In a move aimed at deepening inter-emirate collaboration and streamlining investment pathways, the Dubai Land Department (DLD) and the Free Zones Authority of Ajman (FZA) have signed a Memorandum of Cooperation to facilitate freehold property ownership for companies operating within FZA. This strategic agreement simplifies the regulatory process, allowing registered businesses to more efficiently acquire […]
The Dubai real estate market has again shown its resilience and dynamism, closing 2024 with record-breaking sales and a surge in demand across all segments. According to data from Bayut, the sector recorded AED488 billion ($133 billion) in transactions by December 10, 2024, reflecting a significant boost in investor confidence and market activity. Unprecedented Growth […]
Recent interest rate cuts by the US Federal Reserve and the UAE Central Bank are expected to inject renewed momentum into the UAE property market, making mortgages more accessible and attractive to end-users. With the dirham pegged to the US dollar, the UAE Central Bank’s monetary policy closely follows that of the Federal Reserve, ensuring […]
Dubai has commenced the ambitious construction of a $35 billion airport terminal, poised to become the world’s largest upon completion, announced the emirate’s ruler. Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and vice president, prime minister, and minister of defense of the United Arab Emirates, revealed on Sunday the groundbreaking plans for […]
In a groundbreaking collaboration, Six Senses and Dubai’s esteemed real estate developer Select Group proudly have unveiled: Six Senses Residences Dubai Marina. This iconic project is set to redefine luxury living standards, elevating holistic well-being to new heights within the city’s skyline. Standing tall at an awe-inspiring 517 meters across 122 stories, Six Senses Residences […]
Dubai is the world’s most profitable location for Airbnb property owners. Dubai’s real estate landscape is experiencing a seismic shift with Airbnb properties emerging as lucrative investment avenues. Over the past three years, the emirate has witnessed a doubling of Airbnb listings, indicating a burgeoning trend gaining traction among property owners. There are nearly 25,000 […]
Dubai Land Department (DLD), through its Real Estate Regulatory Agency (RERA), has forged strategic partnerships with Property Finder, Bayut Web Publishing, and Dubizzle to elevate local talent and promote awareness within Dubai’s real estate sector. These collaborations are aimed at fostering an exceptional training environment to enhance service efficiency, elevate customer satisfaction, and drive advancements […]
Dubai is again earmarked for significant growth in prime residential property values in 2024, solidifying its position at the top of the luxury housing market. According to the latest Prime Global Cities Index by Savills, a renowned global real estate firm, Dubai, together with Sydney, is projected to outshine other global cities with value increases […]
Dubai’s Real Estate Regulatory Authority (RERA) has initiated a sweeping overhaul to tackle deceptive online property advertisements, marking a pivotal moment in the city’s real estate arena. Under the latest directives, RERA aims to slash property sales ads by up to 40 percent across various real estate platforms. This crackdown targets the rampant misuse of […]
People moving to or visiting Dubai have even more reasons to be upbeat following the release of data covering the emirate’s baggage and customs processing last year. In 2023, Dubai Customs handled a staggering 46,870,957 bags from 206,396 flights, equating to an average of 128,400 bags daily—a testament to its unwavering commitment to ensuring traveller […]
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