According to Forbes, we looked at three of the richest individuals in the UAE. In this article, you will find out who they are and how they accumulated their impressive fortunes.
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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…
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Dubai epitomizes luxury, with its journey from a humble fishing port to a dazzling global metropolis being nothing short of spectacular. Witnessing the city of gold for the first time is a breathtaking experience, with…
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.
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.
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.
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).
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.
Designed by the renowned Spanish architect Santiago Calatrava, known for his innovative designs, the Dubai Creek Tower represents a fusion of modern technology and aesthetic beauty. Its architectural concept, inspired by nature, captures the elegance of a blooming lily flower.
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 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.
The real estate market in Dubai has experienced a significant increase in 2021-2022, with prices rising over 30%. This trend is expected to continue as demand for local houses and apartments remains high. In the first quarter of 2023, there were over 30,000 real estate transactions, indicating a strong interest in the Dubai real estate market. This also allows us to make bold forecasts for further growth and expect new records this year.
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.
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%.
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 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.
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Dubai is well known for its opulent lifestyle and breathtaking vistas. Dubai lures millions of tourists each year with its towering buildings, lavish malls, and man-made islands. But there’s a lot more to this metropolis…
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.
Over the past 50 years, few places on Earth have undergone as drastic a transformation as the United Arab Emirates.
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.
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.
Long-term rent is usually chosen by couples of different ages. They most often prefer double apartments on the territory of the family community with a developed social infrastructure and places for entertainment.
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.
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.
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?
Unveiling the enchantment of Dubai unveils a remarkable juxtaposition between its soaring skyscrapers and the timeless allure of the desert sands. As you stand before architectural wonders that touch the heavens, it’s hard not to…
In 2022, Dubai’s real estate market experienced a boom in demand from foreign buyers. The investment increased by 80%. Wealthy investors are attracted by the most expensive and fashionable locations, where you can earn on a 30-40% rise in property prices or get a stable rental income in a few years.
