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Dubai rents see record high and are rising faster than ever

The average annual rent for a villa, or family home, in the emirate reached 268,758 dirhams ($73,171) last monthThe average annual rent for a villa, or family home, in the emirate reached 268,758 dirhams ($73,171) last month after prices jumped 26% in the year through September, according to real estate adviser CBRE Group Inc. Average apartment rents, meanwhile, soared 27% to 89,986...

UAE Golden Visa now available directly from real estate developers

UAE-based real estate developers are looking to make the most of the Golden Visa scheme by offering attractive Golden Visa benefits to eligible customers, including shouldering the cost of obtaining a UAE Golden Visa The Dubai real estate market recorded AED 22.7 billion sales in June – highest sales figures in the last 13 years – and reaching almost 71 percent of the total 2021 sales volume,...

Dubai real estate market records AED1.8 billion transactions on Wednesday

Wednesday’s property deals included 461 sales transactions worth AED1.43 billion, 89 mortgage deals of AED350.12 million and 15 gift deals amounting to AED55.11 million Dubai real estate market recorded AED1.8 billion worth of transactions on Wednesday, January 11, reflecting the upbeat market conditions in the emirate. Wednesday’s property deals included 461 sales transactions worth...

IN JUST ONE LAST WEEK, THE COST OF HOUSING SOLD IN DUBAI REACHED AED 10.4 BILLION

According to data published by the Dubai Land Department (DLD), a total of 3,050 real estate transactions worth AED 10.4 billion ($2.83 billion) dirhams were made in Dubai in the week ending May 5. The DLD report showed that 189 land plots were sold for AED 1.19 billion ($320 million), 2239 apartments and villas — for AED 5.11 billion ($1.39 billion). The three largest transactions were the sale of...

NAKHEEL TO BUILD NEW RESIDENTIAL SKYSCRAPER ON PALM JUMEIRAH ISLAND IN DUBAI

A new residential tower will soon be built on the legendary man-made Palm Jumeirah island - and it promises to embody the latest exclusive luxury standards. Medium-sized three-bedroom apartments occupy almost 1000 square meters of total and living space, including a balcony. And if you like gorgeous views, then this is exactly the place from where you can see the most luxurious of them: panoramic views of...

WYNN WILL TRANSFORM THE ISLAND OF AL MARJAN IN THE EMIRATE OF RAS AL KHAIMAH

The giant of the hospitality industry Wynn Resorts has announced the name of its new multi-billion-dollar integrated resort, which will be built in Ras Al Khaimah on the island of Wynn Al Marjan. The company also presented the design concept of its first beach resort in the Emirate.   The US-registered developer and operator of luxury resorts is going to spend $3.9 billion on its first project...

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