June 1, 2024

UAE Property: "My tenant is paying low rent, so I can't find a buyer."

UAE Property: “My tenant is paying low rent, so I can’t find a buyer.”

I previously wrote to you about evicting my renter for renovations, but the case was lost in court. Due to my intention to sell the property, I have now served my tenant with a new eviction notice. But the rent my tenant is currently paying is merely Dh190,000 ($51,735) every year. At this price, nobody wants to purchase my property with a tenant already living there. Given that the going rate for...

Acube's new real estate project in Dubai features over 50 facilities, such as a beach-themed pool and a miniature water park.

Acube’s new real estate project in Dubai features over 50 facilities, such as a beach-themed pool and a miniature water park.

Electra, a 38-story residential skyscraper with more than 50 facilities located in Jumeirah Village Circle (JVC), Dubai, is the second property project that Acube Developments has started construction on. The project will be completed in three years, starting in the second quarter of 2024. Read this also: A record-breaking $1 million Dubai rental agreement for a Jumeirah property Electra, which takes...

A record-breaking $1 million Dubai rental agreement for a Jumeirah property

A record-breaking $1 million Dubai rental agreement for a Jumeirah property

A five-bedroom home in the Villa Amalfi neighborhood on Jumeira Bay Island has broken the record for the most expensive townhouse ever rented in Dubai, according to Driven Properties, a renowned real estate firm. Additionally, it is among the most valuable rental agreements in Dubai's history, at AED 3.7 million ($1 million) a year. Read this also: Azizi has been given the design contract for the...

Azizi has been given the design contract for the residential towers in Dubai South.

Azizi has been given the design contract for the residential towers in Dubai South.

For the precise design of eleven residential towers in its mixed-use development, Azizi Venice, in Dubai South, Azizi Developments has given a contract to the National Engineering Bureau, based in the United Arab Emirates. With more than 400 opulent villas and mansions in addition to over 30,000 residential units dispersed among about 100 apartment buildings, Azizi Venice is a high-end...

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