The Dubai real estate market is making waves yet again with soaring property prices and skyrocketing rents, reflecting a dynamic and robust sector. According to recent analysis conducted by CBRE, a leading real estate advisory firm, Dubai has witnessed remarkable growth in its real estate landscape over the past year. Here's a closer look at the numbers and trends shaping this thriving market. Dubai's...
The introduction of the new corporate income tax framework in the UAE has significant implications for individuals and businesses actively involved in real estate ventures. It's crucial to grasp the nuances of how this tax regime operates, particularly for those with vested interests in the real estate sector. Under the new regulations, individuals and businesses conducting real estate development...
Sobha Hartland, Dubai Harbour Part 1, and Bu Kadra Part 2 have emerged as the top three investment hotspots in Dubai's real estate market for 2023, according to a recent report. These projections are the result of advanced analysis conducted by Realiste, a proptech company, utilizing its proprietary AI platform. These areas have been identified as the most promising locations in terms of potential...
International real estate firm MERED has officially launched its presence in Dubai, accompanied by the introduction of its flagship project situated in Dubai Internet City. MERED, renowned for its team of global industry experts, skilled artisans, and accomplished craftsmen, is poised to transform the real estate landscape in the region. Committed to creating premium destinations that enhance...
Recent data from Refinitiv highlights significant shifts in global property markets. In the United States, office prices have experienced a notable 16% decline since their peak in March 2022. This decline has been well-documented, with expectations of further drops due to the substantial investments required for property renovations. What's more surprising is the 20% decrease in prices of multi-family...
Hussain Sajwani, the visionary founder and chairman of Damac Properties, expresses a strong sense of optimism regarding Dubai's real estate sector and believes that it will continue to provide investors with double-digit returns. In an interview with Khaleej Times, Sajwani emphasized his confidence in Dubai's growth potential, stating, "We are focusing on Dubai because the city will continue to grow...
Dubai's real estate sector witnessed a remarkable surge, with property transactions amounting to AED24.7 billion ($6.7 billion) in the week ending September 1, as reported by the Dubai Land Department. During this period, a total of 3,223 transactions took place, comprising 236 plot sales valued at AED1.82 billion ($496 million) and 2,302 apartment and villa sales totaling AED4.87 billion ($1.3...
Dubai's thriving real estate market has seen a notable surge in interest from Russian buyers, marking a robust demand for properties in the UAE, as reported by Bloomberg recently. Emaar Properties, Dubai's leading real estate company responsible for approximately 30% of pre-construction home sales, revealed that Russian nationals now constitute the largest segment of their market. While the exact...