Earning income from rental properties has been quite popular in Dubai in recent decades. Renting in Dubai guarantees a return of 4 to 9 percent, according to analytical data in 2023. This area is developing rapidly every year. The advantage of investing in real estate is a high percentage of income, reduced risks, protection of capital from inflation, as well as favorable conditions for owners, and terms of concluding a contract. We will consider the key points that investors and tenants planning to invest their savings in UAE real estate should pay attention to.
+30 % business growth. In the first quarter of last year, the number of business licenses in Dubai increased by 30%.
One method to secure a residence permit in the United Arab Emirates (UAE) and attain tax residency is by either establishing a new business or acquiring an existing company. The decision between these options is…
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?
Throughout last year, there was a boom in the real estate market in Dubai and the entire United Arab Emirates (UAE). The rise is easy to follow by the numbers: in 2019, just over 36,000 real estate transactions were concluded in the emirate, in 2021 – 54,000, and 2022 – 86,000. The total amount of transactions amounted to $56.5 billion, which is 80% higher than the same figure in 2021.
Home to the world’s tallest building, the Burj Khalifa, Dubai is renowned for its impressive hotels and shopping centers. However 2003, a new project worth billions of dollars captured the world’s attention.
When venturing into the business landscape of Dubai and other Emirates in the UAE, it’s crucial to adopt a cautious approach, particularly when considering the acquisition of an existing enterprise. This guide aims to illuminate the process of purchasing a business in this region, highlighting essential steps to mitigate potential financial losses and maximize profitability.
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.
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In the competitive world of trade shows and exhibitions, the construction of an impressive and effective stand is a critical element in capturing the attention of attendees. Selecting the right exhibition stand builders is a…
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.
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.
The United Arab Emirates (UAE) stands out as a premier destination for foreign nationals seeking real estate investments. Dubai, in particular, competes vigorously with the capital, Abu Dhabi. Despite a real estate market slump during the 2019-2021 COVID-19-induced depression, Dubai rebounded and demonstrated robust growth in 2022, with property prices soaring by 9.94% and rental prices surging by 23.69% in July.
More and more people are considering real estate in Dubai as an opportunity for permanent residence, vacation or profitable investment. One of the most pressing issues is the cost of apartments in Dubai.
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.
Since 2019, foreign citizens can fully own real estate in special freehold zones in the UAE, resulting in a growing number of home buyers.
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.
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.
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.
Since the beginning of 2022, real estate prices in the UAE mega-cities doubled, and demand exceeded supply. In the UAE, federal and regional taxes may differ and it depends on the emirate. The choice between the free zone and the rest of the territory depends on nationality, the company’s physical presence in the UAE, profit margins, the presence of exports, and its nature.
The UAE has an unspoken «tax paradise» status among entrepreneurs around the world: there can be zero taxes on profits, real estate, capital gains, and income of individuals.
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.
Many consider Dubai the city of the future, and upon visiting the biggest city in the UAE, it’s evident that this statement isn’t an exaggeration. You’ll find the tallest building globally, the Burj Khalifa, the most extensive shopping center, and stunning fountains.
As a tourist, you shouldn’t underestimate the Dubai air conditioners because you can catch a cold there very quickly. We will explain how to use them correctly here.
Saadiyat Beach Golf Club, a prestigious golf course located in Abu Dhabi, has been selected as the venue for an upcoming Challenge Tour event, which is set to take place in the near future. This…
Most tourists fly to Dubai with the Emirates airline. Here we have compiled 9 facts that you should know as a passenger.
The Jumeirah Mosque is one of the largest and most beautiful in Dubai. The holiday in Dubai is becoming increasingly important and popular. A very trend attraction forms the Jumeirah Mosque. This is due to its enormous attractiveness. And on the other hand, sure that it was the only mosque for a long time in the entire United Arab Emirates, which also provides visitors who are not belonging to the Muslim faith.
As you can tell from the name, the Town Center is in Jumeirah. This is a bit smaller with only 40 shops, but very nicely done. There are many cafes and restaurants in the Town Center Jumeirah. If you come by rental car, you can park it in the underground car park free of charge. The Town Center and the Mercato Mall belong together. The mall is also ideal for manicures and pedicures. There are also several perfume and cosmetics shops. There is also a barber shop.
From now on, the entry to Dubai for vaccinated tourists without PCR test is possible. Thus, it has now become easier to enter the emirate and it is almost like earlier. Here you learn everything about what you should know.
As a tourist, you certainly want to smoke in Dubai and here you can find out whether you are allowed to do so and where you can buy cigarettes. By the way, this is only possible in certain places and you should know that.
