Dubai real estate figures: 1st quarter 2023
Dubai real estate: 1st quarter 2023
In the wake of global economic inflation in recent years, real estate markets have come under close scrutiny by many investors.
Dubai’s real estate market is no exception, especially after an exceptional and flourishing 2022. However, contrary to expert expectations, the figures for the 1st quarter of 2023 are dreamlike.
While many expect the market to slow down, the data reveal continued solid growth. If you’d like to know more about these figures, just read this article written by Dubai real estate experts.
Spectacular sales growth in Q1 2023
The first quarter of 2023 in Dubai was characterized by a significant increase in sales costs. Figures from the Dubai Land Department (DLD) reveal that transactions during the quarter totalled over 88.7 billion Dirhams (AED).
This represents an increase of 60.5% over the same period last year.
Although the increase is not as spectacular as in the fourth quarter of 2022, it is still significant at 9.4%. This growth was mainly driven by the new housing market, which recorded an 85.3% increase in new home sales.
The number of housing units rose by 42%. These figures demonstrate the importance of the new-build market in the overall growth of Dubai’s real estate market.
An increase in the number of sales
The first quarter of 2023 was a dynamic one for the Dubai real estate market. From Q1 2022 to Q1 2023, the number of sales increased by 50.5%.
The largest transactions were for apartments and land, which rose by 72% and 77% respectively.
Villa sales, on the other hand, were virtually unchanged, growing by a meagre 0.2% over the period. This trend is due to limited supply, which is unable to meet the strong demand forproperty purchases.
An upward trend in prices per m²
With its constantly evolving real estate market, the city of Dubai has never ceased to attract investors from all over the world. Despite rising prices per m², these investors continue to undertake and invest in large-scale projects.
For the first quarter of 2023, prices per m² rose by 6% for apartments, 21.3% for villas and 23% for land. It should also be noted that this increase is 1.5% and 11.1% respectively for apartments and villas already built.
It should also be noted that figures show that the approximate average price per square meter for an apartment in Dubai is AED 11,500 (around EUR 2,300). For a villa, the average price is AED 19,000 (approx. EUR 3,800) per square meter.
This data shows that Dubai’s real estate market is constantly evolving, with increased demand for both residential and commercial properties.
Real estate investors can seize this opportunity to invest in properties in Dubai and benefit from the city’s growing property market.
The most popular areas for real estate investment in Dubai in 2023
At the end of the first quarter of 2023, DLD’s real estate market figures show five profitable neighborhoods for real estate investment. These include :
Jumeirah Village Circle: top of the ranking with 3,310 transactions
Business Bay: in second place with 2,750 transactions
Dubai Marina: in third place with 2,287 transactions
Dubai Creek Harbour: in fourth place with 1,758 transactions
Damac Lagoons: in fifth place with 1,351 transactions
These neighborhoods are highly sought-after for their central location, modern amenities and high-quality services.
The breakdown of sales in terms of property prices in Dubai in 2023
Real estate sales in the first three months of 2023 in Dubai vary according to property type. The most sought-after properties for real estate investors are generally those costing less than AED 1 million (€250,000). The breakdown of sales is as follows:
35% of sales involve goods costing less than AED 1 million (value under €250,000);
27% of sales are of goods worth between AED 1 and 2 million (€250 to €500,000);
18% of sales involve goods worth between AED 2 and 3 million (€500 to €750,000);
11% of sales are of goods costing between AED 3 and 5 million (€750,000 to €1,250,000);
9% of sales involve goods worth more than AED 5 million (around €1,250,000).
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Joint property investment in Dubai
Dubai’s real estate sector is very dynamic. In particular, since 2022, the emirate’s real estate market has experienced strong growth, with record numbers of transactions in certain months.
So, if you’re planning to invest in property with friends, colleagues, family, etc., you should get started now to maximize your chances of capital gains or rental profitability.
To help you, we’ve listed the essentials you need to know to invest in Dubai real estate.
Is it possible to buy property in Dubai under a common name?
As you might expect, the answer is yes. In fact, contrary to what you might think, many properties built in Dubai are jointly owned by several owners. So it’s possible.
Under Dubai’s condominium law, 2, 3 or 4 people can legally own a single property.
If the number of owners exceeds 4, the law requires the creation of a trust. The owners, whose number can then be unlimited, can then be designated as beneficiaries of the trust. They are therefore owners through the trust.
Obviously, the share of the property held by each investor must be clearly indicated on the title deed issued by the Land Department at the end of the property transfer.
