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...

Launched recently, La Maison Amal emerges as a beacon of wellness in Dubai's prestigious Al Barari neighborhood, poised to make waves in the emirate's real estate landscape. Read this also : Qatar Residential Market Holds Steady in Q4: Insights from ValuStrat This five-bedroom residential gem is celebrated for seamlessly blending opulent living with tranquility and a focus on well-being. Maria...

The residential sector in Qatar maintained its stability throughout the fourth quarter (Q4) of 2023, as indicated by the ValuStrat Price Index (VPI). Notable increases in prices were observed in areas like West Bay Lagoon and Muaither, rising by 1% compared to the previous quarter. The addition of 795 houses during Q4 2023 pushed the residential stock past 343,500...

In a significant milestone for the upscale development, The Burj Binghatti Jacob & Co. Residences, Dubai-based developer Binghatti has joined hands with globally acclaimed high jewelry and watchmaking brand Jacob & Co. Nearly 50% of the project has been sold within just nine months since its sales launch. Read this also : Dubai Population Surges: A Look into the First Quarter of...

Dubai's dynamic landscape witnessed a remarkable surge in population during the initial quarter of 2024, with an impressive increase of over 25,700 residents. This spike can be attributed to a multitude of factors, prominently the influx of foreign investors and laborers into the thriving emirate. Read this also : Understanding Dubai’s Vehicle Black Points System: Duration and Prevention...

The implementation of Dubai's black point system by the Dubai Police aims to foster safer driving habits among motorists. However, accruing excessive black points can lead to severe penalties such as vehicle confiscation or license suspension. It's crucial to understand that these points are not permanent and can be mitigated. In this article, we delve into the duration of black points and offer insights...

Industry experts convened at a panel discussion foresee continued growth in the UAE's real estate market throughout 2024, despite global economic uncertainties. Projections indicate that Dubai and Abu Dhabi will collectively contribute approximately 34,000 and 8,000 units, respectively, to the burgeoning real estate landscape. Read this also : Zayed Housing Programme: A Key Contributor to Housing...

In 2023, the Sheikh Zayed Housing Program made significant strides in addressing housing needs, issuing a total of 4,334 decisions amounting to AED 3.34 billion. These decisions included 1,025 housing grants totaling AED 682.3 million and 3,015 housing finance decisions totaling AED 2.38 billion. Read this also : Dubai to Allocate 15% of Property Sales to Emirati Brokers Mohammed Al Mansoori,...