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.
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.
Last year, the United Arab Emirates once again secured a position in the top 10 countries for global competitiveness. The renowned International Institute of Management Development (IMD) compiled the rating, analyzing world economies based on 336 criteria grouped into four key categories: financial performance, entrepreneurial activity, government effectiveness, and infrastructure quality. The leaders of this list create ideal conditions for business development, ensuring rapid economic growth.
The liquidity of a real estate property refers to its ability to be quickly sold without significant losses in the original cost.
Price is the most volatile element in any market, subject to influence by various factors that can lead to unexpected consequences, often beyond the foresight of experienced analysts.
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.
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 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.
We extend our welcome and are excited to present our latest analytical review. Bloomberg recognizes the Dubai market as one of the most promising and accessible globally. Dubai currently holds the fourth position in luxury housing offers. Russian investors took the lead in real estate acquisitions, spending over 800 billion rubles last year, according to expert estimates.
Right now, the dynamic property market in the Emirate is witnessing the emergence of new trends that are shaping its landscape. These trends encompass migration patterns, changes in buyer demographics, luxury property transformations, resale dynamics, stability in the mid-market, and the infusion of new technologies into the home services sector.
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.
We will explore how the installment plan system works in Dubai, the conditions offered by developers, and answer the question of what consequences are possible if payments are made late.
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.
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.
Serviced offices are a unique format of office real estate, where the operator of the service space provides a full range of services for successful business. This format includes everything from the ability to accommodate employees to the provision of reception services, cleaning services, coffee ladies, and a carefully thought-out technological infrastructure for office management.
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.
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.
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.
Today, the issue of buying a villa in Dubai is becoming increasingly popular both for those who want to move to Dubai and live as comfortably as possible and for those who are engaged in the renovation of villas for resale. In this article, we will talk about houses and villas in Dubai, UAE.
The Dubai residential real estate market has set a sales record in 2022. Contrary to popular belief, not only because of the influx of Russian money. Investors from Western Europe and Asian countries showed high interest. And new promising projects are appearing in Dubai – in particular, the Damac Harbor Lights skyscraper.
Discover the advantages of investing in Dubai’s luxury real estate market, which offers a wide range of properties from chic city apartments to elegant beach villas, with enormous return opportunities.
Dubai, known for its incredible feats of architecture and engineering, is a popular destination for real estate investors seeking quick profits through property flipping. But be careful, not everything that glitters is gold.
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.
On October 14, everyone is invited to the Open House, where they will be able to view and buy luxury villas in the Garden Homes community on Palm Jumeirah.
Investors who are thinking about purchasing property in the UAE are faced with the choice of buying ready-made property or off-plan projects in Dubai. It is very difficult to say exactly which choice is better….
What you need to know before renting an apartment daily in the UAE. Read the rules and regulations for renting apartments in Dubai.