All Articles – Dubai Real Estate Blog - Page 18

401 articles

Feb 19, 20265 Min

140% Surge in Dubai’s Luxury Beachfront Villas; Supply Shortage Fuels the Market

The growth in terms of prices of the luxury beachfront properties in Dubai has been remarkable compared to the rest of the residential properties in Dubai. According to the latest reports available in the industry, it has been noted that the prices of luxury villas in the coastal areas have risen by more than 140%. In addition to this, it has also been noted that the scarcity of land has led to an increase in the prices of these luxury villas to even higher levels. According to the executives of the real estate industry, it has been noted that the prices of these luxury beachfront properties in certain areas of Dubai are sold for a price that is 60% higher than the price of similar kinds of luxury properties that are not located on the beachfront. In such a market, the purchase of waterfront land in Dubai for investment purposes has gained much attention due to the perception of the rarity of the asset. Palm Jumeirah: The driving force behind Dubai’s luxury beachfront market growth Among the different areas, Palm Jumeirah has shown outstanding results during the past five years. As Farooq Syed, CEO of Springfield Properties, stated, “In Palm

Feb 19, 202614 Min

Buying property in instalments in Dubai

How acquainted are you with the process of purchasing property in Dubai using instalments? The United Arab Emirates is often regarded as one of the world's most alluring locations for doing business. Participating in several investment programmes may obtain permanent residency in the UAE. These instalment purchase programmes for Dubai real estate are available for individuals such as international investors, business owners, professionals, students, and researchers. In this piece, we are going to instruct you on the best practices for buying property in instalments in Dubai . Quick Review of the Key Points: Buying property in Dubai through installment plans has rapidly grown in popularity due to its ease of obtaining residency. The UAE government offers four main installment schemes, including post-handover payments, 10/90 plans, construction-period payments, and rent-to-own options. The number of projects with long-term installment plans has increased significantly in Dubai in recent years. Purchasing a property worth AED 750,000 remains the primary requirement for obtaining a two-year UAE residency. Under the new 2022 regulations, buying property valued at over AED 2 million makes applicants eligible for the Golden Visa. Non-resident buyers can take possession of the property by paying 50% of the total price and continue paying

Feb 19, 20268 Min

Dubai Creek Tower vs Burj Khalifa: Complete Comparison

Until recently, Burj Khalifa was the world's tallest Tower developed by Emaar Properties. You can read all about Emaar's spectacular feats and achievements on the list of property developers in UAE . Currently, Emaar plans to build another architectural wonder called Dubai Creek Harbour, so it's hard to pick a winner. The new Tower is set to be even taller than Burj Khalifa, making it the tallest Tower in the world. It promises to be a stunning landmark, with a design rivaling its predecessor. It will no doubt attract visitors from all over the world. So, below we have made a complete Burj Khalifa comparison with Dubai Creek Harbour and discussed their different features to clarify everything. This will then allow you to decide which is your personal favorite. Here's a complete guide to Dubai Creek Tower vs Burj Khalifa. Dubai Creek Tower, an Architectural Wonder Emaar Properties , the owner of many legendary projects in Dubai, like Burj Khalifa, is now working on an ambitious masterpiece named Dubai Creek Tower. Emaar wants to introduce it as the new tallest building in Dubai and amongst the most famous apartments for sale in Dubai Creek Harbour . This tall building is

Feb 19, 20267 Min

Complete Guide to Purchasing Real Estate in Dubai with Cryptocurrency

As you might have heard, nowadays, people use cryptocurrencies to make deals around the world, even to buy property in different cities like Dubai. There are several ways to invest in Dubai real estate, including the use of Bitcoins, besides cash or mortgages. One of the main advantages of using cryptocurrency to purchase real estate in Dubai is that you can get a residency visa . This visa allows you to stay in Dubai for an extended period and can even be used to apply for a work permit. So, if you have some extra cryptocurrency and are looking for a profitable investment opportunity, check out this guide to purchasing real estate in Dubai with cryptocurrency. Is it Possible to Buy a Home in Dubai with Cryptocurrency? Can I use my Bitcoins to buy property in Dubai and get residency? Fortunately, the answer is yes. These days, cryptocurrencies are becoming more popular, and many people use them in the global payment system. It means it is possible to buy almost anything with cryptocurrencies like Bitcoin. You can use cryptocurrency to purchase property in the best neighborhoods in Dubai , such as Downtown Dubai, Jumeirah, and Palm Jumeirah. These areas are

Feb 19, 20264 Min

Increase in Luxury Property Sales in Dubai; Listings Decline as Demand Outpaces Supply

