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.
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.
An exciting story unfolded in Dubai in April 2023, demonstrating how investing in land can yield remarkable returns. Umar Kamani, the founder of the Pretty Little Thing brand, made headlines by purchasing a 7,500-square-meter plot of land on the island of Jumeirah Bay. Over just two years, this barren wasteland, devoid of any structures, skyrocketed in value, with every square centimeter becoming incredibly valuable. This wasn’t due to oil discoveries but rather because it was one of the last available plots in a prestigious location near the sea.
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.
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.
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.
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.
What you need to know before renting an apartment daily in the UAE. Read the rules and regulations for renting apartments in Dubai.
About 80% of Dubai residents are renters, making buying an apartment for rental purposes a profitable investment. However, the Dubai real estate rental market has its own characteristics. Here, the rights of each party are equally protected: it is difficult to evict a tenant even after the end of the lease agreement, and landlords do not have the right to inflate the cost of services.
We calculated the cost of moving to Dubai, including document design, necessary requirements, rental prices, and first-month expenses.
Real estate rental in Dubai is a standard legal procedure, providing for legal payment and the conclusion of a formal contract. It is conducted in several stages and has a number of regional features that should be familiarized before arriving in the UAE.
There are different sockets in Dubai. For a trip, you should also have the right travel adapters and rice plugs in the luggage.
Jebel Ali is far from the center of Dubai. Known for the port, free trade zone and where there is also a nice hotel. This region of Dubai is currently still being heavily developed. A lot is being built. Al Maktoum International Airport is also nearby. This is to be expanded into the largest airport in the world.
Due to hardly any taxes, the cost of living in Dubai is very approachable and you can still reduce it if you want. In this article, you will learn exactly how to do this.
Masdar City is a city project in Abu Dhabi, United Arab Emirates. The project was presented in 2006 and realized under the direction of Masdar, a subsidiary of the Mubadala Development Company since 2008.
