The removal of the minimal down fee requirement of Dh1 million for eligibility for the ten-year residency in Dubai has led to an enormous growth in the call for properties worth Dh2 million.Industry executives document that many belonging developers are responding to this surge in calls by way of growing the size of flats to cater to the developing market for Dh2 million properties. Additionally, traders...
Union Properties, an outstanding developer in Dubai, asserts that its recuperation tasks yield the preferred outcomes for buyers and the nearby real estate marketplace."The increase in net income for 2023 is a testament to Union Properties' steadfast dedication to transparency," the company stated in a press launch.Union Properties emphasized its ongoing efforts to enhance governance, reform corporate...
Dubai is poised to witness the emergence of three new master communities in 2024, further bolstering the villa and townhouse supply in the market and signaling the next phase of expansion for the emirate.New Master Communities on the HorizonProperty Monitor, a prominent real estate market intelligence provider, has reported that these upcoming developments include two new communities revealed by...
Demand Outstrips Supply for Spacious Villas in Post-Pandemic DubaiIn a pass to cater to the surging demand for uber-luxury residences, Dubai-primarily based Arista Properties has unveiled the Dh500 million Wadi Villas development, located inside the prestigious Mohammed Bin Rashid Al Maktoum City, District eleven, Meydan. This release comes at a time when the urge for spacious villas has soared, with...
Rent Payments in Dubai Shifting to DigitalDubai tenants and landlords now have the option to make and receive rent payments through direct debit, eliminating the need for outdated cheque payments.The Direct Debit System, which is the UAE's initial paperless direct debit marketplace, has joined forces with Keyper, a prominent technology-driven property management platform backed by venture capital, to...
Dubai is ready to witness the emergence of a brand new architectural icon with the announcement of Waldorf Astoria Residences Dubai Downtown, a joint task among international hospitality giant Hilton and esteemed actual property developer NABNI Developments. Scheduled for of entirety by means of 2028 in the vibrant heart of Downtown Dubai, this challenge marks a historical milestone because the first...
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...