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Union Properties, Dubai’s major developer, has unveiled its latest development project called Motor City Views. The project is seen to add value to Dubai’s extensive urban redevelopment efforts. According to the developer, the construction will kick off in the near future. Dubai Financial Market (DFM)-listed Union Properties announced that the residential community will be located in the heart of Motor City overlooking its famous racetrack. The total area of Motor City Views is approximately 857,184 square meters. Shareholders who have invested in the construction of the residential unit will have a priority position. According to Union Properties’ chairman of the board of directors, the project will combine groundbreaking technologies, innovative design and...

Despite the coronavirus, Dubai actively develops in all directions: the economy is recovering from the crisis, international influence is increasing and the residential sector is developing. The latter shows impressive results. Read more about the current situation in the Dubai real estate market, sales rates and demand leaders. Our catalogue offers the very latest luxury property in Dubai. Content: Residential sector on the way to recovery List of the most popular off-plan luxury properties Sales rates in the most popular areas of Dubai Prospects for the real estate market in Dubai Real estate price increase Investment activity growth Dubai-Luxury.Property helps buy real estate in Dubai Residential sector on the way to recovery The most difficult period for the Arabian real...

The most notable positive results came from revenues from contracts with foreign clients. Revenue growth was $ 53.7 million. Dubai Union Properties is an iconic Dubai developer operating in Dubai financial market. Its diversified subsidiaries announced their consolidated financial results for the 6 months ended 30 June 30, 2021 with a total profit of US $ 32.4 million, compared to the unprofitable 2020 of US $ 160.4 million - stunning result. The company's profit increased by 483% in the 2nd quarter of 2021 and reached $ 26.83 million compared to the 1st quarter of the previous year. In the 2nd quarter of this year, market players witnessed a significant shift in many types of business activities, especially in the real estate sector in the UAE in general and in Dubai in particular....

Dubai is a city of great opportunity, business, luxury, as well as breath-taking skyscrapers and real estate. The latter is especially well-developed. The real estate sector in Dubai is one of the most profitable in the UAE after the oil industry and tourism. Among the huge variety of options, villas in Dubai have a special place. This luxury Arabian real estate is known for its chic and practicality. Read more about 10 of the most luxurious and outstanding villas. Our catalogue offers the very latest luxury property in Dubai. Content: Luxury Arabian villas Where are the most expensive villas in Dubai? TOP-10 most expensive villas №10 Palm Jumeirah Villa Frond C №9 Dubai Hills Estate Grove Villas №8 Lake view villa №7 Palm Jumeirah Villa Frond P №6 Emirates Hills Renaissance...

Emaar, one of Dubai leading real estate developers, headed the top real estate. The share of objects sold was 20.4% of the number of sold housing objects. According to the latest ValuStrat analysis, villas in Dubai are showing the highest annual capital gains amid strong demand. According to the publication, at the moment, the growth of the cost of residential capital is actively continuing in Dubai, since the villas are in the lead with the highest growth in the last 6 years. Real estate sales in Dubai have shown positive momentum since the new COVID-19 measures were introduced last year. Demand was driven by strong interest from international and domestic buyers and improved market sentiment. Residential complexes in demanded premium areas showed double growth in July 2021. The...

Luxury apartments in Dubai are in high demand. Prime home prices depend on many aspects, but experts note the current rise in prices is because of an increase in demand. During the lockdown, the real estate market appeared to go sideways. Meanwhile, in 2021, property sales jumped, along with sales of prime homes. Our catalogue offers the very latest luxury property in Dubai. Contents: Benefits of investing in prime property market Things you need to know about taxation Housing cost depends on developers Prime locations Factors affecting property prices Approximate prices for apartments Purchase procedure We are here to help you choose luxury real estate in Dubai Benefits of investing in prime property market The demand is driven by many reasons,...

Real estate management company Asteco says the gradual recovery of the Arab housing market will continue in Q2 2021, with prices skyrocketing in parts of Dubai. The second quarter of 2021 saw a sharp increase in villa prices in Dubai to a record 27%. According to analysts, this directly indicates that the UAE real estate sector continues to actively recover. Jumeirah saw the highest price increases at 27% from Q1 to Q2 2021, according to the latest report from property management company Asteco. It was followed by Springs, which saw an increase of 24%, and Dubai Hills Estate, where prices increased by 19%. Apartment sales in Dubai are also rising in all directions, with Palm Jumeirah having the highest growth from Q1 to Q2 by 13%, followed by Business Bay by 12% and Jumeirah Lakes...

