Rise in foreign fund inflows fuels a surge in the rally along with tenants turning into property ownership, and availability of ready-to-move-in properties, among others. Property prices rally in Dubai will continue next year, but the pace will slow down compared to 2023, with a growth rate of up to 10 percent projected on the back of strong demand from residents, investors, and high-net-worth...
In 2024, the real estate market in Dubai is expected to expand by about 15%, according to artificial intelligence (AI)-driven research of property markets in key cities worldwide, while the London real estate market is expected to continue to decline. According to the study, Dubai’s real estate industry will be a shining example of growth in 2024. “Fuelled by resilient demand, a buoyant economy, and...
The changes extend the categories of beneficiaries while streamlining the eligibility requirements. The much-coveted visa allows its holders to stay outside of the UAE for as long as necessary without it having an impact on their residency. In the past, residents who spent six months or more away from the UAE forfeited their residency. Investors, business owners, remarkable talent, scientists,...