While the UAE and Dubai are renowned for their cultural diversity, creating enduring business relationships in this region demands a profound understanding of local cultural norms and traditions.
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.
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.
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.
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.
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.
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.
Bur Dubai and Deira are often confused, but both have many budget hotels and real estate options. Initially, the area in which Bur Dubai is located was the center of Dubai. However, today this area is located in the east of the city.
If you go on vacation, for work, or to visit family in Dubai in the spring season, and at the same time you are a creative person or an art lover, then you are lucky, since the World Art Dubai exhibition is held in March.
The Singing Fountain in Dubai is deservedly considered the best fountain in the world, as well as one of the main attractions of the United Arab Emirates. The fountain is located in the center of Dubai near the famous Burj Khalifa Tower, on a large lake that was created artificially. The fountain is a unique creation of human hands, and it can safely be called one of the wonders of the world.
When planning a trip to Dubai, it’s worth thinking about how you’ll travel from one place in the city to another. It is known that the emirate of Dubai is not very developed in terms of walking, moreover, the city is very hot, so the best way to get around is by taxi.
The United Arab Emirates is a wealthy country known for its luxury and exoticism. There is hardly a single person in the world who would not like to visit there. In this article, we will describe various interesting facts from the life of indigenous Arabs.
What you need to know before renting an apartment daily in the UAE. Read the rules and regulations for renting apartments in Dubai.
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.
How can you finance a property purchase in Dubai besides a one-time payment – plans from the developer, mortgage lending, and the Rent-to-own scheme?
Since the beginning of 2022, real estate prices in the UAE mega-cities doubled, and demand exceeded supply. In the UAE, federal and regional taxes may differ and it depends on the emirate. The choice between the free zone and the rest of the territory depends on nationality, the company’s physical presence in the UAE, profit margins, the presence of exports, and its nature.
The United Arab Emirates remains one of the most sought-after destinations in overseas real estate investment. The real estate market here is flexible enough and adjusts to the buyer: you can find an apartment for tens of millions of dollars, and a studio for a hundred thousand.
The UAE is one of the most popular regions where foreign entrepreneurs transport business. Companies here feel comfortable.
The types of real estate investment in Dubai available to foreign investors, the potential yield from resale or rental, and the central myths about buying housing in the UAE.
Every year the UAE real estate market becomes more and more attractive for investors and agencies. According to DLD, in May 2022 a total of transactions worth 26.5 billion dirhams (about $70 billion) were concluded. The deals generated over AED240 billion, up 61% from 2021.
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…
Dubai is a modern and attractive metropolis that appeals to both business and leisure travelers. It is located on the Arabian Peninsula. Only 15% of the population are local residents, the rest are labor migrants. We tell you where it is better to live in Dubai and which areas in 2023 will be the most attractive for people who have arrived in the city for a long time.
Many consider Dubai the city of the future, and upon visiting the biggest city in the UAE, it’s evident that this statement isn’t an exaggeration. You’ll find the tallest building globally, the Burj Khalifa, the most extensive shopping center, and stunning fountains.
The past two decades have seen significant fluctuations in the Dubai housing market. Between 2002 and 2008, the city experienced rapid growth and real estate prices quadrupled, making it one of the fastest-growing cities in the world.
A spectacular building in Dubai is the Museum Of The Future that you should see as a tourist. As you can tell from the name, everything revolves around the future. You see things there that don’t exist anywhere else.