News

UAE Golden Visa rule changes,  Visa rules will open doors for Dubai real estate investors property experts in the country have said. Earlier this year it was announced that, in a bid to foster greater investor participation in the real estate sector and deepen ties with residents, the UAE government is scrapping the AED1m ($272,000) minimum down payment requirement for Golden Visa...

Dubai’s real estate market has seen steady growth over the past year, driven by the increase in expatriate population, policies such as the recent change to the rules for real estate investors to qualify for the Golden VisaThe residential sector in Dubai’s property market had its best year on record in 2023, with transaction activity posting a 29 percent annual growth to an all-time high of 118,200...

Listings of same property at varying prices drop - and there will be more There were times in the past when the same residential property in Dubai would have multiple listings and prices. All that this did was end up distorting the property market for buyers and sellers alike. Now, that won't happen. Dubai: The number of Dubai residential property listings on online real estate platforms is starting to...

Dubai’s real estate market saw record-high rents and strong growth in Q4 2023, with villa rents reaching a decade-high average and apartments continuing an upward trend The villa rental market in Dubai is expected to remain relatively stable during the first quarter of 2024, with rental rates remaining unchanged, according to Haider Tuaima, Director and Head of Real Estate Research at...

Real estate in the UAE, especially Dubai, has been on a boom for over a year.Many expats have decided to make Dubai home for the long-term giving them the confidence to invest in a family home which they can make their own.With interest rate changes, new trends in the housing market, and musings on whether rents will continue to rise, here are six trends to watch for in the UAE real estate market for...

The Dubai real estate sector has seen rental prices soar and experts forecast they could climb further in 2024Dubai real estate rents could jump by up to 20 per cent this year as investors seek long and short-term returns, according to forecasts from property experts at Colife.In the first half of 2023, rental prices surged by nearly 23 per cent annually.By year’s end, projections hint at an...

Dubai’s commercial real estate market saw dynamic activity in 2023 that outpaced projections, with particularly strong demand witnessed in the office sector. According to the latest data from the Dubai Land Department, the volume of office space transactions increased 34 percent compared to 2022, while the total value of these deals rose an impressive 48 percent. UAE Golden Visa: Dubai real estate...

The UAE has removed the AED1 million ($272,294) minimum downpayment requirement to qualify for a golden visa through real estate investment, industry sources have told AGBI. Investors must acquire property valued at AED2 million or above to be eligible for the 10-year renewable residency scheme, introduced in 2019. Previously, for properties bought on mortgage or installment plans, a minimum of...

Dubai Land Department updates names of 28 neighbourhoods and regions in the city The Dubai Land Department has changed the names of some of the city’s best-known neighbourhoods, according to local media reports. Districts such as Sheikh Zayed Road, Jebel Ali Village and Emirates Hills First have been given new identities. A post on the Dubai Land Department website shows updated names of...

Iconic building Franck Muller Aeternitas by London Gate to be unveiled on January 9 In a groundbreaking collaboration that transcends boundaries, London Gate, the UAE's premium real estate developer, and Franck Muller, the Swiss luxury watch manufacturer, have announced their latest project, Franck Muller Aeternitas by London Gate. The iconic building is all set to make its mark as the tallest branded...