Impact of the Dh128 Billion Al Maktoum International Airport Project
Dubai: The Dh128 billion Al Maktoum International Airport project is poised to significantly influence Dubai’s real estate market, particularly within a 20-kilometer radius of the new airport.
Read more “Dubai’s Real Estate Boom: Key Areas to Watch Near Al Maktoum Airport”
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.
Read more “Dubai: Middle East’s Wealth Hub with 72,500 Millionaires”
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.
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.
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.
Dubai, UAE: As we step into the new year, the Dubai real estate market shines bright, offering investors promising returns. Whether you’re a seasoned player or a newcomer, the Dubai Real Estate Investment Guide 2024 serves as your roadmap to success.
Read more “Dubai Real Estate Investment 2024: Your Pathway to Success”
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”
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.
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