The UAE real estate market is set to scale new heights, with projections indicating a staggering valuation of $710 billion by the year's end. In alignment with the ambitious goals outlined in the UAE Net Zero 2050 and Dubai 2040 Urban Masterplan, Dubai's real estate landscape is witnessing a gradual shift towards sustainability. Ranked third globally with over 400 projects certified by LEED (Leadership...
The UAE's recent removal from the Financial Action Task Force's (FATF) financial crime watchlist will be a catalyst for economic expansion, particularly in Dubai's real estate sector, attracting heightened foreign direct investment and institutional funds, according to industry experts. The FATF, an international body dedicated to combatting financial crime, decided to delist the UAE from its grey list,...
Dubai's Real Estate Regulatory Authority (RERA) has initiated robust measures to combat deceptive online property advertisements, heralding a significant transformation in the city's real estate sector. The latest policy by RERA is poised to substantially slash property sales ads by up to 40 percent across multiple real estate platforms. This crackdown targets the misuse of developers' No Objection...
In a move that is set to reshape the landscape of long-term residency options in the United Arab Emirates (UAE), the country has unveiled significant revisions to its Golden Visa program. The elimination of the minimum down payment requirement, previously set at Dh1 million, stands out as a game-changer, making the renewable residency program more accessible than ever for property investors. Unlocking...
Dubai Property Post reports:Chinese buyers are driving Dubai’s property market, positioning the city as a premier destination for affluent individuals, states Knight Frank.The property consultancy forecasts that, in the long term, Dubai will join the ranks of top financial hubs like New York, London, and Singapore ... Paragon Properties CFO Angelo Kazantzas stressed that while Chinese buyers were...
Dubai has proven to be the preferred destination for expats considering a move abroad, outshining well-known cities such as New York, Miami, and Paris. In a recent study conducted by financial services firm Remitly, People from 60 countries, including the USA, Canada and the United Kingdom chose Dubai as the country they would most love to move to and live. The emirate was also recognised as the...
Dubai's real estate market is set to experience a seismic shift in 2024, with significant growth on the horizon. The convergence of robust demand, a thriving economy, and international investor interest positions Dubai as a global leader in the real estate sector. Dubai 2024: Key factors driving the growth and evolution of Dubai's real estate market this year Sustainable Living and Green Property...
The Dubai property market has experienced a remarkable surge in prices, largely attributed to a significant influx of Russian and European investors. These investors are flocking to Dubai, increasingly drawn to the emirate's real estate sector, seeking stable markets and the promise of a luxurious lifestyle.Dubai, a city already bustling with expatriates, with nearly 90 per cent of its approximately 10...
Dubai has welcomed a staggering 4.67 million international overnight visitors in the first quarter of 2023, achieving a remarkable 17% year-on-year growth.
With its stunning architecture, world-class amenities, and tax-friendly policies, Dubai has become an attractive destination for high-net-worth individuals and investors from around the world and has emerged as one of the most prominent players in the global luxury property market.