Dubai Marina is one of the most popular communities in Dubai, located right between JLT and JBR. It is home to over 200 residential towers and villas. Dubai Marina offers an unparalleled lifestyle experience with waterfront views, connectivity to commercial hubs, and scenic promenades. This area is known for its vibrant dining and retail establishments, and residents are only a few minutes away from...
The UAE’s Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICA) said on Monday that new executive regulations regarding the entry and long-term residence for expats will be implemented in September 2022. The new regulations will allow foreign nationals to enter the UAE for up to 10 years. Also allow them to extend the stay of their Green Residence and Golden Visas. They also...
According to the statistics released by the Land Department of Dubai, there were 2,814 real estate transactions that were conducted during the week ended August 12, 2022. Sales Transactions: AED 4.74BMortgage Transactions: AED 4.65BBest Performing Day: Aug.10th, 2022 - 432 properties worth AED 2.62B A total of 329 plots were sold at a price of around AED1.64 billion, while 1,567 villas and...
The UK's interest rate hike was widely expected, and with inflation still expected to remain high, further increases are likely. This will provide Middle Eastern real estate investors with additional opportunities to invest in UK property market. The Bank of England on Thursday raised its key interest rate by a quarter of a percentage point to 1.75 percent from 1.25 percent, its biggest increase since...
According to CAPA Centre for Aviation, Dubai International Airport has regained its title as the world's busiest international airport based on the number of passengers and seats it has available. The airport handled more than 4 million passengers in July 2022. This represents a 28% increase from the previous month. The report noted that Dubai International Airport handled more passengers than Heathrow...
According to a study conducted by Premier Inn, Dubai has emerged as the world's most popular city break destination. The study was conducted after over 21 countries visited Dubai. It identified the city as a must-visit for those looking to experience the "luxuriate" lifestyle of the region. The study noted that holidaymakers are eager to visit the United Arab Emirates. Out of the 136 countries that...
According to the data released by Dubai Land Department, a total of 2,384 residential transactions were conducted in the Dubai real estate market during the week ending July 22nd, 2022. Sales Transactions: AED 5.12BMortgage Transactions: AED 5.06BBest Performing Day: July 18th, 2022 - 557properites worth AED 5.65B The rapid growth of the property market in Dubai over the past 6 months has been...
The total amount of real estate deals closed in Dubai in H1 2022 has surged to AED114.6 billion (USD31.20 billion) with sales transaction volumes reaching an all-time high of 43,020. The steady increase in the prices and volumes of real estate transactions in Dubai during the first and second quarter of 2022 is expected to continue to be a great sign for Dubai’s property sector. The property...
According to the data released by Dubai Land Department, a total of 2,365 residential transactions were conducted during the week ended July 1st, 2022 worth ($2.69B) AED9.9Billion. Sales Transactions: AED 5.86BMortgage Transactions: AED 4.36BBest Performing Day: June 27th, 2022Top Performing Location: Burj Khalifa, 276 properites worth AED 645.55M A total of 379 plots were sold at a price of around...
According to the UK's Home Office, individuals from the Gulf Cooperation Council (GCC) countries no longer require a visa to enter the country and can now apply for an entry permit online. Through the UK's Electronic Travel Authorisation (ETA), eligible nationals from various countries can now visit the country for multiple purposes without a visa. The implementation of the ETA scheme is a key...