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Dubai classically benefits from investor interest, but the real star is Abu Dhabi. Although it is possible to obtain long-term visas when purchasing real estate, the UAE policy of issuing such visas, depending on the type of occupation, is a real incentive for Indian investors. It is on this principle that professionals and top management from the banking and financial sectors of India become residents of the Emirates, which entails an interest in acquiring local real estate. Expensive, luxury real estate. Abu Dhabi, the capital of the United Arab Emirates, has become particularly popular with wealthy buyers. However, Indian buyers are interested in real estate as their "second house". Migration is out of the question. The professions listed for 5-year and 10-year visas are not...

However, property prices are still a quarter below the previous peak. The local market recovery is now in its 11th month. The previous price peak was in 2014, and 2021 is only a quarter of the former record. In the first days of Expo 2020, the positive effect of the exhibition on the real estate sector of the emirate became obvious, which met the high expectations of both the government of Dubai and the UAE, as well as analysts. The senior executive director of Property Monitor, Zhann Jochinke, points out that at the moment there is about 19% growth left to record. In September, prices have already increased by 1.2%, the cost of one square meter has become $2,837. Recovery after COVID-19 is also noticeable — 100 cases per day. However, prices have been increasing for several...

The market grew by 68% by 2020 and by 71% by 2019. Since the first quarter of 2021, the mortgage sector has been growing exponentially. The first three quarters significantly exceeded the figures for the whole of 2020, according to the data from Mortgage Finder’s independent mortgage consulting (Property Finder Division). Moreover, 83% of mortgage transactions were made by first-time buyers in the UAE market. These are new consumers and investors. In addition to low mortgage interest rates, deposits were also reduced by 5% by 2021. For citizens of the United Arab Emirates, the deposit is now 15% of the loan, and for non-citizens — 20%. It has also contributed to the positive growth of this segment. The effect of a democratic credit policy is visible in the example of...

If you think about the metro like rail transport in general, it can be called one of the defining features of modern civilization. Great Britain would not have become an empire, if not for the trains, which became an icon of the era. It is difficult to imagine modern Moscow or New York without their extensive metro and subway systems. China would not have become a world factory without modern rail transport, thanks to which you can cross half of the country within hours. The importance of the metro for any successful modern city was also understood by Dubai authorities, therefore not long after the intensive development of the city began in the early 00s, they made broad plans to create a modern metro system. As a result, it strongly influenced the pace of life of the city and the...

New buildings showed a V-shaped recovery, says the consulting agency CORE. The sharp recovery is due to increased investor confidence in the Dubai market. The trend is expected to continue in the coming months. The influx of visitors to Dubai stimulates the sector growth due to Expo 2020 and many new projects this year. According to the information provided by the Property Finder portal, the total value of real estate transactions in the new construction sector increased by 47.11% in the 3rd quarter of 2021. The comparison was completed by the second quarter of 2021. The segment of finished real estate (secondary market) has increased only 4.24% in the value of transactions. Growth in the primary market was 14.67% and in the secondary one — 6.02%. Several new projects have...

A study conducted by the Swiss International Bank UBS shows that all the 25 largest real estate markets showed an average increase in the risk of creating a price bubble. All except Dubai. The emirate market is undervalued and has the lowest risks of a price bubble. The UBS General Investment Office provided such data. Overall, property prices continue to fall, making the purchase of real estate affordable. Low mortgage interest rates, high oil prices, and a general recovery contribute to this situation. Despite the record expansion of the real estate market, the total number of new projects this year has also declined, which has had a positive impact on the chronic oversupply of housing in Dubai. The average risks of price bubbles are growing in all major real estate markets and...

The Swiss bank UBS points out that Dubai is the only real estate market in a lower category than last year, according to the Global Real Estate Bubble Index 2021. The report indicates that high oil prices, a simplified mortgage process, housing affordability, and the general economic recovery make the real estate sector grow. Before the pandemic, low oil prices and oversupply in the real estate sector led to a prolonged market decline. The coronavirus restrictions in 2020 worsened the situation: the economic activity declined, many people lost their jobs and left the UAE, leading to a further imbalance in demand and supply. These factors have led to a general drop in prices and rents of residential and commercial properties. However, many companies, tourists, expats, and foreign...

Cumulative sales reached $ 4.07 billion, off-plan real estate is showing record highs of deals, and the capital value of a third of the apartment segment has declined over the past month. Data is provided by ValuStrat and Property Finder. The capital value of villas in Dubai continues to increase in line with strong demand. ValuStrat reports double-digit numbers. For example, the capital value of villas has increased by 22%in the Arabian Ranches area. The average increase in capital value for both villas and apartments in August increased by 6.3% compared to July, and by 1.5% compared to August 2020. Currently, the capital value of residential real estate in Dubai is estimated at an average of $ 435,000 per property or $ 9,354 per square meter. In addition to Arabian Ranches, the...

