In a pioneering move, the Real Estate Registration Department in Sharjah has become the first government entity in the emirate to offer access to property ownership deeds through the UAE Pass digital platform. This innovative service allows customers to securely store ownership and usufruct deeds directly in their digital wallets within the UAE Pass mobile application. Read this also : Ajman Real Estate...

In March 2024, the real estate sector in Ajman experienced a substantial surge, with transactions totaling AED 1.46 billion, marking a noteworthy increase of over 49.9% compared to the same period in 2023. Engineer Omar bin Omair Al Muhairi, the Director General of the Department of Land and Real Estate Regulation in Ajman, revealed that 1169 transactions took place during this period. Notably, the Al...

Two prominent players in Egypt's real estate sector, Arab Contractors and El Attal Holding, have joined forces through strategic partnership agreements aimed at advancing a diverse portfolio of property projects across the country. Ahmed El Attal, Chairman of El Attal Holding, emphasized the significance of this collaboration, citing the company's rich heritage and extensive expertise spanning over 76...

A significant number of newly arrived residents in Dubai, particularly those in their 20s or early 30s, are increasingly opting for co-living spaces as their preferred choice of accommodation. Market sources indicate a growing trend towards co-living rentals, with lease rates showing signs of stabilization in response to this heightened demand. Read this also : Dubai International Airport Tops List as...

Dubai International Airport has been crowned the "most luxurious" airport globally, as announced by travel experts All Clear Travel Insurance. This prestigious accolade follows a meticulous evaluation of over 1,800 airports worldwide, with Dubai emerging triumphant for its unparalleled luxury offerings. Read this also : Exclusive Residential Towers Unveiled at Marasi Bay by...

In a groundbreaking development at Marasi Bay, Dubai, renowned British architectural firm Foster + Partners has revealed its visionary designs for two luxurious residential towers named Vela and Vela Viento. Spearheaded by developer Omniyat, the project epitomizes opulent waterfront living, offering direct access to the marina and a picturesque waterfront promenade. Read this...

The sale of a villa worth AED 148 million in Emirates Hills has clinched a new record for real estate transactions in Dubai. This sprawling estate, boasting 19 bedrooms, fetched the fourth-highest price ever recorded for a home in Emirates Hills. Read this also : New Procedure for Dubai Landlords Seeking Rent Re-Evaluation Managed by Dubai Sotheby’s International Realty, this opulent villa now...

Dubai landlords now have a new process in place if they wish to seek a rent re-evaluation, as announced by the Real Estate Regulatory Authority (RERA). Instead of relying solely on the most recent Rental Index update, landlords have the option to request a higher rental amount, but with a significant change in the procedure. Read this also : More tenants are turning into...

In the first quarter of 2024, the demand for ready properties surged in the United Arab Emirates, driven by an increasing number of tenants opting for ownership over rising rentals. Unlike the first quarter of 2023, which witnessed a surge in off-plan transactions, the first quarter of 2024 saw robust demand for existing projects in both Dubai and Abu Dhabi, according to data released by Property...

Dubai South Properties has awarded a lucrative contract worth AED 1.50 billion to Al Kharafi Construction Company for the construction of the third, fourth, and fifth stages of the South Bay project. The fourth phase of the project, spearheaded by Al Kharafi Construction, is already underway and slated for completion in the first quarter of 2027. This phase will comprise 138 units, including five...