In the fiscal year 2022-2023, Dubai witnessed an unprecedented surge in its real estate market, with a staggering 80% increase in property transactions compared to the previous year. The total sales volume surpassed an impressive $57 billion.
Serviced offices are a unique format of office real estate, where the operator of the service space provides a full range of services for successful business. This format includes everything from the ability to accommodate employees to the provision of reception services, cleaning services, coffee ladies, and a carefully thought-out technological infrastructure for office management.
Dubai is considered one of the most vibrant and rapidly growing cities in the world, continuing to stun the world with its ambitious construction projects. The real estate market in the city provides a vast array of investment opportunities, particularly in the new construction sector, where the city aims to enhance its reputation as a global business and financial center.
Developer Hussein Sajwani has amassed immense wealth in the real estate sector, employing unique promotions and leveraging his friendship with Donald Trump.
The real estate market in this small emirate has become a focal point for global investors. According to the Dubai Land Department, there were over 61,000 transactions from January to June 2023, a significant 43% increase compared to the same period last year.
As of the beginning of the second half of 2023, 35% of projects in Dubai were commissioned behind schedule. The average delay in commissioning for new buildings was six months, with larger projects experiencing a lag of up to two and a half years. 41% of projects delivered at the wrong time are delayed for 10 years.
Dubai is famous for its investment appeal, but often the spotlight falls on the same well-known areas that everyone talks about and aspires to explore. However, within this dynamic and rapidly evolving city, there exist lesser-known gems, where the potential for comparable or even superior returns on investment is ripe.
The United Arab Emirates (UAE) stands out as a premier destination for foreign nationals seeking real estate investments. Dubai, in particular, competes vigorously with the capital, Abu Dhabi. Despite a real estate market slump during the 2019-2021 COVID-19-induced depression, Dubai rebounded and demonstrated robust growth in 2022, with property prices soaring by 9.94% and rental prices surging by 23.69% in July.
In 2002, the landscape of Dubai’s real estate underwent a significant transformation when the government of the United Arab Emirates granted foreign citizens the right to own property in Dubai. This move initiated a construction boom that attracted investors from all over the world. With the market recovering from the COVID-19 pandemic in 2022, the demand for real estate has increased significantly, with the weighted average price per square foot increasing by 10.26%, reaching AED 1,019.
Designed by the renowned Spanish architect Santiago Calatrava, known for his innovative designs, the Dubai Creek Tower represents a fusion of modern technology and aesthetic beauty. Its architectural concept, inspired by nature, captures the elegance of a blooming lily flower.
Fresh seawater, a private beach, and investment attractiveness – what should you consider when choosing your dream home?
Surprisingly, the most popular method of renting property in Dubai at the moment is off-plan leasing. How does this process work?
Earning income from rental properties has been quite popular in Dubai in recent decades. Renting in Dubai guarantees a return of 4 to 9 percent, according to analytical data in 2023. This area is developing rapidly every year. The advantage of investing in real estate is a high percentage of income, reduced risks, protection of capital from inflation, as well as favorable conditions for owners, and terms of concluding a contract. We will consider the key points that investors and tenants planning to invest their savings in UAE real estate should pay attention to.
Dubai is one of the sought-after tourist destinations in the world and many people have expressed interest in purchasing property in the city. One way to do this is to purchase apartments in Dubai hotels. In this article we will look at how to purchase a room, what you should pay attention to, and also consider the pros and cons of this type of investment.
For individuals keen on generating passive income through long-term investments, apartments stand out as a lucrative bonus on the investment landscape. This property attracts with its cost and faster payback.
What do you need to consider when looking for an apartment for a successful sale with a good margin? Three key criteria: the potential of the apartment, the condition of the house, and the location. At first, you will have to rely on your intuition, but with experience, you will be able to immediately see potential “diamonds”.
Flipping is an investment strategy where a property is purchased at a low price, renovated, and sold for a higher price. Of course, it’s more complicated. For successful flipping, it is important to take into account the potential of the apartment: the convenience of location, the presence of social facilities, the amount of repair work, and the amount of investment.
Dubai is a city that attracts people from all over the world with its modernity, diversity, and high standard of living. Many people want to buy property in Dubai, and in this article, we will tell you how to do it.
Buying a private island in Dubai is a luxury that only the wealthiest people in the world can afford. It can become a vacation spot, an investment, or even a business project. However, before you start purchasing, you need to make sure that it is the right choice for you.
Dubai is a city famous for its skyscrapers and luxury. Every year, thousands of tourists visit here to bask in the warm and bright sun and to swim in the crystal-clear waters of the sea. But what if you want to not only enjoy your holiday here but also buy real estate in this city? In this article, we will discuss the advantages of buying an apartment by the sea in Dubai.
More and more people are considering real estate in Dubai as an opportunity for permanent residence, vacation or profitable investment. One of the most pressing issues is the cost of apartments in Dubai.
The UAE has one of the most developed real estate markets in the world, offering a wide range of apartments, houses, villas, and penthouses. There has been a recent surge in demand for private houses, townhouses, and villas in Dubai that come with their own gardens and swimming pools. Over the past year, property sales have increased by 57%. The largest increase in prices occurred in the premium villa segment.
Omniyat’s portfolio includes various high-end properties. Some of these facilities have already been completed, while others are still under development.
Omniyat is a leading property developer in Dubai. Omniyat offers innovative solutions for various properties, including residential complexes, hotels, malls, and offices.
Emaar Properties is one of the largest property developers in Dubai and one of the most recognized brands in the real estate industry. The company was founded in 1997 by the owner of the Emirates Corporation Dubai Holdings, Mohamed Alabbar. Since then, Emaar has become an iconic symbol of Dubai’s ambitions to develop the city into an international hub for business and tourism activities.
Real estate development in the UAE is one of the fastest-growing industries. Many foreign buyers invest their money in real estate as it can generate stable income.
Today, the issue of buying a villa in Dubai is becoming increasingly popular both for those who want to move to Dubai and live as comfortably as possible and for those who are engaged in the renovation of villas for resale. In this article, we will talk about houses and villas in Dubai, UAE.
The real estate market in Dubai has experienced a significant increase in 2021-2022, with prices rising over 30%. This trend is expected to continue as demand for local houses and apartments remains high. In the first quarter of 2023, there were over 30,000 real estate transactions, indicating a strong interest in the Dubai real estate market. This also allows us to make bold forecasts for further growth and expect new records this year.
The Dubai residential real estate market has set a sales record in 2022. Contrary to popular belief, not only because of the influx of Russian money. Investors from Western Europe and Asian countries showed high interest. And new promising projects are appearing in Dubai – in particular, the Damac Harbor Lights skyscraper.
The UAE residential real estate market continues to develop rapidly. Developers are launching new projects aimed at a premium audience. In partnership with Marriott International, MAG Group is constructing the Ritz-Carlton Residences. The opening event will be highly anticipated in Dubai.
