million in realty transactions on Wednesday alone. According to data released by Dubai's Land Department (DLD), the sales included 419 villas and apartments worth AED711.48 million, along with 21 land plots worth AED119.4 million. The surge in real estate transactions in Dubai is a positive sign for the city's economy, which was heavily impacted by the COVID-19 pandemic. The rebound in the real estate...
Dubai's luxury real estate market continues to reach new heights, as Majid Al Futtaim Properties recently set a new standard for luxury by selling a villa mansion on Lanai Island for a record-breaking AED 200 million. This deal represents the highest ever in the Tilal Al Ghaf project, a luxury residential community that has become a favorite destination for buyers seeking the finest levels of luxury in...
Dubai's real estate market is on the rise, with home prices up an average of 20% from their 2020 trough. This growth has been fueled by a combination of factors, including strong demand from cash buyers and an influx of investors from China. Additionally, structural reforms and high rental yields are also helping to drive demand for real estate in the city. According to recent reports, Dubai real estate...
Dubai's real estate market is one of the most attractive investment destinations in the world. With its stable economy, attractive tax policies, and unparalleled lifestyle offerings, Dubai continues to attract investors from all over the globe. One of the hottest investment opportunities in Dubai's real estate market today is Azizi Vista, a new launch development located in the vibrant community of Studio...
If you are renting an apartment in Dubai, it's important to understand the maintenance responsibilities of both the landlord and the tenant. In Dubai, the relationship between landlords and tenants is regulated by Law No. 26 of 2007, which outlines the rights and responsibilities of both parties. According to the Dubai Rent Law, it is the responsibility of the landlord to carry out maintenance and...
ZāZEN Properties, a leading sustainable property developer in the UAE, has announced that 75% of the units at its off-plan development within the Al Furjan community in Dubai have been sold out. ZāZEN Gardens, a Leed-Gold-certified development, features a total of 159 apartments ranging from 824 to 1,612 sq ft, as well as two retail outlets on the ground floor. With construction work already 25%...
The Dubai Land Department (DLD) has recently announced its sponsorship of the 20th edition of the Dubai International Property Show (IPS 2024), which will be held at the Dubai World Trade Centre from 27 to 29 February 2024. The IPS 2024 is a unique platform that brings together real estate and property development experts, specialists, and industry leaders to showcase local and global real estate projects...
The real estate market in Dubai has experienced a resurgence in demand and value, with a 53% annual growth in the value of real estate transactions recorded in March, reaching Dh34.2 billion ($9.3 billion). According to a report by real estate listings website Property Finder, the emirate recorded 12,000 real estate transactions last month, a 45% annual increase in volume compared to the same time last...
Dubai, one of the most luxurious and cosmopolitan cities in the world, has always been an attractive destination for tourists and investors alike. With its rapidly growing economy, world-class infrastructure, and diverse culture, Dubai has become a hub for global business and tourism. Over the years, the city has also emerged as a popular destination for holiday homes, attracting investors from around the...
Investing in off-plan properties has become increasingly popular in Dubai over the years. However, with the excitement of owning a new property, there are risks involved. One of the biggest concerns for investors is what happens if the developer fails to deliver the property. In this article, we will discuss the rights of buyers in such a scenario. To begin with, it is important to note that...
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