Dubai: Soon, you won’t have to carry a nol card, ticket, cash or card to use public transportation in Dubai. Dubai’s Roads and Transport Authority (RTA) plans to enable facial recognition technology as a form of payment for public transportation fares. During the ongoing GITEX Global 2023, being held at Dubai World Trade Centre, RTA […]
OMNIYAT, the prominent developer, previously disclosed its acquisition of Marasi Bay Marina from Business Bay LLC.This acquisition represents a groundbreaking move for OMNIYAT, extending their architectural expertise and elevated lifestyle vision from individual properties to a complete, exclusive, ultra-luxury enclave.Situated at the heart of Dubai, the dynamic waterfront location currently houses OMNIYAT’s inaugural gem on […]
Residential property investment deals in Dubai posted an impressive 17 percent spike in the first 269 days of 2023 to hit 45,169 deals from 38,731 investment deals during the same year-ago period, a new market study showed.In value terms, the jump in investments was even higher at 25 percent in the first 269 days of […]
Growing investor demand from Russia and China has helped fuel exponential market growth in the UAE, especially in Dubai’s luxury real estate segment, industry insiders told Arabian Business. As geopolitical tensions and economic uncertainties persist at home, wealthy individuals from these two countries have turned to Dubai in increasing numbers, chasing high yields and a […]
Dubai ruler remembers facing laughter when he proposed transforming the UAE into a tourism destination.Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and the Ruler of Dubai says people laughed when he suggested the UAE could develop into a holiday hotspot. In a message on social media, Sheikh Mohammed highlighted […]
According to property industry specialists, the outlook for Dubai’s off-plan market is positive due to a noticeable increase in demand from end-users and investors. Dubai’s off-plan market is booming due to surge in demand
Local expats accounted for 40% of all property purchases in Dubai last year, and this figure is projected to reach 50% by 2025, industry experts said, Local expats are poised to lead the next property market boom in Dubai and the UAE, driven by the rising rent costs and the increasing allure of the county’s […]
Dubai was recently recognised as the top regional destination and the fifth best city to live in by the World’s Best Cities report for 2023 Dubai’s property sector is experiencing a significant surge, according to Unique Properties, a real estate agency in the emirate. Recent data reveals substantial growth in both the residential and commercial […]
Dubai Land Department (DLD) has introduced the REIT privileges registry, inviting local and international real estate investment trusts (REITs) to register. This initiative aims to enhance Dubai’s global position as a real estate investment hub and provide incentive benefits to encourage REITs to consider projects across the city, thereby increasing market investment and long-term capital […]
The Department of Municipalities and Transport (DMT) has introduced a Unified Contract Template for the sale of units and plots on the master plan in Abu Dhabi’s development areas. The Unified Contract Template is a real estate sales agreement between the developer and the investor that regulates the buying and selling process when the property […]