SmartCrowd, an investment crowdfunding platform regulated by the government agency DFSA at DIFC, has lowered the minimum investment amount from $ 545 to $ 136. SmartCrowd is a crowdfunding investment platform that works on the principle of collecting investments from its members, investing the collected funds in specific projects and proportionally distributing income among investors. The platform is available for UAE citizens, expats, business investors and tourists. It was formed in 2017 and became a fully legal project under the leadership of DFSA in 2019. At the moment, the project has distributed about $ 354,000 among its participants. This is a young project and the decrease in the rate from 545 to 136 dollars for deposits is a step towards the website popularization. The...

This is the best monthly indicator since January 2017. Dubai real estate market registered 5,780 real estate sales transactions totaling $ 4.07 billion in a month. Thus, since the beginning of 2021, there have been totally 37,537 transactions in the emirate with a total amount of $ 23.9 billion, according to the Property Finder portal. In terms of transaction volume, we can see an increase of 22.61% from $ 19.5 billion in 2020. 55% of the transactions made to date were concluded in secondary real estate market. Naturally, 45% fell on the off-plan real estate market (note:objects under design, construction or new construction). Linnett Sacchetto, Director of Research and Data at Property Finder, says: “These numbers are a strong testament to the strength of Dubai market,...

By virtue of restoration of international travel and the UAE’s effective action against the Covid-19, the emirate witnessed substantial growth in capital values for luxury homes According to global real estate advisor Savills, Dubai’s prime residential properties market saw a 4.2% increase in capital value growth in the first half of 2021. Across the rest major 29 cities in the Savills World Cities Index, capital values advanced by 3.9%, marking the fastest pace of growth rate since December 2016. Along with Cape Town, Moscow and Lisbon, Dubai was among the best destinations for remote workers. This resulted in growing demand for bigger homes.   “The return of international travel is likely to provide an increased supply of buyers for prime...

Since September 2019, the UAE has amended its legislation regarding the activities of companies whose functions include the management of jointly owned properties. It concerns developers and hotel operators and regulates the management of a wide range of properties. Contents Who is affected by the amendments? Changes in the legal framework Important aspects of the new law Innovative solutions to management and ownership New opportunities with jointly owned property How it works Expectations Help in home hunting and purchase in the UAE Who is affected by the amendments? The amendments affect large construction projects (Master projects) which are present in most communities in Dubai and Abu Dhabi and traditionally in demand as investment properties. These are not...

The UAE real estate market enjoys increased demand. However, the ownership of property in the United Arab Emirates implies not only buying costs but also some other expenses like home insurance against various risks, to name a few. Contents: General features of UAE insurance Who is responsible for insurance? Regulation How to choose the right insurance company? Factors to consider when choosing an insurance plan What events does insurance cover? Why is it worth insuring your property? How much does insurance cost? Help in choosing and purchasing real estate in the UAE General features of UAE insurance The UAE insurance scheme is similar to insurance coverage in other countries and involves two major components: Insurance of a property that covers damage to external...

Prices for residential properties are projected to rise by 3% and 2.5% in 2021 and 2022, respectively. Previous estimates suggested a 1.1% and 2.8% rise According to Reuters survey, property prices are likely to remain within affordable limits. However, they are forecast to continue rising steadily over the next few years. Figures from Dubai Land Department also confirm the continuing increase in property sales in the emirate. The changing trend is mostly attributed to the successful nationwide vaccination program launched in the UAE in early 2021. In a Reuters poll conducted on August 11-19, 11 analysts upgraded their growth forecast for property prices to 3% and 2.5% in 2021 and 2022, respectively. This is up from the estimates released three months ago that showed...

What type of real estate to purchase in the UAE after selling a property in Spain Recently, foreign nationals have increasingly sold property in their homeland and moved to the United Arab Emirates – according to a report by Global Realty Partners, 20% of buyers of all types of Arab properties, including commercial, are CIS citizens and Europeans. Prices should be carefully considered before selling property. In this article, we compare what housing can be bought in the UAE compared to housing in other countries at the same price. Contents Price criteria Which city in the UAE should one consider moving to: EUR 46,432 – EUR 69,648 EUR 104,472 – EUR 150,904 EUR 174,120 – EUR 290,200 What to do if you’ve got an unlimited budget Our assistance...