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 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...

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...

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 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...

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...

Due to strong demand and a shortage of high-quality inventory, retail rents in Dubai and Abu Dhabi have increased by double digits in recent months. CBRE Middle East reports that while rentals in Dubai increased 10.5% in the first quarter of the year, they increased 14.7% in the UAE capital. The real estate services company claims that multinational retail brands hoping to break into the local...

After Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah, elites seeking to settle in Dubai have turned to Jumeirah Islands as a new hunting area. The Islands accounted for more than 10% of sales totaling more than Dh10 million in the last three years, according to international real estate consultancy Knight Frank, indicating that the region may hold its value and develop into a desirable...

According to property expert Asteco, Abu Dhabi's residential sales market is exhibiting encouraging signals of development shortly, with a modest rising trajectory projected in the next months. Meanwhile, Dubai's real estate market has remained resilient in the first three months. According to Asteco’s Q1 2024 real estate research, Dubai’s robust economic performance and dedication to enhancing...

Do you have any plans to relocate to the UAE? With the aid of this all-inclusive book, you will be able to locate your dream apartment and comprehend the legalities associated with renting in the nation. Budget and expenses: Security deposits and upfront payments It's crucial to consider the one-time expenses of renting in addition to the annual rent after choosing the perfect house. Read this...