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Which projects were the most popular among investors in July 2022? Let's get acquainted with the statistics. Best-selling projects Among off-plan apartments, the real estate sales rating for July is as follows: The St. Regis Residences, Downtown Dubai — 174 apartments worth AED 698 million. Creek Beach — Lotus — 140 units for AED 206 million. Peninsula Five — 127 apartments, AED 248 million. Jadeel — Madinat Jumeirah Living — 120 apartments, AED 251 million. Pearlz By Danube — 114 units worth AED 114 million. Off-plan villas: Shams Townhouses — 114 apartments for AED 206 million. Damac Lagoons — Nice Cluster 1 — 97 apartments for AED 183 million. Damac Lagoons — Nice Cluster 2 — 86 apartments, AED 163...

According to the Dubai Land Department, the commerce market shows significant demand. Of course, looking at the record numbers, it is important to remember that prices on the real estate market are still significantly lower than in the period from the end of 2014 to 2016. However, the market has repeated all the indicators of 2016 and surpassed the previous year, while there are 5 months left until the end of 2022. The recent increase in interest rates and inflationary pressures may not have a negative impact on the commercial real estate market, especially in Business Bay, where most of the supply is concentrated in low-end office buildings. Higher interest rates and a 50 percent loan-to-value ratio for commercial real estate mortgages may deter some buyers from buying, making them more...

According to the Dubai Land Department, the growing demand for commercial real estate increased the total value of sales by 89% and the number of units sold by 38% compared to the previous year. What were the prerequisites for such rapid growth? Dubai's retail real estate sector is experiencing post-pandemic growth as a result of government measures to stimulate economic activity. In addition, the government is actively exploring other policy measures that will have a positive and long-term impact on the real estate market. Recent state efforts include the following: Development of a master plan until 2040; New law regulating Musataha rights to commercial lands; New Decree on real estate investment funds; Reduction of fuel surcharges for electricity and water for all centralized...

Dubai remains the largest megalopolis in the UAE. Apartments in Dubai are purchased not only as a permanent residence or a holiday home but also for investment. Despite the consistent price growth in the Emirate in recent years, the city’s housing can suit different budgets. This means you can either buy the most expensive apartments in Dubai valued at millions of dollars or the lower-end residences. Apartments for $100,000 – $150,000 are also for sale. All you need to do is make up your mind about the potential location of apartments. Contents: Freehold Zones Best places in Dubai to buy apartments in Things to consider when choosing a place for relocation as a permanent resident Best investment-worthy districts Reasons to invest in Dubai real...

As the euro continued to fall in July 2022, investors turned their attention to more stable markets, such as the Dubai real estate market. The euro is steadily losing value against the dollar, and with rising interest rates in America, this trend will only continue. In combination with the Russia-Ukraine conflict and Europe’s uncertain economic prospects, many investors are seeking stability in Dubai’s real estate market. High demand for real estate in Dubai is driving up prices, but profitable deals are still in demand, as developers announce more and more new projects every month. Many investors take advantage of the available installment options and the high potential return on investment when buying off-plan real estate. Since the euro is expected to lose more value, now...

Real estate in the UAE is popular among foreigners. This is particularly true about housing in Dubai. Foreign nationals account for much of the population in the country’s biggest city, which is why apartments in Dubai are always in demand. Affordable prices attract investors who purchase highly liquid and profitable housing. However, before closing the deal it makes sense to consider the additional expenses that the buyer will incur. Keeping an apartment in Dubai requires money too. Let us consider how much utilities can cost and whether such foreign property is taxed. Contents: Utilities Taxes on Dubai apartments Transaction fees Professional assistance with maintaining and servicing a purchased apartment in Dubai Utilities The owner must pay the apartment...

Data from the Dubai Land Department shows significant growth in the Dubai real estate market in the first half of 2022. The demand for commercial property contributed to an 89% increase in the total value of sales and a 38% growth in the number of units sold compared to the previous year. After strong market growth in 2021, several factors allowed this trend to continue in 2022. State economic support programs, including the 100% foreign property program, the 10-year «Golden Visa» program and new ways to get a residence permit for pensioners and remote workers made a significant contribution. In addition, the successful exhibition, the easing of restrictions related to the pandemic, improved global mobility and, of course, the general mood of investors in the market have...

The 2021 performance demonstrated investors’ higher interest in UAE real estate. Prices of apartments in the UAE in 2022 have increased substantially and keep growing. The demand for apartments in Dubai with one or more bedrooms is as high as for luxurious penthouses. Housing is purchased not only for relocation (as a permanent residence) but also for investment. The authorities enhanced this trend with successful anti-COVID policies, as well as incentives for foreign investors – as in changes in the basic regulations of issuing a residence permit, which has become even more readily available in the case of purchasing real estate. Contents: Real estate market performance in recent years Changes in Dubai apartment prices Prospects of real estate market...

In the light of geopolitical changes in the world, changes are also taking place in those countries that are not directly involved in ongoing conflicts. How is the Dubai real estate market changing? Results of the second quarter of 2022 Dubai’s residential apartment sector recorded sales of AED 29 billion, which is 50% more than in the second quarter of 2021. Sales of residential villas in Dubai amounted to AED17.8 billion, which is 33% more than in the same period of 2021. Business offices in the emirate recorded sales of AED1.3 billion, which is 8.5% more than in the second quarter of 2021. Land sales amounted to AED 11 billion, which is 57.5% more than in the second quarter of 2021. All results are published according to DXBinteract data. Given global, regional, and local...

Dubai’s authorities are launching new rules to motivate more REITs to invest in the Dubai real estate market. Time is crucial: the vast majority of foreign institutional investors from the EU are considering diversifying their portfolios and moving to Dubai. In light of the instability in the global financial system, real estate as an asset attracts increased attention from individual and institutional investors, as they consider it less risky than many other investments. What does this mean for ordinary investors? Firstly, REITs conclude plenty of transactions, which contributes to the growth of the Dubai economy. REITs make lucrative deals worth hundreds of millions. They do not speculate, but buy for rent and focus on medium- and long-term investments, which stabilizes the...