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.
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 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.
For individuals keen on generating passive income through long-term investments, apartments stand out as a lucrative bonus on the investment landscape. This property attracts with its cost and faster payback.
Dubai is a city famous for its skyscrapers and luxury. Every year, thousands of tourists visit here to bask in the warm and bright sun and to swim in the crystal-clear waters of the sea. But what if you want to not only enjoy your holiday here but also buy real estate in this city? In this article, we will discuss the advantages of buying an apartment by the sea in Dubai.
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.
European massage: one of Dubai’s favourite spa experiences. The demand for high-quality wellness experiences is ever-growing in Dubai. One is undoubtedly the European massage, which has a loyal following among the city’s residents and visitors….
At times, life becomes overly monotonous, filled with a series of repetitive tasks. We struggle to find time for relaxation from everyday chores and work. In these moments, it’s vital to prioritise self-care, regain inner…
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Car rental in Dubai is a great way to explore the city at your own pace. Whether you’re in Dubai for business or pleasure, having a car at your disposal provides freedom and convenience. At…
The premium villa and townhouse market in Dubai and other UAE emirates is currently experiencing distinctive dynamics, capturing the interest of investors. This segment is recognized as one of the most competitive in the region, where a combination of limited supply and high demand creates a dynamic and vibrant environment.
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.
When going on vacation to the United Arab Emirates, many people think about where and how to spend their vacation. This article presents to your attention the top ways to spend time in Dubai, one of the most luxurious cities in the United Arab Emirates.
Choosing a property in Dubai that promises high returns is no easy feat. Behind each project lie captivating renders depicting a luxurious lifestyle and promising prospects. However, many agents remain silent on crucial aspects. Let’s explore how to ensure successful real estate investments in Dubai.
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.
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.
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.
Millions of people strive to find opportunities to invest and increase their capital daily. Cryptocurrency platforms have become an attractive option for those looking for new ways to increase funds. However, among the various offers on the market, there are also fraudulent schemes aimed at deceiving investors and depriving them of funds. In this review, we will look at one of these dubious exchanges called Ouknm, analyze the available information about it, identify negative customer reviews, consider fraud schemes, and reveal signs of dishonest activity.
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In today’s fast-paced world, convenience is king. Consumers are constantly seeking ways to simplify their lives and streamline their daily tasks. One industry that has embraced this demand for convenience is the fragrance industry, with…
Entrepreneurs from all over the world come to the UAE. They register their businesses there, obtain freelancer visas, and purchase real estate.
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.
Over the past 50 years, few places on Earth have undergone as drastic a transformation as the United Arab Emirates.
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.
The official state language in the Emirates is Arabic. All documents are written in modern Arabic, negotiations are conducted and information is reported to local media.
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.
The construction of Palm Jumeirah marked one of Dubai’s initial steps toward global recognition. The Crown Prince of Dubai, Sheikh Mohammed, pledged to create an artificial archipelago resembling a palm tree with 17 fronds by 2006. He aimed to transform the emirate into a premier tourist destination and luxury resort.
The Singing Fountain in Dubai is deservedly considered the best fountain in the world, as well as one of the main attractions of the United Arab Emirates. The fountain is located in the center of Dubai near the famous Burj Khalifa Tower, on a large lake that was created artificially. The fountain is a unique creation of human hands, and it can safely be called one of the wonders of the world.
The liquidity of a real estate property refers to its ability to be quickly sold without significant losses in the original cost.
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…
The Finance World Accounting & Tax Awards 2024, presented by iFund Factoring & Forfaiting Services and powered by Wasaya Investments, recently honored pioneers in accounting, tax, audit & finance. Hosted by Finance World Magazine, the…
