Dubai has emerged as a top destination for real estate investments. Dubai's wealth is largely influenced by its strategic location midway between East and West. The desert city is now a sparkling downtown designed with smart infrastructure, contemporary architecture, luxurious housing projects, and commercial areas. As per the experts, Dubai's real estate sector is expected to...
The Dubai economy recorded 111.3 billion dirhams in the first half of 2023, up 2.8 percent year-on-year, with growth in all large sectors, including transport, storage, finance, and insurance. The economic growth rate last year was 4.4%. The goal of the 'D33' plan of the Dubai Economic Agenda is to become one of the world's top three economic hubs. Officials also plan to...
In 2022, Dubai welcomed a huge number of new projects in the arts and creative sectors, up 107.7% from the previous year. This was far more than major cities like Berlin, Paris, London, and Singapore. As per the Dubai FDI Monitor report, 76% of all projects are new investments, making up the majority of these projects. Read More: Dubai Property Highest Price Expected to Jump...
According to Dubai-based Realistes research report on AI-driven markets, the city's real estate sector is expected to experience further growth in the upcoming April-June quarter. A significant increase in international investors raises expectations for high growth in the UAE economy. As per the report, this activity is the primary factor and the expected price increase is...
According to the latest news, in the first quarter of 2023, Dubai Real Estate was dominated by British, Russian and Indian buyers, leaving Pakistan to join the top 10 Dubai Real Estate buyers. Investors from various countries such as Italy, Lebanon, Egypt, Turkey, France, China and UAE are top investors in Dubai real estate projects. The country has become very popular around...
The DLD (Dubai Land Department) has introduced Madmoun, a new electronic service to validate real estate advertisements. Madmoun aims to modernize real estate governance processes and increase investor confidence. DLD has issued a circular confirming the implementation of the newly launched electronic services. DLD customers can scan the code and get a brief look at the...
As per ZaZEN Properties, more than 80% of Dubai residents are looking for properties with affordable rent, outdoor space, multiple rooms, and large outdoor spaces. As per the report published by real estate company ZaZEN Properties, In which they claim the demand for luxury villas and townhouses in Dubai is growing, especially among the upper class and high net worth (HNWIs)....
A fabulous new $3.5 billion island project has officially launched within Abu Dhabi Ramhan Islands. It is a project by Mohamed Alabbar and was announced by Arabian Business last month. The initiative comes after Mr Alabbar recently launched the $2.5 billion Marina and Durres Yacht Club in Albania. Read More: Saudi Arabia Allows Foreigners to Buy Property Across the...
According to the latest news, Saudi Arabia will draft a new real estate law that will allow foreigners to purchase properties across the country. Abdullah Alhammad, CEO of the Real Estate General Authority (REGA), said a new law in the process that would give foreigners permission and rights to buy property from non-Saudi nationals. Read More: Burj Binghatti Jacob & Co...