Faster Property Registration in DubaiWith registration times dropping from days to minutes, purchasing real estate in Dubai will become easier and faster.This arrived after the Dubai Land Department signed a contract with the top 7 developers of the emirate, authorizing them to use its registration method to handle all real estate transactions.Empowering Developers and Increasing Registration CapacityThe...
On Monday, the Dubai Land Department (DLD) restricted 10 property owners from contracting their properties due to overcrowding and protection standards. The regulator announced that this decision was made after the regulator's partners carried out inspections."DLD, in partnership with its strategic partners, conducted thorough inspection campaigns that resulted in banning ten property owners from leasing...
ENBD REIT, the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, sold Remraam residential assets for an undisclosed amount, but at a slight premium to market value on 31 March this year.In a filing with Dubai Financial Market (DFM), ENBD REIT said the decision to divest the asset aligns with its turnaround strategy to optimize its portfolio with a focus on...
Non-resident Indians (NRIs) are increasingly focusing on the Dubai real estate market, drawn by the promise of tax-free returns and potential yields of up to 10%, experts told Arabian Business.NRI investors looking for profitable real estate opportunities continue to be drawn to the UAE since there are no restrictions on the amount of property they can buy and chances for long-term visas.“The obvious...
To strengthen the real estate market in the city, a real estate firm in Dubai has brought on 20 Emirati agents to its staff. D&B Properties has successfully onboarded more than 20 Emirati real estate agents as part of a new strategic collaboration with the Dubai Land Department (DLD). This initiative, aimed at supporting the Dubai Real Estate Brokers Program, marks a significant milestone in fostering...
Due to increased demand from locals and wealthy individuals who moved to Dubai, villa prices have more than doubled in 10 communities in the last four years.The most recent delinquent data from international real estate consulting firm ValuStrat, which includes Jumeirah Park, Palm Jumeirah, Jumeirah Islands, Green Community West, Arabian Ranches, Dubai Hills Estate, Emirates Hills, and Jumeirah Islands,...
Dubai has been ranked among the few cities worldwide, and its property market growth is accelerating.The Emirate is ranked along with Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris, and Warsaw, where the property market's growth is accelerating, according to global real estate consultancy JLL's Global Real Estate Perspective.Dubai's Real Estate Outperforms Global PeersThe Emirate's real estate has...
According to formations cast on Monday, more than 17,000 real estate transactions totaling Dh55.5 Bn were confirmed in Dubai last month, establishing a new record for July 2024. According to Property Finder data, the market maintained an upward trend, seeing a 59% increase in transactions and a 57% increase in value when compared to July 2023.Key Areas and Market SegmentsThe industry saw a turning point in...
DHG Properties, a leading Swiss real estate development company, has announced that it has achieved significant sales milestones for its latest project, Helvetia Residences, located in Jumeirah Village Circle, Dubai, with 58% of its units sold within the development.Dubai's Real Estate Market OverviewDubai's real estate sector has grown with active off-plan and ready property activity. In Q2 of 2024,...
Over Dh2.5 billion in sales have been made in all four stages of Sharjah Sustainable City, the first sustainable master-planned residential community created by the Sharjah Investment and Development Authority (Shurooq) in collaboration with Diamond Developers.This significant event highlights the growing need for and awareness of sustainable living alternatives, as only a small number of the original...