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.
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?
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.
PR
Since the channel feature’s launch in 2015, Telegram has grown significantly, transcending its original purpose as a simple messaging app to become an influential marketing and audience engagement platform. In this discourse, we aim to…
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”.
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.
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.
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%.
The Edge residential complex under construction is two multi-story towers from the Select Group company, located on the banks of the Dubai Canal in the Business Bay area. They offer apartments with 1 or 2 bedrooms. The complex has all the conditions for a comfortable stay. Residents have access to a wide range of additional services. The territory is closed from unauthorized persons; the security service is responsible for security.
Meraas is a private holding company and one of the largest real estate developers in the UAE. It has implemented many projects covering various sectors: restaurant business, leisure, and entertainment, retail, residential, and other real estate. Meraas uses the most advanced technologies to develop and construct its buildings. This allows the creation of a comfortable life for the population of Dubai.
In times of crisis, Dubai has become an island of stability for rich people from different countries. According to Google Destinations Insight, Dubai is second only to London in popularity, ahead of Paris and New York. The UAE currency, the dirham, is pegged to the dollar and is stable.
Since 2019, foreign citizens can fully own real estate in special freehold zones in the UAE, resulting in a growing number of home buyers.
The awards for Al Habtoor Tower and Serenia Living have sparked a new construction boom in Dubai. Experts say this is the best scenario for the UAE economy.
Dubai is a city that most people associate with luxurious living. Outstanding scenery and developed infrastructure have made Dubai a popular destination for families looking for a new home. The city is characterized by a wide selection of real estate, including villas, apartments, and townhouses. So families can find properties that suit their budget and lifestyle. Let’s look at Dubai’s main real estate options for different budgets and lifestyles with prices in dollars.
Discover the advantages of investing in Dubai’s luxury real estate market, which offers a wide range of properties from chic city apartments to elegant beach villas, with enormous return opportunities.
What it feels like to vacation in a rental property on The Palm. In your own villa with eight rooms, three-and-a-half-meter high ceilings, and a view of Burj al-Arab to the left on the horizon.
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.
