The Lua Residences project in Mohammed bin Rashid City, Meydan, was revealed by Swank Development. It is anticipated that the project will cost more than Dh320 million. Read this also: In Dubai South, brand-new luxury residences are opening. Swank’s initial endeavor is consistent with Dubai’s overarching real estate strategy. Only 42 villas, with four to six bedrooms, are available at Lua Residences. Each villa has a luxurious interior to accommodate the various needs of its occupants. The property is in a great position, close to some of Dubai’s most famous attractions. Many outdoor amenities are available in this gated community, such as large open areas, a crystal lagoon, sports facilities, a mosque, grocery stores, retail stores, schools, and clinics. Read this also: A step-by-step guidance on updating your bank’s Emirates ID A range of premium features that improve the quality of life will be included in every villa unit, including private pools, interior elevators, landscaped gardens, and cutting-edge solutions like smart home technology and environmentally friendly practices. Read this also: How can you update your birth certificate from the United Arab Emirates after moving? Swank Development‘s managing director and board member, Moustafa Elsaid, said: “We are witnessing a growing demand for high-end residential units as Dubai continues to thrive as one of the happiest and safest cities in the world, and with its remarkable ability to attract top investors from around the globe.” This has motivated us to establish a project that reflects Dubai’s essence of luxury, elegance, and pragmatism in order to demonstrate our capabilities and grow the residential development industry. Read this also: Majid Al Futtaim introduces the idea of a forest-living community in Dubai. The company’s goals with this project are to become well-known in the Emirati real estate industry, draw in more investors, and succeed on a local and regional level. Elsaid came to the conclusion that Swank Development is presently in the design and planning phases of an impending project that would be revealed shortly, and that the company plans to increase the size of its real estate holdings by purchasing more property for future projects.

South Living, a project of premium apartments in Dubai South’s Residential District, was revealed on Tuesday by Dubai South Properties. With 209 roomy apartments—studios, one-, two-, and three-bedroom houses as well as special-terraced units—South Living offers a range of indoor and outdoor living options. Read this also: A step-by-step guidance on updating your bank’s Emirates ID With its finely done finishing and well planned amenities, the new property promises to improve the quality of life. A number of high-end features will be available to residents, such as a BBQ area, a gazebo seating area, a children’s library, a fitness center, a sauna, a multipurpose room, an elevated garden with gorgeous landscaping, and a swimming pool and deck area. Read this also: How can you update your birth certificate from the United Arab Emirates after moving? “Dubai South is rapidly becoming a key location of choice, attracting increased interest due to its strategic position and comprehensive lifestyle offerings,” stated Nabil Al Kindi, CEO of Dubai South Properties. Following the unveiling of Al Maktoum International Airport, astute investors who stand to gain from this prospect are expected to show interest. After the airport opens, Dubai South Properties is dedicated to meeting the government’s goal of housing one million people while also providing superior profits for our investors. Read this also: Majid Al Futtaim introduces the idea of a forest-living community in Dubai. “By introducing a development that will focus on lifestyle amenities that elevate the luxuriousness of the property, we are directly addressing market demand with this new project.” Our objective is to satisfy the various demands of our clients and investors while establishing Dubai South as a location that fulfills their dreams. He continued. Read this also: Nearly two-thirds of global HNWIs are interested in acquiring a branded residence in Dubai Over 25,000 people live in the Residential District. The Residential District has been improved by master developer Dubai South with features that cater to the comfort and convenience of its residents. These features include public parks, sports courts, retail stores, a 50,000-square-foot hypermarket, a mosque, and a gas station. In addition, a high-end school with a British curriculum is under development, and enrollment will commence soon. Expo Metro station is easily accessible by the RTA public bus network.

