A New Haven for Waterfront LivingIn the wake of a successful relaunch of Palm Jebel Ali, Nakheel, the prominent Dubai-based developer, introduces yet another sought-after destination for waterfront living: Dubai Islands (formerly recognized as ‘Deira Islands’). The unveiling of off-plan sales for the opulent homes at Dubai Islands has sparked an unprecedented rush among potential buyers and property...
The Sharjah real estate sector has witnessed an exceptional upswing, with transactions totaling AED 3.9 billion ($1.1 billion) recorded in January 2024, as in keeping with the latest document from the Sharjah Real Estate Registration Department. This sizable boom marks an enormous leap compared to January 2023, when transactions amounted to a best of AED 2 billion ($545 million).Transaction Volume...
In the bustling real estate landscape of Dubai, where investment opportunities abound, it’s vital for prospective customers to delve beyond the surface and draw close to the whole spectrum of expenses related to property acquisition.While the listed price would possibly seize the attention, its myriad of additional costs, prices, and recurrent fees paint the entire picture of ownership expenses in this...
Luxurious Interiors and AmenitiesDAMAC Properties, a leading luxurious real estate developer in the UAE, has brought ‘The Sapphire‘ tower, the stylish addition to its esteemed Safa series. This series, which is famous for its incredible and sumptuous interiors, appeals to today's humans trying to find a wealthy way of existence.Commitment to Excellence“As we step into the new year, DAMAC reaffirms...
The Dubai real estate marketplace experienced a fantastic boom in January 2024, with profits carrying out $9.6 billion (AED35.Four billion) – a considerable 27% increase as compared to January 2023 sales, in line with a report through the usage of the property portal Property Finder. The market saw a 17% year-to-year (YoY) surge in recorded profits transactions, exceeding 11,000 in comparison to 8,712...
Off-Plan Property Segment Continues GrowthThe UAE real estate area witnessed widespread growth the remaining year, attaining sales of $124 billion, with Dubai's off-plan asset purchases playing a great role.Off-plan actual property sales in Dubai are expected to receive a similar improvement because of modifications in Golden Visa guidelines and changes in delivery.Despite the completion of over 60,000...
Dubai Land Department’s DeadlineDubai’s real estate panorama is the present process a directive from the Dubai Land Department, compelling real estate sellers to rapidly take away any residences unavailable for sale or lease from their digital systems.Inspection Reveals DiscrepanciesScheduled inspections of electronic real estate portals have found lingering listings of properties now not available,...
Dubai’s real estate sector is thriving, cementing its reputation as a gold standard destination for investors looking for diversification and robust returns. Bas Kooijman, CEO and Asset Manager of DHF Capital S.A. Forecasts a 5% growth in the marketplace for 2024, based on the latest statistics indicating a tremendous $100 billion funding inflow in 2023. The UAE economy is also predicted to obtain a...
Sheikh Maktoum, Mohamed bin Hadi Al Hussaini, Fahad Al Turki and other officials at the World Governments Summit in Dubai - (Img from WGS)The United Arab Emirates-based cross-border payment system Buna plans to add currencies from major Asian and African countries like India, China, Pakistan, and others from Europe in 2024-25.“We continue providing innovative services and launched instant payments. We...
According to an information release, the Real Estate Regulatory Agency (RERA) in Dubai has fined thirty actual property businesses for breaking regulations regarding advertisements.AED 50,000 Fine Each for 30 FirmsRERA highlighted that real property corporations should abide by the stipulated phrases and situations for actual estate classified ads.The declaration stated that the 30 actual estate...
NEOM’s Impact on FDI:An important motive force of the UK to the Middle East funding this 12 months is anticipated to be NEOM, a cornerstone of Saudi Arabia’s Vision 2030 method, in keeping with the Lumina Cross-Border Insights 2024 record.NEOM’s first-holiday destination, Sindlah, is scheduled to open in 2024 with an expected investment of $500 billion, representing a major turning point in the...
Kempinski’s Luxury Real Estate Venture in Dubai Marina: European Elegance RedefinedIntroductionKempinski, the oldest luxury hotel group in Europe with a rich heritage of hospitality excellence, has unveiled an exciting new chapter in its expansion into the luxury residential sector—Kempinski Marina Residences in the heart of Dubai Marina. This prestigious development marks a major milestone as...
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