219 homes were sold in Dubai in 2022, greatly breaking previous real estate market records, for an average price of almost $10 million. Prior to 2021, there were 93 such sales of homes costing $10 million or more, with an annual total of 20 units or less. In 2015, the total just went over 31, according to a new update from Knight Frank. In reality, 2022 was the year that Dubai experienced a rush of...
You can now submit a Golden Visa application or complete any process regarding Dubai residency permits thanks to the introduction of video chat. The General Directorate of Residency and Foreigners Affairs - Dubai (GDRFA-Dubai) introduced a new service on January 11 that claims to provide immigration and residency services via video chat in under five minutes. Through the GDRFA website at...
The real estate market in Dubai had 505 sales transactions worth AED1.06 billion on Tuesday, along with 55 mortgage agreements totaling AED82.22 million and 25 gift deals totaling AED86.73 million, according to data released by Dubai's Land Department (DLD). 463 houses and apartments worth a combined AED888.26 million and 42 land plots worth AED175.01 million were sold. The mortgages were for 45 villas...
The majority of UAE workers are now eligible to sign up for unemployment insurance, but in order to receive the policy's cash benefits, you must meet ten criteria. Both Article 9 of Cabinet Resolution No. 97 of 2022, which was issued after the law was approved and governs the unemployment insurance program, and Article 5 of Federal Decree-Bill No. 13 of 2022 specify these conditions. If you want to...
The first two stages of the Sharjah Sustainable City, which each included 604 villas, were completely sold out during the course of the previous year, and a third phase with 324 villas was also introduced. Phase 1 of the handover is complete; phases 2 and 3 should follow in 2023 and 2024, respectively. Following an overwhelming response to the city’s transition to a sustainable way of life, the first...
Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, a Member of the Abu Dhabi Executive Council and Chairman of the Emirates Council for Balanced Development, has launched the "Qidfa Development," the first project of the "Emirates Villages" initiative, which seeks to create a sustainable development model, in the emirate of Fujairah. Sheikh Theyab stated that the UAE government is keen to offer a quality...
Leading private developer in the UAE Azizi Developments reported a 37% rise in sales in the second half of 2022, finishing the year with a total of over 6,000 units for Dh5.6 billion. Azizi plans to finish around 11,000 units this year across 45 projects in Dubai, including the first, second, and third phases of Riviera, Park Avenue I, II, and III in MBR City, and Berton in Al Furjan. After spending...
The program was introduced on January 1, 2023, by the Ministry of Human Resources and Emiratization of the UAE, and a subscription was required (MOHRE). Depending on your base salary, you must pay a monthly payment of Dh5 or Dh10 to be eligible for unemployment insurance. You can enrol in the programme, known as the Involuntary Loss of Employment (ILOE), online or through any of the seven platforms...
The real estate market in Dubai had 529 sales transactions worth AED1.89 billion on Thursday, along with 80 mortgage deals totaling AED133.23 million and 12 gift deals totaling AED48.36 million, according to data made public by the Dubai Land Department (DLD). The sales of 501 villas and apartments for AED1.73 billion, 28 land plots worth AED156.11 million, and 72 mortgages for villas and apartments...
Arada, a Sharjah developer, constructed Nest, an integrated student housing complex, which is part of the Aljada megaproject in Sharjah. In Sharjah, five minutes' drive from University City, the Dh700 million Nest complex comprises 2,473 fully furnished dorm rooms, both private and shared, spread across 12 residential buildings. The Nest project comprises a 388,000-square-foot space, a jogging...
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