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).
If you seek to stand out and appreciate unconventional solutions, you’ll be intrigued by the “country dachas” on an artificial archipelago. The Floating Seahorse project from the Kleindienst Group features unique floating homes with underwater floors and their own coral reef gardens. These are high-tech vessels located 4 kilometers from the coast, consisting of three levels.
The COVID-19 pandemic had a significant impact on the real estate market in the UAE, resulting in dynamic growth across all housing segments, from economy to luxury. Investment attractiveness, wide business opportunities, the loyalty of legislation, and the availability of mortgage loans have become the main motivators for this growth.
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.
In the center of Business Bay, in the fashionable territory of the United Arab Emirates, rises the 69-story Paramount Dubai hotel, turning into a real “blockbuster” of hotel offerings. Here, with the help of modern media technologies, every corner, from the 823 rooms to the lobbies and lounges, is imbued with the glamorous atmosphere of American cinema.
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.
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.
Fresh seawater, a private beach, and investment attractiveness – what should you consider when choosing your dream home?
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.
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.
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 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.
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.
Dubai is known for its unique architecture, sophisticated lifestyle, and vibrant economy. Many people dream of purchasing real estate in this amazing place. However, when taking such an important step as buying land, various factors need to be taken into account. In this article, we will look at what you should pay attention to when purchasing a plot of land in Dubai.
European massage: one of Dubai’s favourite spa experiences. The demand for high-quality wellness experiences is ever-growing in Dubai. One is undoubtedly the European massage, which has a loyal following among the city’s residents and visitors….
At times, life becomes overly monotonous, filled with a series of repetitive tasks. We struggle to find time for relaxation from everyday chores and work. In these moments, it’s vital to prioritise self-care, regain inner…
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Car rental in Dubai is a great way to explore the city at your own pace. Whether you’re in Dubai for business or pleasure, having a car at your disposal provides freedom and convenience. At…
The premium villa and townhouse market in Dubai and other UAE emirates is currently experiencing distinctive dynamics, capturing the interest of investors. This segment is recognized as one of the most competitive in the region, where a combination of limited supply and high demand creates a dynamic and vibrant environment.
Real estate in Dubai frequently triggers apprehensions and uncertainties. However, let’s delve into these concerns together to understand why Dubai continues to stand out as one of the most captivating destinations for both residence and investment.
When going on vacation to the United Arab Emirates, many people think about where and how to spend their vacation. This article presents to your attention the top ways to spend time in Dubai, one of the most luxurious cities in the United Arab Emirates.
When exploring listings on the secondary market in Dubai, you may come across apartments priced as low as 1.1 million. However, their diverse characteristics, including location, size, floor, or window view, could be decisive factors. Therefore, while the price may seem low, the overall cost per square foot and available options may turn out to be higher.
In recent years, the real estate market in the United Arab Emirates has experienced significant growth. However, not every offer merits attention. Let’s examine the drawbacks of the race for new developments.
Choosing a property in Dubai that promises high returns is no easy feat. Behind each project lie captivating renders depicting a luxurious lifestyle and promising prospects. However, many agents remain silent on crucial aspects. Let’s explore how to ensure successful real estate investments in Dubai.
Many people, having acquired a small capital, seek to invest it in purchasing an apartment for rent or subsequent resale. People who have accumulated more serious wealth prefer long-term investments in commercial real estate to diversify their assets and provide themselves with passive income.
We analyzed the 9 most common myths about Dubai. Is everything really that expensive? Is it impossible to buy a SIM card? What about clothes? Continued in our article.
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.
We welcome all entrepreneurs and those dreaming of starting a business in the United Arab Emirates. Today, we want to share important information about tax incentives for businesses in Free Economic Zones (FEZs) in Dubai and other regions of the UAE.
The UAE became a federal state in 1971 with six emirates and a seventh joining a year later. The history of the UAE is characterized by rapid development; there is no other country in the world that has formed and developed into such a state in such a short time.
Today, we would like to share with you our thoughts and experiences on a topic that often remains in the shadows when discussing business strategies – risk assessment in businesses in the Emirates.
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In today’s fast-paced world, convenience is king. Consumers are constantly seeking ways to simplify their lives and streamline their daily tasks. One industry that has embraced this demand for convenience is the fragrance industry, with…
