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...
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...
Introduction: The exciting new luxury real estate project by Kempinski is about to be unveiled at Dubai Marina. The oldest luxury hotel chain in Europe, Kempinski, has just announced that it has entered into a management agreement for a group of upscale, branded apartments in Dubai Marina. The ABA Group Dubai-led development of the Kempinski Marina Residences is expected to bring a touch of traditional...
Recent eviction notice cases in DubaiRental Dispute Centre (RDC) are favoring landlords trying to remove sitting tenants when selling properties. Previously, buyers of tenanted properties had to serve new 12-month notices, even if existing notices were served. This allowed tenants to serve 11 months, then get 12 more months when the property sold. But article 25 law 33 of 2008 on notices is now...