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...
Introduction In recent years, Dubai has emerged as a global hub for real estate investment, attracting investors from around the world. However, a significant development has been the increasing share of real estate sales handled by Emirati agents. This article delves into the implications of this trend, exploring its drivers, impact, and prospects. Amidst the burgeoning real estate market in Dubai,...
Dubai has emerged as a premier destination for real estate investment, drawing attention from both local and international investors. Among the various investment options available, off-plan properties have become increasingly popular due to their unique advantages and promising returns. If you're contemplating diving into Dubai's real estate market, here are five compelling reasons why investing in...
Dubai Villa Market Shows Signs of Slowing Growth Amidst Surge in Apartment Sales. The surge in sales of villas in Dubai appears to be slowing down, as February transactions dropped by over 50%. According to a Hamptons International report, the total number of villa properties sold in Dubai during the same period last year decreased by about 55%. However, there was a 22.8% increase in transactions over the...
The United Arab Emirates (UAE) emerges as a dominant force in the global arena, securing its position as the nation with the most robust and resilient economy, alongside being one of the world's premier "soft powers." UAE: A Beacon of Soft Power Excellence In a remarkable feat for the second consecutive year, the UAE stands tall, clinching the 10th spot in the prestigious Brand Finance Soft Power...
The United Arab Emirates (UAE) real estate market is expected to see continued growth in 2024, despite global economic challenges. Dubai and Abu Dhabi are projected to play significant roles in this expansion, with an estimated delivery of approximately 34,000 and 8,000 units, respectively. Driving Forces Behind UAE Real Estate Growth Industry experts gathered at JLL's recent event, "Navigating...
