The emirate’s phenomenal growth is luring a horde of extravagantly rich customers. In March, Indian billionaire Mukesh Ambani sold an $80 million house in Dubai for his youngest son, setting a new record for the city’s real estate market. A few weeks later, a different customer paid 302.5% ($82.4%) million for an eight-bedroom, 18-bathroom property […]
Tag Archives: UAE
Russians are Dubai’s leading property buyers, followed by Indians in third place
Tags: DubaiReal EstateUAE
Russian buyers are now the top purchasers of real estate in Dubai, surpassing those from India, the United Kingdom, and Italy. According to brokerage Betterhomes’ third-zone 2022 study, Russian buyers came in first, followed by those from the UK, India, Germany, France, the US, Pakistan, Lebanon, Canada, and Romania.
Indian real estate investments in Dubai increased as a result of the increase in rental returns
Tags: Real EstateRentalUAE
Due to the unprecedented ease of conducting business within the UAE, Dubai’s real estate market has experienced significant growth. According to Atinirmal G. Pagarani, MD, the Yogi Group, the country’s decision to allow non-Emirati citizens to own 100% of businesses has changed the game for those looking to establish their businesses inside the City of […]
Traffic Fines in Abu Dhabi
1. Up to Dh50,000 for releasing a seized vehicle When a driver runs a red light, drives dangerously or recklessly, engages in illegal street racing, or purposefully collides with a police car, their car may be confiscated. The Abu Dhabi Police enacted Legislation No. 5 for 2020 for the impoundment of vehicles inside the Emirate […]
Rent in Dubai is rising at the quickest rate since October 2014
According to the June 2022 version of the Dubai Residential Market Snapshot provided by CBRE, rental and villa rentals in Dubai are rising at the fastest rate since late 2014. The average rental and villa rentals in May 2022 were AED 83,485 and AED 249,677 per annum, respectively.
Expats merging properties to get Golden Visa in Dubai, UAE
The UAE visa residency device announced that real estate investors may furthermore obtain a Golden visa when purchasing a property worth no less than AED 2 million. This has cleared the way for many Dubai residents to merge or invest in their homes to reach the AED 2 million milestones and be eligible for long-term […]
Dubai’s 56% Property Surge Collides with Ghosts of 2009 Crash
Tags: DubaiReal EstateUAE
Last year, Dubai had the biggest increase in excessive-give-up assets penalties in the world, thanks in part to the government’s quick response to the coronavirus, which drew money from all over the globe. According to Knight Frank, prime real estate rates are expected to rise 56 percent in 2021. That crowned each principal town, with […]
Why Russian buyers are attracted to Dubai’s realty market?
Maria Shurshalina, a 20-year-old Russian from Sverdlovsk, has been able to see the graph take off since she arrived in Dubai six months ago. In double-quick time, the current marketer with intelligent aviators, who likes high-priced smells, has grown to be a hit realty broker. Her success reflects the growing Russian interest in the emirate. […]
Locality Overview: Arjan, Dubai, UAE
Tags: DubaiReal EstateUAE
Arjan, a relatively recent Dubai development, is a freehold mixed-use network that is part of the Dubailand grasp network. Al Barsha South is to the north, while Dubai Motor City is to the south. The network is connected to the rest of Dubai by the Sheikh Mohammed Bin Zayed Rd, which runs east and west.
Know all About New Amendment to the UAE Golden Visa scheme
The UAE’s Golden Visas were released with a huge bang in early 2020 to boost immigration into the country and attract talented youth to the country. As per this document, immigrants holding the GV wouldn’t have to have a sponsor and could own their business with 100% solitude. The duration of these was ten years, […]
