Renewable energy is increasingly seen as a crucial means to combat climate change. Among the notable projects in this domain is the Mohammed bin Rashid Al Maktoum Solar Power Plant, situated in the southern desert of Dubai.
The real estate market in the United Arab Emirates sets new records year after year, and in 2023, it grew by tens of percent. This growth is expected to continue next year as the Emirates confirms its reputation as a global business center. This factor, together with tax benefits and quality of life, attracts wealthy people from all over the world, increasing the demand for real estate and rental rates.
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.
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 has adopted a turnkey approach to selling apartments, which includes full finishing, panoramic windows, plumbing, and much more. This provides convenience to both owners and tenants.
Dubai is considered one of the most vibrant and rapidly growing cities in the world, continuing to stun the world with its ambitious construction projects. The real estate market in the city provides a vast array of investment opportunities, particularly in the new construction sector, where the city aims to enhance its reputation as a global business and financial center.
In 2002, the landscape of Dubai’s real estate underwent a significant transformation when the government of the United Arab Emirates granted foreign citizens the right to own property in Dubai. This move initiated a construction boom that attracted investors from all over the world. With the market recovering from the COVID-19 pandemic in 2022, the demand for real estate has increased significantly, with the weighted average price per square foot increasing by 10.26%, reaching AED 1,019.
Fresh seawater, a private beach, and investment attractiveness – what should you consider when choosing your dream home?
Surprisingly, the most popular method of renting property in Dubai at the moment is off-plan leasing. How does this process work?
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.
Dubai is one of the sought-after tourist destinations in the world and many people have expressed interest in purchasing property in the city. One way to do this is to purchase apartments in Dubai hotels. In this article we will look at how to purchase a room, what you should pay attention to, and also consider the pros and cons of this type of investment.
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.
Emaar Properties is one of the largest property developers in Dubai and one of the most recognized brands in the real estate industry. The company was founded in 1997 by the owner of the Emirates Corporation Dubai Holdings, Mohamed Alabbar. Since then, Emaar has become an iconic symbol of Dubai’s ambitions to develop the city into an international hub for business and tourism activities.
Real estate development in the UAE is one of the fastest-growing industries. Many foreign buyers invest their money in real estate as it can generate stable income.
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 UAE residential real estate market continues to develop rapidly. Developers are launching new projects aimed at a premium audience. In partnership with Marriott International, MAG Group is constructing the Ritz-Carlton Residences. The opening event will be highly anticipated in Dubai.
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%.
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.
What it feels like to vacation in a rental property on The Palm. In your own villa with eight rooms, three-and-a-half-meter high ceilings, and a view of Burj al-Arab to the left on the horizon.
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.
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.
What kind of sea in the UAE interests everyone who goes on vacation to this country? It is located on the Arabian Peninsula, in a northeast direction.
Over the past 50 years, few places on Earth have undergone as drastic a transformation as the United Arab Emirates.
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.
The UAE is a favorite place for tourists to visit. In addition to the fact that it is very beautiful and everything is literally saturated with the smell of money, the place offers wonderful resorts for vacationers.
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.
What you need to know before renting an apartment daily in the UAE. Read the rules and regulations for renting apartments in Dubai.
In this article, we will talk about one of the greatest Arab travelers of the 12th century, who can easily be called the “Arab Christopher Columbus.”