Introduction In alignment with Dubai’s Economic Agenda D33, aimed at transforming Dubai into a major innovation hub, the Dubai Land Department (DLD) has launched the Real Estate Evolution Space Initiative – ‘REES’. This initiative is set to unite thought leaders and industry professionals to drive significant progress and redefine the urban landscape. Read this also : Arim Neighborhood Will...

Question: My landlord recently passed away, and now a rental company manages his properties. They sent me a notice stating that my next rent will be Dh65,000 per year, marking an increase of 46%. Is the rental company legally allowed to impose this increase? Please advise. — NA, Dubai. Read this also : Dubai Leads the Middle East with 72,500 Millionaires Answer: Before I address your question, I...

Dubai residents who have been impacted by heavy rain can now seek help for property damage using a dedicated WhatsApp support number. This move comes under the directive of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ensuring authorities are prepared for severe weather. Read this also : Palm Jumeirah Villas See 63% Rent Surge in Q1 2024 The Mohammed bin Rashid Housing Establishment’s...

To enhance job opportunities for residents, the Dubai Land Department (DLD) announced a groundbreaking initiative on Sunday. The department has entered into agreements with nine prominent developers, both private and government-backed, to reserve a specific percentage of their projects for sale through Emirati brokers. Read this also : Expo Sharjah Plans Expansion to Attract New Exhibitors and Boost...

If your rental contract is up for renewal, you may be wondering whether your landlord will raise your rent. In Dubai, tenants are notified of any rent increases in advance, by the emirate’s rental laws. The Dubai Land Department (DLD) also regulates the amount by which rent can be increased. How to check the amount of increase – Rera Rental Index If you are curious about potential rent increases,...

In 2023, the Dubai Land Department (DLD) celebrated an unprecedented achievement, recording a staggering 1.6 million transactions across various real estate activities. This remarkable figure represents a substantial increase of 16.9% compared to the previous year, highlighting Dubai's robust real estate market. Read this also : Transferring Property to Family Members in Dubai: A Comprehensive...

DMCC, a flagship free zone and Government of Dubai Authority on commodities trade and enterprise, is expanding its real estate portfolio with the commencement of the second phase of Uptown Dubai. The groundbreaking ceremony, led by Swissboring Overseas Piling Corporation for foundation and enabling work, marks a significant milestone in the development. Read this also : Yas Holding’s Taraf Launches...

In a recent update from Dubai's Land Department (DLD), the real estate sector showcased robust activity on January 16, witnessing a total of 525 sales transactions valued at AED 1.54 billion. The day also saw 127 mortgage deals amounting to AED 226.51 million and 19 gift deals totaling AED 89.9 million. Reas this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market...

Dubai's real estate market witnessed a remarkable surge on Wednesday, as reported by the Dubai Land Department (DLD). The data reveals a total of 494 sales transactions, amounting to AED 2.18 billion. In addition, the day recorded 101 mortgage deals, totaling AED 1.07 billion, and 42 gift deals reaching a sum of AED 787.19 million. Read this Also : Discover the Anticipated Hotels in Dubai Set to Open in...

As 2023 draws to a close, Dubai's real estate market is poised for a triumphant finale, with property sales expected to soar beyond AED 400 billion ($108.9 billion), according to a recent analysis. W Capital, a Dubai-based real estate brokerage firm, reports that the cumulative value of property sales since January 2023 has already surpassed AED 393 billion and is projected to climb even higher in the...