Royal Majestic – Real Estate
Dubai’s top master developers Nakheel and Meydan merging under Dubai Holding signals a significant expansion in landmark projects, bolstering the city’s economic agenda and urban development plans.
Read more “Dubai’s Nakheel-Meydan Merger: Expanding Landmark Projects”
Competition among Dubai developers intensifies as available land plots dwindle rapidly.
Read more “Dubai Developers Vie for Land Amidst Soaring Prices”
In January, Dubai abolished the requirement for a minimum down payment of Dh1 million to qualify for the Golden Visa, sparking a surge in demand for properties valued at Dh2 million. This change has prompted both investors and developers to adapt.
Read more “Dubai’s Golden Visa Spurs Shift in Investor Budgets and Developer Strategies”
Dubai is expecting the launch of three new master communities in 2024, aiming to address the villa and townhouse shortage. The forthcoming communities, including The Heights Country Club and Grand Club Resort, are strategically located in southwest Dubai along the E611 corridor. These developments signal a new phase of expansion for the emirate.
Read more “New Dubai Master Communities to Boost Villa and Townhouse Supply”
Construction begins on a $3 billion residential tower in Dubai, set to become one of the world’s tallest. Al Habtoor Tower, standing 345 meters tall, offers over 1,700 units across 81 floors, with completion expected by 2026. Over 20% of properties sold within a month, showcasing high demand.
Read more “New $3BN Dubai Tower High-Rise Living’s Next Icon”
When your landlord is unresponsive to rejecting a proposed rent increase exceeding Rera’s guidelines, timely action is crucial, especially with the contract expiration approaching.
Read more “How to Handle Lease Renewals When Landlords Are Unresponsive”
Dubai tenants face higher rents after Rera recalibrates its calculator, reflecting current market rates. Analysts foresee increased demand in newer communities. The revised calculator, effective March 1, considers location, property type, current rent, and rooms for rent increase assessment.
Read more “Dubai Tenants Face Higher Rents After Rera Calculator Update”
Ramadan, the sacred month for Muslims worldwide, spans from March 11 to April 9 in 2023. Understanding the customs during this time is crucial, whether you’re a citizen, resident, or tourist in the UAE. Adhering to these guidelines ensures a respectful and enjoyable experience, immersing you in the rich culture and traditions of the country.
Recent reports predict prime residential real estate in the United Arab Emirates to yield between 6.25% and 7%. CBRE Research’s 2024 Market Outlook forecasts residential properties to yield 7% to 7.5%.
In offices, prime ones are expected to yield 6.5% to 7.25%, while grade A offices may yield 7% to 7.5%.
In February 2024, Dubai’s real estate market saw a surge of over 27%, with 11,900 deals compared to 9,371 in February 2023.
Property Finder noted transaction value at nearly Dh36.6 billion, up 35% from 2023, highlighting market strength.
Read more “Dubai Real Estate Market Surges 27% in February 2024”