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145 articles in News

Dubai Emerges as Top Destination for UK Billionaires in 2025
Feb 19, 20263 Min

Dubai Emerges as Top Destination for UK Billionaires in 2025

A new report has revealed a startling trend in the global wealth migration markets: a wave of British millionaires is leaving the UK at the same time that the United Arab Emirates is predicted to overtake all other destinations as the world's most popular destination for wealthy migrants in 2025. The global competition to attract personal capital has entered a new phase, with Dubai and Abu Dhabi leading the way with incentives like tax-free living, golden visas, and legal stability. This seeming contradiction betrays a deeper reality. The UAE's Unprecedented Appeal to the World's Rich By the end of this year, 9,800 new millionaire migrants are anticipated to arrive in the United Arab Emirates, according to the 2025 Wealth Migration Report published by financial intelligence firm New World Wealth and migration consultancy Henley & Partners. The UAE is now more appealing than ever to wealthy people from the UK, India, Russia, Southeast Asia and Africa due to factors like tax-free living, legal reforms and Dubai's golden visa program. Comparison of Millionaire Migration Worldwide With 7,500 incoming millionaires, the United States ranks second among nations that draw the wealthiest people. These millionaire migrants' estimated wealth by nation is as follows: Country

Skyloov Report Reveals UAE’s Top Neighborhoods for Buyers & Renters in 2025
Feb 19, 20263 Min

Skyloov Report Reveals UAE’s Top Neighborhoods for Buyers & Renters in 2025

The UAE real estate market remains one of the most active and most robust markets in the Middle East full stop in its recently released report, the property platform Skyloov, described user activity for the second quarter of 2025, and also provided essential information on certain areas of the market related to buying and renting properties in the main cities of the United Arab Emirates. The report reviewed over 540 million property views and over 44 million user searches. The report very interestingly highlights a clear disconnect in priorities pertaining to buyers versus renters. Renters Look for Accessibility and Affordability Many renters are looking for neighborhoods that provide a combination of affordable rent and access to urban amenities in the current economic climate, as living expenses in Dubai and Abu Dhabi are increasing. Most Searched Areas for Renting in Dubai: International City Deira Bur Dubai Dubai Marina Jumeirah Village Circle (JVC) Areas like JVC are particularly popular with singles, young couples, and small families due to their balance of price and location. Top Rental Areas in Abu Dhabi: Al Reem Island Hamdan Street Khalifa City Electra Street Mohammed Bin Zayed City (MBZ City) These neighborhoods are competitively priced and offer

Dubai's New Property Sale Rule for Foreigners: UAE Bank Account Required
Feb 19, 20263 Min

Dubai's New Property Sale Rule for Foreigners: UAE Bank Account Required

A major regulatory change for non-resident investors is set to take effect in June 2025, according to the Dubai Land Department. This new law stipulates that in order to receive the sale proceeds, foreign real estate sellers in Dubai must have a personal bank account in the United Arab Emirates in their own name. The purpose of this modification is to reduce the possibility of fraud and improve transparency in real estate transactions. It will no longer be possible to issue checks in the name of the seller's attorney or legal representative under a Power of Attorney (PoA). The owner of the property named on the title deed must be paid directly. Changes in the Use of Power of Attorney in Property Sales Although foreign investors can still use a formal Power of Attorney to sell their property, they can no longer receive sale proceeds through the agent's bank account. As Yash Trivedi, CEO of YOUAE Mortgages, stated: “According to the new directive, banks are only allowed to issue cheques in the name of the official property owner, not the PoA holder.” Power of Attorney Approval Can Now Be Completed Online In order to streamline legal processes for foreign property

24% Property Price Growth in Jumeira Bay Surpasses Palm Jumeirah in 2025
Feb 19, 20262 Min

24% Property Price Growth in Jumeira Bay Surpasses Palm Jumeirah in 2025

In 2025, Jumeira Bay Island one of Dubai's most upscale residential coastal communities became the most costly and lucrative place to invest in real estate. Property prices on the island have increased by more than 24% from the previous year, according to the most recent statistical report from real estate consultancy Betterhomes. This remarkable increase distinguishes the island from other upscale neighborhoods like Palm Jumeirah and Bluewaters Island. Jumeira Bay Island's average property price is currently AED 4,122 per square foot, up from AED 3,313 the previous year. Palm Jumeirah, in contrast, has grown more moderately, by about 5%, to AED 3,668 per square foot. Why Foreign Buyers Are Increasing Their Interest in Jumeira Bay According to Betterhomes' analysis, a number of significant factors are to blame for this extraordinary price increase in Jumeira Bay: Villas and plots on this private island are in limited supply. Luxurious coastal attractions and an exclusive lifestyle Several high-value deals by foreign investors totaling more than AED 100 million Dubai's rising demand for opulent beachfront living Jumeira Bay is currently the most popular area in Dubai for buyers looking for ultra-luxury real estate due to its central location, close proximity to the Bulgari Resort,

