Real Estate

The occupier market in Dubai and Abu Dhabi recorded strong levels of activity in the first quarter, propelled by demand due to an increase in new rental registrations. In Dubai, occupier activity remained robust over the first quarter. Data from the Dubai Land Department revealed that the total number of rental registrations reached 46,850 registering an increase of 35.8 per cent compared to the previous...

Some developers in Dubai are offering and paying for multiple Golden Visas to investors and their family members in order to attract high-net-worth individual buyers. Investors and end-users buying property worth Dh2 million or above are eligible for the 10-year residency programme in the UAE. Damac Properties, the largest private developer in Dubai, has been offering three Golden Visas to buyers of...

Overall residential units sold in Dubai have almost reached the total numbers of 2023, data showed on Monday. According to Emirates NBD’s Residential Market Monthly, total residential units sold year to date (YTD) have reached 104,250, only 14,000 units short of the total transactions recorded in 2023. “We anticipate activity levels to remain relatively stable for the remainder of the year,...

Dubai’s real estate market is booming, but buyers face specific financial requirements and hidden costs – here’s how much you should be earning to buy property worth $1 million, according to experts. Dubai’s real estate market is booming, with property transactions hitting record highs. As local and international investors pour into the emirate, the $1 million price point has become a key...

Short-term rentals are emerging as a major second income for UAE residents as they are high in demand and offer much higher returns. Industry executives say that many first-time property owners are listing their properties for short-term rentals to earn a second income. Similar to other sectors, the short-term rental market also took a hit during the coronavirus pandemic in 2020 but recovered sharply...

For UAE residents, rents are one of the biggest costs that they bear every month. For some of the residents, it accounts for the highest expense of their monthly or yearly budgets. Rents have been consistently on the rise across the UAE over the past three years due to the massive influx of foreign workers into the country as the economy expanded at a strong pace. In the last quarter of 2023,...

Dubai’s real estate market stands out as a lucrative investment destination, offering a range of benefits for investors. Its performance and rebound since the pandemic has put it among the top global performers in the real estate prime residential assets class. Dubai recorded its strongest ever performance with 1.6 million transactions (from sale-purchase to lease-rental agreements), with 166,000...

Dubai: The number of Dubai residential property listings on online real estate platforms is starting to come down drastically after the RERA (Real Estate Regulatory Authority) crackdown and bring in extra layers of transparency on what’s being sold and by whom. This has effectively meant that ‘multiple’ listings of the same property and often showing different asking prices are getting removed...

Dubai: The Dubai Metro Blue Line project will commence this year and will encompass 14 stations, including three interchange stations, connecting key areas of Dubai, the Dubai Roads and Transport Authority (RTA) said on Sunday. “The year 2024 is set to mark the commencement of the Dubai Metro Blue Line project, which will stretch over a total of 30 km, with 15.5 km running underground and 14.5...

With top speeds of 320 km/hr, air taxis in the UAE could cut travel time between Dubai Airport and Palm Jumeirah from 30-45 minutes to 10 minutes. That is according to Ahmed Bahrozyan, CEO of the Public Transport Agency at Dubai’s Roads and Transport Authority. “With the speed, range and limited charging time, these vehicles can take passengers from Dubai Airport to the vertiport in Palm Jumeirah...