real estate market in Dubai
The Dubai real estate sector’s growth is largely driven by foreign nationals living in the UAE and overseas investors living in different parts of the world. The Dubai Land Department (DLD) recorded 69,069 real estate transactions with a total value exceeding Dh285 billion ($77.6 billion) in 2017, including Dh107 billion ($29.15 billion) investment by 39,480…
A Dubai developer was able to generate sales that would eventually total Dh301.86 million in less than seven days starting May 24. Seven Tides sold all 661 units in the first round of sales for its Se7en City project in Jumeirah Lake Towers. The developer now plans to roll out a second round. Studios start…
Dubai is still among the world’s costliest places to rent a flat, but tenants in other cities have it worse, a new report reveals. Renting a two-bedroom apartment in the emirate costs an average of $1,787 (Dh6,563) a month, which may be costly for breadwinners with single-digit salaries. But there may be some comfort for…
Investors in Dubai’s real estate can sell or rent their properties online from anywhere — through the Dubai Land Department’s ‘REST’ platform. This covers the entire digital management of these transactions and helps eliminate paper documents and “reduce brokerage-related procedures,” the Land Department said in a statement. The mention of cutting down on broker involvement…
Owning a home is a keystone of wealth… both financial affluence and emotional security.