Some banks in the UAE are offering 10 per cent additional financing for off-plan properties where the
Dubai: How can buyer ensure that seller moves out on agreed date?
Question: I am planning to purchase a property in Dubai directly from the owner, who has promised to vacate the unit by the end of the year. If we agree on a move-out date, what happens if he decides …
Abu Dhabi’s ADQ buys stake in Patrick Drahi’s Sotheby’s
Abu Dhabi-based sovereign wealth fund ADQ is to take a stake in Sotheby’s as part of a $1bn capital injection alongside existing owner Patrick Drahi as the auction house seeks to cut debt and fund …
Emaar recorded impressive growth of 56% in group property sales in H1 2024 reaching AED 31.5 billion (US$ 8.6 billion)
Emaar’s property sales backlog reaches AED 90.1 billion (US$ 24.5 billion), set to further boost future revenue Net profit before tax grew by 33% to AED 7.8 billion (US$ 2.1 billion) in H1 2024 …
Dubai to Transform Expo City into UAE’s First 15-Minute City
The Expo City in Dubai will soon be transformed into UAE’s first-ever 15-minute city, according to the authorities. Read More: Popular Neighbourhood in Dubai Bans E-Scooters and E-Bikes The site will …
The Rise of Smart Homes in UAE Luxury Real Estate
The market in this segment has gone through a dynamic change especially in the last few years in Dubai. Technological advancement has significantly shifted the meaning of luxury and living and it’s …
Emaar Properties Reports Strong Profit Growth Amid Rising Sales
Dubai Emaar Properties and its development arm, Emaar Development, have announced significant gains in net profit for the first half of the year, buoyed by a robust increase in property sales. The …
Dubai’s Branded Residences: A key sector in luxury real estate
Since the introduction of Armani Residences in Burj Khalifa in 2010, Dubai has cemented its position as a global leader in the branded real estate sector. ..
Dubai’s Branded Residences: A key sector in luxury real estate
Since the introduction of Armani Residences in Burj Khalifa in 2010, Dubai has cemented its position as a global leader in the branded real estate sector. ..
Dubai’s Emaar Properties, Emaar Development see H1 net profit rise as property sales surge
Dubai-based Emaar Properties PJSC posted an H1 2024 net profit attributable to shareholders of 5.34 billion dirhams ($1.45 billion), up 8% compared year-on-year (YoY) on rising retail sales amid …
Dubai Real Estate Sets The Pace For Luxury Living And Tourism
Second, Dubai residents and investors can avoid ordinary real estate taxes on capital gains, rental revenue, property taxes, and income taxes. These various factors attract investors, tourists, and …
Dubai residential real estate sales hit $62bn in H1 as apartments and villas surge in popularity
The Dubai real estate sector saw 77,233 transactions in the residential property sales segment in the first half of this year, according to Engel & Völkers Middle East. The premium property experts …
Dubai sees new peak in property sales to reach $13.5bn in July: Report
The Dubai real estate sector set a new peak in property sales, reaching $13.5 billion (AED 49.6 billion) in July 2024, posting a jump of 31.63 percent over the same year-ago period, an industry report …
MERED expands to Abu Dhabi with prime waterfront property on Al Reem Island
The newly acquired plot spans 11,890 sq, located in the vibrant and well-connected Al Reem Island …
Palm Jumeirah vs Dubai Hills Estate: How much real estate can you buy with $1m?
Here is a comparison of the type of properties you can buy in Palm Jumeirah and Dubai Hills Estate for $1m, there are varying offerings depending upon several factors including amenities, developers, …
Asteco’s Q2 2024 report reveals sustained growth in the UAE real estate market
Landlords in Abu Dhabi’s prime residential areas, particularly in waterfront communities such as Al Raha Beach, Saadiyat, Yas, and Al Reem Islands, benefited from strong occupancy rates and high …
Abu Dhabi announces rental support package for Emirati newlyweds
Rental assistance, loan deductions and loan repayment extensions will be offered to Emirati married couples in Abu Dhabi as part of a wider drive to promote family stability. Announced by the Abu …