Jan Leo, Author at Royal Majestic Real Estate

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:

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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.

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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.

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Dubai’s 2023 Real Estate Boom and Record-Breaking Transactions

By Jan Leo,January 16, 2024February 1, 2024

Dubai’s luxury real estate market witnessed remarkable expansion in 2023, showcasing unprecedented growth. This year marked the sale of the most expensive penthouse in the UAE to date, accompanied by record-breaking investment volumes.

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Sustainable housing is gaining popularity in Dubai.

By Jan Leo,January 15, 2024February 1, 2024

Dubai’s post-COP28 transformation accelerates, focusing on eco-friendly buildings. Anticipated housing surge, with a 5% price increase in 2024 and a 15% market expansion. The real estate boom, driven by a 16% luxury property price rise, aligns with sustainability. Developers incorporate green features, and projects emphasize outdoor spaces.

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Anticipated Surge in Dubai Apartment Rental Rates for 2024

By Jan Leo,January 14, 2024January 16, 2024

Dubai envisions a surge in apartment rental rates, heightening its appeal for investors. Factors like infrastructure development, government initiatives, and a growing population contribute to the market’s resilience.

Experts foresee a significant 2024 increase in Dubai apartment rents, with a 20% rise in capital values. Observations highlight a demand shift towards cost-effective communities, particularly in areas like Dubai Silicon Oasis and Business Bay.

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Rental Prices Expected to Surge by 20% in 2024

By Jan Leo,January 13, 2024January 16, 2024

Experts predict a 20% increase in Dubai’s real estate rental costs this year due to investors seeking short-term and long-term returns. In H1 2023, rental prices rose by almost 23%. Short-term rentals spiked by 30% in October 2023 as the high season began. Forecasts for 2024 project a 20% rise in short-term rentals and a 15% increase in long-term rentals.

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Cristiano Ronaldo Invests Millions in Luxurious Mansion on ‘Billionaires Island’ in Dubai

By Jan Leo,January 12, 2024January 11, 2024

Cristiano Ronaldo acquires a lavish mansion on ‘Billionaires Island’ in Dubai, reflecting his $136 million net worth. Renowned for extravagant gestures, he surprised his mother with a Porsche and gifted a $40,000 Rolex at a recent event.

Details about the mega-mansion’s cost remain undisclosed, but rumors suggest it’s in the tens of millions of euros. Comparable mansions on Billionaires Island offer opulent amenities.

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Dubai Sets Sights on World’s Premier Bike-Friendly City by 2040

By Jan Leo,January 11, 2024January 11, 2024

Dubai aims to lead urban mobility by 2040, surpassing Amsterdam and Copenhagen’s bike-friendly status. The plan outlines a 621-mile network of cycling routes, exceeding both cities’ benchmarks.

The “Dubai Cycle City 2040” strategy encourages cycling and walking for daily commutes, aiming to reduce travel times significantly. “The Loop,” a 58-mile climate-controlled bike trail, showcases eco-friendly transport and prioritizes residents’ well-being.