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 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.
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.
Huge malls for shopping lovers, breathtaking attractions for fans of extreme entertainment, restaurants, and snow-white beaches. Dubai has everything to make your holiday unforgettable.
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.
The rarer the winter sun graces us with its attention, the stronger our desire becomes to acquire a residence where sunlight is not just a fleeting guest, but a constant presence.
When you open a business in the United Arab Emirates, it is important to understand that choosing a free trade zone (FTZ) is not just a formality. This is a strategic decision because a mistake here can result not only in loss of time, nerves, and extra money but sometimes in the destruction of the entire business. Before you sign the documents and invest in a license, let’s discuss how to prevent your dream from turning into a nightmare due to the wrong choice of FTZ.
The UAE resident visa is called Emirates ID. This is a plastic card with an embedded chip that contains information about the holder, fingerprint, and photograph. Today, the most popular reason for obtaining residency is the registration of a startup or investment.
Favorable tariffs for tourists and expats, speed and availability of the Internet in Dubai – we talked about everything in the article.
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.
With the opening of its new hotel, Raffles The Palm Dubai invites its guests to experience a world of incredible luxury. Palm Jumeirah Resort promises an unforgettable stay, offering luxurious amenities and stunning sea views.
The evolution of Dubai into an aviation hub stands as a testament to Sheikh Mohammed’s belief in the power of competition. This principle has played a pivotal role in propelling the country to unprecedented prosperity.
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 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 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.
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.
On October 14, everyone is invited to the Open House, where they will be able to view and buy luxury villas in the Garden Homes community on Palm Jumeirah.
Free trade zone in Umm Al Quwain (Umm Al Quwain Free Trade Zone (UAQ FTZ) is a strategic government project. Moreover, the primary objective of this zone is to promote entrepreneurial activities and furnish business owners with a convenient infrastructure for effectively operating their businesses.
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.
If you have UAE citizenship, there are really a lot of privileges. After visiting an Arab resort, many foreigners desire to immigrate to this country. Thanks to the work of the authorities, social policy is actively developing. The educational and healthcare sectors in the country are also developed.
We continue to analyze the topic of expenses when moving to Dubai. In the previous article, we talked about the necessary documents and rental housing.
We calculated the cost of moving to Dubai, including document design, necessary requirements, rental prices, and first-month expenses.
Today, as we look at Dubai, which is a global financial and cultural hub, it is hard to imagine that only 50 years ago it was an unnoticed fishing village. Today, Dubai attracts tourists from around the world and it is home to the richest people on the planet. But how did this small village become a luxurious metropolis? And why is Dubai’s success unrelated to oil?
The UAE is one of the most popular regions where foreign entrepreneurs transport business. Companies here feel comfortable.
Jumeirah Village Circle (JVC) is a freehold community located in downtown Dubai. This prestigious district, which began to develop in 2005, is growing rapidly, offering excellent infrastructure and being a comfortable place to live for working people, families with children, and businessmen. Due to the large selection of luxury real estate JVC is extremely profitable for investors. The excellent accessibility of the area enables easy access to any other business or residential sector in the emirate.
DAMAC Lagoons is a new area of townhouses and villas. The construction began in late 2021. It occupies over 4 sq. km of the Dubai Golf City area, located south of Sheikh Zayed bin Hamdan Al Nahyan Road, next to the Remraam and Damac Hills communities. The general developer is the private company DAMAC Properties, which has already completed dozens of projects throughout Dubai.
More and more people are drawn to the most populous of the seven United Arab Emirates. Over the past five years, more than 500,000 people have left their homes and moved to Dubai, leading to surpassing 3 million people for the first time in 2023. With over 90% of its population consisting of foreigners, Dubai is a meeting point for diverse cultures, making it easy to interact without fear of language barriers.
