The real estate market in Dubai had 498 sales transactions worth AED 1.24 billion on Monday, along with 80 mortgage deals totaling AED 444.06 million and 12 gift deals totaling AED 65.68 million, according to data released by Dubai's Land Department (DLD). The mortgages covered 29 land plots worth AED302.56 million and 51 villas and apartments worth AED141.5 million, increasing today's real estate...

The Dubai Land Department has advised all owners, developers, property management companies, and tenants to register the names and contact details of any co-occupants in both owned and rented residences. According to a Dubai Land Department circular, registration must be completed in "maximum of two weeks with immediate effect" and can be done through the Dubai REST app. In order to register their...

In terms of sales volume and value, the apartment and villa sectors of Dubai's real estate market both saw an increase. There were reportedly 6,050 apartment sales in Dubai in August of this year, worth a total of Dh11.7 billion. These figures show a rise of roughly 37% in terms of volume and 33% in terms of value month over month, according to Zoom Property Insights. Apartments were discovered to...

Major construction milestones have been completed for the waterfront community Riviera, which is being built by UAE-based Azizi Developments in the heart of MBR City, one of Dubai's business, entertainment, and shopping districts. The first phase's overall construction completion rate was 98%, according to Azizi, who provided an update on the project. The completion rates for the second, third, and...

For those looking for a house that combines elegance and comfort with a reasonable price tag, Welcome Residency is a fantastic choice. It consists of two- and three-bedroom apartments with opulent finishes, amenities (pool, gym with a view, charming lobby area, four elevators linking to all floors), and roomy balconies with views of the city. A five-year payment schedule for the new project calls for...

More than a million visitors visited Dubai in July, according to figures, keeping the emirate on course to surpass pre-pandemic tourism levels. Dubai received 8.1 million tourists in the first seven months of 2022, an increase of 184% from the same period in 2021. The emirate welcomed 7.12 million foreign overnight guests in the first half of 2022. 2.85 million tourists visited between January and...

Planet Tax-Free and the Federal Tax Authority (FTA) of the United Arab Emirates have launched a paperless tax refund service for tourists. The FTA and Planet Tax-Free presented the new tourist tax refund program on September 14. The new strategy employs a digital platform along with registered till systems and is paperless. All visitors need to do to complete their transaction is scan their...

In the first half of 2022, the number of high-net-worth individuals in the emirate of Dubai increased by 18%, ranking it as the 23rd most popular destination worldwide for ultra-wealthy residents. The city's HNWI population increased to 67,900, up from 54,000 in June of last year, according to a study by New World Wealth, a research firm that tracks the wealth and travel of millionaires,...

The Green Visa is one of the visa options that the UAE is getting ready to provide as part of a new immigration system that will go into effect on October 3. But how is this visa different from the Golden Visa? Despite the fact that both visa systems offer UAE citizens other options for residency, there are some noticeable similarities and variations between them. For instance, without the help of a...

The week ending September 9, 2022 saw a total of AED9.4 billion in real estate and property transactions, according to information from the Dubai Land Department. 2,594 transactions were totaled. 871 flats, villas, and plots were sold for a combined AED 946.55 million and AED 3.92 billion. Sale of land in Island 2 for AED 46.5 million, sale of land in Al Barsha South Third for AED 26 million, and...