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The Emirate's real estate market is forecast to have a strong recovery growth in the second half of the year due to incentive payments, reforms of the visa system and high demand from end consumers and investors Analysts agree that the residential segment has already passed its lowest point and currently offers good opportunities for developers in the premium real estate sector. Villas and townhouses show the first growth over the past seven months. The apartments are expected to start an uptrend in the near future. According to the latest data, despite international restrictions due to COVID-19, more than 8,000 new investors entered the Dubai market in the first half of 2021. Such figures are explained by the gradual transition of Dubai from a tourist destination to a full-fledged and...

What is a "good investment"? This question alone could occupy a separate article. The answer depends on what kind of benefit the investor wants to get. If we are talking about short-term income, a good investment will be one that combines a high return of funds with a profit in a short time, although with high risks associated with the need to correctly choose the moment and object of the deposit. If a person is interested in finding a stable source of profit, even if in a small amount, then a "good investment" will be one that offers the least risks with a stable long-term return on funds. Dubai offers both options, but there are nuances. This article will give an overall picture of the investment climate in the emirate, which will help create an understandable image of the situation...

It reached $5.9 billion, the residential sector brought $2.9 billion of this amount At the moment, the emirate's market has shown an increase of 44% compared to 2020. According to DLD (The Dubai Land Department), out of $5.9 billion the residential real estate sector brought in $2.9 billion, mortgage registration brought $1.76 billion, and another $1.1 billion was received from direct subsidies to the sector. "The Dubai real estate sector continues to prove its attractiveness for investment and flexibility in adapting to the new situation thanks to the legislative environment and the infrastructure," DLD comments on these data. 6,021 transactions were made in May, of which 5,359 were purchase and sale transactions. 11,387 new investors entered the market, which accounted for 66% of the...

The United Arab Emirates was the only country of the Arab Cooperation Council that entered the top 30 countries with developed "green" real estate The United Arab Emirates turned out to be the leading Arab country with the largest number of environmentally friendly real estate objects. At the moment, 869 units of such objects have been built. The real estate appraisal agency Knight Frank indicates that the undisputed leader in the rating is the United States, which has more than 80,000 "green" objects on its territory. When comparing cities, the list is led by the capital of the United Kingdom, London, which has about 3,000 units of such real estate. This eco-trend began to take shape only in recent years. According to the second report (Y)OUR SPACE from Knight Frank, 400 companies...

"No objection certificate" is NOC, necessary for the sale of any real estate, it is now possible to get it by "one click" Until recently, the owner of a real estate in Dubai, before concluding a contract for the sale of property, was forced to submit a NOC in person to the office of the developer of the object. This practice was quite inconvenient, but against the background of restrictions on international communication due to the COVID-19 pandemic, it led to even more problems for investors. The Dubai Land Department (DLD) has been developing various Internet analogues of its services in recent years. One of these analogues was eNOC. eNOC is an electronic version of the classic NOC, which can be issued with a couple of clicks to anyone who installs the Dubai REST mobile application...

Today it becomes obvious that 2020 was a turning point for the entire world economy, and not for the better. All sectors of the global market and all countries participating in it have suffered. Dubai is a city that lives on trade, transport, construction and tourism. The COVID-19 pandemic and subsequent international restrictions on movement between countries have hit the emirate hard. A particularly significant blow fell on the tourism sector, which declined by more than 3 times, receiving only 5 million tourists in 2020. For comparison, the stable annual influx of tourists in the pre-pandemic years was 17 million people. The demand for renting and buying real estate, residential in general and elite in particular, has significantly decreased. However, by the end of 2021, it can be...

But there is a nuance How much can you or your landlord raise or lower the price of renting real estate? Against the background of the recovery growth of the real estate sector and the UAE economy, investing in this country becomes an extremely attractive enterprise. However, before thinking about signing a lease or renting out in the United Arab Emirates, you should know that this process is quite strictly regulated by the state. This or that price can be assigned, rise and fall, based on several key parameters of the property under consideration. The same criteria determine the limit of price growth and how often it can rise. Here is a small historical summary. During the period of rapid price growth in the market, in 2013, to prevent a possible overestimation of supply, the...

Non-Muslim investors will be given access to the registration of the last will, the appointment of guardians for children and property transfer to heirs The first English court of common law in the United Arab Emirates has entered into an agreement with Emaar Properties to help promote the practice of providing services for drawing up the last will of an expatriate (a foreigner who permanently resides not in his native country) among other large companies in the UAE. Back in 2015, the court of the Dubai International Financial Center (DIFC) began to provide non-Muslim investors with the opportunity to legally formalize the last will of the owner both in the issue of inheritance transfer and in the issue of appointing guardians and trustees for their children. The current agreement...

But the sector is still quite sluggish and slow According to the latest data, the amount of real estate transactions has reached $ 3 billion. According to the Property Finder portal, everything points to the recovery of the market after the lockdown due to COVID-19. 4429 closed transactions last month are the largest result since March 2017. In percentage terms, the figure is even more impressive – an increase of 324% from last year. The main indicator of the sector's recovery was the average cost of transferring funds per transaction: 16.77% in the case of villas/townhouses and 17.1% in the case of apartments, this category accounted for 77% of all real estate sold. Property Finder also indicates that with such a significant growth month-to-month, it is possible to talk about...

The money will be used to develop new features and increase the capacity of the platform in order to expand its presence in the market Stake is a crowdfunding platform for real estate investments that provides access to this opportunity to any users who are able to spend $ 545 on an investment. Launched in DIFC FinTech Hive (part of the Dubai Special Economic Zone, engaged in the development of technologies for the financial sector) in December 2020, at the moment the company has attracted $ 4 million of investment in the initial round of securities placement. The participants-investors were members of a consortium of investors led by Combined Growth Real Estate. The latter was created in the United States by Amer Hammur, chairman of the American real estate investment company Madison...

According to Knight Frank, only Dubai and Buenos Aires show a steady decline in prices out of the 25 best cities for real estate investment, breaking out of the global trend The publication Al Jazeera writes that the steady oversupply of real estate under construction, which has persisted for the past five years, continues to restrain prices for luxury real estate at a relatively low level. Having survived the turbulence of 2020 and having recovered from the pandemic, developers are already going to build about 62,000 new objects this year, and about 63,500 objects in 2022, according to information provided by the consulting company Knight Frank. The last time higher rates of construction were established only in 2009. Faisal Durrani, head of Middle East research at Knight Frank,...

Hussain Sajwani, the Emirati billionaire associated with the Trump brand, is ready to buy back up to 100% of the company's shares for $595 million On Wednesday, June 9, Hussain Sajwani, the founder, chairman and member of the Board of Directors of DAMAC, as well as the owner of the Maple Invest investment fund, announced his intentions to buy back the remaining publicly owned shares of DAMAC PJSC. Currently, Maple owns 88.1% of DAMAC shares. At the first stage, Sajwani intends to take over more than 90% of the shares and gradually increase the ownership to 100%. The notice filed by DAMAC to the Dubai Financial Market says that Sajwani personally owns about 72% of the company's shares through various investment companies, and his offer to buy out minority shareholders is estimated at $595...