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The new buildings will emerge in Sobha Hartland II Villas , a community that has already earned the reputation of one of the most prestigious and luxurious in Dubai. 122 high-end houses will be divided into 3 clusters that consist of 11 mansions, 16 six-bedroom villas, and 95 five-bedroom villas. Besides the striking contemporary design, these residences will be provided with numerous amenities, such as terraces, private swimming pools, and recreation areas. These properties target primarily families with children, so the developer focused on the project's eco-friendliness. All villas open onto a green park and provide exclusive access to the beach and the lagoon, where all facilities for playing water sports are available. Those who are tired of Arabian sands will particularly enjoy...

The huge volume of new construction cannot satisfy the consumer demand in the Dubai real estate market. Every new property, especially those from well-respected developers, meets a roaring demand among investors and buyers looking for a cosy home. The new residential project, Palace Residences - North by the famous Emaar Properties, is no exception. The 33-storey residential tower will be built on Creek Island, a part of the upscale district of Dubai Creek Harbour. Future owners can choose 1 to 3-bedroom apartments or 3-bedroom townhouses. Once the construction is completed in the last quarter of 2026, residents of this contemporary skyscraper will be able to admire the staggering views of the park, the beach, and Dubai’s central districts. All residences will be elegantly finished...

High-end homes in the residential complex of Senses at The Fields will be move-in-ready in the second quarter of 2023. The long-awaited project by G&Co Properties that started attracting buyers back at the early stages of construction will be commissioned in a few months. The new project is located in District 11, a neighbourhood within the larger district of MBR City. Senses at The Fields consists of 2-storey 3 and 4-bedroom townhouses with a separate maid's room. According to the developer, this complex is perfect for buyers who prefer luxurious living amidst various amenities, while having quick access to Dubai’s key districts. The project has already gained the investors’ attention due to a number of material advantages, such as: A landscaped garden, a park, and a...

Naseeb Group announced the start of sales of prestigious apartments in North 43, a new residential project in Jumeirah Village Circle (JVC). The 20-storey tower contains fully furnished serviced residences with on-premises resort amenities. The hotel services will be provided by Valor Hospitality, one of the largest hotel operators. Real estate in North 43 You can already buy exclusive residences in North 43 that will become the epitome of comfort and style once the construction is completed in the first quarter of 2024. There will be a total of 228 residences, including studios and 1 to 3-bedroom apartments with signature German kitchens and Italian furniture. Advantageous location North 43 will be situated in Jumeirah Village Circle, one of Dubai's most famous and convenient...

On January 26, 2023, the company has begun the construction process. This will be a one-of-a-kind facility, according to Niall McLaughlin, Senior Vice President-DAMAC Properties. "The residences will allow residents and guests to have a good time, unwind, and recover with an innovative layout custom-designed with Cavalli." Remember that the Damac Bay by Cavalli housing estate will be built with three 42-story towers connected by a podium at the base and a designer bridge on the upper floors. The coastal residential complex has dwellings ranging from one-bedroom apartments to five-bedroom duplexes. The Persian Gulf will be visible from every facility. Locals will appreciate the following exclusive amenities and entertainment options: Snow-white private beach; Restaurants and bars,...

A well-known developer is constructing a new residential complex, Keturah Reserve. The AED 3 billion ($816.8 million) complex's development has begun at the end of 2022. Modern townhouses, detached villas, and apartments with 1-4 bedrooms will be situated in this residential complex. The residences will include eco-friendly finishes and furnishings. You can pay for the property in instalments; the initial payment is just 15% of the full price. Mag Group set out to create an innovative complex for luxury real estate buyers in Dubai. Furthermore, new technologies will promote harmony with nature. For example, the local architecture will be expertly combined with stones and thousand-year-old trees. The developer plans to provide residents with a variety of world-class amenities, including...

