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Sales of secondary and off-plan real estate in Dubai reached a 12-year high in the third quarter, both in volume and value. In the third quarter of 2022, a total of 25,456 purchase and sale transactions worth 69.72 billion dirhams (18.98 billion US dollars) were registered, which means an increase of approximately 62% in volume and more than 65%...

Buyers of off-plan real estate in Dubai can now apply for a Golden UAE Visa if their investments amount to more than 2 million dirhams. Selected developers and real estate agents can recommend to immigration authorities that these buyers comply with investment recommendations and be granted 10-year resident status. Developers form internal teams...

To attract buyers, developers in Dubai use a term they haven't used for a long time: discount. After the US Federal Reserve rate hike, mortgage rates in the UAE increased by another 0.75 percent. Some developers are trying to assuage end users' concerns about their mortgage costs by offering direct discounts. These «discounts» mainly...

The international investment Bank UBS has conducted a new study of the global residential real estate market for the formation of price bubbles or the manifestation of symptoms of the formation of such. «Bubble Formation Index in the global real estate market» compiled by the organization demonstrated that of the 25 largest real estate...

In the last couple of years, residential real estate rental rates in Dubai have been growing at an extremely active pace. The growth was especially pronounced in the last 6 months, when a huge number of foreign tourists, expats and investors, including from Russia and Ukraine, began to stay in the emirate. Although the high cost of renting housing...

The Dubai real estate market is famous for its concern for the transparency of real estate regulations and the introduction of laws that ensure high security of doing business in the sector with a low threshold for entering it. Nevertheless, the development of the legislative framework is a constant process. This process requires the key...

The end of 2021 and the beginning of 2022 for Dubai were marked by a resounding opening and subsequent successes of Expo-2020. About 8 years were spent on organizing the event, and even being in danger of disruption due to COVID-19, it was not canceled. However, due to the circumstances, it had to be postponed for a year ahead. The predictable...

Dubai's real estate market is increasingly predicted to slow down and stabilize growth rates, but this does not apply to the premium segment. Luxury real estate, especially residential, continues to beat the record figures of the past years, driven by both an endless stream of wealthy foreign buyers and a shortage of such goods on the market. In...

The construction of Palm Jebel Ali archipelago began in 2002 as part of the larger Palm Islands project, which also includes the Palm Jumeirah and The Deira Islands archipelagos. However, if Palm Jumeirah was successful and managed to open before the onset of the global economic crisis in 2008, the other two were less successful. Specifically,...

A review of the growth dynamics of the Dubai real estate market, conducted by a number of analysts during September 2022, showed that in the first 9 months of this year, more than 67,000 real estate transactions were recorded in the emirate. Together, they brought in about $49 billion. According to the Dubai Land Department (DLD), the results of...

The Dubai Land Department (DLD) and its Chamber of Commerce and Industry signed a memorandum of understanding (MoU) according to which both organizations will direct special efforts to develop transparency in the emirate's real estate rental segment, as well as ensuring a healthy investment environment capable of attracting a stable influx of...

The impressive recovery of the real estate market of the United Arab Emirates, which began in the spring of 2021, maintained stability without any problems in the first half of 2022, even despite all the existing economic and geopolitical problems. However, soon the current state of this national market may be disrupted, and the growth rate will...

Continuing to grow in August, prices for residential real estate in Dubai in August are getting closer to historical highs. The average price for the purchase of apartments in annual terms increased by 7.7%, and the average price for the purchase of a villa — 15.8%. Monthly growth was 0.5% and 0.3% for the respective categories in the period...

Since the beginning of 2022, Dubai has begun to record a pronounced increase in the business activity index. The old business began to return to the country and a new one began to open. Particular growth was shown by companies operating in the field of e-commerce, logistics and some agricultural segments. E-commerce began its triumphant march...

The number of daily cases of coronavirus in the United Arab Emirates peaked at the beginning of 2021, stopping at around 4,000 cases. In the future, a downward trend began to develop, reaching double-digit values by the end of November. In January 2022, a new peak was recorded (3,000 people), but today daily cases do not exceed 400 cases. An...