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.
In wealth Dubai, an entrepreneur may feel that starting a business here is easy. It is enough to call a lawyer or business consultant to establish a company, attract investors, and start making money.
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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…
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.
Having analyzed the common mistakes in investing in real estate in Dubai, we would like to share our thoughts on why it is not advisable to sell real estate in Dubai soon (including 2025). To better understand this situation, we will look at the current situation in the real estate market in this Arab metropolis.
Dubai has secured its position as one of the world’s top ten cities in the 2024 World’s Best Cities Report. Notably, it is ranked as the best place to live, visit, and invest.
British critic of architecture and urbanism, Tom Dyckhoff, notes that Dubai is actively seeking to change its image, aiming to create a city that is not just luxurious, but also elegant. Plans to transform Dubai into a “proper city” include hinterland areas beyond luxury resorts for major league football stars.
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).
As of the beginning of the second half of 2023, 35% of projects in Dubai were commissioned behind schedule. The average delay in commissioning for new buildings was six months, with larger projects experiencing a lag of up to two and a half years. 41% of projects delivered at the wrong time are delayed for 10 years.
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.
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.
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.
Since 2019, foreign citizens can fully own real estate in special freehold zones in the UAE, resulting in a growing number of home buyers.
When planning a beach holiday in the United Arab Emirates, Saadiyat Island is a wonderful place to consider for your vacation. Read our article and draw your own conclusions about whether you want to go on a beach holiday here or not.
Dubai is expanding every year. There are regular new areas and residential complexes that attract tourists and expats with unique architecture, developed infrastructure, and comfortable conditions.
DAMAC Properties has been operating in the residential real estate market in Dubai since 2002 as a division of DAMAC Group, a multi-purpose enterprise founded in 1982.
Renting an elite villa in Dubai can cost $50,000 per day, while purchasing can cost more than $100 million. Let’s try to analyze the situation with prices in the UAE.
A good way for tourists to get around The Palm Jumeirah in Dubai is the Palm Jumeirah Monorail. With this, you can travel very comfortably and quickly around the whole island. On foot, it is not possible to look at this because it is just too big. We would like to explain exactly what this costs and what you have to consider.
If you are interested in Arabic coins then you should visit the Coins Museum Dubai. It’s definitely very interesting and you can see coins there that you’ve probably never seen before.
A really great attraction in Dubai is the Sky Views Dubai Observatory. There you will find a glass floor with a great view, the Sky Walk and much more where you will definitely be amazed.
A great view of the skyline of Dubai Marina and Bluewaters Island is from the Flying Cup. Especially for children, this is an interesting attraction where you will have a lot of fun.
Here are hotel tips in Dubai for the year 2022 that you should definitely visit. There are always new spectacular hotels that are of course recommended for a vacation in the emirate. So it always remains exciting there.
The Movenpick Hotel Jumeirah Beach is located in the best location in Dubai and is only a few meters from the beach. Furthermore, it offers a good price/performance ratio and is interesting for tourists who want luxury and do not want to spend too much money on it.
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Parimatch is a leading online betting platform that offers a wide range of exciting opportunities for United Arab Emirates (UAE) players. With its user-friendly website, Parimatch provides a seamless betting experience that caters to the…
Masdar City is a city project in Abu Dhabi, United Arab Emirates. The project was presented in 2006 and realized under the direction of Masdar, a subsidiary of the Mubadala Development Company since 2008.
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In an intermediate landing, you can also view Dubai in 24 hours in the short run. What you can visit will we explain exactly here. That’s possible, but then quite stressful what you can imagine.
The Dubai Water Bus is the perfect way for tourists to get around Dubai Creek or Dubai Marina. Both are stationed with several water buses that can be used. Visitors to the metropolis, in particular, like to use this service to move quickly on the water.
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The Forex Traders Summit 2023 is the largest global event of its kind, as well as in the Middle East and GCE. New traders get to rub shoulders, meet, and indulge in conversation with professionals…
A great view can be enjoyed from the JA Oasis Beach Tower in Dubai. It is a tower with 45 floors where the apartments even have a balcony. But there are no longer any on the upper floors because this is simply too dangerous. The view of The Palm Jumeirah is of course breathtaking from up there.
