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Real Estate

One of the most sold real estate projects in the UAE is the DAMAC Hills 2 Community

Unveiling DAMAC Hills 2: A Visionary Master Development Spanning an impressive 55 million square feet, DAMAC Hills 2 epitomizes innovation and excellence in urban planning. Crafted by DAMAC Properties, a trailblazer in UAE's real estate realm, this master development redefines community living with its dynamic offerings. From lush green spaces to state-of-the-art amenities, DAMAC Hills 2 sets a new...

Emaar Properties Offers Free Repairs for Homes Damaged by Dubai Rains

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...

Dubai sold luxury properties for $1.7 billion in the first quarter of 2024

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 Palm Jebel Ali of Dubai is attracting long-term investors

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...

Dubai’s Residential Real Estate Sector Sees Shift in Investment Trends

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 2024, the United Arab Emirates is one of the top nations to establish a business

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...

30 Real Estate Companies Are Guaranteed Compliance with New RERA Regulations

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 increasing demand for co-living spaces in Dubai from new residents is driving up rental prices

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 Now Required to Provide Court Orders for Rent Re-evaluation

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...

Dubai’s New Rental Laws: A Guide to Rent Re-evaluation

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...

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