Dubai's Housing Market Booms with 300,000 New Units by 2028
Feb 19, 20264 Min

Dubai's Housing Market Booms with 300,000 New Units by 2028

Dubai's residential real estate market is still growing and stable, despite the fact that many real estate markets around the world are struggling with economic pressures and dwindling demand. By drawing in foreign investors and growing its development projects, the emirate has been able to defy global trends and open the door to a more promising future in housing. Ambitious Goals Supporting Sustainable Growth By the end of 2025, approximately 73,000 new residential units are anticipated to be delivered in Dubai, per a report by the consulting firm Cavendish Maxwell. Additionally, the emirate has set a lofty goal to add 300,000 new units by the end of 2028, which would be one of the biggest residential expansions in Dubai's history. The first quarter of this year saw 42,000 real estate transactions valued at AED 114.4 billion, representing a 23% increase year over year, despite a slight 10% decline in transaction volumes when compared to Q4 2024. 95 New Initiatives Started in the First Quarter of 2025 In the same time frame, 95 new projects were introduced in Dubai, bringing a total of 29,000 residential units to the market. 9,300 of these have been finished. Eighty percent of these residences were

Stunning Real Estate Boom in Dubai South Driven by Al Maktoum Airport Expansion
Feb 19, 20263 Min

Stunning Real Estate Boom in Dubai South Driven by Al Maktoum Airport Expansion

With the launch of the massive AED 128 billion expansion project for Al Maktoum International Airport (DWC), Dubai South is rapidly emerging as one of Dubai’s most important new real estate hubs. In addition to increasing passenger handling capacity to 260 million per year, this infrastructure upgrade has caused a significant increase in demand for real estate purchases and rentals in the region. Competitive Pricing: An Excellent Chance for Investing The average price of real estate in Dubai South and the surrounding areas is still about 60% less than that of central locations like Downtown or Business Bay, where prices range from AED 2,000 to 2,500 per square foot. For example, the average sales price in Dubai Investment Park is approximately AED 850, while in Dubai Industrial City it is approximately AED 750. Both long-term investors and end users have flocked to the area because of this price differential. Increase in Rentals and Sales of Real Estate Real estate deals in Dubai South totaled more than AED 16.1 billion in 2024 alone. It's interesting to note that they have already exceeded AED 15 billion in the first five months of 2025. Monthly increases in demand for purchases and rentals have

Dubai Metro Blue Line Construction Begins with Sheikh Mohammed
Feb 19, 20263 Min

Dubai Metro Blue Line Construction Begins with Sheikh Mohammed

Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and prime minister and ruler of Dubai, laid the foundation stone for the first station of the Dubai Metro Blue Line in an official ceremony on Monday, June 9, 2025, marking one of the city's most important infrastructure projects. This new line, known as the "Blue Line," will be crucial in connecting different areas of the city and is expected to be operational by September 9, 2029. The project represents a significant advancement in fortifying Dubai's public transit system . Emaar Station: The World’s Tallest Metro Station The unique design of Emaar Station was also unveiled during the ceremony. At 74 meters, it will be the tallest metro station in the world. The building's golden cylindrical shape, adorned with intricate patterns, is a symbol of the splendor of modern architecture in Dubai. The station was designed by the renowned American firm Skidmore, Owings & Merrill (SOM), which is in charge of well-known projects like the New York Olympic Tower, Sears Tower, and the Burj Khalifa. A Significance of the 20th Anniversary of Dubai Metro Interestingly, the official launch of the Blue Line project will coincide with the Dubai Metro's 20th

Ejari Registration via WhatsApp: A Big Leap Toward Real Estate Digitalization in Dubai
Feb 19, 20263 Min

Ejari Registration via WhatsApp: A Big Leap Toward Real Estate Digitalization in Dubai

The Dubai government has once again launched a creative project that gives residents and citizens a fresh perspective on real estate services. Tenants will be able to finish their Ejari rental registration process entirely through WhatsApp beginning in June 2025, eliminating the need for in-person visits. In partnership with the Dubai Land Department (DLD) and the property registration business Injaz, this service is offered via the Aqari platform. Why is Ejari Registration Important? Without an Ejari certificate, many urban services in Dubai are inaccessible. This certificate is necessary for the following reasons and acts as the official record for rental agreements between landlords and tenants: Using DEWA to activate electricity and water services Contract registration with property management firms defending the rights of renters in future conflicts with landlords In certain situations, facilitating the issuance or renewal of residency visas How Does Ejari Registration via WhatsApp Work? With the launch of this service, users can send the necessary documents to one of the ten official registration companies that have been approved by the DLD via WhatsApp. The following steps are part of the process: delivering a first message to the chosen registration company's WhatsApp number obtaining instructions regarding the necessary

Fahid Island, Abu Dhabi: A Luxury Real Estate Opportunity with 2029 Home Deliveries
Feb 19, 20263 Min

Fahid Island, Abu Dhabi: A Luxury Real Estate Opportunity with 2029 Home Deliveries

