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2023 on track to become busiest year for property transactions

In comparison to the same period previous year, real estate transactions in Dubai increased by 44%, totaling 57,700 units With over 57,000 units bought across Dubai during the first half of 2023, the residential sector is on track to becoming the busiest year on record, a new report finds. Global real estate services provider Savills revealed in its latest report that property transactions during...

Dubai leads price growth in global prime residential market with gains of 11.2% in 2023

New report forecasts emirate to continue rally in second half of the year with growth between 6-7.9% Dubai led the price growth in the global prime residential market, recording gains of 11.2% in the first half of 2023. According to findings of the Prime Residential World Cities Index, released by real estate services provider Savills, the emirate emerged as the leader in average capital values...

World’s super rich to spend $2.5 billion on Dubai property in 2023

The emirate’s transport infrastructure, tourism hub credentials and pandemic recovery are main drivers of investment, Knight Frank says Global high-net-worth individuals (HNWIs) plan to spend $2.5 billion on Dubai property this year, a report has found. About 22 per cent of the HNWIs are prepared to commit $5 million to $10 million on real estate in the emirate, while...

Dubai real estate: $2.5bn of property deals this week

More than 3,100 Dubai real estate transactions as $2.5bn change hands The Dubai real estate sector saw 3,105 transactions, worth AED9.1bn ($2.5bn), this week. In the week ending May 19, the Dubai Land Department said 191 plots were sold for AED1.14bn, and 2,284 apartments and villas were sold for AED6.03bn. The top three transactions for land a plot in Island 2 sold for...

Another record was just set in Dubai's unstoppable luxury housing market.

Another record was just set in Dubai’s unstoppable luxury housing market

The most recent massive transaction in the United Arab Emirates' luxury market involved an apartment in the Baccarat-branded residences. One area of Dubai's real estate market is becoming more and more popular with wealthy people looking for somewhere to hide their money: flats and townhouses with a brand name, such as Four Seasons, Bulgari, and Cavalli. As foreign purchasers continue to acquire...

UAE President

Crown Prince of Abu Dhabi and Vice President of the UAE are named by President Sheikh Mohamed.

Sheikh Mansour bin Zayed and Sheikh Khaled bin Mohamed bin Zayed given top positions In a series of significant appointments, President Sheikh Mohamed selected Sheikh Mansour bin Zayed as Vice President and Sheikh Khaled bin Mohamed as Crown Prince of Abu Dhabi. Sheikh Mansour will now work alongside Sheikh Mohammed bin Rashid, who is Dubai's vice president, prime minister, and ruler. Sheikh...

UAE has announced significant changes to its Golden Visa system.

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,...

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