According to accommodation management firm Frank Porter, Dubai short-term rentals could thrive in the summer.A range of tourism initiatives in Dubai and rising prices in European resorts make the UAE an attractive option for business and leisure travellers.Short-time period accommodation is ready to enjoy a hectic summer time thanks to the UAE’s assorted entertainment services, compelling summer season...
British investors are driving Dubai’s real estate market. Industry insiders told Arabian Business that they are flocking to the UAE in record numbers to buy properties and settle down, with high rental yields, lured by tax benefits and a luxury lifestyle.Data from top Dubai property agencies shows an exceptional surge in dealings from UK nationals over the past year, outpacing traditionally dominant...
On Sunday, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announced the expansion of a new passenger terminal at the Al Maktoum International Airport in Dubai South.The planned expansions of the new airport in Dubai are valued at AED128 billion (approximately $34.8 billion) and are expected to be five times larger than Dubai International Airport...
Swank Development Opens Office in DubaiSwank Development, a real estate developer from Portugal, has recently opened an office in Dubai and plans to launch its first project in Meydan, Mohammad bin Rashid City."Dubai is one of the top global destinations for business and living. Its thriving economy, superior lifestyle, advanced infrastructure, and safety and security distinguish it from other regional and...
According to the latest analysis by Bayut, apartments in Dubai Investments Park, Discovery Gardens, and Liwan offer the best rental returns of up to 11 percent to affordable property buyers.Dubai Silicon Oasis, Dubai Sports City, and Motor City have appeared as highly attractive choices. They offer up to 10 percent return on investment (ROI) based on projected apartment rental yields.Bayut's...
Transactions Surge 49.9% Compared to 2023 AED 1.46 billion worth of real real was exchanged in 1169 transactions in Ajman in March. This represents a noteworthy growth of more than 49.9% as compared to the identical time in 2023. Al Helio 1 Area Sees Highest Sales Value The Director General of the Department of Land and Real Estate Regulation in Ajman, Engineer Omar bin Omair Al Muhairi,...
The real estate sector in Dubai remains robust, with both off-plan and secondary/existing properties experiencing notable growth in sales.Investors and homeowners alike are witnessing appreciable increases in property values, with yields showing consistent year-on-year improvements, as reported by property specialist Haus & Haus Real Estate.The company has released its Dubai Market Reports for Q1,...
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...
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...