In general, the percentage of ownership indicates the personal financial contribution of each investor. Revenue sharing between investors is therefore based on this percentage.
For example, for married couples buying a property jointly, the percentage of ownership is often 50% on both sides.
Why should several people invest in Dubai real estate?
The exorbitant price of real estate in Dubai is a major obstacle to home ownership in this city of gigantic projects.
Over time, these prices have continued to rise, reducing the ability of more people to invest in real estate in this emirate.
To cope with this rise in property prices in the emirate, it is not uncommon to see married couples, parents and children, siblings, friends, etc., pooling their resources to acquire property jointly.
Authorized and governed by Dubai’s joint ownership law, joint ownership has become a more viable solution for becoming a landlord in Dubai.
The main advantage of this option is that the greater the number of property owners, the easier it is for them to obtain loans from banks, especially in times of economic downturn when banks are tightening their lending standards.
In condominiums, the title deeds will bear the names of all the co-owners. This means that all co-owners must give their consent if one of the investors decides to sell or rent his or her share to a third party. Ideally, you should draw up an agreement clearly defining the terms of co-ownership.
What you need to know if you want to invest in a property in Dubai?
If you’re thinking of buying residential or rental property in Dubai to take advantage of the ever-increasing property prices on the market, you need to get in touch with the Dubai Land Department.
The main document to provide is a copy of your passport, not your residence permit.
You will need to open a bank account in Dubai to transfer the funds to be used for the operation. Setting up an account is very straightforward, and usually only takes an hour.
All you need are original, certified copies of your last six bank statements.
If you need to obtain a mortgage to complete the purchase, even as an expatriate or foreign investor.
If you meet all the conditions of income stability and minimum monthly salary, you can obtain an agreement in principle within 4 days.
Please note, however, that if you are an expatriate, a down payment of between 20% and 35% will be required to obtain a mortgage, depending on the value of the transaction.
It is therefore impossible for a mortgage to be the sole source of financing for your real estate investment in Dubai. However, the mortgage can cover up to 80% of the value of the property.
And, as is the case in France, the transaction is finalized in the notary’s office. Your real estate agent will help you make an appointment with the Department of Land.
To ensure a smooth process, make sure your real estate agent is registered with the Real Estate Regulatory Agency.
The agent will advise you on your real estate project and help you find a villa, apartment, duplex, loft, penthouse, apart-hotel, etc., to suit your requirements. There is a wide choice of residential and rental units.
Your agent will also help you negotiate with the seller, check the authenticity of the title deeds and draw up the preliminary sales agreement.
As soon as all the documents required for the transaction are ready, he will take you and the seller to the Dubai Land Department, the government body responsible for real estate transactions in Dubai, to complete the transaction. In all, the transaction will take between 4 and 15 days, depending on the case.
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Dubai real estate figures: February 2023
Dubai real estate: February 2023
Want toinvest in Dubai to build up your real estate portfolio? Would you like to get started in residential real estate or buy a property to let?
You want to have a clear idea of the current state of the real estate market so you can make an informed decision. We give you the lowdown on the health of Dubai’s real estate sector for the month of February.
You’ll be given very specific details, including average sales prices for apartments and villas, the number of transactions completed, the districts in the emirate of Dubai with the most real estate sales, etc. Read on.
Dubai real estate in February 2023: statistics
As we enter 2023, real estate in Dubai is doing very well. That’s according to recent trends published by the Dubai Land Department (DLD), the city’s land agency.
For the month of February, the number of sales is up sharply, as are prices. Indeed, with strong rental demand and demand from those wishing to become homeowners, the Arab emirate recorded a total of 9,000 property sales.
Compared with February 2022, February 2023 achieved an unexpectedly strong performance, with an impressive 42% increase in the number of real estate sales.
To go into more detail, there are many more apartment sales, due in particular to the low demand for villas.
As a result, real estate transactions involving apartments have risen by 56% compared with February 2022 figures.
Villas also saw a 16.4% increase in sales compared to last year, although not as impressive as apartments.
That said, let’s talk about average property prices.
Average property prices in Dubai in February 2023 ?
In terms of average price trends, the month of February 2023 achieved a performance not seen for 10 years in Dubai.
Indeed, average apartment prices in the emirate stood at 1.1 million Dirhams, representing an increase of 6.8% compared to February 2022.
In the case of villas, average prices have risen by 24.5% compared with February 2022. Average purchase prices were AED 2.5 million.
