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.
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.
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.
The MENA (Middle East and North Africa) region is formed by about twenty states of the Middle East and North Africa – the UAE, Saudi Arabia, Qatar, Egypt, and Algeria, with a total population of 355 million people. This is a growing market, it is actively developing and attracts entrepreneurs and investors from all over the world.
According to statistics, there are 5 rainy days a year in Dubai. They usually occur in January-February and bring about 100 mm of precipitation. However, global climate changes and unforeseen cyclones can interfere with the overall indicators and make their adjustments. This is what happened on April 15-16, 2024 – in one of the driest areas of the world.
Recently there was heavy rain in Dubai: the norm for six months of rainfall fell in one day. Schools were switched to distance learning, flights were canceled or moved to other airports. It became impossible to use ground transport for a certain time.
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.
Dubai has impressively positioned itself as a key player on the crypto stage. Its commitment to creating an attractive business climate means it is steadily attracting blockchain enthusiasts, investors, and innovative crypto companies. The city offers a solid basis for growth and innovation in the crypto sector through its progressive regulatory framework.
Projections indicate that the real estate market in Dubai will persist in its development and consolidation in 2024. In recent years, the emirate has made significant investments in infrastructure enhancement and the diversification of its economy, rendering it an attractive hub for business and tourism. Consequently, demand for real estate in Dubai remains buoyant, particularly for commercial and residential properties in prime areas.
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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…
The choice between Dubai and Oman has confronted many investors lately, so let’s figure it out.
Renewable energy is increasingly seen as a crucial means to combat climate change. Among the notable projects in this domain is the Mohammed bin Rashid Al Maktoum Solar Power Plant, situated in the southern desert of Dubai.
Many clients opt for real estate in the UAE due to its promising return on investment. In Dubai, for instance, the ROI ranges from 8 to 9%, contingent upon the property type and location.
Having analyzed the common mistakes in investing in real estate in Dubai, we would like to share our thoughts on why it is not advisable to sell real estate in Dubai soon (including 2025). To better understand this situation, we will look at the current situation in the real estate market in this Arab metropolis.
Moving to Dubai is a dream for many, given the city’s blend of modernity and luxury, making it an enticing destination for new residential and business opportunities. Let’s delve into what Dubai has to offer expats and explore key aspects to consider before booking that one-way flight.
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.
Significant Step in the Leading Country in Oil Production Following the conclusion of COP28 in Dubai, standing out as a key oil-producing country, an agreement was reached to phase out fossil fuels. Despite the challenges of hosting the conference in an oil-producing country, it was an important step towards a sustainable future.
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.
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.
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.
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.
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%.
Since 2019, foreign citizens can fully own real estate in special freehold zones in the UAE, resulting in a growing number of home buyers.
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.
When going on vacation to the United Arab Emirates, in addition to sightseeing tours and beach holidays, you should also try Arabic cuisine. Discover the 12 most delicious dishes in Arabic cuisine in this article.
When planning a beach holiday in the United Arab Emirates, Saadiyat Island is a wonderful place to consider for your vacation. Read our article and draw your own conclusions about whether you want to go on a beach holiday here or not.
Dubai today is one of the largest cities in the United Arab Emirates. In addition, Dubai is the UAE’s most important commercial and financial center, with an administrative center and deep sea port.
Moving to the United Arab Emirates with furry creatures is a tough test for both parties. The article will tell you what you need to know to live in Dubai with your beloved family.
The state creates comfortable conditions for entrepreneurs: low taxes, support for the business community, and the legalization of cryptocurrency. The UAE easily accepts emigrants: according to UN data for 2023, about 88% of the population…
Today, the UAE stands as one of the most economically and politically stable regions globally, attracting significant investments, particularly in the real estate sector. Among the emirates, Dubai, renowned for its success and openness, has emerged as the primary point of attraction. Year after year, Dubai strengthens its position as the main business and tourist hub of the UAE. The real estate sector plays a vital role, constituting approximately a third of Dubai’s economy, and it has experienced an impressive quadrupling in market size over the past two years alone.
