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In the first half of this year, the Dubai real estate market has grown dramatically, and Russians are among the top five buyers. The volume of transactions with residential units increased by 60%, and their combined cost – by 85%. The five largest buyers were immigrants from India, Great Britain, Italy, Russia and France. They are followed...

In the first half of this year, record volumes of transactions were recorded in the Dubai real estate market. At the same time, the cost of properties grew from month to month. But June reversed this trend when real estate prices fell by 0.31%. This was the first fall since the beginning of 2022. Despite the decline in prices, many experts agree...

The rental value of apartments in Dubai Marina has increased from 16% to 20% during the first six months of 2022. At the same time, the purchase of a local 1-room residential unit costs an average of AED 88,000. In Downtown Dubai, due to increased demand from buyers and tenants, rents have risen from 3% to 43%. Luxury real estate in Jumeirah is in...

According to data published by the Dubai Land Department (DLD), on Monday, August 8, 2022, the Dubai real estate market demonstrated 376 property transactions with a total value of 897.38 million AED (244.3 million USD, 1.6 billion)), as well as 122 mortgage transactions for 704.22 million AED (191.7 million USD, 1.2 billion ¥) and 13 gift...

The real estate agency or portal is responsible for ensuring that any real estate advertisement published in Dubai is supported by the appropriate advertising permits. Dubai real estate websites are required to check the permits for these advertisements through an integrated interface with Dubai Land Department. The Land Department intends to...

According to a recent report, the real estate market in Dubai showed good results and ranked fourth in the world in terms of the growth in the cost of luxury housing in the first half of the year, as prices increased by 4.7% compared to an average of 2.4% in 30 cities around the world. This was largely due to the high activity of wealthy...

This year, the Dubai luxury real estate market has faced a rapidly growing demand from immigrants from Russia and other countries of the former USSR. According to a number of companies specializing in the sale of local residential properties, the number of Russian-speaking buyers has doubled compared to last year. Among the potential buyers was...

In recent months, buying activity in the luxury real estate market in Dubai has been growing rapidly. The most attention was paid to the purchase and sale of the Bulgari mansion, the cost of which amounted to AED 55 million (USD 14 million). One square meter cost the buyer AED 83,689. The Bulgari Mansion has become the most expensive four-bedroom...

According to the information provided by the Dubai Land Department, on August 2, 2022, a contract was concluded in Dubai: 396 transactions worth AED 845.37 million; 110 mortgage transactions in the amount of AED 376.93 million; 11 deals as gifts in the amount of AED 96.55 million. The total value of Dubai real estate sold on August 2...

The owners of real estate in the UAE, whose payments on fixed-rate mortgages have come up, will feel all the consequences of the latest increase in the interest rate by 0.75%. Over the past two months, the rate has increased by a total of 1.5%, and for property owners with obligations to banks, this will incur serious changes. This is especially...

Throughout Dubai, rental rates have been rising since the beginning of 2022, and analysts predict that by September the situation will gain even more momentum. From April to June, the average quarterly increase in the emirate for apartments and villas was 4% and 6%. In comparison with the figures of the previous year, in the same period of time,...

In the first quarter of 2022, the Dubai real estate market broke another record – 8,897 properties sold with a total value of AED 22.75 billion, which was the highest monthly sales since 2013. About 60% of the total number of registered transactions fell on secondary housing and about 40% on real estate under construction (off-plan). During...

Sheikh Mohammed bin Rashid issues a decree covering all real estate in the Emirate, including real estate in private development zones and free zones. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. (22) of 2022 introducing incentives for real estate investment...

Housing rents continue to rise in most areas of Dubai, with the largest increases recorded in the areas of Discovery Gardens, Living Legends, Downtown, Jumeirah and Dubai International Financial Centre (DIFC). Real estate analysts and industry executives say that rents are growing at the fastest pace in the last eight years, mainly due to the...

Recently, foreigners wishing to apply for a long-term visa for 10 years can do this by enlisting the support of a developer when buying real estate in the amount of 2 million AED ($544.500). This practice appeared after the developer Danube Properties offered a new initiative to its clients after the launch of the Gemz project. Industry experts...