Has your bank texted you to let you know that you need to update your KYC (Know Your Customer) information? It’s crucial that you pay attention to this notification if your Emirates ID is about to expire because continuing to access your banking services without interruption depends on updating your KYC information. Read this also: Majid Al Futtaim introduces the idea of a forest-living community in Dubai. Many banks in the UAE now provide their customers with the option to complete the KYC procedure fully online, doing away with the requirement to physically visit a bank branch with the required documentation and streamlining the process for them. The different ways that banks allow their clients to update their information are described below. Why is it so crucial to update your Emirates ID? Read this also: How can you update your birth certificate from the United Arab Emirates after moving? Customers are required by the Central Bank of the United Arab Emirates to update their bank accounts with the most recent information related to their Emirates ID. Access to necessary banking services, such as ATM cash withdrawals, debit or credit card transactions, and other personal financial services, will be lost if this isn’t done. In order to guarantee that banks in the United Arab Emirates follow the rules established by the Central Bank of the UAE and Anti-Money Laundering (AML) standards, the Know Your Customer (KYC) procedure is essential. Customers should update their Emirates ID information as soon as possible in order to stay compliant and keep receiving smooth banking services. Read this also: Nearly two-thirds of global HNWIs are interested in acquiring a branded residence in Dubai Documents and information needed A link to the e-KYC form or instructions on how to update your KYC with your new Emirates ID information will be sent to you by many banks by text message or email. These are the files that you would have to upload in order to comply with the bank’s KYC requirements: Updated copy of Emirates ID Passport visa for residency Utility bills or tenancy agreements serve as proof of residency. Origin of income Read this also: Seasoned industry professionals start a new real estate company It is important to realize that depending on the bank, different documents could be required. Most banks will accept papers that have been scanned in JPG, PNG, PDF, or JPEG formats. Three easy steps to update your Emirates ID’s KYC information 1. The bank’s online banking website or mobile application Updating your identity information directly through a bank’s website or mobile app is convenient for many. To update your ID data, just log in to your account, go to your profile settings, and choose the appropriate option. You will be asked to scan or upload clear images of your Emirates ID’s front and back, along with any other necessary paperwork. You might also need to update your ID and submit details about your income, employment history, mobile number, email address, and residence address. You will receive a notification verifying that the bank has successfully updated and approved your Emirates ID once you have finished all required processes. 2. Cash Machine Visiting an ATM offered by specific banks, including Mashreq and Emirates NBD, is an additional choice. For a seamless process, adhere to following steps: Find the closest ATM to your bank in your area to start. Go inside the ATM with your debit or credit card. Put in your authentication code or PIN. To update your Emirates ID, navigate to the requests or profile area and pick it. Take out your debit or credit card and place your Emirates ID inside. When the short waiting period is over, retrieve your Emirates ID card. After that, the ATM will show your name and ID number along with other Emirates ID details. Verify the details. You could be required to provide an OTP (one-time password) that was texted to your registered cellphone number via SMS, depending on your bank. 3. Visiting a call center or bank branch ertain banks allow consumers to update their KYC information via their customer service hotline for your convenience. If you would rather receive help in person, you can go to a bank location. Bring your updated Emirates ID in its original form or a clear copy of it, together with any other paperwork that may be required. Please be advised that many banks in the United Arab Emirates are open from Monday through Saturday until 2:00 pm, with an early closing on Fridays at 12:30 pm.

In Dubai, Majid Al Futtaim has formally unveiled the concept of Ghaf Woods, a neighborhood resembling a forest. At the international real estate show MIPIM 2024 in Cannes, France, earlier this year, the construction was unveiled. Read this also: How can you update your birth certificate from the United Arab Emirates after moving? Majid Al Futtaim Properties CEO Ahmed El Shamy stated: “Majid Al Futtaim is celebrating an important milestone with the launch of Ghaf Woods.” This launch marks a re-founding moment for us to create something never seen before and offer residents a truly unique experience, reaffirming our position as the region’s lifestyle pioneers as we enter the fourth decade of creating great moments for our customers, partners, and community members. Read this also: Nearly two-thirds of global HNWIs are interested in acquiring a branded residence in Dubai 738,000 square meters of land off the Sheikh Mohamed bin Zayed Highway, close to Global Village, will be home to Ghaf Woods. The project will have more than 7,000 luxurious apartments tucked away in forests with breathtaking views of the forest’s ecology. With its 35,000 trees, the forest contributes to lower temperatures, less soil erosion, and water conservation. By eliminating pollutants and greenhouse gases, it also makes a substantial contribution to improving air quality. This creates a “Green Lung” that can produce air that is up to 20% cleaner than that of previous developments. Read this also: A British car company joins the UAE real estate scene With 15 square meters of open space per person, the neighborhood surpasses World Health Organization guidelines, which require 10 square meters. Along its network of interconnecting, forest-lined trails, Ghaf Woods offers health, wellbeing, and relaxation to over 20 different bird species. There are resort-style, forest-edged swimming pools for adults and children, as well as eight kilometers of walking trails and a 3.5-kilometer bicycle circle for locals to enjoy.

