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 COVID-19 pandemic had a significant impact on the real estate market in the UAE, resulting in dynamic growth across all housing segments, from economy to luxury. Investment attractiveness, wide business opportunities, the loyalty of legislation, and the availability of mortgage loans have become the main motivators for this growth.
Are you running a business in the UAE but postponing accounting? You shouldn’t. Incorrect accounting can result in fines, account blocking, business suspension, and even a ban on operations in the UAE. However, with proper accounting practices, significant savings can be achieved. Professional bookkeeping can decrease company costs and boost revenue. And no, we’re not referring to illegal practices that could lead to penalties in the UAE.
The real estate rental market in the UAE is breaking records year after year and has grown by tens of percent in 2023. The momentum will continue this year as the Emirates confirms its reputation as a global business hub. This factor, as well as tax preferences and quality of life, attract wealthy people around the world here, which increases the demand for real estate and rental rates.
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.
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.
We tell you how you can immerse yourself in one of the most popular, interesting, and profitable professions in the UAE. Do you want to be a realtor?
The Emirate of Ras Al Khaimah is becoming one of the most popular tourism and investment destinations in the Middle East.
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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…
The Dubai World Cup, held annually in March, is one of the most anticipated nights on the horse racing calendar. This prestigious event brings together some of the world’s top equine talent to compete in…
Dubai has secured its position as one of the world’s top ten cities in the 2024 World’s Best Cities Report. Notably, it is ranked as the best place to live, visit, and invest.
Dubai, one of the most impressive cities globally, is renowned for its unique projects, and Palm Jebel Ali stands out as one of the largest artificial islands with grand prospects. The new palm-shaped island aspires to replicate the success of Palm Jumeirah, which has become an integral part of the city’s landscape. Let’s delve into the details of this exciting project.
British critic of architecture and urbanism, Tom Dyckhoff, notes that Dubai is actively seeking to change its image, aiming to create a city that is not just luxurious, but also elegant. Plans to transform Dubai into a “proper city” include hinterland areas beyond luxury resorts for major league football stars.
Dubai is unique in many ways, and its status as “the one” is more evident than anywhere else in the world. Here you can find the highest, deepest, widest, largest, first, most expensive, and unique objects. Certificates from the Guinness Book of Records have become commonplace here, not a rare occurrence. TripAdvisor has named Dubai the world’s top travel destination for 2023 and the safest.
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.
The United Arab Emirates has a large number of exciting entertainment options provided to visitors. Sea diving is extremely popular here. There are several diving spots along the coast of the Emirates. You should definitely try sports and extreme diving during your trip to Dubai.
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.
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.
Foreigners are massively buying up housing in the UAE to prepare the ground for relocation. At the same time, for those who only plan to move, it is not always clear in which area it is best to buy housing, how to find a specific object, and what to focus on in the choice.
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.
Renting an elite villa in Dubai can cost $50,000 per day, while purchasing can cost more than $100 million. Let’s try to analyze the situation with prices in the UAE.
The National Airline of Qatar Qatar Airways is located in Doha, the capital of Qatar, and is located on the Persian Gulf. The base of the airline is at Hamad International Airport Airport.
There are a lot of Dubai world records and the city is unique. There is the highest building in the world Burj Khalifa, or the greatest shopping mall around the world and that is the Dubai Mall.
An impressive tourist attraction is certainly the free Dubai Festival City Imagine Show where you can get everything from laser, light, water, and fire. Such something similar is currently not available in Emirate Dubai and that’s exceptional.
Here you get useful information like a doctor’s visit in Dubai. As a tourist, you have to pay attention to a lot. The Emirate has a very well-developed health system.
Dubai Summer Surprises is a summer event in the form of a separate summer festival in the Emirates, also known as DSS for short. Since 1996 Dubai Summer Surprises offers shopping malls, restaurants, and spas. This summer destination is an event that takes place in Dubai from August to September every year. Dubai Summer Surprises is one of the top summer attractions in the city. With this celebration, locals and tourists alike flock to the city to shop for bargains at more than 6,000 stores. Tourists and locals alike are amazed and delighted at the benefits of the numerous offers in all categories.
Here are 12 tips to keep in mind when using a taxi in Dubai. This is still the best and cheapest means of transport in the city to use.
At the turn of the year, the city of superlatives sets its own standards. Bigger, more spectacular, more breathtaking – this is New Year’s Eve in Dubai! Read now what awaits you on December 31st in the magnificent desert city and where you will have the best view of the spectacular fireworks.
The largest water fountains in the world are in Dubai and they are called The Palm Fountain. You will definitely be very impressed when you see them for the first time.
Here you can get useful information about visiting the Dubai Aquarium and where to buy the ticket. It is an experience not to be missed.