From the beginning of 2021 to the end of July, 46,040 transactions totaling $ 44.42 billion were made in the Dubai real estate market. The Dubai Land Department (DLD) said in its housing market report for July that from the beginning of 2021 to the end of July, a total of 46,040 transactions worth AED 163 billion had been made in the country. This led to an increase in the number of transactions by 43% and an increase in their cost by 68%, respectively, as at the same time in 2020. The Dubai Land Department also noted 17,980 new investors in July, the number of which amounted to 69.0% of the total number of investors in the housing market from the beginning of 2021 to the end of July. The top 5 best areas for sale of villas in July by value include Palm Jumeirah, Business Bay, Burj...

According to the latest analysis by Knight Frank, sales and prices for real estate in Palm Jumeirah have reached the highest level in the last few years, which was facilitated by high demand from wealthy buyers of luxury homes. The average transaction prices for residential properties on the artificial island amounted to AED 2100 ($571) per square meter in the second quarter of 2021, which is the highest level in the last 5 years, the consulting company Global real estate reported. The premium location also accounted for more than half of the multimillion-dollar homes sold during the first half of the year. 19 of the 34 houses worth more than $10 million sold in Dubai between January and June were located on the Palm Jumeirah. Buyers are particularly interested in buying villas, as the...

A survey reveals that most of the high-end property deals are concluded by locals. The UAE has a high standard of living and a stable economy, so the demand for luxury sector properties in Dubai is high. Our catalogue offers the very latest luxury property in Dubai. Content: Housing market in the time of pandemic Benefits of purchasing a luxury home Home buyers choose Dubai Dubai property types Popular locations Luxury real estate boom What factors determine home's value? We provide professional help in choosing real estate in Dubai, UAE Housing market in the time of pandemic Dubai has not been hit hard by the global economic downturn, although it witnessed some house price declines over the past few years. Lured by lower prices, investors rushed to buying up...

Transaction volume growth in the housing market for six months reached 74% year-on-year. According to the report on residential real estate in Dubai published by SmartCrowd, the volume of transactions increased by 74% year-on-year, in particular, thanks to the boom in the growth of the value of transactions to 113%, which, of course, indicates an increase in prices. The state policy to introduce attractive schemes for obtaining visas and residence permits for investors and professionals is beginning to bear fruit. Incentives to support entrepreneurs and the private sector, active security measures to combat COVID-19 and a far-sighted attitude to events such as Dubai EXPO 2020 have increased investors' appetite for Arab real estate. The director of the DFSA investment platform said that...

Dubai real estate sector is once again in the spotlight as one of the most popular real estate markets, where new individuals and investors flock to purchase luxury properties. Dubai Real Estate Market Report for the 1st half of 2021 has been recently released. An analytical real estate brokerage company reported that in the first half of 2021, the number of properties sold increased by 70% compared to the same period last year, and by 52% compared to the first half of 2019. Favorable economic climate in Dubai has boosted interest in Arab real estate and has led to active investment in residential properties over the past six months. According to preliminary forecasts, prices for Arab real estate will rise for at least another 2 years, with the US Federal Reserve System reporting that...

Overseas property investments are very popular. The United Arab Emirates is one of the leading destinations for this purpose. It offers a wide selection of both regular and luxury homes. Properties in Dubai are more sought-after as the city’s real estate market is growing at a faster pace. Besides buying costs, it makes sense to inspect the maintenance costs. Our catalogue offers the very latest luxury property in Dubai. Content: Is Dubai a good place for real estate investment? Annual maintenance costs What are service fees spent on? Utility costs for UAE nationals and residents Breaking down typical utility bill Centralized air conditioning system as home essential Home maintenance charges Cost of living in the UAE Finding your perfect home in Dubai is...

“Fast and effective government responses, cost-cutting business reforms, and timely stimulus packages helped accelerate economic growth and increase business and investor loyalty to Dubai during the crisis,” Sheikh Hamdan said in his speech. The announcement was made at the 2021 First Half Business Achievement Report hosted by the Business Registration and Licensing (BRL) Sector of Dubai Economy. “Strong growth and development of business sector reflects Dubai's ability to turn challenges into success. Many members of Dubai's ruling elite are convinced that crisis situations, if properly managed, successfully create new development opportunities. He also stressed that Sheikh Mohammed's vision has helped the UAE and Dubai in particular to successfully cope with the...

The United Arab Emirates is among the best countries for buying real estate as an investment or for a living. The country offers a comfortable climate, almost zero income taxes for individuals including no property taxes as well as the stable economic situation. What do you need to know about buying a property in the UAE? In this article, we answer this question. So what do you need to know before buying a property in the UAE? Let`s try to find out below. Our catalogue offers the very latest luxury property in Dubai. Content: Cultural mindset What a nonresident should know about buying a home in the UAE Choosing location Advantages of owning a property in the UAE Property types Participatory construction in the UAE Documents Settlement plan Taxation What you need to...