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.
In the center of Business Bay, in the fashionable territory of the United Arab Emirates, rises the 69-story Paramount Dubai hotel, turning into a real “blockbuster” of hotel offerings. Here, with the help of modern media technologies, every corner, from the 823 rooms to the lobbies and lounges, is imbued with the glamorous atmosphere of American cinema.
The real estate market in this small emirate has become a focal point for global investors. According to the Dubai Land Department, there were over 61,000 transactions from January to June 2023, a significant 43% increase compared to the same period last year.
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.
Fresh seawater, a private beach, and investment attractiveness – what should you consider when choosing your dream home?
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.
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.
Flipping is an investment strategy where a property is purchased at a low price, renovated, and sold for a higher price. Of course, it’s more complicated. For successful flipping, it is important to take into account the potential of the apartment: the convenience of location, the presence of social facilities, the amount of repair work, and the amount of investment.
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.
The UAE has one of the most developed real estate markets in the world, offering a wide range of apartments, houses, villas, and penthouses. There has been a recent surge in demand for private houses, townhouses, and villas in Dubai that come with their own gardens and swimming pools. Over the past year, property sales have increased by 57%. The largest increase in prices occurred in the premium villa segment.
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.
In recent years, the real estate market in the United Arab Emirates has experienced significant growth. However, not every offer merits attention. Let’s examine the drawbacks of the race for new developments.
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 became a federal state in 1971 with six emirates and a seventh joining a year later. The history of the UAE is characterized by rapid development; there is no other country in the world that has formed and developed into such a state in such a short time.
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.
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.
Entrepreneurs from all over the world come to the UAE. They register their businesses there, obtain freelancer visas, and purchase real estate.
PR
Dubai, known as the “City of Cities,” has transformed from a minor desert port into one of the world’s most remarkable entertainment destinations. The emirate now hosts a wide array of world-class sporting events, including…
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.
+30 % business growth. In the first quarter of last year, the number of business licenses in Dubai increased by 30%.
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.
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.
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.
