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How foreigners can buy property in Dubai; here's what you need to know
The Dubai Land Department (DLD) states that freehold ownership is absolute, unrestricted by time, and encompasses the land and all buildings on it. Foreign nationals can also acquire various types of real estate interests within the Designated Areas, such as musataha, usufruct, and long-term leases up to 99 years.
Family-friendly neighborhoods to call home in Dubai
Decided to make Dubai your new home? With zero percent income tax, low crime rates, and a diverse population, Dubai offers a vibrant and family-friendly environment. However, it’s essential to consider cultural adaptation, educational options, and the cost of living. Mira Real Estate can help you navigate these challenges and find the perfect neighbourhood to suit your family's needs.
Buying Off-Plan vs Ready Properties in Dubai: A Comparative Guide
This guide aims to equip you with the knowledge to confidently choose between ready and off-plan properties in Dubai's ever-evolving real estate market. Remember, there is no one-size-fits-all answer. Carefully weigh the pros and cons, conduct thorough research, and seek professional advice to embark on a successful property-buying journey in Dubai.
Millionaires Are Buying Homes In These 15 Areas In Dubai
Millionaires from emerging markets are flocking to Dubai! If you’re wondering why… Well, they’re attracted by the lower property prices and promising high growth opportunities in the city. According to the latest annual survey conducted by Simon Pitkin from dV Property International, Dubai’s residential market registered a record 119,000 home sales, totalling almost AED 350 billion in 2023.
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Off-plan Vs. Ready Property sales figures revealed, 36,000 sales transactions in Q1
Dubai real estate continues to be hot property as investors snap up more than 36,000 homes in first three months of the year. According to Property Finder’s Market Watch digest report for Q1 2024, the Dubai real estate sector has experienced continued interest in both existing and off-plan properties during the initial three months of the year.
UAE economic Diversification Drive Pushes Investment Appeal to top 10 Globally
The UAE has now secured the second spot among emerging markets, following China, marking a significant leap in global investment appeal. According to the 2024 Kearney Foreign Direct Investment Confidence Index, the UAE has surged to 8th place from 18th last year, solidifying its position as a prime investment destination. This rise in ranking reflects the success of the UAE's economic diversification efforts, with foreign direct investment reaching $22.7 billion in 2022, constituting 60 percent of FDI into the Gulf region.
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Does your living space affect your mental and physical health?
Studies have shown that exposure to nature, even in urban settings, can reduce stress levels, enhance mood, and improve cognitive function. By seamlessly blending nature into our living spaces, we can create environments that promote mental clarity, creativity, and overall well-being.
350 millionaires move from Africa to Emirates every year, says expert
Henley & Partners reports that there are 116,500 millionaires, 308 centi-millionaires (worth $100 million) and 20 billionaires in the United Arab Emirates. The wealthiest individuals in the BRICS countries saw the most growth in wealth, rising by 77% between 2013 and 2023.
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Revealed: Dubai’s top areas with the highest ROI on villas, apartments
Throughout the initial quarter of the ongoing year, Dubai witnessed nearly 37,000 property transactions amounting to a staggering AED109.6 billion, indicative of robust investor confidence in the emirate. Owing to burgeoning demand, sale prices for apartments and villas in the city's premier neighborhoods experienced modest upswings, reaching up to 7 percent.
Sheikh Mohammed approves designs for new passenger terminal at Al Maktoum International Airport
The designs for the new passenger terminal at Al Maktoum International Airport were approved by the Dubai Ruler on Sunday. Within ten years, all operations of Dubai International Airport will be gradually transferred to the new airport.
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Dubai attracted 9 multinationals worth $83bn last year
Dubai Chamber of Digital Economy has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED304bn ($82.84bn). The impressive figure reflects the emirate’s growing appeal as a preferred investment hub for innovative technology companies and underlines the chamber’s commitment to strengthening Dubai’s digital economy in line with the goals of the Dubai Economic Agenda (D33).
DAMAC unveils Autograph Collection – An exclusive enclave of boutique villas in DAMAC Hills
DAMAC Properties, a top luxury real estate developer in the UAE, just unveiled its newest fancy homes called the Autograph Collection in the posh DAMAC Hills area. These super stylish homes are all about class and elegance, adding a touch of luxury to Dubai's real estate scene.
Dubai Real Estate: Exciting Upcoming Mega-projects in 2024
Dubai remains a hub of cutting-edge ideas, consistently wowing with its ambitious and futuristic mega-projects. Guided by its government, the city thrives as a center of innovation and ingenuity. From breathtaking residences to unparalleled experiences, Dubai presents a diverse array of forthcoming projects. Let's delve into some of the fresh ventures across real estate, hospitality, entertainment, and retail sectors.
