There’s a growing fascination with Dubai’s real estate among Chinese investors, spurred by Douyin. This platform is connecting buyers and sellers in China with the profitable real estate opportunities in Dubai, the UAE, and the broader Middle East. A new whitepaper by Navitex, a leading global digital marketing agency, highlights the increasing attention Chinese investors are paying to the real...
Dubai is projected to deliver around 34,000 units, while Abu Dhabi aims to complete approximately 8,000 units. This positive outlook is supported by robust economic foundations, government initiatives, and growing investor confidence. At a panel discussion titled "Navigating the Growth Spectrum: Exploring Strategies for Sustained Success," hosted by JLL, experts highlighted the potential...
Nobu Residences: a three-bedroom penthouse that takes up the whole top floor went for AED 137 million, or roughly $37,308,305.80. In Abu Dhabi, this is the highest price per square meter ever paid for a residential property. This sale, which breaks previous records in the capital at over AED96,000 per square meter, comes after Aldar sold a four-bedroom duplex sky villa at the same Nobu Residences...
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Nakheel and Meydan will join forces with Dubai Holding. The two companies will become part of Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum. The board of directors of both Nakheel and Meydan will be abolished. “In a new...
Dubai, United Arab Emirates: Azizi Developments, a leading private real estate developer in the UAE, has accelerated the construction of the fourth phase of Riviera, Azizi’s French Mediterranean-inspired waterfront community strategically located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most important business, leisure, and retail hubs. It is scheduled for completion by...
Union Properties, a developer in Dubai, claims that its recovery effort is beginning to produce the outcomes that investors and the regional real estate market are hoping for. “The present rise in net profit (for 2023) is a testament to Union Properties’ unwavering dedication to upholding transparency,” it said in a statement. “The company continues to improve governance, reforming the...
Ramadan has arrived! With the changes in work and school hours, adjustments have also been made to public service hours in the UAE. From paid parking hours to car testing center timings, everything may have slightly different schedules during this holy month. Prepare for Ramadan with our convenient guide to public service timings. Abu DhabiMawaqif timingsMonday to Saturday8 am to...
All you need to know about rent increases in Dubai (calculator and rights) March 7, 2024 Reading Time: 3 mins read A A If your rental contract is up for renewal, you may be wondering whether your landlord will raise your rent. In Dubai, tenants are notified of any rent increases in advance, by the emirate’s rental laws. The Dubai Land Department (DLD) also regulates...
According to a recent report released on Wednesday, prime residential real estate in the United Arab Emirates is predicted to yield between 6.25 and 7 percent. Residential properties are predicted to yield between 7% and 7.5%, per CBRE Research’s 2024 Market Outlook for Middle East real estate. Within the office sector, the range of expected yields for prime offices is 6.5% to 7.25 percent, and...
36.6% who look for unfurnished ones. Tenants who can afford to rent a villa or townhouse, on the other hand, have varying preferences; roughly 42.6% of them are looking for furnished rentals and 55.5% are looking for unfurnished units. According to the portal, approximately 36 percent of tenants were seeking one-bedroom units, while 31 percent expressed a preference for two-bedroom apartments, and 22...
