Business

Dubai rents rise by up to 15% after rental index update

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...

New private island in Dubai to have floating helipad, mansions worth up to Dh250 million

Residents of Amali Island will have exclusive access to their own 10,000 sqft clubhouse, serving as the island's recreation, adventure, and leisure hubThe Dubai-based boutique luxury property developer Amali Properties on Tuesday (April 30) unveiled its first master-planned community, Amali Island on The World Islands, housing 24 villas targeted at millionaires. The villas are priced between Dh50 million...

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