According to DHG Properties, the UAE's residential real estate market is being boosted by the commercial property market as tax advantages, high rental yields, and Golden Visas lure international investors.The renowned Swiss real estate developer said the UAE's high commercial property demand translates to tremendous residential real estate success for the country.DHG cites a 45 percent increase in demand...
Dubai's real estate rental business is expected to grow to new heights in 2024, having reached almost $10 billion last year.According to Provident Property Management, the rental activity in the Dubai real estate market has increased significantly, indicating the market's continued success.A new report said the average price for renting apartments in the city is approximately AED73 ($20) per square foot so...
The Dubai Land Department (DLD) has fined 3 developers in Dubai AED500,000 ($136,100) for promoting and marketing real estate tasks without finishing the required registration tactics for off-plan tasks, according to Law No. 8 of 2007 on Real Estate Development Escrow Accounts.The escrow account is a bank account specific for an actual estate task, where the price range gathered from shoppers of off-plan...
Family offices are fast emerging as the new focal points for attracting and routing high-value investments in Dubai’s real estate sector, providing tailored solutions in sync with the unique goals and values of the ultra-rich, industry insiders said.The increasing tendency is causing the number of foundations and entities affiliated with well-known family companies and individuals at the Dubai...
Denmark, a real estate consultancy in the UAE, has officially launched sales for the Kempinski Marina Residences in Dubai in partnership with ABA Group and Kempinski Group.Prior to its opening, the initiative attracted hundreds of expressions of interest, and in its first 48 hours, revenues topped AED 1 billion.“We are delighted to unveil the luxurious details of Kempinski Marina Residences, Dubai,”...
Dubai's skyline is an array of stunning architectural wonders. And one of them stands out can be The Burj Royale. The iconic home, located within the heart of Downtown Dubai offers the ultimate in luxuriousness and comfort. Who will collect the most when they make Burj Royale home? We'll explore the many advantages this luxurious property offers, ranging from extravagant facilities to investments, and...
Dubai Production City, also known as the International Media Production Zone (IMPZ), is a free zone situated near Sheikh Mohammed bin Zayed Road and Al Khail Road for easy access to commercial hubs like Downtown Dubai and Dubai Marina.Cutting-Edge Technology Covering 43 million square feet, Dubai Production City offers cutting-edge infrastructure such as high-speed internet and advanced telecom services,...
After Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah, elites seeking to settle in Dubai have turned to Jumeirah Islands as a new hunting area.Prime Neighborhood EmergesGlobal real estate consultancy Knight Frank said the Islands recorded more than 10% of all deals valued at over Dh10 million over the past three years, demonstrating that the area can hold its value and become a prime...
The Burj Khalifa is the world's tallest building, often adding value to apartments with views of the skyscraper. However, what is the expense of living in the actual building? Both owning and renting in the Burj Khalifa come with sky-high price tags, alongside the exclusivity of the address.The Burj Khalifa Tower offers various residential units, each with views of the city's skyline. The value of each...
Welcome to Al Thowima Residences where luxury knows no bounds, and every detail has been meticulously planned to offer an extraordinary living experience! Situated at the center of Dubai, they are a luxury and modern living beacon, perfect if you dream of owning a home that blends contemporary design with timeless elegance! This guide explores why these residences have become such sought-after addresses...