A child’s birth certificate is an essential document that they will require for school admissions, residency permits, and health insurance, among other things, throughout their life. However, what would you do if the birth certificate needed to be altered? Read this also: Nearly two-thirds of global HNWIs are interested in acquiring a branded residence in Dubai Maybe the name of your child was changed later in life, or perhaps there was a typo that has to be fixed. The Ministry of Health and Prevention (MOHAP) issues birth certificates in the United Arab Emirates, and the appropriate health center can handle requests for any necessary modifications. It is still possible to amend your birth certificate even if you no longer live in the United Arab Emirates. If you are a former expat in the United Arab Emirates, this tutorial will explain how to change your child’s birth certificate and cover any differences that might be relevant. Read this also: A British car company joins the UAE real estate scene Changing a birth certificate In the Emirate where your child was born, you can go to a public health center and request revisions to your child’s birth certificate. As an alternative, you can apply online at mohap.gov.ae, the website of the Ministry of Health and Prevention (MOHAP). The following is a step-by-step tutorial to assist you with the procedure: Go to mohap.gov.ae and use UAE Pass to log in. You will need to use the web authenticator code to authenticate yourself if you are using the desktop version. Under “services,” select “individual services,” and then select “Modification of birth certificate details.” Read this also: Seasoned industry professionals start a new real estate company Select “Start service.” After being sent to your dashboard, click on “Modification of birth certificate details.” On the top of the birth certificate, enter the Qaid number and the birth registration number. Enter the birthdate of either the mother or the father, then select “Search.” The file that matches these details will be shown by the system. Select the “create” option from the file list. Click the “edit” button to make a request to change information such the parent’s name (in Arabic or English), nationality, religion, or the child’s name, gender, or date of birth after the system has refreshed. Publish the accompanying documentation for the suggested adjustments. Pay Dh65 (for Arabic and English) or Dh130 (for Arabic), which covers the cost of the courier. In accordance with MOHAP regulations, your amended birth certificate will be sent out in two working days. Read this also: The Complete Guide to Cryptocurrency Investment in Dubai’s Real Estate Market You can quickly and easily apply for changes to your child’s birth certificate by following these steps. Documents needed In the event that you would rather apply in person at a health center than online, please make sure you have the following paperwork with you: – Original passports, duplicates of each, and Emirates IDs and residence cards for foreign nationals. – The original marriage license, duly documented if it was obtained outside of the United Arab Emirates. – The original birth certificate, or in the event that it is lost, a police statement. – Letters from the Consulate and the appropriate court must be submitted when obtaining a name change. Read this also: UAE Property: “My tenant is paying low rent, so I can’t find a buyer.” Can the birth certificate be amended if one is no longer residing in the United Arab Emirates? The public health center in the Emirate where the birth occurred is the place where people who want a birth certificate must go, according to the Ministry of Health and Prevention (MOHAP). The applicant must give a Power of Attorney to a representative in the UAE to apply on their behalf if they are not presently in the nation. For help with the application process, getting in touch with their embassy in the UAE is an additional choice. Required documentation: a letter of power of attorney How can someone locate a MOHAP health facility in their area? Several health centers are jointly managed by Emirates Health Services (EHS) and the Ministry of Health and Prevention (MOHAP) in each of the United Arab Emirates’ emirates. You can call the MOHAP call center at 800 111 11 to find the closest health center.

According to a research issued on Tuesday, an incredible 69% of high net worth individuals (HNWIs) worldwide are interested in buying a branded residential property in Dubai, up from 59% in 2023. In contrast to HNWI expats residing in the GCC (46%), non-GCC-based HNWIs are more likely to wish to own a branded home in the emirate (83%), according to Knight Frank’s second annual 2024 Destination Dubai survey. Read this also : A British car company joins the UAE real estate scene 317 HNWIs—217 international and 100 HNWI expats residing in the GCC — were polled by Knight Frank to find out more about their views, desires, and goals regarding real estate investment in Dubai. The HNWI respondents own 1,149 houses globally and have a collective net worth of $5.4 billion. Partner for luxury brands for Middle East and North Africa (Mena), Lars Jung-Larsen stated: “Luxury branded residential operators, like the Ritz Carlton, Bulgari, Dorchester Collection, and Four Seasons, are all moving to capitalise on the demand for high end homes in Dubai. Branded residences offer access to a luxury lifestyle that is now synonymous with Dubai.” Read this also : Seasoned industry professionals start a new real estate company The record Dh16,283 per square foot that was achieved in the summer of 2022 for a 6-bedroom Bulgari Ocean villa is indicative of the depth of demand for such residences. A major characteristic of the third freehold residential market cycle in the emirate, according to Knight Frank, has been a rise in the amount of acquisitions made by actual end users, such as individuals seeking a second or vacation property. The city’s branded residential marketplaces also show this tendency. Read this also: The Complete Guide to Cryptocurrency Investment in Dubai’s Real Estate Market According to Faisal Durrani, partner and head of research at Mena, 14% of high net worth individuals (HNWIs) would prefer to have a branded apartment in Dubai as their primary residence, and 22% of those with a net worth of more than $15 million would like to do the same. This is consistent with our research with the ultra-high net worth community, who seem to