Nshama Properties has recently announced the start of property sales in its new project, The Diplomat Residences. This residential complex consisting of a group of minimalist houses will be built in the picturesque neighbourhood of Town Square with large park areas and well-designed facilities within walking distance. The project handover is scheduled for the fourth quarter of 2024. Once the construction is completed, residents will be able to enjoy contemporary amenities blending seamlessly with cultural traditions and groundbreaking design. Real estate in The Diplomat Residences Studios and 1 to 3-bedroom apartments with floor areas of 58 m² to 136 m² are already available in The Diplomat Residences. All homes will be commissioned fully furnished, stylishly renovated, and...

Khamas Group and Marriott International hotel network have announced the launch of a brand-new project. The collection of luxury real estate in The Ritz-Carlton Residences Business Bay will include 66 one- to three-bedroom apartments and penthouses, as well as a four-bedroom duplex. Residents can enjoy a spa, cafe, gym, and an exclusive indoor theatre at the ultra-luxurious complex. Locals will be able to request a variety of services at the level of afive-star hotel. The Business Bay area, where the new housing estate will be constructed, is known for its world-class infrastructure facilities. The elite complex is expected to be completed by the end of 2025. Remember that Khamas Group works hand in hand with hotel networks in order to develop high-end properties for permanent and...

ALTA Real Estate Development recently announced AIRE Residences, its newest high-rise tower. The project, which is situated at the heart of downtown Dubai, has been developed by Miami-based Arquitectonica, with interiors designed by Australian studio, McKimm. Among the numerous project amenities are the following: Huge hotel-style swimming pool; Ultra-modern gym; Yoga and pilates rooms; Indoor spa center; Steam rooms; Saunas; Golf simulator. On the 57th floor, there is also an indoor zone with treadmills and green meditation spaces. The project includes a variety of single-level residences with two, three, and four bedrooms, as well as duplexes, triplexes, and full-storyfloor penthouses. "We incorporate a variety of amenities, spacious layouts,...

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% in value compared to the third quarter of 2021. In September 2022, 4,210 transactions worth 14.66 billion dirhams were made in the secondary segment and 4,439 off-plan transactions worth 9.75 billion dirhams - a monthly maximum — as the dynamics recorded during the year in the Dubai market continued. In September 2022, secondary real estate recorded an increase of more than 30% in physical terms and more than 32% in value terms...

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 communicate with the authorities and advise investors on the procedures of the Golden Visa program. Last week, the UAE confirmed that the new rules for long-term visas – 5- and 10-year-olds - will come into force on October 3, 2022. Developers expected such a decision, believing that it would immediately benefit off-plan real estate. The most anticipated program was the 10-year Golden Visa program for property owners with such assets in...

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 occur in the segment of real estate with an average income of 700,000 to 1.2 million dirhams, because developers do not want to lose buyers. Developers are already waiving commissions for new buyers for various services, and if banks provide their own benefits, such as processing and evaluation fees, this will really lead to significant savings for the new buyer. When it comes to fixed-rate terms on new loans, they should remember that they have...

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 markets in the world, Dubai is in the penultimate place in the risk rating. The Emirate is second only to Warsaw, and the closest competitors are Sao Paulo and Milan. The observed trends indicate that the «boom» in the global real estate market, which began in 2021, is coming to an end. A new UBS study is timed to this, which determines which of the world markets have approached the current moment with the greatest number of risks...

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 has increased in general throughout the emirate, both leaders and laggards have stood out in the trend. Since the first quarter of 2022, the average rental rates for apartments have increased by 4%, and villas — by 6%. The leaders were the elite areas of Palm Jumeirah, Dubai Marina and Dubai Hills. They are followed by a number of suburban areas that have been gaining popularity among tenants in the last six months. Largely due to the...

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 regulators of the Emirate, Dubai Land Department (DLD) and RERA, to constantly adapt to changing conditions, to regularly review the existing market situation. This revision was the new reforms in the field of sale and purchase of real estate, which came into force in October 2022. One of the most important changes was the restriction for sellers to place sale ads with only three real estate brokers. At the same time, brokers are now required to close...