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Out of 30 cities in the Savills World Cities Index, Dubai was ranked the third in terms of the highest rental rates in the first half of 2021, after Miami and Moscow Savills, a world’s leading real estate advisor, released a report on an average increase in rates and yields of luxury property rentals based on the results of the first half of 2021. Miami was on the top, followed by Moscow and Dubai. However, average rents across the 30 cities in the Savills World Cities Index recorded a 0.5% increase, following a 1.8% decline in 2020 due to global travel restrictions. Weighed by a substantial oversupply amid the unending construction of new properties in the Dubai market, rental rates had been gradually declining over the past 6 years. The sector was the hardest hit in 2020,...

The UAE is one of the most popular destinations among foreign investors. The country is considered to be the best place to compare risks with possible profits. This is well-known by private experts and companies, including independent researchers and analysts specializing in risk assessment. The security status of investments is based on many different criteria — you can read more about this issue in this article. Contents UAE's position among investors Low risk of real estate investments in the UAE Economic factors for favorable investment in the UAE We will help you choose and purchase real estate in the UAE UAE's position among investors The United Arab Emirates is one of the main countries in the Middle East that both private and legal entities have been investing in...

Rental rates in mid-priced and prime locations are growing due to limited supply and high demand from ultra-high net worth individuals (UHNWIs). Residents continue to seek bigger homes. While the villa sector saw the largest growth, luxury apartments were also in demand. In the near future, it is expected that rents will continue to increase in the areas below. Villas: Palm Jumeirah, Emirates Hills, The Springs, The Meadows, The Lakes and The Arabian Ranches. Luxury apartments: City Walk, Downtown Dubai, Dubai Marina and Palm Jumeirah. According to CORE real estate consultancy, the increase was uneven, ranging from 3% to 15% year-on-year. Meanwhile, property management experts at Asteco released a report for the second quarter of 2021, which showed that Greens, Business Bay and Dubai...

The second quarter of 2021 brought recovery in the market. However, growth was uneven. Some segments strengthened, others hit all-time highs, while a few ones recorded slight declines. Average apartments rental rates rose by 3% during the April to June period. Meanwhile, average villa rents jumped by 8%. On a yearly basis, apartments rents dipped by 3%, while those for villas advanced by 10%. There was an increased demand for more spacious properties. The greatest portion of interest came from people working from home and interested in a comfortable workspace.   Rents in Dubai’s popular areas, such as Dubai Marina and Jumeirah Beach Residence, increased slightly, while villa rates in The Arabian Ranches and Victory Heights saw a double-digit increase.   Analysts find...

Are you planning a family relocation to the United Arab Emirates? Investing in real estate in Dubai is a sound financial decision for one’s future. Read this article about the features of moving to Dubai with the whole family, choosing and buying real estate, as well as investing in Arab housing. The content of the article: Infinite perspectives of a small Emirate Features to look at whenpurchasing real estate Transactions Return on investment Legal protection of homeowners Stable demand for rental housing What do you need to move to Dubai with the whole family? Visa registration for family members Opening a bank account in Dubai Facts about Dubai every immigrant should know Buying property in Dubai Infinite perspectives of a small Emirate Moving to Dubai is...

Thanks to its successful fight against COVID-19, the city’s attractiveness has grown significantly since the beginning of the outbreak. By late June 2021, the emirate’s residents had a combined net worth of $544.5 billion, up by $39 billion from the same period last year. According to the New World Wealth report unveiled on August 25, total wealth in the city of Dubai amounted to $530 billion by the end of June 2021. In June 2020, it came in at $491 billion. The emirate’s remarkable success against the Covid-19 pandemic has been the major driving force of the growth. Dubai’s high net worth individuals (those with at least $30 million in investable assets) saw the fastest pace of wealth growth. They purchased various properties...

Moving to any country is fraught with many difficulties especially when it comes to the United Arab Emirates - a state with its own laws and culture. Before you apply for permanent residency in Dubai, it’s important to familiarize yourself not only with local customs and way of life but also with the specifics of the real estate market. The material in this article will reveal several important aspects regarding finding housing and living in Dubai. It will also make mention of the many attractive features to entice you to move to Dubai – the most progressive of all the Emirates. The content of the article: Features of Dubai for immigrants What does Dubai have to offer foreigners? Strong economy Comfortable financial environment Profitable investment in Dubai real...

Among the developers, Emaar Properties showed itself best of all, having sold 20.4% of all sold villas on the market. According to the analysis by ValuStrat consulting agency, the villa sector in Dubai has shown the best annual capital growth in the last 5 years. Real estate sales in Dubai have been on a growing trend since the end of last year, when quarantine restrictions related to COVID-19 began to gradually ease. However, in July there were completely fewer transactions than in the previous months of 2021, which was affected by the Eid al-Adha holiday that lasted for a week. The growth in demand is equally driven by both international and local buyers and investors. Residential real estate in the most popular areas of the city in July 2021 showed double-digit growth rates. Thus,...

