According to a recent analysis by property consultancy Cushman & Wakefield. There is a noteworthy difference between new lease agreements and lease renewals in Dubai’s real estate landscape. It indicates a unique two-tiered rental market. The research clarifies the underlying causes of this pattern and the larger forces influencing Dubai’s rental market.
Real estate in Dubai is changing dramatically as more and more Property Buyers in Dubai are gravitating toward the rapidly developing residential areas of Majan and Furjan. By starting fresh rounds of off-plan developments, developers are taking advantage of the demand and trying to appeal to a broad spectrum of purchasers. Furthermore, neighborhoods such as Jumeirah Village South are becoming increasingly well-known as the preferred choice for mid- to upper-mid-range residential options at reasonably affordable prices.
The United Arab Emirates (UAE) has indeed eliminated the Dh1 million ($272,294) minimum down payments needed for people to invest in real estate and be eligible for a golden visa. This is a significant legislative change. This calculated action aims to get more citizens and foreign investors to become more deeply involved in the nation. Experts in the field are eagerly observing the move as it is anticipated to affect Dubai’s real estate market significantly.
The United Arab Emirates (UAE) has been a prominent destination for those searching for fresh prospects, and its Golden Visa initiative has become a vital pathway towards permanent residency. Since its launch in 2019, the Golden Visa program has seen an incredible spike in issuance, with a 52% increase in just the first half of 2023.
This highly sought-after 10-year visa embodies the UAE’s dedication to drawing in a diversified talent pool by extending its advantages to professionals, entrepreneurs, investors, and students. Professionals with a monthly salary of Dh30,000 or more in some industries are eligible, while individuals without job criteria have other options. Here, we explore five options beyond employment restrictions and provide a thorough how-to for obtaining a ten-year resident permit in the United Arab Emirates.
The real estate market in Dubai is expected to continue expanding in 2024, although at a somewhat slower rate than the substantial increase observed in 2023. This article explores the elements that have led to the expected rise, looking at expert projections and contributory variables. The housing market in Dubai is encountering tremendous changes that merit researching, going from the spike in property costs to the changing socioeconomics of purchasers and the impact of government endeavors.
The Golden Visa program in Dubai has experienced a radical change, doing away with the prior requirement that property owners make a minimum down payment of Dh1 million. Khaleej Times revealed the updated requirements, which need properties worth more than Dh2 million to grant the Golden Visa to a broader range of people. This article explores the ramifications of this policy move and how it creates new opportunities for home buyers, especially those who choose mortgages or payment plans. The action is a calculated attempt by the Dubai government to improve diversity and draw in various contributors to the city’s booming real estate market.
Dubai, with its futuristic skyline, opulent lifestyle, and thriving economy, has emerged as a prime destination for real estate investments. Investors from around the world are increasingly turning their attention to this city that seamlessly blends tradition with modernity. What sets Dubai apart is not just its iconic structures and luxurious amenities but also the potential for affordable yet high-yield returns in the real estate sector. In this article, we’ll explore the reasons behind Dubai’s rise as a favoured destination for those seeking a balance between affordability and lucrative returns in real estate.
In the dynamic landscape of Dubai’s real estate market, one residential enclave has consistently stood out as a beacon of investment opportunity — Jumeirah Park. This masterfully designed community has earned its reputation as Dubai’s top investment hotspot, drawing discerning investors and homeowners alike. From its strategic location to its aesthetic appeal and robust amenities, Jumeirah Park offers a unique combination of factors that make it a prime destination for those seeking both lifestyle and financial growth.
The real estate market in UAE has shown remarkable resilience with 2,329 real estate transactions in Dubai totaling over AED 12.7 billion in value during the week concluding on September 15, 2023, as per the latest data released by the Dubai Land Department (DLD).
The DLD’s comprehensive report unveils intriguing insights into the city’s real estate landscape. Notably, 549 plots changed hands, commanding a substantial AED 4.25 billion, while 1,780 apartments and villas found new owners, amounting to AED 3.94 billion in transactions.
If you’re a newcomer to Dubai or simply relocating within the Emirate, setting up your electricity and water connections should be high on your priority list & these essential services are provided by the Dubai Electricity and Water Authority or DEWA for short.
In this comprehensive guide to DEWA, we’ll provide you with all the essential information about the organization, its services, a breakdown of the DEWA bill, and how to establish or terminate your connection.
