January 2024

Dubai Real Estate Hits AED 3 Billion in Tuesday Transactions

By Jan Leo,January 31, 2024February 1, 2024

In Tuesday, Dubai’s real estate market surged with 530 sales totaling AED 2.35 billion, alongside 135 mortgages at AED 564.27 million and 55 gift deals worth AED 180.68 million. The day’s total transactions exceeded AED 3 billion, including 494 villa and apartment sales (AED 1.15 billion) and 36 land plots (AED 1.2 billion). Mortgages covered 114 properties (AED 284.27 million) and 21 land plots (AED 280 million).

UAE Eases Golden Visa Requirements for Real Estate Investors

By Jan Leo,January 25, 2024February 1, 2024

Explore the recent changes in the UAE’s Golden Visa program designed to attract investors and citizens. Learn about the elimination of the Dh1 million minimum down payment and the new focus on property value for qualifying investors.

Dubai Lifestyle Dubai Real Estate tips & tricks

Understanding Security Deposit Deductions in Dubai: A Guide for Tenants

By Jan Leo,January 24, 2024February 1, 2024

In Dubai, the question arises: Can a real estate company deduct money from a tenant’s security deposit? Let’s explore this issue within the framework of Law No. 26 of 2007, governing landlord-tenant relationships in the Emirate of Dubai.

Dubai Lifestyle Dubai Real Estate tips & tricks

Dubai Tenancy Fees: Understanding Service Charges and RERA Registration

By Jan Leo,January 23, 2024February 1, 2024

In Dubai, tenant financial responsibilities, governed by Laws No. (26) of 2007 and No. (6) of 2019, involve service charges and RERA registration fees. Learn about these fees, tenant rights, and negotiation options.

Uncategorized

Safeguarding Off-Plan Property Investments in Dubai: A Comprehensive Guide

By Jan Leo,January 22, 2024February 1, 2024

Investors must conduct due diligence before committing to an off-plan property. This guide covers checking project legitimacy, ensuring escrow account security, evaluating project progress, and validating developer credentials.

Dubai Lifestyle Dubai Real Estate tips & tricks

Smart Property Purchase: 5 Key Factors for Dubai Buyers

By Jan Leo,January 21, 2024February 1, 2024

Buying a home is a significant decision impacting our lives and investments. In dynamic cities like Dubai, it becomes even more crucial due to evolving market conditions. Explore these considerations for a well-informed property investment:

Dubai Real Estate tips & tricks

Dubai Property Transfer Fees for Family: A Quick Guide

By Jan Leo,January 20, 2024February 1, 2024

In Dubai, transferring property to your first-degree family members involves specific fees regulated by the Dubai Land Department (DLD). Under Executive Council Resolution No. 30 of 2013, DLD fees are applicable to property registration and transfer, with a focus on fees rather than taxes.

Dubai Real Estate tips & tricks

Safeguard Your Investments: Tips to Avoid Dubai Property Scams

By Jan Leo,January 19, 2024February 1, 2024

Dubai, a global hotspot for investors, is not immune to the rise of property scams. Stay vigilant with these key tips:

Dubai Lifestyle Dubai Real Estate tips & tricks

Decoding Dubai: Navigating Service Charges for Your Property

By Jan Leo,January 18, 2024February 1, 2024

Are you considering buying a home in Dubai? Before you make a decision, it’s crucial to understand the ins and outs of Dubai’s service charges. This blog breaks down everything you need to know, whether you’re a first-time buyer or an experienced investor.

Dubai Real Estate Real Estate News

Dubai Breaks Records with $7.6 Billion in Luxury Home Sales in 2023

By Jan Leo,January 17, 2024

In 2023, Dubai saw a surge in luxury home sales, reaching a record $7.6 billion, a 91% growth over the previous year. Knight Frank’s analysis revealed a 92.4% uptick in sales of homes priced at $10 million or more, totaling 431 transactions. Faisal Durrani, Partner – Head of Research, MENA, highlighted Dubai’s status as the world’s most active $10 million+ homes market.

Jan Archives