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).
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 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.
We analyzed the 9 most common myths about Dubai. Is everything really that expensive? Is it impossible to buy a SIM card? What about clothes? Continued in our article.
We present to you the latest list of reliable developers in Dubai. These are leading companies in the market, whose projects have won awards and attracted the attention of leading investors.
Dubai is not the lifeless desert it was once thought to be! The Emirates have debunked the stereotype that their land is uninhabitable. They have built the world’s tallest building on shifting sands and created oases of greenery, defying nature. The desert has transformed into a Garden of Eden, and here are the five greenest and most environmentally friendly areas of Dubai, where living is comfortable even at +40 degrees.
Buying real estate under construction is a popular decision among foreign investors. Off-plan projects provide more favorable investment conditions. In this article, we will talk in detail about the benefits of investing in such projects and how to avoid possible risks.
There are four possible scenarios for making money on foreign real estate, presented for novice investors, in which even a small capital may be sufficient.
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.
The stability and profitability of real estate investments in Dubai largely depend on the choice of location. In this guide, we will compare several well-known areas and analyze where it is most profitable to purchase real estate.
When relocating to Dubai, families with children often encounter the challenge of selecting a suitable school. The emirate boasts both public and private educational institutions, with a particular demand for private international schools offering English-language instruction, facilitating seamless entry into global universities.
We will explore how the installment plan system works in Dubai, the conditions offered by developers, and answer the question of what consequences are possible if payments are made late.
In recent years, Dubai’s real estate market has witnessed significant development, setting remarkable records that have given rise to both positive and negative myths.
Dubai is considered one of the most vibrant and rapidly growing cities in the world, continuing to stun the world with its ambitious construction projects. The real estate market in the city provides a vast array of investment opportunities, particularly in the new construction sector, where the city aims to enhance its reputation as a global business and financial center.
Abu Dhabi’s real estate market is fascinating due to its comprehensive development, which impacts all aspects of life and the economy within the emirate and the country as a whole. The region’s growth is not limited to housing construction but includes the development of entire neighborhoods, catering to the needs of both expats and the local population. New residential projects go side by side with hospitals, schools, universities, and, of course, museums – the hallmark of Abu Dhabi in the 2020s.
On October 27 Emaar Properties, will organize the much-anticipated Open House at the developer’s office at Rashid Yachts & Marina.
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.
Dubai is expanding every year. There are regular new areas and residential complexes that attract tourists and expats with unique architecture, developed infrastructure, and comfortable conditions.
An overview of Dubai’s most popular projects, launched in 2022, from trusted emirate developers. Description of residential complexes, their features, cost, and location.
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 Emirate is taking major strategic steps to diversify its economy, aiming to increase the flow of people, companies, and investments.
DAMAC Properties has been operating in the residential real estate market in Dubai since 2002 as a division of DAMAC Group, a multi-purpose enterprise founded in 1982.
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.
In Dubai, the remote conclusion of all transaction stages is legalized. To invest, the client does not need to fly to the UAE.
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.
Eid al-Fitr marks the end of the holy month of Ramadan. We suggest what to do on non-working days in order to spend them rich and varied.
Dubai is not short of superlatives. Now the metropolis is getting a new highlight: US real estate tycoon Donald Trump is building two gigantic hotel towers on an artificial island off the coast. The project…
The cost of renting real estate on the Palm Islands has broken another record. As you can see, in recent months, the real estate market in Dubai has declined slightly, prices have fallen. But this…
Rental property in Dubai is in great demand. The lion’s share of the urban population consists of foreigners, for whom it is much easier to rent property than to buy. And this is not to…
The United Arab Emirates is a country of modern cities and buildings that make you dizzy, for example, Dubai is home to the tallest building in the world with 162 floors. The 828-meter Burj Khalifa…
