News

According to property experts, the UAE's real estate market continues to offer several appealing opportunities, particularly for international investors who first arrived in the country for the Expo 2020 Dubai mega event. Emad Haq, vice chairman at H&S Real Estate, spoke to Khaleej Times about the "spillover effect" that the global mega event had created by firmly putting the city, and by extension...

Danube Properties launched Gemz, a Dh350 million pyramid-shaped building with 30 facilities, in Al Furjan on Tuesday. The company's 16th project, which includes 270 apartments, features unique convertible layouts that allow one bedroom units to be converted to a 2BHK and a 2BHK to a 3BHK, as well as an in-built swimming pool with an aqua gym and anti-current machine in most of its apartments. The...

A property in Dubai Hills has been sold for Dh128 million, making it the most expensive villa to be sold in the forthcoming area this year. The seven-bedroom mansion was sold brand new, with a built-up area of 34,113 sq ft on a plot of 42,518 sq ft. The villa was listed privately and sold in less than a month. There has been a scarcity of ultra-luxury, brand-new, completely furnished, and...

A villa on the Palm, inspired by the designs of Los Angeles beachfront homes, has sold for Dh63 million, becoming one of the bigger deals in Dubai’s property market during the second quarter. The five-bedroom 8,600 square feet home is on the N frond. “The home was presented in absolute mint condition – which went well noticed by the buyers,” said Kunal Singh Gupta, Associate Director of...

The property market in Abu Dhabi is seeing a significant surge in demand from European buyers, with some real estate agents reporting up to a 50% increase in demand in the first four months of 2022 compared to the same period last year. The surge has been linked to a variety of factors, including the city's cautious treatment of the Covid-19 outbreak, developing free zones that encourage company...

Sheikh Mohamed bin Zayed, Ruler of Abu Dhabi, has been elected the country's president. The official announcement followed a meeting in Abu Dhabi of the rulers of the Emirates. He becomes the third president in the UAE's history, following the death of Sheikh Khalifa on Friday. State news agency Wam reported the decision by the Federal Supreme Council, which comprises the rulers of which...

Abu Dhabi: President His Highness Sheikh Khalifa bin Zayed Al Nahyan has passed away on Friday, May 13, the Emirates News Agency (WAM) reported. In a statement issued today, the Ministry of Presidential Affairs announced the death of Sheikh Khalifa. “The Ministry of Presidential Affairs mourns the death of the nation’s President His Highness Sheikh Khalifa bin Zayed Al Nahyan,” the statement...

Golden Residency visa Substantial amendments are introduced to the Golden Residence Scheme to simplify the eligibility criteria and expand the categories of beneficiaries. This long-term 10-year residence is granted to investors, entrepreneurs, exceptional talents, scientists and professionals, outstanding students and graduates, humanitarian pioneers and frontline heroes. The amendments allow the...

Dubai: As the UAE’s residency visa stickers in travel permits are supplanted with Emirates ID as of nowadays, April 11, the past shape of stickers will as it were be accessible online as a reference for residents. According to the Government Specialist for Personality,...

Emirati citizens accounted for nearly one-third of the total number of employees of Expo 2020 Dubai. This was due to the many initiatives aimed at empowering Emirati citizens and improving their overall skills as part of the country’s overall Emiratisation efforts. Emirati citizens comprised some 30 percent of all employees of Expo 2020 Dubai, with 248 working in operations while 35 percent worked...