Ramadan in 2015 came closest with 3,870 property sales transactions and since then the number of transactions for this festive period has averaged around 2,500 every year. Ramadan 2020, being in the …
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UAE removed from US intellectual property watchlist
The US has removed the United Arab Emirates from its intellectual property watchlist after the Gulf country took steps to combat the trade of counterfeit …
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Revealed: 10 most expensive properties sold in Dubai in 2021
Led by Palm Jumeirah, prime residential property in Dubai is attracting strong interests from investors during the first quarter (Q1) of 2021. According to an analysis by Luxhabitat Sotheby based on …
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Dubai shares gain most in Gulf as real estate rallies
Dubai: The Dubai Financial Market General Index rose as much as 1.3%, up for a fifth day in its longest winning streak since March. The sub-index tracking Dubai-based real estate shares climbed as …
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US removes UAE from US intellectual property protection watch list
UAE’s removal from the list is the culmination of constructive cooperation Abu Dhabi: The United Arab Emirates has welcomed the Office of the United States Trade Representative (USTR) decision to …
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Dubai law: Can I ask my landlord to repaint rented flat every year?
Question: I reside in a two-bedroom apartment in Dubai. As per prevailing laws, who is responsible for apartment maintenance in Dubai? For instance, can I ask my real estate company to repaint my …
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Dubai’s off-the-plan property market remains hot
Despite a depressed secondary real estate market in Dubai, off-the-plan properties continue to sell like hot cakes.
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Value of luxury Dubai property deals jumps by 25% in Q1
Luxhabitat Sotherby’s boss sees ‘massive shift of wealth’ that has triggered an exponential increase in real estate transactions …
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Now You Can Buy Property in Dubai with Dogecoin!
A Dubai developer announced on Wednesday it plans to begin accepting Dogecoin as a payment option for its latest project launch, despite recent turbulen …
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Corporate foreign ownership law amendment to boost UAE economy
The 100 percent foreign ownership law is expected to provide a massive boost for commercial space demand in Dubai and Abu Dhabi and business confidence, supporting post-Covid economic recovery …
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Office markets in Dubai, Abu Dhabi ‘remain tenant friendly’
The prime office markets in the UAE remained tenant favourable in the first quarter with the average rents across Dubai seen at just over AED200 per sq ft, thus hitting their lowest level since Q3 …
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Morgan Stanley Sees Dubai Property Rally Lasting for Years
The rally in Dubai’s residential property prices isn’t stopping anytime soon, according to Morgan Stanley. “Robust demand, peaking supply growth and long lead times for new projects could lead to a …
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Dubai property market to improve on higher-than-expected demand: Morgan Stanley
Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project launches since 2017.
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Residential demand drives Dubai property prices to rise for first time in six years
Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project …
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Dubai posted 4,804 property sales during Ramadan 2021
Dubai recorded 4,804 property sales worth Dhs9.99bn during Ramadan 2021, marking a 211 per cent increase in transactions from a year-earlier period and 57 per cent increase compared to Ramadan 2019.
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All historic Dubai Ramadan property sales records broken in 2021 with total transactions reaching AED 10bln
But in 2021 we saw the highest number of transactions historically in the month of Ramadan, 4,804 property sales worth AED 9.99 billion. Ramadan 2015 came closest with 3,870 property sales …
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Dubai gears up for new hotel openings, brand expansions
Several hospitality brands marked their participation at the Arabian Travel Market 2021 exhibition with the announcement of new hotel openings and brand expansions across various segments. Accor, on …
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