Abu Dhabi is still on its path to becoming one of the region's most alluring destinations for real estate investment. Leading developer Aldar recently unveiled Fahid Island , a massive project that offers a new lifestyle amidst Abu Dhabi's azure waters and was designed with a wellness-centered approach. Pricing and Sales Launch After Eid Unit prices in this project will begin at AED 3.5 million for a one-bedroom apartment, firmly placing the venture in the luxury real estate sector. The first phase, Fahid Beach Residences, will boast 7 towers comprising 450 residential units. According to Aldar CEO Jonathan Emery, the first phase will go on sale officially after Eid, and the subsequent phases will be launched continuously after that. The Year 2029: Home Deliveries According to Aldar Development Program Alignment, the first phase may conclude in around three years with keys to the inaugural group of homeowners being distributed by 2029. Eventually, the island will feature over 6,000 residential units, with final phases taking the projects up to 2032 or 2033. Premium Amenities: From a 5-Star Hotel to an International School The island will not be entirely residential. Two high-end hotel developments will be put up on the island, including

The Next Chapter at Jumeirah Golf Estates: Luxury Living in Green Dubai
Feb 19, 20263 Min

The Next Chapter at Jumeirah Golf Estates: Luxury Living in Green Dubai

One of Dubai's most well-known real estate companies, Wasl, recently revealed "The Next Chapter," a new phase for Jumeirah Golf Estates . In addition to greatly enlarging the estate, this massive development makes it one of the most comprehensive locations for luxury and family living in the United Arab Emirates. 12,000 Brand-New Houses in a Green Environment More than 12,300 varied residential units will be spread across six different districts in the new plan, which covers more than 4.68 million square meters. These include: 780 contemporary villas 62 opulent mansions in high places 97 branded homes from well-known brands 752 roomy family residences 10,654 apartments in cities With a harmonious blend of modern architecture and nature, this new residential area is expected to house over 51,000 people, further cementing its place as a standout in the landscape of Dubai real estate . Beyond Expectations: Contemporary Lifestyle Amenities Among the project's noteworthy amenities are: A five-star resort in the Mandarin Oriental A professional training academy and an 18-hole golf course The biggest tennis stadium in Dubai, which can accommodate 5,000 people An equestrian facility that can accommodate events involving show jumping A 131,850-square-meter central park Trails for bicyclists and pedestrians via

DAMAC and Chelsea Partner to Launch Dubai’s First Football-Themed Luxury Homes
Feb 19, 20263 Min

DAMAC and Chelsea Partner to Launch Dubai’s First Football-Themed Luxury Homes

An international partnership has been announced between Chelsea Football Club and DAMAC Properties, one of Dubai's most well-known luxury real estate developers . Chelsea FC's official brand will be used to launch Dubai's first football-themed residential complex as part of this partnership. Maritime City's Chelsea Residences Are Unveiled The DAMAC-named Chelsea Residences project, which will have more than 1,400 opulent sea-view apartments, is situated in the burgeoning Maritime City neighborhood. The Chelsea lifestyle, sports, and wellness will all be incorporated into the development's design. The Chelsea brand will be "interwoven" into every facet of the project, including concierge services, professional sports facilities, and custom lifestyle amenities for residents, according to DAMAC. DAMAC Logo to Feature on Chelsea’s First Team Kit The deal stipulates that the Chelsea men's first team uniform will bear the DAMAC logo for the balance of the 2024–2025 campaign. The UEFA Europa Conference League semi-final is when the jersey is expected to make its debut. Blending Chelsea’s Legacy with a Luxury Lifestyle Amira Sajwani, Managing Director of Development and Sales at DAMAC, commented: “This launch marks the first of an elite collection that celebrates not just the passion of Chelsea FC but its enduring legacy, innovative spirit

The UAE Real Estate Market Draws International Investors Due to Trump's Trade Tariffs
Feb 19, 20263 Min

The UAE Real Estate Market Draws International Investors Due to Trump's Trade Tariffs

Global investors are focusing on the UAE real estate market, especially in Dubai, as Donald Trump's trade policies become more aggressive and the value of the US dollar declines. According to reports, a substantial increase in foreign investment is anticipated in the market over the next few weeks and months, which could signal a sea change in the direction of real estate investment in the Emirates . Dollar Decline: An Opportunity for Global Buyers The decline of the US dollar and as a result, the UAE dirham which is pegged to it—has provided foreign buyers with cheaper property valuations in the UAE. Investors from Europe, Russia, India and several Asian countries have increasingly viewed Dubai as a place to invest in property. Chris Whitehead, CEO of Dubai Sotheby’s, told Arabian Business: “Any drop in currency value tends to drive demand in the UAE from overseas investors,” New UK Tax Regulations Encourage Investment in the Gulf In addition to a depreciating currency, UK tax regulation changes for non-residents have resulted in wealthy Britons relocating real estate investments to the UAE. The Emirates offers a safer location for asset preservation due to its lower tax structure and low customs duties (about 10%

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