Many landlords in Dubai have begun increasing rents upon renewal of residency contracts after the Real Estate Regulatory Authority (RERA) reworked its rental index, allowing property owners to extend rents to align with the market value.Industry leaders, however, say that many residents in the emirate will only have to pay more increased rents later this year or early next year when their present tenancy...
Dubai South Properties has given Al Kharafi Construction Company a contract worth AED 1.50 billion to construct the South Bay project's third, fourth, and fifth stages.According to a press release, the company started the project's fourth phase, expected to be completed in the first quarter (Q1) of 2027.Details of the Fourth PhaseThere will be 138 units in the fourth phase, consisting of five seven-bedroom...
Dubai's real estate sector has witnessed sustained interest in existing and off plan properties in the first three months of the year, according to the Property Finder's Market Watch digest report for Q1 2024.Property Finder analysts identified more than 36,000 sales transactions in the year's first quarter, making it the second-highest three-month period on record.Q1 2024 has unfolded to a strong demand...
For families renting a spacious villa in Dubai without breaking the bank, options for AED100,000 or less per year are available.Based on data from Property Finder's House Prices calculator and several listings on Bayut, here are four neighborhoods where three-bedroom villas can be found in this price range.Dubai SouthLocated close to Al Maktoum International Airport, Dubai South has emerged as a cheap...
Dubai stands as a beacon of possibility in the global real estate market, attracting customers from all over the world with its modern structure, strategic vicinity, and dynamic financial system. The city's real estate quarter, seen for its immoderate rental yields, tax incentives, and sturdy marketplace stability, offers a unique and profitable funding panorama. This manual desires to navigate you through...
A new report showed that 40 percent of property sales in Dubai this year have gone to home seekers looking to buy villas.Property Finder’s recent 2024 data has unveiled that out of this 40 percent, 85 percent are looking for three-bedroom and above villas. Data displayed areas directing the demand in early 2024, like Dubai Hills Estate, Arabian Ranches, Al Furjan, Mohammed Bin Rashid City, and Palm...
On Sunday, the Dubai Land Department (DLD) signed a deal with nine private and government-backed developers to allocate a certain quota for their projects sold through Emirati brokers to provide more job opportunities to the locals.In an agreement signed with Emaar Properties, Deyaar, Expo Dubai, Damac Properties, MAG, Azizi Developments, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real...
Experts say that DUBAI's real estate market will continue its upward trend this year, following a solid start in the first quarter as investors and end-users flock to buy residential properties in the emirate.Steady Increase in Transactions and PricesThe latest data indicates that the emirate's residential market has retained its appeal during the January-March 2024 quarter by reflecting solid double-digit...
La Maison Amal: Integrating Luxury and WellnessLa Maison Amal, a recent wellness-focused super-prime residential project in Dubai's Al Barari area, was projected on Thursday in a move that is set to disrupt the emirate's real estate sector.The 5-bedroom residences project is touted to integrate luxury with tranquillity and wellness seamlessly.Maria Morris, Founder and CEO at Maria Morris Real Estate, said...
Branded residences are on the upward push globally, especially in Dubai, with great increases in branded residential initiatives set to reshape the town’s skyline. However, are there distinct benefits to proudly owning a branded house over a non-branded one, or is the price tag handiest associated with the brand name?Primary Distinction: Exclusivity vs Broader AppealThe primary distinction between...