Ras Al Khaimah recorded its highest-value single-unit home sale with the Sky Palace at Waldorf Astoria Residences fetching $35.4 million (Dh130 million), signaling strong international demand for ultra-luxury waterfront properties in the northern emirate.
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.
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.
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%.
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?
The journey of investors in Dubai often involves navigating through challenging mistakes arising from practical situations in a market marked by its diversity. Understanding the intricacies of property ownership is crucial, including different statuses such as freehold, 99-year leasehold for specific locations, and properties inaccessible to foreign investors.
Dubai, one of the most impressive cities globally, is renowned for its unique projects, and Palm Jebel Ali stands out as one of the largest artificial islands with grand prospects. The new palm-shaped island aspires to replicate the success of Palm Jumeirah, which has become an integral part of the city’s landscape. Let’s delve into the details of this exciting project.
In recent years, Dubai’s real estate market has witnessed significant development, setting remarkable records that have given rise to both positive and negative myths.
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.
Today, as we look at Dubai, which is a global financial and cultural hub, it is hard to imagine that only 50 years ago it was an unnoticed fishing village. Today, Dubai attracts tourists from around the world and it is home to the richest people on the planet. But how did this small village become a luxurious metropolis? And why is Dubai’s success unrelated to oil?
Long-term and short-term contracts between the lessee and the lessor are concluded without third-party witnesses and guarantors. Let’s compare the advantages and disadvantages of daily and long-term rental apartments in Dubai.
Real estate investment is a reliable way to save and diversify savings, and the UAE remains one of the most popular destinations for such investments.
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.
The state creates comfortable conditions for entrepreneurs: low taxes, support for the business community, and the legalization of cryptocurrency. The UAE easily accepts emigrants: according to UN data for 2023, about 88% of the population…
The Emirate is taking major strategic steps to diversify its economy, aiming to increase the flow of people, companies, and investments.
There are many myths and legends about the emergence of pearls. According to one of the Emirati legends, the pearl is the daughter of the rain (Bint Al Matar’), which fell into the sink and turned into a pearl. The second legend states that the pearl is the daughter of the moon (Bint Al Qamar), which has fallen into the sink through the moonbeam. Whether from rain or from the moon a pearl is born, it is the most fascinating and not requiring processing of the jewellery of nature from ancient years to the present day.
The United Arab Emirates is a country of modern cities and buildings that make you dizzy, for example, Dubai is home to the tallest building in the world with 162 floors. The 828-meter Burj Khalifa…