In the third quarter of 2024, luxury real estate listings in Dubai saw a decline as supply continued to lag behind demand. A significant decrease in the supply of luxury properties along with an increase in buyer demand, especially in popular areas such as Palm Jumeirah, has caused prices to rise sharply. This report examines this trend in more detail and analyzes the factors affecting it. Significant Decline in Transactions in Dubai's Luxury Areas In the city’s prime districts, 400 transactions were recorded in Q3 2024, compared to 489 transactions in Q3 2023. This highlights a reduction in the number of homes available for sale across the city. When comparing Q3 2024 with the same period in 2023, there was a 52% decline in listings across four of the most desirable areas. This suggests that supply has not been able to keep pace with the speed at which properties are being sold. Sharp Decline in $10 Million+ Property Listings Knight Frank reports a significant drop in properties listed for over $10 million, from 3,316 listings in Q1-Q3 2023 to just 1,622 listings in the same period in 2024. However, 92 transactions valued at $10 million or more were signed in

Feb 19, 20263 Min

FAM Holding Achieves First Major Completion of the Year with the Art Tower on the UAE Campus

FAM Holding , UAE real estate developer announces completion of its flagship project – Art Tower . Situated opposite Sahara Mall on Al Nahda Street, this newly constructed residential tower provides breathtaking Sharjah and Dubai panoramic views to a spectrum of residents seeking the perfect combination of convenience, luxury, and location. Specifications of Art Tower Art Tower consists of 160 different types and sizes of residential units to suit different users . Located over 18 residential floors, the tower is known for offering an integrated living experience with several large shopping centers, daily service outlets, and other city life essentials in close proximity. Art Tower Residential Units All units at The Art Tower are of various types – from studio types to one-bedroom and two-bedroom flats that ensure comfort and luxury for each resident. Each apartment showcases modern design principles by integrating contemporary colors with convenient open-plan living to deliver an aspirational lifestyle for residents. FAM Holding: Investor Confidence in Our Projects With its landmark strategic location and towering presence, Art Tower adds to FAM Holding's goal of keeping its promises by delivering all projects on time. This reliable track record of finishing projects on time has further instilled investor

Feb 19, 20266 Min

Living Conditions in Abu Dhabi: A Comprehensive Guide

Abu Dhabi, the capital of the UAE, offers an exceptional blend of modernity and tradition, providing residents with a high standard of living, diverse job opportunities, and rich cultural experiences. Known for its towering skyscrapers, luxurious shopping malls, and pristine beaches, Abu Dhabi is a city that harmonizes progress and heritage. This article delves into the living conditions in Abu Dhabi , covering quality of life, employment prospects, cost of living, and cultural influences on residents and expatriates. Quality of Life in Abu Dhabi Abu Dhabi, the largest and wealthiest emirate in the UAE, is a prime destination for expatriates. The city offers a warm climate year-round, with hot summers and mild winters, making it ideal for various outdoor activities. As a cosmopolitan city, Abu Dhabi provides a multicultural environment, hosting a significant expatriate population and offering a myriad of cultural, educational, and recreational facilities, a huge deciding factor for anyone looking to buy property in Abu Dhabi . The city is renowned for its commitment to education and health, with numerous top-tier universities and hospitals ensuring high-quality services. Abu Dhabi University and Khalifa University are among the prominent institutions providing excellent education, while hospitals like Cleveland Clinic Abu Dhabi

Feb 19, 20264 Min

Dubai International Airport Welcomes a Record 44.9 Million Visitors in 2024

Dubai International Airport (DXB) has set a new record by welcoming 44.9 million visitors in the first half of this year. This significant increase in passenger numbers highlights DXB's vital role in bolstering Dubai's economy. With an 8% growth compared to last year, DXB has solidified its position as the world’s preferred gateway. This growth is attributed to the airport's strong connectivity to major international markets and its key role in Dubai's economic development. In the first half of 2024, 9.31 million foreign visitors traveled to Dubai, underscoring the city's growing popularity as a global hub for talent, businesses, and investors. These figures, released by Dubai’s Department of Economy and Tourism, align with the city's GDP growth. Dubai's GDP increased by 3.2% in the first quarter of 2024, reaching AED 115 billion. It has also increased property prices in Dubai . Paul Griffiths, CEO of Dubai Airports, commented, "The outstanding performance in the first half of this year underscores our strategic importance as a global aviation hub. Dubai is leading in attracting talent, businesses, and tourists from around the world, and we are proud to be the gateway to this city. Strong demand from key markets like India, along with

