Throughout last year, there was a boom in the real estate market in Dubai and the entire United Arab Emirates (UAE). The rise is easy to follow by the numbers: in 2019, just over 36,000 real estate transactions were concluded in the emirate, in 2021 – 54,000, and 2022 – 86,000. The total amount of transactions amounted to $56.5 billion, which is 80% higher than the same figure in 2021.
With the rapid growth of inflation, the question of how not to lose your savings and where to invest them becomes especially relevant. One of the most popular options for saving money is investing in real estate.
In the world of real estate, Dubai occupies one of the leading positions, adhering to an innovative and progressive approach. It is interesting to consider the changes that will impact the market in the coming years.
Fresh air, clean sea, vast natural beaches, stunning mangroves, a hub of cultural and educational activity, and a high level of development – Abu Dhabi is a genuine paradise on earth. Astute investors are increasingly focusing on the real estate market in this rapidly advancing emirate, recognizing its immense growth potential. Projects like the Louvre Residences and Saadiyat Lagoons on Saadiyat Island or the Yas Golf Collection on Yas Island offer exceptional opportunities for both residence and investment.
The Prophet Muhammad is known to have owned several fast camels, the most famous of which was Kaswa.
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Dubai is a beacon of modernity and progress in the Middle East. However, just a few decades ago, it was primarily inhabited by Bedouins, fishermen, traditional farmers, and nomads. These people lived in tents and…
News on Investments in EdTech Startups in the Past Week. We’ll tell you how to increase the volume of attracted investments.
Dubai has been one of the leading international business centers and economic leaders of the future for several years now. Recently, it has become clear that it is also a key destination for foreign offices and domestic companies. According to Yale University, the total number has exceeded 1,000 and continues to grow. However, to successfully penetrate this lucrative market, which offers many business opportunities, it is necessary to develop a strategy that takes into account both local conditions and many unpredictable factors. In this article, we will discuss the features of PR in the UAE and effective strategies for business development in this region, especially in Dubai.
The real estate market in the United Arab Emirates sets new records year after year, and in 2023, it grew by tens of percent. This growth is expected to continue next year as the Emirates confirms its reputation as a global business center. This factor, together with tax benefits and quality of life, attracts wealthy people from all over the world, increasing the demand for real estate and rental rates.
In this article, we will summarize the key calendar events that are worth noting for successful business in this region.
A steady flow of wealthy clients ensures high demand for real estate in Dubai, especially in the prestigious segment. The reasons for Dubai’s attractiveness are numerous. Firstly, the country is the world’s largest transport hub for global imports and exports, from Europe to Asia. The ideal location in the region ensures efficient and profitable planning of logistics flows. You can cross two-thirds of the planet in eight hours by plane from the Emirates, and the country has some of the busiest shipping and airports in the world.
The journey of investors in Dubai often involves navigating through challenging mistakes arising from practical situations in a market marked by its diversity. Understanding the intricacies of property ownership is crucial, including different statuses such as freehold, 99-year leasehold for specific locations, and properties inaccessible to foreign investors.
Ras Al Khaimah, the Northern Gem of the UAE, emerges as a prime destination for real estate investors. With burgeoning development, the emirate presents lucrative investment prospects, attracting both local and international interest.
Dubai, one of the most impressive cities globally, is renowned for its unique projects, and Palm Jebel Ali stands out as one of the largest artificial islands with grand prospects. The new palm-shaped island aspires to replicate the success of Palm Jumeirah, which has become an integral part of the city’s landscape. Let’s delve into the details of this exciting project.
British critic of architecture and urbanism, Tom Dyckhoff, notes that Dubai is actively seeking to change its image, aiming to create a city that is not just luxurious, but also elegant. Plans to transform Dubai into a “proper city” include hinterland areas beyond luxury resorts for major league football stars.
Since the establishment of the United Arab Emirates, the Emirs of Abu Dhabi have exerted substantial efforts to transform the fragile union of monarchies into a centralized state.
In 2022, according to Metropolitan Group reports, luxury property prices in the United Arab Emirates doubled, and sales increased by 130%, reaching Dh11 billion. The number of real estate purchase transactions in the country increased more than 10 times compared to the previous year, with the average transaction value being more than 4 million UAE dirhams ($1.2 million).
In recent years, Dubai’s real estate market has witnessed significant development, setting remarkable records that have given rise to both positive and negative myths.
Developer Hussein Sajwani has amassed immense wealth in the real estate sector, employing unique promotions and leveraging his friendship with Donald Trump.
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.
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.
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.
Abu Dhabi’s real estate market is fascinating due to its comprehensive development, which impacts all aspects of life and the economy within the emirate and the country as a whole. The region’s growth is not limited to housing construction but includes the development of entire neighborhoods, catering to the needs of both expats and the local population. New residential projects go side by side with hospitals, schools, universities, and, of course, museums – the hallmark of Abu Dhabi in the 2020s.
Since opening to foreigners in 2019, Abu Dhabi’s real estate market has seen steady growth in sales of apartments and villas, with some projects experiencing price increases of up to 25%.
In this article we will know about the origins of the electronic tourist encyclopedia in Dubai, exploring both its creators and the timeframe of its inception.
What kind of sea in the UAE interests everyone who goes on vacation to this country? It is located on the Arabian Peninsula, in a northeast direction.
The UAE’s population is projected to increase by 92,756 due to migration. In other words, the number of permanent residents entering the country will exceed the current total number of residents.
After gaining independence, the United Arab Emirates introduced a single-state currency – the dirham. At the international level, the name of the currency is usually abbreviated to AED. The abbreviations DH and DHS also exist. One hundred fils is worth one dirham.
