The Dubai property market recorded its highest transaction volumes in the past year. The apartment and villa markets saw a total of around 74K transactions including mortgage transactions, with Ready Sales accounting for 68% of all transactions. The lack of new supply in certain areas such as Palm Jumeirah and Downtown Dubai is contributing to the optimism in the Ready Sales market. Many investors...
In 2021, Dubai was named as the world's most desirable real estate market. It was also the fastest-growing region in terms of prime price performance. The city's various economic support measures and the availability of visas helped drive the price growth. The government of the UAE has recently launched a new visa program aimed at attracting more wealthy individuals to the country. It will provide...
The real estate market in Dubai is expected to continue its rapid growth this year. We at Christie's International Real Estate Dubai believe that the number of transactions will surpass record levels. The following factors will help boost the demand for housing: A Stable EconomyFavorable Tax PoliciesLow Mortgage RatesHigh Interest from Foreign BuyersHigh Volume of Properties Stock Despite the...
The number of UK mortgage approvals rose slightly to 63,770 in July 2022 from a revised 63,184 in June. This is above market expectations of 61,725, but below the 12-month pre-pandemic average of 66,800. Re-mortgaging approvals, which only involve transferring from one lender to another, rose to 48,400 in July from 43,300 in June. This is still below the 12-month pre-pandemic average of...
Thailand will begin accepting applications for its new Golden Visa program beginning September 1, 2022. The program is commonly referred to as the Golden Visa because of its multiple-year stays and the requirements of a wealthy applicant. The new Golden Visa allows individuals to stay in Thailand for 10 years. It also allows them to enter and exit the country multiple times. In addition, it allows them...
If you're looking for the best way to experience the excitement of the world's biggest sporting event but don't want to travel too far, look no further than Dubai. We're so close to Qatar and you won't miss a second of the action. We've got everything you need for a great time: beautiful apartments, amazing restaurants, and an awesome beach right next door. With luxury real estate at every turn, a...
The value of real estate transactions in the week ending August 19 was around AED10.3 billion. The sum of transactions was 3,149. Sales Transactions: AED 6.48BMortgage Transactions: AED 3.72BBest Performing Day: Aug.16th, 2022 - 697 properties worth AED 3.27B Al Hebiah Fifth had the most number of transactions with 173 sales worth over AED475 million. Second was Jabal Ali First with 70 sales worth...
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...