Gradual recovery of the real estate market continued in Q2 2021, consolidating the Q1 trends. Villa prices in Dubai increased by 27% in the second quarter of 2021. Prices increased most actively in the Jumeirah Park area. They are followed by Springs (24%) and Dubai Hills Estate (19%). Emirate apartment prices have also shown significant growth quarter-to-quarter. Palm Jumeirah (13%) was the leader, followed by Business Bay (12%) and Jumeirah Lakes Towers (10%). The demand for housing with large areas remains high. Villas in Arabian Ranches (19%), Dubai Sports City (14%) and Dubai Hills Estate (13%) are in the lead in sales of housing of this size. By the end of the second quarter, it became possible to talk about the return of large demand for apartments. Apartment rental prices have...

Palm Jumeirah showed itself best, with prices per square meter growing year-on-year from $ 3,713.6 to $ 6,286.1 Off-plan real estate sales (note:real estate under construction) quadrupled in July 2021. Analysts point out that such indicators are evidence of an active recovery in the real estate market in the United Arab Emirates. Sales figures for July were provided by investment advisory company EFG Hermes. According to the agency, the total transactions amount in Dubai real estate, excluding those related to the transfer of land, doubled last month. The comparison was carried out year-on-year. For the indicated year, the growth in the total amount of money spent on real estate amounted to $ 2.9 billion. Residential real estate is the locomotive of this trend, office real estate...

The current record for a villa value was set in July when a property in Jumeirah Bay was sold to a European buyer. At the moment, Palm Jumeirah Island in Dubai is not only registering new price records, but also showing the best house sales figures over the past 5 years. Such data is provided by the consulting agency Knight Frank. Faisal Duranni, Head of Middle East Research at Knight Frank, notes: “The booming premium real estate sector across Dubai is best reflected in the Palm Jumeirah, where the average transaction price has performed the best in the past five years, reaching 6,151. $ 9 per square meter. Moreover, from January to June, 19 out of 34 houses worth about $ 10 million for sale in Dubai were sold in Palma”. “Villas remain a highly sought-after commodity...

During the first six months of 2021, compared to last year, the residential real estate sector in Dubai showed 74% growth in cumulative transaction volume and a 113% rise in cumulative value. Dubai property market experienced a V-shaped recovery growth in the first half of 2021. The lowest point of the chart is located in November 2020, when the sector sank the most. With the cumulative number of transactions growing by 74% and their cumulative value by 113%, the market is ready to consolidate the trend in the second half of this year. Saddiq Farid, CEO of the Middle East's largest investment platform SmartCrowd, points out that a unique combination of positive factors has led to growth. On the one hand, the government introduced new and attractive visa regimes and schemes to obtain...

46,038 transactions totaling $ 44.41 billion were made from early 2021 to late July. Direct investment in real estate in Dubai from January to July amounted to $ 20.41 billion. There have been a total of 46,038 sales transactions since January this year, worth $ 44.41 billion, according to July report by Dubai Lands Department (DLD). Thus, the number of transactions increased by 43% over the same period last year, and the total value of transactions showed an increase of 68% over the same period. According to DLD, 17,979 new investors had entered the market by July. This is 69% of the total number of investors registered in the Emirate from January to July 2021. The list of the five most popular areas in Dubai for villa sales in July were: Marsa Dubai, Palm Jumeirah, Business Bay,...

Any company that intends to use technology in construction process must register with local government. Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, has signed a decree regulating the use of 3D printing technologies in the construction sector. This is aligning policy continuation of this industry sector and promoting technology in general. Dubai Municipality, the governing body of the Emirate, will be tasked with overseeing and regulating the introduction of technology into the industry and compliance with established rules. This information was shared by Dubai Media Office on Wednesday, the 4th of August. The new legislation is part of the overall Dubai 3D Printing Strategy announced in 2016. The goal of the program is to bring the industry to a point...

Online Property Finder platform reported 4,384 real estate transactions totaling $ 3.04 billion in a month. Real estate sales have broken a 12-year record, fueled by a surge in demand in the secondary market. This is superimposed on the overall recovery growth of the Emirates economy since the beginning of 2021. Dubai has registered 4,384 deals worth about $ 3.04 billion, according to Property Finder. Among the main growth sources are the communes of villas and townhouses in the following districts: Dubai Hills Estate Arabian Ranches Palm Jumeirah Dubai Hills MBR-city (Mohammed bin Rashid City) Apartment sector has grown in the following areas: Dubai Marina Downtown Dubai The Palm Business Bay Jumeirah Village Circle The monthly figures are not just the highest in...