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The new project includes two wings with 37 duplex apartments, with which a single floor will interconnect in the form of a bridge. In the lower part of the structure, shopping and commercial facilities are expected, which will allow residents to get everything they need for a comfortable life within walking distance. The elite complex H Residence will be located on Al Wasl Road. The construction is carried out by a private investment company, ARM Holding, one of the largest developers in the region. It is a definitive answer to why skyscrapers are so famous in Dubai today. The building will not stand out against the background of nearby low-rise settlements, which will preserve the unified architectural style of the community. The highlight of the project will be a 30 m long recreation...

In terms of the number and height of skyscrapers, Dubai occupies a leading position in the world. The Uptown Tower skyscraper is another “gem” in the extensive collection of the metropolis. It is a project of one of the largest developers in the region, the DMCC company. So far, 68 floors have been erected, which equals a height of 260 meters. According to Ahmed Bin Sulayem, executive director of DMCC, there are only 80 meters left until the end of the project. At the same time, finishing work is underway, so far covering the first 45 floors. They cover both exterior and interior finishes. Electrical wiring, water supply, transformers are installed. A total of 78 floors are planned for the building. It sits next to the JLT cluster. The skyscraper will include branded...

The results of October showed an increase in prices for residential real estate in Dubai. According to the ValuStrat consulting group, the increase in the value of villas in several cottage communities has reached 31% compared to the same period last year. The situation with the demand for premium real estate has changed. Activity in comparison with September fell by 4.3%, as evidenced by the volume of completed transactions. The drop in demand mainly affected housing under construction. However, even with such indicators, we can confidently say that the market has become more active, and capital losses of the last year are not afraid of it. The Dubai Price Index shows an increase of 12.6%. If in January this figure was 0.7%, then by October it jumped to 1.8%. The top three districts...

There is no doubt about the profitability of real estate investments in Dubai, as it has a consistently high profitability index. The trend of increasing prices for rental properties has already been outlined in the third quarter of 2021. Budget housing has increased in price by about 14%, and in some areas, this figure has reached 30%. And if studio flats and apartments were previously leading, now many people are striving to live a more comfortable life. People are actively renting out penthouses and villas. The rent increase is associated with Expo 2020. Over 400,000 foreigners have already visited the emirate in the first 10 days since its beginning. Approximately 25 million people are expected to arrive in the UAE within six months. It will increase the demand for housing in the...

According to Luxhabitat Sotheby's, premium properties are in increasing demand in the Dubai real estate market. At the end of 2020, there was a demand for villas, townhouses, and luxury apartments, and in 2021 investors began to buy housing worth over $8 million even more. In total, about 30 similar housing were sold at various prices during this year. There is information about at least three millionaires who bought real estate worth over $27 million. The pandemic caused this situation. As a result, people have revised existing ideas about the housing quality in terms of convenience and the ability to work at home. In 2020, 30 real estate transactions were concluded in this value. The figures for 2021 are already higher than those for the previous period, although there are still two...

According to Mortgage Finder, mortgage lending in the third quarter of this year became the most popular. Low-interest rates and increased demand for real estate in Dubai have contributed to an increase in transactions. The number of credit transactions in the first nine months has already exceeded last year’s results. According to the director of the consulting agency Warren Philliskirk, such a purchase scheme makes housing affordable on all budgets. The last quarter of the year is promising. With the start of Expo 2020, more than 400,000 tourists have already visited the emirate. The increased influx of foreigners who may become potential investors encourages sales in Dubai. Last year, the Central Bank decided to reduce the requirements for the initial payment. Now for foreigners,...

An increasing number of foreign nationals are choosing Dubai properties as investments. The market is recovering, and sales are growing in the emirate. A new report of the Dubai Land Department shows that the real estate market of the metropolis is directly related to investment flows. Investors are interested in receiving a net return on high-yield real estate. The first push to buy foreign real estate was the lowering of mortgage rates facilitated by the pandemic. The situation began to change in the second half of last year, with investors accounting for more than 61% of transactions. In 2021, the real estate market continued to grow by investors. Specialists say that rent increases will help to maintain the latest trends in 2022. Increased demand led to higher prices. Villas were...

