The Real Estate Regulatory Authority (Rera) index for Dubai has been updated, potentially affecting long-term tenants, according to an expert. Better Homes CEO Richard Waind announced that the Rera calculator was revised on March 1 to better align future renewals with current market rentals. The calculator provides landlords and tenants with information on how much rent can increase upon renewal based on...
Samana Developers, a prominent entity in the Dubai real estate market, has recently inked two joint venture agreements with Defence Housing Authority (DHA) Pakistan during the International Property Show Dubai.Collaboration with DHA IslamabadThe first agreement, signed with DHA Islamabad, involves partnerships between Imran Farooq, CEO of Samana Developers, and Brigadier Muqeem Ahmed Subhani, director of...
The DFM General Index rose sharply in February, posting the third-highest monthly gain across the GCC region. The increase was confirmed in Kamco Invest’s GCC Markets Monthly Report, which noted an increase of 3.4%, ending the index at 4,308.8 points. Despite these positive developments, month-on-month sector performance showed a mixed picture, with five of the eight sector indices declining and the...
Short-time period leases are becoming more and more famous among UAE residents as they offer huge ability for added profits. Industry experts recognize that many first-time property owners are now choosing to list their properties for short-term rental to generate extra cash. Like many exceptional sectors, the quick-time period apartment market professional a downturn throughout the COVID-19 pandemic in...
Dubai’s red-hot property market saw apartment prices rise at their fastest rate in over a decade in January 2024, according to the latest ValuStrat Price Index (VPI) report. This growth was fueled by strong demand amid limited ready supply, as developers focused on off-plan sales.Surging Capital Appreciation for Apartments Catches Up to VillasThe VPI, which tracks changes in capital values for typical...
Prices of high residential properties in Dubai surged using more than 16 percent last 12 months, marking the second one-fastest increase in growth rate globally, driven via a robust call amidst a broader financial rebound.According to assets consultancy Knight Frank’s film released on Wednesday, homes valued at $10 million or more in the best neighborhoods like The Palm Jumeirah, Emirates Hills, and...
IntroductionAnalysts suggest that recent changes in UAE Golden Visa rules could significantly benefit Dubai’s real estate investors. This article explores how to apply for a visa, associated costs, and expert opinions on the matter.Impact on Dubai Real EstateThe UAE government’s selection to take away the AED1 million ($272,000) minimal down fee requirement for Golden Visa eligibility through real...
Luxury Living Revolution – A Visionary ExpansionDubai’s real estate panorama is on the brink of a brilliant transformation as Emaar Properties, a leading developer inside the vicinity, publicizes an enormous expansion of its prestigious residential improvement, The Oasis via Emaar. Renowned for its architectural elegance and indoor sophistication crafted by way of global design luminaries, this task is...
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...
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...