Dubai

Question: I am about to invest in an off-plan property in Dubai, with the handover of my unit scheduled for 2028, according to the sale agreement. What will happen if the developer delays the handover? Am I entitled to compensation, and if so, when would I receive it? Answer: When a property is sold in Dubai, both the seller and the purchaser sign a Sale Purchase Agreement (SPA). An SPA will normally...

The Dubai property market has an array of real estate offerings to suit buyer needs, here is a comparison of what $1 million can get you in two of the city’s residential real estate hotspots As the Dubai real estate market continues to attract global investors, two of its top family residential communities – Arabian Ranches and Al Barari – offer distinctively different lifestyles and property...

Emirates. Estate, an online real estate platform in the UAE, has released an extensive series of updated area guides designed to provide insights for property investors worldwide. These guides offer information on the most sought-after locations across the country and are aimed at helping investors make informed decisions in the UAE real estate market. The release of these updated area guides comes at a...

Dubai is home to more than 120 of the world’s wealthiest families and individuals, with a total net worth of more than $1 trillion (Dh3.67 trillion) as the UAE has attracted thousands of millionaires from all over the world over the past decade, especially after the pandemic. This has positioned the emirate first in the Middle East, Africa and South Asia (MEASA) and among the top 22 cities globally...

Dubai off-plan sales accounted for 63% of total transactions in Q1, a new report reveals. Dubai’s residential real estate market witnessed record-breaking growth in the first quarter of 2024, driven by a substantial surge in off-plan property sales, according to a new report by Savills. Off-plan sales skyrocketed 73 percent quarter-on-quarter, accounting for 63 percent of total transactions in Q1,...

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...

High-net-worth individuals from around the world are expected to invest more than Dh16 billion ($4.4 billion) in Dubai's property market in 2024, as the emirate emerges as the most preferred destination for investors. According to global real estate consultancy Knight Frank, HNWI's investment appetite draws them to Abu Dhabi and Sharjah after Dubai. Dubai property market has been on the radar of...

Property investors and landlords in Dubai who had put their faith in short-term rentals have been amply rewarded all through December, with year-on-year rate increases even touching highs of 50 percent, according to market sources. A significant number of these bookings are for an entire week’s worth of stay, with apartment leases averaging Dh1,500-Dh2,500 a day depending on location, scale of demand,...

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...

Short-term rentals could prove a popular option for visitors to Dubai during summer months, Dubai short-term rentals could thrive in the summer, according to accommodation management firm Frank Porter. A range of tourism initiatives in Dubai and rising prices in European resorts make a visit to the UAE an attractive option for business and leisure travelers. Short-term let accommodation is set to enjoy...