According to information released by Dubai's Land Department, the real estate market in Dubai saw 461 sales transactions for AED1.25 billion on Wednesday, 95 mortgage transactions worth AED5.22 billion, and 53 gift transactions worth AED154.86 million (DLD). The sales included 384 homes and apartments worth AED921.97 million as well as 77 land plots for AED332.08 million. The mortgages included 15 land...
By the end of 2023, Samana Developers, a Dubai-based developer, plans to begin 12 new projects, including six-hundred million-dollar ($680 million) five-star hotels. The developments contain more than 2,400 units. The developer also reviewed their performance for 2022 on Tuesday, along with the 2023 design. The company has targeted a fourfold increase in growth. The corporation is presently choosing...
By the beginning of 2026, Ellington Properties will construct a brand-new residential complex with 377 units and a Dh1.2 billion price tag in the Jumeirah Lakes Tower high-tower neighborhood. For the "Upper House" project, the developer has selected Brewer Smith Brewer Group (BSBG) as the design firm. Additionally, this is Ellington’s first business effort in JLT; up until now, it has operations in...
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...
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