Choosing A Reputable Developer
In the world of real estate investment, success often hinges on one critical decision: choosing the right developer. Whether you're a seasoned investor or just dipping your toes into the market, the developer you align with can make or break your investment dreams. In this article, we'll explore why selecting a reputable developer is paramount and how it can significantly impact your returns.
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New Luxury Dubai Realty Projects Near Completion
London Gate, a major real estate developer in the UAE, has several projects under development in Dubai. The company is getting ready to mark the near completion of several projects. Among them, the 'Maya V' development is in its final stages, set to epitomize sophistication and contemporary living at its finest. Building on the substantial successes of its predecessors, the Maya V project is poised to establish new benchmarks for luxury living.
Dubai leads world in branded residences with projects to double by 2030
Dubai shines as the global leader in luxury branded residences, as reported by Savills, with a remarkable 150% growth in the past decade. The city boasts over 40 completed projects and an impressive pipeline, with South Florida and New York City following as key contenders. The surge in high-net-worth individuals in the UAE and growing financial wealth further underpins the city's status as a prime location for these upscale properties.
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Exploring The Trend of Branded Residences
Discover the new trend of fancy homes linked with famous brands. These special houses mix fancy living with well-known brand styles. See how these homes change what it means to have a house, giving people more than just a place to live – a cool and special place that shows style and being part of something special.
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Saadiyat Island leads the rankings in both rental yield and capital gains for Q3 2023
Dominating the charts with the highest rental yield and capital gains in the thrilling third quarter of 2023. The spotlight firmly belongs to this real estate powerhouse, showcasing its prowess in delivering impressive returns. When it comes to success, Saadiyat Island takes the gold in Q3!
Dubai real estate market hits record $6.5bn in October driven by apartment sales
In October, the Dubai real estate market achieved a record of $6.5 billion, primarily driven by robust apartment sales. The preference for apartments was evident, representing 65% of total sales, followed by villas/townhouses at 26%, and commercial/other properties at 9%.
When is the ‘best time’ to buy property? Experts reveal
Attempting to predict the real estate market in Dubai comes with risks. According to experts, buyers who prioritize their needs over speculative gains and adopt a steady approach often witness successful property performance as the emirate advances.
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Nikki Beach Residences sells out in first 48 hours as buyers snap up 420 properties
Nikki Beach Residences achieved a remarkable feat, completely selling out within the initial 48 hours of its launch. Buyers swiftly seized the opportunity, acquiring all 420 properties available in this coveted coastal development. This rapid success underscores the high demand for the beachfront living experience offered by Nikki Beach Residences.
Choosing Wisely: RERA Rental Index vs. Property Lease Valuation Certificate in Dubai
Dubai boasts an array of rental options, and the Dubai Land Department (DLD) has implemented several initiatives to regulate rental processes and transactions in the Emirate. Notable among these initiatives are the Rera Rental Index and Lease Value Certificate, both of which assist homeowners and tenants in determining the rental value of their property.
1,183 apartments and villas sold for AED 3.3 billion in the first week of 2024
In Dubai, there were 1,721 real estate transactions totaling Dh5.8 billion in the week ending January 5, according to the Dubai Land Department (DLD). During the first week of 2024, 114 plots were sold for Dh1.36 billion, and 1,183 apartments and villas were sold for Dh3.13 billion.
Making a strong case for Dubai property owners to go with short-term rentals
Dubai is a popular travel destination, and property owners are finding lucrative opportunities in short-term rentals due to higher income potential and flexibility compared to long-term rentals. With the booming tourism industry, exploring short-term rental plans can be a smart move for property owners looking to capitalize on the demand and earn extra income.
Dubai real estate company Binghatti has bought a plot of land in Business Bay for $99 million.
Binghatti Properties, a Dubai real estate developer, broadened its land portfolio with the acquisition of a Business Bay plot for AED365 million ($99 million). This prime location in Business Bay is minutes away from The Dubai Mall, Burj Khalifa, and the Dubai Water Canal. Binghatti's project expansion in Dubai has boosted the company's stock value, currently exceeding AED20 billion ($5.4 billion).
Will Dubai's real estate market maintain its competitive edge in 2024?
While high demand is positive for the market, it exerts pressure on property prices. Dubai's average residential prices surged by 19.1 percent in the 12 months leading up to October 2023. This raises the crucial question: can Dubai's thriving real estate market maintain its competitiveness in 2024?
