June 2024

Seasoned industry professionals start a new real estate company

Seasoned industry professionals start a new real estate company

Constructed in the United Arab Emirates by seasoned professionals from the real estate and trade sectors, Svarn Developments is poised to contribute over 50 years of experience to the rapidly evolving real estate landscape of the UAE. Svarn joins the market with a pledge to invest more than half a billion dirhams in important, up-and-coming areas such as Majan, Dubai Maritime City, and Dubai South....

Impact of Economic Policies on Dubai Real Estate

The Complete Guide to Cryptocurrency Investment in Dubai’s Real Estate Market

Dubai, a world financial center, with ultra-modern architecture, and opulent lifestyle, is quickly emerging as a bitcoin hotspot for real estate investments. An increasing number of investors are attempting to diversify their portfolios by buying homes with digital assets as cryptocurrencies like Bitcoin and Ethereum become more widely accepted. This is your comprehensive guide on using cryptocurrency to...

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Developers in Dubai Are Penalized for Breaking Real Estate Laws

Three real estate developers in Dubai were recently fined Dh500,000 apiece for marketing and promoting properties without following the required registration processes for off-plan buildings. This was the result of an enforcement action. The severity of this fine emphasizes how crucial it is to abide by Dubai's strict real estate regulations, which are intended to safeguard investors and preserve the...

The best rental yields are seen in these neighborhoods in Dubai.

The best rental yields are seen in these neighborhoods in Dubai.

The strongest rental returns for inexpensive property buyers, at up to 11%, are found in apartments in Dubai Investments Park, Discovery Gardens, and Liwan, according to Bayut's most recent report. Based on expected apartment rental yields, Dubai Sports City, Dubai Silicon Oasis, and Motor City have become very attractive possibilities with returns as high as 10%. Read this also: UAE Property: “My...

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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