From mid-summer to the end of the first month of autumn, 15,926 property transactions totaled $11 billion. It is Dubai’s historical record in value and returns to sales that have not been available since 2009. In the third quarter, secondary housing transactions led in the market. They accounted for 56.5% of the total number of transactions. These are 9,017 contracts for the purchase of $7.8 billion apartments, flats, and villas. In the housing market, sales reached 6,909 transactions exceeding $3.6 billion. Dubai Hills Estate and Arabian Ranches are the most popular locations for buying houses with an isolated territory. Apartments are more in demand in tourist and central areas of the city. These include Jumeirah Lake Towers, Dubai Marina, Jumeirah Village Circle, and Downtown...

The current period of 2021 saw record demand for villas in Dubai. Expo 2020 directly affects the real estate sales market. If earlier buyers treated individual houses as an opportunity to maintain a comfortable lifestyle during the pandemic, luxury villas are now popular as an investment property. Expo 2020 will attract not only tourists and stakeholders but also potential investors in the UAE. Analysts believe that the increased demand for real estate will reach the communities directly participating in or associated with this event. As the exhibition lasts six months, analysts say that it is unlikely that house prices will fall during this period. Prices of villas are expected to increase quarterly by 50%. The situation in the real estate market during this period of the year leads to...

One of the largest developers of the UAE, Union Properties, presented a new project of townhouses to be built in Motor City Hills. The first stage of the project is the construction of three-story houses of 415 buildings. The developer has chosen a real estate agency that will be engaged in marketing and sales. The new project will take the central part of the district. Three-story residential buildings will include spacious apartments with an area of 278 square meters. 4-room apartments will be suitable for large families. This is the second major project of the developer. In August last year, the company began to build Motor City Views. It will expand the housing stock of the metropolis by another 880 units. Brisk demand for real estate shows sales growth, which has been observed since...

According to the Henley & Partners index, Dubai is one of the world’s most attractive investment destinations. Several programs have been launched in the United Arab Emirates to simplify obtaining a residence permit to increase investor loyalty. There are several reasons to invest: High standard of living. The active development of the economy attracts foreign investors. Profitable taxation system. There is no need to pay taxes for ownership, as well as when renting out real estate. Simplified scheme for obtaining a visa when investing in residential real estate. In the ranking of emirates, the UAE ranks 11th in popularity among wealthy foreign investors who want to obtain a residence permit. In total, there are 25 largest megacities in the world in the list. The cities...

Currently, real estate is becoming popular in communities near Expo 2020. According to the Dubai portal Zoom Property Insights, the demand for luxury real estate on private land plots is expected to increase. Villa sales in 2021 reached a record level, while budget options from $ 400,000 and luxury real estate for several million dollars are equally in demand. The pandemic has changed the attitude of potential buyers to a comfortable life. However, this is not the only moment that provoked the growth of villa sales. The exhibition will attract the interest of potential investors for six months. Experts and analysts believe that this will attract not only tourists but also those who want to invest profitably in real estate. In the first half of 2021, there were almost 3,700 villa deals...

Vincitore Realty is implementing a wellness resort project for $101,000,000 on the construction site. The Vincitore Benessere complex combines luxury real estate and wellness complexes. Luxury and wellness in one area The project includes branded residences, studio apartments, and luxury apartments with several bedrooms. In total, there will be 380 housing units on the territory. The integrated complex is unique. It includes a wellness center with an area of 10,000 sq. m. These are: Gym. Spacious swimming pool. Aromatherapy room. Extensive landscaped garden. A meditation platform. Treadmills and many other objects from the wellness industry. According to the developer, the pandemic has affected the quality of life of ordinary people and construction companies. Therefore,...

For a long time, the minimum financial requirement to apply for a residence visa through investment in Dubai’s property was $272,742. Currently, according to the official information from the Dubai Land Department, the amount has been reduced to $204,108. The economic impact: More foreign funds will be attracted The economy will be stimulated through the cash inflow An influx of skilled workers A significant rise in demand for residential and commercial units is expected to result from the Expo 2020 exhibition as well. Details The visa paperwork does not require much effort. However, it is important to know that only the buyers who purchase ready properties are eligible for the investor visa. This rule does not apply to off-plan projects. Homes purchased with a...

Social networks show people queuing up to one of the largest developers in the UAE – Nakheel company. Murooj Al Furjan West is the second phase of the project and includes 360 townhouses. Development of the Dubai housing market This was the last time before the global pandemic, when demand exceeded profitable developers' offers, forcing potential buyers to line up. Analysts believe that the heightened interest in Nakheel properties and the increase in the total value of real estate transactions this year indicate an increase in the inflow of investors. Nakheel developer has commissioned three- and four-bedroom houses with an initial price of AED 1,850,000. Experts say that such popularity is due not only to the activation of the real estate market. Other reasons...