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International Holding Company's revenue increased by 18% to $16.36 billion; EPS nearly doubles
International Holding Company (IHC), the most valuable listed company at Abu Dhabi Securities Exchange (ADX) with a market cap of AED899bn ($244.8bn), has posted record revenue and EPS growth for 2023 on the back of targeted acquisitions and performance of its portfolio companies. IHC released its preliminary financial results for 2023 ending on December 31 and reported that its preliminary revenue climbed 18 percent from last year’s AED50.94bn ($13.87bn) to AED60.089bn ($16.36bn).
Ras Al Khaimah real estate: Prices climb up to 18.5% in one year, best ROI for investors, top districts revealed
Bayut's latest market report sheds light on Ras Al Khaimah real estate trends, revealing a notable surge in prices, exceeding 18% in select developments. The heightened investor interest continues to drive activity in the Northern Emirate.
What is the future of luxury property in the UAE?
Dubai's rise as a global hub for opulent living and business is no accident, reflecting exceptional leadership that has fostered an environment where real estate doesn't just grow but thrives. With a commitment to excellence, the city stands as a top destination for property investment, drawing ultra-high-net-worth individuals enticed by the promise of a lifestyle that ensures both growth and security.
Dubai Land Department Changes 28 Neighborhood Names
The Dubai Land Department has recently unveiled a substantial transformation by renaming 28 neighborhoods in the city, including prominent areas such as Sheikh Zayed Road, Jebel Ali Village, and Emirates Hills First. This strategic initiative seeks to provide these districts with fresh identities, reflecting their cultural, economic, and historical significance. Residents and stakeholders can access the comprehensive list of updated neighborhood names on the Dubai Land Department's official website, showcasing a transparent approach to these impactful urban changes.
UAE announces 90-day visa-free travel deal with European country
The UAE and Kosovo recently agreed to let people travel between their countries without needing visas, marking a big step in their relationship. UAE citizens can now visit Kosovo for up to 90 days without a visa, and the same goes for citizens of Kosovo visiting the UAE. This not only makes traveling easier but also shows that both countries are committed to working together more closely in different areas like politics, economics, culture, and education.
The luxury branded residences segment predicted to see a massive surge in 2024
The luxury property market in Dubai and Ras Al Khaimah is anticipated to boom in 2024 due to expected reductions in interest rates and upscale features in new projects. Branded residences, particularly those in off-plan projects with lower entry prices, are predicted to experience significant demand growth.
Dubai’s Largest Home On Sale For $163m; 77,700sq Ft Raffles The Palm Penthouse Has 8 Bedrooms, A Cinema, A Cryogenic Room, Minigolf, And A Basketball Court
Dubai’s largest home on sale for $163m; 77,700sq ft Raffles The Palm penthouse has 8 bedrooms, a cinema, a cryogenic room, minigolf, and a basketball court
Why apartment owners at the Burj Khalifa are waiting longer to sell?
Why Burj Khalifa apartment owners in Dubai are holding off on selling. With buyers enjoying 20-25% discounts and property values continually rising, owners see it as a wise decision. The tower's units have witnessed a 55% price surge since March 2021, signaling potential future increases, while a 52% drop in available homes in 2023 indicates owners opting for a longer-term approach, contributing to sustained high prices.
In Dubai, buyers are getting 20-25% discounts on properties – here's how.
In Dubai, property auctions present lucrative opportunities for buyers, with recent sales showcasing upscale homes at significant discounts compared to the secondary market. This trend is particularly notable for repossessed properties, as banks aim to exit swiftly amid the city's rising property values. Additionally, major developers are adapting to market demands by offering flexible payment plans for new property launches, providing mid-income investors and end-users with extended options beyond traditional auctions.
Dubai Financial Market records over 57,000 new investors in 2023
Dubai's Financial Market experienced significant growth in 2023, witnessing the opening of 57,054 new investor accounts, a 12.5 percent increase from the previous year. This surge, fueled by factors like government listings and the popularity of online trading, remained consistent throughout the year, with a notable 184 percent increase in new accounts in December, driven by heightened interest in the Dubai Taxi Corporation's IPO. Simultaneously, the 29 brokerage firms at the DFM handled over 3.83 million transactions in 2023, marking a substantial 32.7 percent increase, indicating a dynamic and promising future for financial activities in the region
Dubai Umm Suqeim Street set for Massive $90 Million Transformation To Ease Traffic
Umm Suqeim Street in Dubai is poised for a substantial $90 million transformation aimed at alleviating traffic congestion. The massive project aims to enhance the overall traffic flow and efficiency of the street. This substantial investment underscores Dubai's commitment to continuously improve its infrastructure for the benefit of residents and commuters.
