RERA's fight against fake property listings: Current results
Emirates.Estate
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1M ago
At the beginning of February, RERA, the real estate market regulator in Dubai, began actively combating the proliferation of fake property listings, which have long been a problem for the market. Threatening online platforms with legal consequences and demanding the removal of such listings, the regulator managed to drastically reduce their number ..read more
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Dubai real estate market could grow by 5% in 2024
Emirates.Estate
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2M ago
The Dubai real estate market remains a popular destination among international investors, especially those seeking opportunities to diversify their assets. The popularity among foreign buyers has allowed the emirate to attract over $100 billion in real estate investments in 2023, and now positions it for a projected 5% market growth by the end of ..read more
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Priorities are shifting: Why property owners shouldn’t rush to sell?
Emirates.Estate
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3M ago
Over the past two years, the cost of real estate in Dubai has risen by more than 30%. However, a sharp gap has emerged between the prices at which finished properties are sold and the prices of projects in newly constructed buildings. Content: To sell or to hold? Record price gaps What explains such a price gap? Reidin-GCP report To sell ..read more
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Office Occupancy Rate in Dubai Rises to 92.7% Amid Increased Demand
Emirates.Estate
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6M ago
The emirate continues to grapple with a sharp downturn in the commercial real estate market, which has led to lower occupancy rates and rental yields around the world. There is currently a particularly high demand for real estate in the central business district. This suggests that clients prefer high-quality offices in a convenient location ..read more
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By 2040, Emaar Set to Make $132 Billion from Real Estate Sales
Emirates.Estate
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6M ago
Experts estimate that Emaar Properties could receive AED 485 billion ($132.15 billion) from the sale of its development portfolio by 2040. Now, Dubai’s largest developer continues to lead the emirate’s real estate market. In the next 5 years, the company will sell properties worth about AED 155 billion, or 32% of the its total portfolio ..read more
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Experts have indicated the most profitable areas of Dubai for renting out real estate
Emirates.Estate
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9M ago
Experts continue to summarize the results of the Dubai market in the first half of 2023. General statistics from the rental segment became available: how much the fee has increased in different areas and where it is most profitable to rent an apartment or villa. If we take the average values, then in the first half of 2023 it has already grown to ..read more
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Dubai to build the second tallest skyscraper in the world
Emirates.Estate
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9M ago
A skyscraper will be built in Dubai, which will be second in height only to the local Burj Khalifa tower, the tallest building in the world. So far, there is little information about the project. Neither the official name of the new building nor its exact height have been named. It is also not specified which set of residential and commercial ..read more
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Experts summed up the June results of the Dubai real estate market
Emirates.Estate
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9M ago
Real estate market analysts from the United Arab Emirates summed up the results of June-2023 in Dubai. They collected statistics on which properties people want to buy and which to rent, and also compiled a list of the most popular areas of the emirate. According to preliminary data, 10,419 real estate transactions were made in June 2023, which is ..read more
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A residential complex for 430 apartments will be built in a prestigious area of Dubai
Emirates.Estate
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9M ago
In Dubai, in the Jumeirah Village Circle (JVC), a new residential complex Helvetia Residences will appear. Sales in it will start in September 2023. There will be 430 apartments in the residential complex, which the developer plans to sell at the construction stage. It should be facilitated by the growth of the off-plan real estate market. The ..read more
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Dubai has adopted a new law on urban planning
Emirates.Estate
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9M ago
Dubai has adopted a new law regulating urban planning. It was initiated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai. The new law is designed to improve the quality of the urban environment in Dubai and help create better living conditions. The law also introduces the ..read more
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