have a preference for buying the priciest residences in Dubai and establishing the city as one of their numerous international bases. In fact, a quarter of HNWIs would use a branded residential purchase in Dubai as a retirement residence, while twenty-three percent would use it as a vacation or second home. Elevated standards : A little over a third (36%) of high net worth individuals (HNWIs) think that any branded residential property they buy in Dubai will appreciate in value by 5–10% in the first year of ownership, according to Knight Frank. Among individuals with a net worth of $10–$15 million, 50%, this anticipation is highest. An further 30% of HNWIs based in the GCC, foreign nationals, and HNWIs worldwide anticipate price increases of 10% to 15% for any branded residential purchase in the upcoming year. Read this also: Developers in Dubai Are Penalized for Breaking Real Estate Laws The anticipation among HNWIs for a robust price appreciation of branded houses, according to Durrani, is probably due to the fact that branded residences sold for an 86 percent premium over the rest of the market, as opposed to a 30 percent premium on a global average. According to Knight Frank, the extra features that come with these properties—security, amenities, services, brand-provided quality assurance, ease of adding the property to a rental pool, and lastly, the ability to “lock up and leave” a well-managed property—justify the premium pricing. Nonetheless, given the growing competition in this market, developers will need to put in a lot of effort to demonstrate why this premium is necessary. According to Jung-Larsen, “what sets branded residences apart for the ultra-rich is the feeling of ‘owning a part of a hotel’ having full access to the amenities and hospitality of the hotel, but in your own private environment.” Read this also: The best rental yields are seen in these neighborhoods in Dubai. The branding of a residential property by a non-hospitality company may be the next point of differentiation. Usually, this would be a brand from the jewelry, fashion, or auto industries. This format is exciting because it allows buyers of non-hospitality branded residences to “live the brand” around-the-clock with brand-designed furniture and decor, exciting amenities, hospitality partnerships that align with the brand’s positioning, as well as specialized services and exclusive benefits for members. Based on the analysis conducted by Knight Frank, the most significant aspect for individuals with a net worth over $15 million is “service provision and physical amenities,” ranking at 75%, followed by “brand identity” at 63%. Read this also: Acube’s new real estate project in Dubai features over 50 facilities, such as a beach-themed pool and a miniature water park. Branded residences offer a relatively simple way to experience the “Dubai Life,” and they typically come with access to first-rate facilities and amenities, usually provided by an adjacent upscale hotel. Big spenders Shehzad Jamal, partner, strategy & consultancy, Middle East and Africa, elaborated. Additionally, owners can benefit from first-rate amenities and property management, which is important for people who don’t live in Dubai and need reassurance that their asset is being handled with the highest care. According to research conducted by Knight Frank, most expat HNWIs in the GCC would rather spend comparatively little on branded residential real estate in Dubai. Indeed, ninety-one percent of this group plans to purchase a branded residential property in Dubai for between $600-999 per square foot (psf). For this category, the average budget is somewhat less than $950 per square foot. Conversely, nearly one-fifth (17%) of global HNWIs are willing to pay more than $5,000 per square foot for a branded home in the emirate. For those with a personal worth of more than $20 million, this percentage increases to 23%.  

The renowned British ultra-luxury carmaker Aston Martin, which has appeared in James Bond movies, declared its debut in the UAE’s luxury branded housing sector on Tuesday. Read this also: Seasoned industry professionals start a new real estate company A new beachfront home building called “The Astera, Interiors by Aston Martin” has been revealed on the Al Marjan islands in Ras Al Khaimah by Dar Global, a premium real estate developer listed in London. After the successful opening of the Aston Martin Residences in Miami and other high-profile design partnerships in the US and Japan, the project, which has a total Gross Development Value of Dh900 million (.£200 million), represents the first time the Aston Martin design team has applied its expertise to real estate development in the Middle East. Read this also: The Complete Guide to Cryptocurrency Investment in Dubai’s Real Estate Market The Astera’s interiors will feature the carmaker’s characteristic fusion of high-performance precision craftsmanship and sophisticated design, and it is situated next to the much-anticipated Wynn Resort. With completion anticipated by December 2028, the waterfront property has the ability to establish itself as a new icon in the Arabian Sea. Large one-, two-, and three-bedroom apartments as well as three-bedroom villas will be available in the development, along with the bonus of a quiet private beach. Read this also: Developers in Dubai Are Penalized for Breaking Real Estate Laws “The launch of this much-awaited residential property furthers our brand vision to curate a breathtaking living experience for our exclusive clientele,” stated Dar Global CEO Ziad El Chaar. Dar Global’s proficiency in offering outstanding investment options through luxury residences for global people, along with the tradition, innovation, and design mastery of this great British label, marks yet another glorious chapter in our trajectory to success. Read this also: The best rental yields are seen in these neighborhoods in Dubai. “The Astera celebrates our partnership with Dar Global, bringing together two ultra-luxury lifestyle organizations with a shared passion for combining traditional craftsmanship with innovation and cutting-edge design,” said Stefano Saporetti, director of brand diversification at Aston Martin. We are really excited about the new luxury destination of Al Marjan Island, which also happens to be Aston Martin’s first real estate partnership in the Middle East. The will integrate Aston Martin’s brand to a beachside lifestyle setting and further elevate it.