Everything You Need to Know about RERA Rent Calculator Dubai
The RERA rent calculator, developed by the Dubai Land Department (DLD), plays a pivotal role in determining the estimated rental index for various property types across different areas. If you're entering into an annual lease contract, utilizing the RERA calculator can help you gauge the average rental index for your chosen property.
Property Lease Valuation Request From DLD
In the dynamic landscape of Dubai's real estate market, the Dubai Land Department (DLD) plays a pivotal role in setting laws to regulate property transactions. Recognizing the significance of rental properties in a city where expat communities thrive, the DLD has introduced services to streamline and regularize rental values. One such valuable service is the DLD Property Lease Valuation Certificate.
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Inside Dubai’s first 3D-printed villa by Emaar
In a groundbreaking move, Emaar Properties has recently introduced Dubai's inaugural 3D-printed villa, marking a significant stride in the city's ambitious construction goals. Originally delayed due to the pandemic, this innovative residential property stands as a testament to the transformative potential of 3D printing in the real estate sector.
Luxurious Dubai penthouse sells for record-breaking $136.2mn
In a groundbreaking transaction, the Como Residences Penthouse, developed by Nakheel, has set unprecedented records, not only claiming the title of the most valuable property ever sold in Dubai but also securing its place as the third most expensive penthouse globally.
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Buyers clean up Aldar’s $840m offering in Dubai within hours of launch
Aldar's $840 million investment opportunity in Dubai witnessed a rapid response from buyers, with all 786 villas and townhouses in 'Haven,' Aldar's inaugural residential community in Dubai, completely sold out on the day of its launch.
Abu Dhabi and RAK Set to Compete with Dubai for Prime Real Estate Investments in 2024
New market research projected a return on investments of up to 50% for some of the projects in Abu Dhabi’s upcoming and popular islands over the next three years, turning them among the most sought-after residential real estate markets in the coming year.
Dubai private schools ranked among the top 14 in the world
In a groundbreaking achievement, Dubai's private schools have secured a spot among the world's top 14 in mathematics, science, and reading, according to the latest Programme for International Student Assessment (PISA) cycle. Surpassing the National Agenda target of the top 15, this historic accomplishment underscores the educational prowess of the emirate.
Why Dubai is the top choice for attracting millionaires and billionaires worldwide.
Dubai stands out as the preferred destination for millionaires and billionaires globally. Its appeal lies in factors such as stability, luxurious amenities, and favorable policies. The city's unique qualities make it the top choice for the world's affluent.
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Aldar Education launches new school in Abu Dhabi, enrolment starts January 2024
Aldar Education is set to make educational waves in Abu Dhabi with the launch of the Noya British School on Yas Island. The newly established school is gearing up to welcome its first cohort of students in the academic year 2024-2025, with enrolment slated to begin in January 2024. This strategic move marks Aldar Education's commitment to providing top-tier education in prime locations, reinforcing its dedication to excellence in learning.
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Diversify Your Investments: Explore Opportunities in Dubai, Abu Dhabi, and Ras Al Khaimah
Discover the path to financial prosperity as we guide you through the enticing realms of real estate in Dubai, Abu Dhabi, and Ras Al Khaimah. Uncover the potential for stable returns and strategic property ownership in these dynamic cities. Join us in our latest blog post for an insightful exploration into the world of lucrative investments.
Phase one of Cape Hayat by RAK Properties sold out in record time
RAK Properties' Cape Hayat phase one achieved a record-setting sell-out. Situated in Ras Al Khaimah, Cape Hayat offers opulent residential apartments with direct beach access and panoramic views of the Arabian Gulf and Hajar Mountains. The rapid success of phase one underscores the high demand for this luxurious development.
Dubai Leads as Prime Choice for Global Investors Eyeing Affordable Real Estate with High Returns
Dubai steals the spotlight as the ultimate pick for smart investors hunting for affordable real estate with sky-high returns. Brace yourself for a real estate revelation: Dubai is the go-to destination, offering a sweet deal of affordability coupled with lucrative gains. It's the perfect investment playground, where your money goes far and comes back with a bang!
Anantara is set to introduce Ras Al Khaimah’s first overwater villas.
