Mohamed Alabbar, the chairman of Emaar Properties, announced on Friday the company's commitment to providing free repairs for all properties affected by the intense weather conditions. This initiative aims to alleviate the burdens faced by thousands of residents impacted by the unprecedented rainfall in Dubai. Commitment to Community Well-being Alabbar emphasized Emaar's dedication to acting responsibly...
The Dubai luxury real estate market is experiencing a surge, as reported by Knight Frank, a global property consultant. In the first quarter of this year, Dubai witnessed a remarkable increase in the sale of properties valued at more than $10 million, totaling to 105 transactions, marking a significant 19% rise compared to the same period in 2023. Rising Demand for Luxury Properties Faisal Durrani,...
The Rise of Palm Jebel Ali: A Hotspot for Investors Industry insiders reveal that investors are reaping the benefits of a three-year surge in the local real estate market by capitalizing on premium returns of up to 10%. Palm Jebel Ali is positioned to become one of Dubai's next major investment hubs, following in the footsteps of the highly successful Palm Jumeirah. Development Initiatives and Investor...
In the dynamic landscape of Dubai's real estate market, the first quarter of 2024 marked a notable transition in investment patterns, with Indian investors reclaiming their position as the leading nationality in residential property acquisitions, surpassing British counterparts. Emergence of New Investor Demographics Aside from the resurgence of Indian interest, Americans are emerging as significant...
In the dynamic landscape of entrepreneurship, choosing the optimal location to establish a startup is paramount. Recent research has underscored the United Arab Emirates (UAE) as a prime contender, ranking it among the top destinations worldwide for budding entrepreneurs in 2024. The UAE: A Thriving Hub for Startups Among 52 countries scrutinized in Business Name Generator's analysis, the UAE emerged as...
RERA's Commitment to Regulatory Compliance As the primary regulatory authority overseeing real estate activities in Dubai, RERA places paramount importance on ensuring compliance with stipulated terms and conditions governing real estate advertisements. This commitment underscores RERA's dedication to fostering transparency and reliability in the property market. By mandating advertising licenses for real...
The Rising Trend of Co-Living Spaces in Dubai: A New Paradigm for Accommodation.In the bustling city of Dubai, a significant shift is underway in the way residents, particularly those in their 20s and early 30s, choose to experience urban living. Instead of traditional rental arrangements, many are opting for the vibrant and communal atmosphere offered by co-living spaces. This emerging trend is reshaping...
Dubai landlords, accustomed to seeking higher rental amounts from the Real Estate Regulatory Authority (RERA), are now subject to a new protocol for rent revaluation as of April 1, 2024. Anisha Sagar, director of property management at Allsopp & Allsopp Group, elucidated that this procedural shift necessitates landlords to furnish a judgment or court order alongside their application for rent...
Introduction to Dubai's New Rental Laws Dubai, known for its dynamic real estate landscape, has recently introduced significant changes to its rental laws. One of the notable requirements is that landlords must obtain a legal order if they seek a rent re-evaluation. Explanation of the Rent Re-evaluation Requirement Importance of the Legal Order The legal order acts as a safeguard, ensuring that any...
Dubai, the jewel of the Middle East, continues to dazzle investors with its flourishing real estate market, particularly in the realm of luxury properties. As a global hub for business, tourism, and luxury living, Dubai's allure for high-net-worth individuals seeking opulent homes remains unmatched.Discover why high-net-worth individuals are drawn to Dubai's skyline, offering a glimpse into a world of...
