While the listed price would possibly seize the attention, its myriad of additional costs, prices, and recurrent fees paint the entire picture of ownership expenses in this...
Luxurious Interiors and AmenitiesDAMAC Properties, a leading luxurious real estate developer in the UAE, has brought ‘The Sapphire‘ tower, the stylish addition to its esteemed Safa series. This series, which is famous for its incredible and sumptuous interiors, appeals to today's humans trying to find a wealthy way of existence.Commitment to Excellence“As we step into the new year, DAMAC reaffirms...
The Dubai real estate marketplace experienced a fantastic boom in January 2024, with profits carrying out $9.6 billion (AED35.Four billion) – a considerable 27% increase as compared to January 2023 sales, in line with a report through the usage of the property portal Property Finder. The market saw a 17% year-to-year (YoY) surge in recorded profits transactions, exceeding 11,000 in comparison to 8,712...
Off-Plan Property Segment Continues GrowthThe UAE real estate area witnessed widespread growth the remaining year, attaining sales of $124 billion, with Dubai's off-plan asset purchases playing a great role.Off-plan actual property sales in Dubai are expected to receive a similar improvement because of modifications in Golden Visa guidelines and changes in delivery.Despite the completion of over 60,000...
Dubai Land Department’s DeadlineDubai’s real estate panorama is the present process a directive from the Dubai Land Department, compelling real estate sellers to rapidly take away any residences unavailable for sale or lease from their digital systems.Inspection Reveals DiscrepanciesScheduled inspections of electronic real estate portals have found lingering listings of properties now not available,...
Dubai’s real estate sector is thriving, cementing its reputation as a gold standard destination for investors looking for diversification and robust returns. Bas Kooijman, CEO and Asset Manager of DHF Capital S.A. Forecasts a 5% growth in the marketplace for 2024, based on the latest statistics indicating a tremendous $100 billion funding inflow in 2023. The UAE economy is also predicted to obtain a...
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