Lots of investors have cottoned on to how high returns can be from makeovers Fixer-upper is the name of the game when it comes to generating solid returns from older properties. In Dubai, many …
Dubai real estate sector sees $3.6bn of transactions this week, including huge $35m Palm Jumeirah property
Dubai real estate and property transactions were valued at AED13.1bn ($3.6bn) this week, according to Dubai Land Department data. In total, during the week ending January 19, there were 3,697 …
UAE Property: ‘Can I be charged a 5% fee for lease renewal?’
Question: I have been renting a villa for 15 years. I always pay the rent with an annual increase or decrease according to the market value and in mutual agreement with the management office. I also …
Why UAE landlords are moving to lucrative short-term rentals
A conversation and a bit of maths is all it took for Jorge Felippe to realise why short-term rentals can be more profitable for Dubai landlords than annual lease contracts.“In 2021, a friend of a …
Introducing the wealthiest family globally: Owners of a Rs 4078 crore presidential palace, 8 private jets, and numerous lavish properties worldwide
The Al Nahyan’s wealth is showcased in their luxurious properties, featuring a presidential palace that dwarfs The Pentagon in size.
UAE: Sharjah property demand grows after expats allowed to buy in freehold areas
Lamia Al Jewaied, head of studies and research bureau at Sharjah Real Estate Registration Department, said multiple factors have driven the growth, especially the introduction of the law in late 2022 …
Property prices could rise 5-10%, says Dubai-based luxury real estate developer
Hussain Sajwani, chairman of DAMAC Properties, discusses the 2024 outlook for Dubai’s property market and says demand is coming from India, China and Europe.
Sale of $25mn-plus homes doubles in Dubai, cements its ‘ultra-luxury’ status
The sale of top-tier luxury homes – $25 million (DHS92 million) and above – doubled to 56 the past year in Dubai, due to scarce availability as compared to 2022, reported Khaleej Times on Tuesday.
UAE Expats Move Houses, Take Up Second Job To Save And Buy Property
From engaging in part-time employment alongside their primary jobs to relocating to more remote regions, residents in the UAE are going to great len …
Dubai real estate: Emirate doubles as global hub for luxury property over $10mn
According to the analysis, Dubai outpaced other global cities in the first nine months of last year for luxury home sales …
Dubai: Dh92 million-plus uber-luxury home sales double in 2023
Developers are still scrambling to respond to emirate’s meteoric rise as one of, if not the most, sought-after luxury-second home markets in the world’ …
RAK Properties targets $816 million in sales for 2024 amid higher demand
RAK Properties aims to achieve more than Dh3 billion ($816 million) in property sales this year, up 50 per cent compared to 2023, amid the launch of new projects and higher demand from buyers, …
Abu Dhabi real estate: $517m of transactions in year so far as sector thrives
distributed among 115 ready properties and 18 off-plan. The platform highlighted the largest transactions for Abu Dhabi city by value in the past week. Al Saadiyat Island topped the list with a value …
Abu Dhabi real estate maintains momentum in early 2024
The value of real estate mortgages in the emirate reached about AED 1.5 billion through the registration of 215 mortgage deals …
Abu Dhabi real estate maintains momentum as transactions hit AED1.9 billion in early 2024
Real estate transactions in the Emirate of Abu Dhabi amounted to approximately AED 1.9 billion in the first two weeks of 2024, comprising 348 transactions of sales and mortgages on various types of …
Dubai real estate: Best property type, areas to invest and avoid in 2024, experts reveal
Experts predict steady luxury home sales, rising off-plan interest, and a focus on sustainability in Dubai property in 2024, while rental hotspots change and longer leases offer stability against pric …
Dubai: Sales of over $1.3mln and $2.7mln properties reach record level
Prime and super-prime areas are defined as Downtown Dubai, Emirates Hills, Jumeirah Bay Island, Palm Jumeirah and District One. Prime properties refer to properties sold in these areas for more than …