News

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...

Zoom Property Insights predicts that the Dubai real estate market will expand further in 2023 as a result of rising demand and interest from high-net-worth individuals (HNWIs) and foreign investors, which will drive up property prices and annual rent. The luxury market will continue to dominate with a growth rate of 13.5%, according to the most current statistics from Zoom Property Insights, with...

According to Ithra Dubai, a well-known real estate developer and asset manager owned by the Investment Corporation of Dubai, the landmark One Za'abeel building is now completing its final construction work and is scheduled to open in 2023. The firm completed completely encasing in glass its three buildings, One Za'abeel The Residences, One Za'abeel Tower, and The Link, in the third quarter. The One...

The real estate market in Dubai saw 515 sales transactions for AED1.44 billion and 19 gift deals totaling AED137.87 million on Monday, according to data provided by the Dubai Land Department (DLD). Sales of 483 villas and flats for AED1.14 billion and 32 land plots for AED299.29 million totaled AED1.5 billion in real estate transactions....

Have you ever waited for a taxi when running late? Or did you have invoices that were due the next day, but no offices were open? Flying abroad but unsure of which website offered trustworthy information and booking options? Governments in each of the United Arab Emirates have applications that act as a one-stop shop and let you access both government and some commercial sector services. These are the...

On Tuesday, Deyaar Development PJSC declared that it will begin construction on three new projects in Al Furjan, which would cost about Dh300 million. The projects will have 400 unique units with one, two, or three bedrooms that will be divided between residential and hotel flats. Amalia Residences will be the first project, while the other two will be revealed in 2023. Saeed Mohammed Al Qatami, CEO...

Danah Bay, Dubai Investments' most recent flagship freehold property in the UAE, is located on Al Marjan Island, and development on it began in earnest on Thursday. Danah Bay in Ras Al Khaimah is a resort-style hideaway with a Dh1 billion price tag. The project covers about 86,000 square meters, including 40,000 square meters of beaches. The project’s residential tower has 128 apartments, ranging...