In the fiscal year 2022-2023, Dubai witnessed an unprecedented surge in its real estate market, with a staggering 80% increase in property transactions compared to the previous year. The total sales volume surpassed an impressive $57 billion.
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.
Real estate in Dubai frequently triggers apprehensions and uncertainties. However, let’s delve into these concerns together to understand why Dubai continues to stand out as one of the most captivating destinations for both residence and investment.
Many people, having acquired a small capital, seek to invest it in purchasing an apartment for rent or subsequent resale. People who have accumulated more serious wealth prefer long-term investments in commercial real estate to diversify their assets and provide themselves with passive income.
The UAE’s population is projected to increase by 92,756 due to migration. In other words, the number of permanent residents entering the country will exceed the current total number of residents.
Today, we would like to share with you our thoughts and experiences on a topic that often remains in the shadows when discussing business strategies – risk assessment in businesses in the Emirates.
Most businessmen consider the UAE to be a perfect place for business development due to its favorable tax policy. However, there have been significant changes to standard tax procedures.
Entrepreneurs from all over the world come to the UAE. They register their businesses there, obtain freelancer visas, and purchase real estate.
Today we would like to share important information about the business licensing process in the UAE. This stage is key when starting a business in this country, and a competent understanding of all aspects of licensing can greatly facilitate your task. Keep in mind that having a license will allow you to conduct business activities in the Emirates following the law.
Dubai has been one of the leading international business centers and economic leaders of the future for several years now. Recently, it has become clear that it is also a key destination for foreign offices and domestic companies. According to Yale University, the total number has exceeded 1,000 and continues to grow. However, to successfully penetrate this lucrative market, which offers many business opportunities, it is necessary to develop a strategy that takes into account both local conditions and many unpredictable factors. In this article, we will discuss the features of PR in the UAE and effective strategies for business development in this region, especially in Dubai.
Purchasing real estate abroad as one of the investment options is a fairly popular way of investing all over the world. Let’s take a look at the benefits of buying property in Dubai – land near the Persian Gulf.
You may have already heard that you don’t have to pay income tax when you resell real estate. The yield on local real estate can reach 10% per year, while in London and New York, it does not exceed 4–5%.
In the business world, where cultures and laws vary from country to country, it is important to study labor rights aspects in detail, especially when doing business in countries with unique laws. In this article, we will look at the labor rights of workers in Dubai and the United Arab Emirates (UAE).
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?
IFZA in the UAE presents significant business opportunities for entrepreneurs. This article explores the advantages of registering a business in this thriving economic zone.
The UAE resident visa is called Emirates ID. This is a plastic card with an embedded chip that contains information about the holder, fingerprint, and photograph. Today, the most popular reason for obtaining residency is the registration of a startup or investment.
PR
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…
Many clients opt for real estate in the UAE due to its promising return on investment. In Dubai, for instance, the ROI ranges from 8 to 9%, contingent upon the property type and location.
The United Arab Emirates is not only a territory with endless sandy deserts but also a center of business activity and finance. The region’s dynamic economic environment offers many opportunities for business financing. One of the key tools in this process is loans.
Developer Hussein Sajwani has amassed immense wealth in the real estate sector, employing unique promotions and leveraging his friendship with Donald Trump.
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.
Surprisingly, the most popular method of renting property in Dubai at the moment is off-plan leasing. How does this process work?
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.
If you have UAE citizenship, there are really a lot of privileges. After visiting an Arab resort, many foreigners desire to immigrate to this country. Thanks to the work of the authorities, social policy is actively developing. The educational and healthcare sectors in the country are also developed.
How is the rental price for housing in Dubai determined, can the landlord raise it independently, and who regulates the price for apartments and villas.
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.
The United Arab Emirates remains one of the most sought-after destinations in overseas real estate investment. The real estate market here is flexible enough and adjusts to the buyer: you can find an apartment for tens of millions of dollars, and a studio for a hundred thousand.
Legislative aspects, the stability of the economy and the region’s security, location, ways of doing business, and cultural norms – when buying property in the UAE, it is essential to notice many non-obvious factors.
How to buy real estate in Dubai for cryptocurrency, why BTC is popular, and how the UAE government uses blockchain as part of the development of the country. What are the advantages of implementing the technology and what are the results for the first part of 2023?
The Dubai Air Show featured 150 aircraft, from drones to commercial airliners, and, of course, the endless battle between Boeing and Airbus became a classic confrontation between these giants of the aircraft industry.
