September 2024

Dubai Land Department (DLD) on Monday said it banned 10 property owners from leasing their properties due to overcrowding and safety standards. The regulator announced that this decision was taken after inspections carried out by the regulator’s partners. “DLD, in partnership with its strategic partners, conducted thorough inspection campaigns that resulted in banning 10 property owners from...

The rise of tokenization and blockchain technology in Dubai – and the larger UAE – is also boosting fractional ownership of real estate assets, even encompassing various high-value assets such as Savis vacation homes. Tokenization is the new buzzword in Dubai’s real estate sector, fast gaining traction with investors to own properties in the city through stablecoins and tokens on blockchains,...

Dubai Land Department signs a deal with the top seven developers of the emirate, allowing them to use its registration system to manage all real estate transactions Buying properties in Dubai will become smoother and faster as registration time will reduce from days to minutes. This came after the Dubai Land Department signed a deal with the top seven developers of the emirate, allowing them to use its...

The Dubai real estate market has seen a record-setting transaction at the beginning of trading on Tuesday, with a plot of land in the Business Bay area selling for Dh650 million.Spanning over 333,000 square feet, this landmark deal reflects the continued strength and attractiveness of Dubai’s real estate sector. The total value of real estate sales in Dubai has soared to Dh2 billion, driven by 494...

Rents in Dubai have increased up to 15 percent since the Real Estate Regulatory Authority (Rera) Rental Index was updated earlier in March this year. “The Rera rental index was updated earlier this year to reflect rental increases, with most districts seeing increases in the range of 8 to 15 percent. We have seen a higher number of renewals compared to new leases as tenants look at renewing in...

Emaar Properties, real-estate developer, on Tuesday launched Dh55-billion The Heights Country Club & Wellness, which will span over 81 million square feet. Located 10 minutes from Al Maktoum International Airport, the project will house townhouses and semi-attached villas, a wellness center, parks, ponds, lush greenways, and a country club. It also features cycling and jogging tracks, expansive...

After a 124 per cent increase since 2020, Dubai saw slight moderation in real estate price increase, slowing from 15.9 per cent growth in the first quarter to a decline of 0.3 per cent in the second quarter, according to an international property consultancy. Globally, Manila has topped the Knight Frank’s Prime Global Cities Index with an increase of 26 per cent. The index is a valuation-based data...

The Endowments and Minors’ Trust Foundation in Dubai (AWQAF) has announced the development of 21 endowment real estate projects valued at over Dh202 million. These projects include malls, residential buildings, shops, and mosques, which are currently at various stages of design and implementation. The endowment real estate projects encompass a range of purposes, including educational and humanitarian...

According to a survey, 87 percent of homebuyers are willing to pay more for a home in a community that offers amenities that align with their lifestyle needs Amenities that match 5-star hotels are becoming a common feature among new residential projects in the UAE. Location is definitely a key factor in buying property anywhere in the world, but amenities also play a critical role, especially in...

Starting 17 August, passengers will need to add a minimum of AED50 when topping up their nol cards to commute via Dubai Metro. Dubai’s Roads and Transport Authority (RTA) has announced a change to the minimum top-up amount for nol cards at Dubai Metro ticket offices.Starting 17 August, passengers will need to add a minimum of AED50 when topping up their cards.“Your #PublicTransport trips are smoother...