Get ready to experience luxury like never before as Anantara unveils Ras Al Khaimah's inaugural overwater villas. Dive into opulence with this groundbreaking addition that promises unparalleled views and an unforgettable stay. Anantara is turning dreams into reality with the debut of these exclusive overwater retreats in Ras Al Khaimah!
New $1.3bn branded residences and resort project revealed at Al Marjan Island
Check out the new $1.3 billion JW Marriott Al Marjan Island Resort and Residences in Ras Al Khaimah! With 300 hotel rooms, 524 residences, and a stunning waterfront location, it's redefining luxury living. A collaboration with WOW Resorts, this Middle East debut is a must-see!
Why Invest In Ras Al-Khaimah
Welcome to Ras Al Khaimah, where investment opportunities abound in the heart of the United Arab Emirates. Boasting 100% foreign ownership, enticing corporate tax rates, and a host of investor-friendly policies such as long-term residency through investment, Ras Al Khaimah sets the stage for unparalleled business growth. Explore the advantages of 0% personal tax, 100% repatriation of capital and profits, and a seamless availability of utilities, all against the backdrop of lower development costs and a thriving tourism sector, making it a strategic choice for investors seeking both financial returns and long-term stability.
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9 things people living outside Dubai get wrong about Dubai
This blog clears up common misconceptions about Dubai held by those who don't live there. It covers topics like the weather, cost of living, green spaces, cultural richness, and more to provide a more accurate understanding of the city.
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Why the UAE will remain a global real estate hotspot delivering strong ROI for home buyers
Discover why the UAE's real estate market stands out globally, defying expectations with its resilience and attractiveness. From robust demand and fair value recognition to population growth and government initiatives, the UAE offers a mature yet dynamic investment landscape. Explore the key factors, including technological advancements, making it an irresistible opportunity for savvy investors.
Top 5 Short Term Rental Locations - Dubai
In the past year, Dubai's short-term rental market has been on the rise, with good revenue and occupancy rates. The top short-term rental spots in Dubai are Downtown Dubai, Jumeirah Lake Towers, Dubai Hills, Nad Al Sheeba 2, and Arjan. These areas offer various amenities and attractions for travelers seeking a comfortable stay in Dubai's growing real estate market.
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3 Strategic Ways to Invest in Dubai Real Estate
Explore three strategic approaches to investing in Dubai real estate: Buy and Hold for steady long-term rental income and property appreciation, Short Term Rentals for potentially higher returns with market fluctuations, and Fix and Flip for quick profits with careful planning and skilled contractors. Dubai real estate offers huge opportunities, and understanding these strategies is important for both new and experienced investors.
Explore the Best Attractions in Dubai
Discover Dubai, a city of luxury and excitement with its modern skyline, lavish resorts, and a wide range of activities. It's a top destination for tourists with something for everyone, whether you seek adventure, culture, or shopping. From famous landmarks to hidden treasures, explore the wonders of this cosmopolitan city.
New York vs Dubai: Where Is Better To Invest In Real Estate?
To choose between New York and Dubai for real estate investment, weigh their unique advantages and your investment goals. New York offers diversity, strong infrastructure, and seasonal appeal, while Dubai boasts year-round warm weather and a growing real estate market.
Smart Investments in Dubai Real Estate
This blog offers tips for smart investments in Dubai real estate. It suggests starting with a clear strategy, focusing on location and property features, and seeking professional advice. These steps can help you succeed in the Dubai real estate market.
The 5 Steps To Getting An Investor Visa In Dubai
Thinking about investing in UAE real estate? It's a great idea! This blog breaks down the five steps to becoming an official Emirates resident, starting with choosing a 10-year or 2-year visa. Then, you'll register your property, apply for the resident visa, pass a medical check, and submit your biometrics. With this plan, you can also enjoy benefits like opening a local bank account and fast-tracking other visa dreams. It's your golden ticket to a world of opportunities!
Dubai's Real Estate Market Achieves Remarkable AED 2.2 Billion in Transactions on Monday
Dubai's real estate market had a record-breaking Monday, with AED 2.2 billion in transactions. This includes 602 sales totaling AED 1.86 billion, 104 mortgages at AED 244.26 million, and 18 gifts at AED 108.8 million, showcasing Dubai's global allure for investors.
New York vs Dubai: Where Is Better To Invest In Real Estate?
To choose between New York and Dubai for real estate investment, weigh their unique advantages and your investment goals. New York offers diversity, strong infrastructure, and seasonal appeal, while Dubai boasts year-round warm weather and a growing real estate market.
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