Feb 19, 20263 Min

UAE Real Estate Market Remains Strong in the First Half of 2024

The UAE's real estate market continued to exhibit robust growth in the first half of 2024 , driven by the country's economic and financial stability. The introduction of new, world-class projects to meet the growing demand for various property types has attracted significant investment. Reports indicate that major real estate companies have initiated large-scale projects since the beginning of the year, offering a diverse range of investment options and promising opportunities for investors and individuals seeking to live and work in the UAE. With the introduction of new infrastructure and real estate projects across the country by both public and private sectors in 2024, the UAE's real estate market is projected to maintain its upward trajectory. Several residential, commercial, and office towers and complexes were launched in 2024 to accommodate the increasing number of companies and projects. Dubai, in particular, accounted for a significant portion of new real estate projects, with over 12 new developments introduced by companies such as Emaar, Deyaar, and Dubai Investments, in addition to the expansion of Dubai Mall. The number of residential units in Dubai surged to 736,000 after the completion of approximately 6,600 new units in the first half of the year. Furthermore, an

Feb 19, 20263 Min

Dubai's Ready to Move Property Market Remains Strong

Despite leading the Dubai real estate market in off-plan sales, the demand for ready to move properties remains exceptionally strong. Budget-friendly units are being snapped up within a month of their launch. End-users and high-net-worth individuals have been driving the demand for ready to move properties , while a supply shortage, exacerbated by an influx of end-users due to rising rental prices, has put further pressure on the market. Provident Estate stated, "Dubai is attracting over 8,000 new residents monthly, and demand outstrips supply in most launched and sold projects, with affordable ready-to-move properties selling within a maximum of four weeks." Engel & Völkers Middle East added, "Demand for properties in 2024 has so far been high for ready-to-move properties, but due to a lack of inventory, we have seen significant growth in the off-plan sector. Transactions in ready-to-move properties have increased by 13.2% year-on-year." According to the report, ready-to-move property prices increased by 14.57% in the first half of 2024 compared to the same period last year. Surge in End Users Dubai's population grew from 3.66 million at the beginning of 2024 to 3.754 million by August 1st, putting the city on track to achieve its population growth target

Feb 19, 20263 Min

Trump Tower Dubai: A New Era of Luxury Living in the Heart of the City

Collaboration Between Dar Global and Trump Organization to Construct Trump Tower Dubai Trump Tower Dubai is set to open in 2025, thanks to a partnership between Dar Global, the international development arm of Saudi Arabia's Dar Al Arkan, and the Trump Organization. According to a statement released by Dar Global, this property will be located in a prime area of Dubai, although the exact location has not been disclosed. This marks the third collaboration between Dar Global and the Trump Organization, with the location and design expected to be finalized by 2024. Pricing details remain confidential at this time. Eric Trump, Executive Vice President of the Trump Organization, stated, "We are proud to expand our presence in the region through the launch of the iconic Trump Tower in Dubai , in collaboration with the global luxury real estate developer Dar Global." Trump Tower Dubai Features and Amenities The property will feature residential units with top-notch amenities and services, as well as the Trump Hotel Dubai. Additionally, The Trump Private, an exclusive members-only club, will be unveiled within this development. Here's a closer look: Residential Units: These units will offer expansive living spaces, state-of-the-art kitchens, and stunning views of the Dubai

Feb 19, 20263 Min

Damac Hills 2: A Thriving Community in Dubai

Damac Hills 2 , formerly known as AKOYA, is a master-planned community in Dubai that offers a unique lifestyle experience inspired by water, sports, and fun for all ages. Developed by DAMAC Properties, a leading real estate developer in the UAE, Damac Hills 2 is spread over 55 million square feet and is home to over 30,000 residents. People with high incomes are attracted to buy Damak Hills 2 properties . Key Highlights High-Transaction Volume: Damac Hills 2 has emerged as one of the highest transacted communities in the UAE, with over 11,806 units sold to date. Strong Villa Growth: Villa prices in Damac Hills 2 have witnessed a remarkable 22% increase over the past three years (2021-2023). Investor Appeal: Buying property in Dubai and 2-bedroom apartments and studios is still high. The community is particularly attractive to high-income earners, with six-bedroom villas being the most popular rental units and three-bedroom villas following closely behind. Surging Off-Plan Apartment Growth: Off-plan apartments in Damac Hills 2 have also experienced significant growth, with average prices per square foot increasing by 16% from 2021 to 2023. Attractive Rental Yields: Apartment rentals have also seen impressive growth, with two-bedroom apartments witnessing a 44% increase

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