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Royal Majestic Real Estate > Blog > 2024 > May

Month: May 2024

With 72,500 millionaires, Dubai is the wealthiest city in the Middle East
CategoriesDubai Lifestyle Dubai Real Estate

Dubai: Middle East’s Wealth Hub with 72,500 Millionaires

By Jan Leo,

Rising Wealth Trends in the Middle East

Dubai emerges as the wealthiest city in the Middle East, boasting a staggering 72,500 millionaires, according to a recent report. Over the past decade, the city has witnessed a remarkable 78% surge in its millionaire population, highlighting its growing prominence in global wealth dynamics.

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Emirates Announces Full Move to Al Maktoum Airport by 2034
CategoriesDubai Lifestyle tips & tricks

Emirates to Shift Entire Operations to Al Maktoum Airport by 2034

By Jan Leo,

A Seamless Transition for Emirates Airline

Emirates Airline and Group chairman and CEO, Sheikh Ahmed bin Saeed Al Maktoum, announced that the airline would relocate all operations to Al Maktoum International Airport by 2034 in a single move, part of the D33 program. Sheikh Ahmed emphasized that there will be no split of operations during this transitional period, with all flights operating from one airport. The move is deemed necessary to accommodate the expansion of regional airlines and the aviation industry. The government of Dubai has declared that over the next few years, all operations currently conducted at Dubai International (DXB) will be moved to Al Maktoum International (DWC), with DXB’s operations fully absorbed by a new Dh128 billion passenger terminal at Dubai World Central in ten years, increasing passenger capacity to 260 million annually.

Jumeirah Unveils New Brand Identity Amid Expansion Drive
CategoriesDubai Real Estate Real Estate News

Jumeirah Unveils New Brand Identity Amid Expansion Drive

By Jan Leo,

Revitalizing Tradition: Jumeirah’s Brand Story

Jumeirah, the renowned hotel chain, revealed its fresh brand identity on Tuesday, signaling its plan to double its portfolio by 2030.

The iconic Burj Al Arab Hotel set the stage for the unveiling, showcasing the new branding alongside a visual journey through Jumeirah’s history.

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Five Things to Keep in Mind When Buying Property in Dubai
CategoriesReal Estate Guide tips & tricks

5 Key Considerations When Buying Property in Dubai

By Jan Leo,

Factors to Keep in Mind Before Making Your Purchase

Buying property demands careful consideration. Our homes shape our lives and reflect our status, making it a significant investment. In dynamic cities like Dubai, the decision becomes even more complex due to evolving market trends and various factors impacting real estate.

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CategoriesDubai Real Estate Real Estate News

Luxury Villas on Amali Island, Dubai

By Jan Leo,

Discover the Epitome of Waterfront Luxury in Dubai’s Newest Master-Planned Community

Amali Properties introduces Amali Island, a collection of 24 villas on Dubai’s The World Islands, marking its premier venture into master-planned communities. Perched on the shores of the Arabian Gulf, these villas epitomize luxury, offering refinement, personalization, and natural vistas. With seven architectural styles, homeowners can fashion retreats with panoramas of the sea, sky, and Palm Jumeirah.

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Dubai Mangroves: World’s Largest Coastal Regeneration Project
CategoriesDubai Real Estate Real Estate News

Dubai Mangroves: World’s Largest Coastal Regeneration Project

By Jan Leo,

Dubai-based urban planning firm URB has unveiled an ambitious project to set new standards for coastal regeneration. The Dubai Mangroves initiative plans to plant 100 million mangrove trees along a 72-kilometer stretch, enhancing Dubai’s coastline through a blend of ecological preservation and urban development.

Read more “Dubai Mangroves: World’s Largest Coastal Regeneration Project”

Wealthiest Families Thrive in Dubai's DIFC
CategoriesDubai Lifestyle

Wealthiest Families Thrive in Dubai’s DIFC

By Jan Leo,

The Dubai International Financial Centre (DIFC) is a global hub for wealth, hosting 120 of the world’s richest families, 206 centi-millionaires, and 15 billionaires. This concentration of affluence has significantly contributed to Dubai’s ranking as the top city in MEASA and one of the top 22 cities globally for wealthy populations. The combined net worths of these families and individuals exceed $1 trillion.

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Non-Resident's Guide to Dubai Mortgage Loans
CategoriesDubai Lifestyle Real Estate Guide tips & tricks

Non-Resident’s Guide to Dubai Mortgage Loans

By Jan Leo,

Eligibility and Documentation

Dubai’s real estate market beckons investors with its affordability and low-interest rates. Non-residents seeking property can explore mortgage options without financial strain. Discover eligibility criteria and required documentation for non-resident mortgage loans in Dubai below.

Read more “Non-Resident’s Guide to Dubai Mortgage Loans”