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  • Dubai developer Union Properties attracts investors to a new project

    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...

  • Dubai is among the best countries for obtaining visas through residential investment

    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...

  • In the last quarter of 2021, villas are in high demand in Dubai

    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...

  • Dubai cuts minimum property investment for 3-year visa

    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...

  • Dubai vs Abu Dhabi property markets: UAE Central Bank’s analysis

    The real estate market of the United Arab Emirates started to revive at the end of 2020, with the trend extending into 2021. Sales in the first half of the year hit beyond the highest level for the past five years. However, the market situation in Abu Dhabi and Dubai is different. According to the analysis from the UAE Central Bank, the real...

  • Dubai Holding adds 6,000 properties to the market

    Dubai Holding, the major state-owned investment holding company in Dubai, said it expects to sell 6,000 new homes during the rest of 2021 and early next year. The company is optimistic about the current situation in the real estate market. The growing demand, especially from foreign investors, contributes to an increase in sales. Established...

  • Dubai penthouse sells for record AED 19 million

    A penthouse in the residential complex in Downtown built by Omniyat, a major developer selling high-end properties, was sold for the whopping AED 19 million. The deal was the largest in the developer’s track record. The luxury triplex occupies three floors in the Dorchester Collection tower. Its price does not include additional finishes...

  • Off-plan property sales grow in Dubai

    According to experts at a leading Dubai consulting company, off-plan home sales grew at the fastest pace over the past 11 years in August 2021. Real estate market in numbers The total value of the transactions approached $30 billion. Experts note that almost every day the megalopolis sees an increase in not only the number of transactions but...

  • Dubai property sales hit record high in late August

    Dubai saw more than 1,665 real estate transactions over the last days of August and the first two days of September. According to the report of the Land Department, the total amount of transactions came in at $2.55 billion. Plots of land and prime properties among best-selling units Overall, 146 plots of land were sold with a total value of $620...

  • Dubai apartment prices likely to rise

    According to analysts, we are going to continue to see price increases in the Dubai property market in the coming years. Currently, the emirate’s residential real estate market is rather resilient. It is showing signs of recovery for the first time since 2016, with property prices expected to rise slightly over the next two...

  • Dubai property sales hit 8-year high amid increased demand

    Property purchases in Dubai reached an eight-year high in the first half of 2021 amid rising demand for more space in connection with the pandemic-driven shift toward remote work. Overall transactions soared by 69.2% and 46.4%, compared to the same period in 2020 and 2019, respectively, according to the latest CBRE research report...

  • Dubai most affordable areas with low rental rates

    The vast majority of neighborhoods in Dubai saw an increase in rental rates in the second quarter of 2021, sparking a rise in villa and apartment rents by 3% and 8%, respectively. According to a report from real estate consultancy Asteco, average rental rates for apartments in the second quarter in Dubai fell by 3% compared to the same period last...

  • Yet another Dubai villa sells for over AED 100 million

    In a recent sign of market resilience, a luxury Dubai villa has been sold for 100 million AED ($27.2 million). Major real estate agency Luxhabitat Sotheby's announced the sale of a luxury mansion in Dubai Hills Estate. It became the fastest deal ever among AED 100 million properties; it took less than a month from listingto the transaction. This...

  • Dubai among top 3 cities with fastest-growing rent in 2021

    Dubai witnessed a 5% increase in rental prices in January-June 2021. Along with Moscow and Miami, Dubai recorded the fastest pace of rental growth in the first half of 2021 as the emirate’s real estate market approached the pivot point after six years of negative rental prices, marking vigorous growth of the property market. According to a...

  • Union Properties launches new project in Dubai Motor City

    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...