In all, the total value of real estate sales for the month of February 2023 in Dubai amounts to almost 27 billion Dirhams. Compared with last year’s figures, February 2023 saw a 64% increase in the value of real estate sales.
In short, don’t expect property prices in Dubai to fall in 2023.
And if you want more details, you should know that almost 59% of real estate sales in February 2023 were off-plan.
Sales of ready-to-buy properties therefore only accounted for around 41% of total sales.
It seems that the supply available on the secondary market was not sufficient to cover all the demand for real estate in the Arab emirate during the month.
As a result, investors have had no alternative but to buy projects currently under construction, as offered by real estate agencies.
Dubai's most popular districts for investors in February 2023
According to figures published by the Dubai Land Department, five of Dubai’s neighborhoods are particularly attractive. If you have sufficient savings, you can take an interest in these neighborhoods. These are :
Jumeirah Village, which recorded 927 sales at AED 717 million ;
Business Bay, which recorded 772 sales at AED 1.32 billion ;
The Dubai Marina district, which recorded 744 sales at AED 2.68 billion ;
Damac Lagoons, which recorded 424 sales at AED 1.3 billion ;
Dubai Creek Harbour, which recorded 377 sales at AED 830 million.
Should you invest in Dubai real estate in 2023?
While investing in major metropolises has always been an excellent idea due to low mortgage rates, Dubai stands out for its special status. And it’s not just because of the favorable tax environment.
In fact, it’s one of the few major metropolises where new real estate is still available. Property developers continue to launch new real estate programs, enabling foreign investors to invest in new homes and expect high rents.
In these times of high inflation and economic uncertainty, real estate investment in Dubai is the best way to capitalize on your property purchase.
Although you can also invest in older homes, the rapid rise in new-build prices means that you can benefit from very high rental yields, not least because new-build rents are often very high. The city only attracts buyers with high purchasing power.
What’s more, the city’s rich infrastructure is driving up property values in this Arab emirate. All you need to do is find the right offer and position yourself at the right time. You caninvest in apartments or villas, depending on the nature of your real estate project.
Apartments offer more attractive rental yields, because it’s easier to find tenants and buyers. However, with villas, you can realize much more attractive capital gains.
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Investing in real estate in Dubai in 2023
Dubai real estate in 2023
Dubai is a destination that offers many advantages to investors in the real estate sector and entrepreneurs wishing to set up a business.
However, you need to be cautious and take into account the particularities of the local economy and the legislation in force, particularly when opening a company in Dubai.
If you decide to invest in Dubai, you can manage your investments yourself or contact an agency. Institutions such as DRN Dubai Real Estate enable you to invest in many different types of investment and benefit from returns of up to 12% per annum.
With our real estate agency in Dubai, you can invest in the purchase/resale or rental of your investment.
Downtown Dubai is an interesting and attractive location for all types of investors, as well as for those considering a permanent move to the UAE. The well-developed transport network makes it easy to visit all parts of the city.
What is the outlook for real estate in Dubai in 2023?
Dubai’s real estate market is in top form. Every year, a large number of real estate transactions are carried out.
In 2021, these transactions saw a significant increase of 75% compared to 2020. Find out more about real estate in 2021 and real estate in Dubai in 2022.
Well, because Dubai’s real estate industry is booming, and investors are looking for opportunities. In addition, European demand is increasing, and investors are planning to invest more in the real estate industry. Yes, it’s a good idea to invest in real estate in Dubai in 2023.
The real estate market in Dubai in 2023 continues to grow, as it has been experiencing a meteoric rise of late.
What’s more, there’s no reason to expect a slowdown in this market over the next few decades. The sale of villas in Dubai contributes actively to the development of the real estate market.
Here are just a few reasons why investing in Dubai’s real estate market in 2023 will be advantageous.
How can I buy property with an agency in Dubai?
If you are planning to invest in real estate in Dubai in 2023, please contact us via our contact page. One of our agents will be happy to answer your questions and show you real estate programs within your budget.
He can also introduce you to our long-term or short-term rental management service, such as airbnb, for your future apartment, studio or villa.
Our real estate agency specializes in assisting French speakers who want to invest in the United Arab Emirates. If you are interested in investing in Dubai, simply contact us.
After determining your objectives and budget, we’ll make you a proposal. After that, everything goes very quickly, and it’s perfectly possible to take the necessary steps remotely. And that’s true even if you’re investing with several people.
What are some of the advantages of investing in real estate in Dubai in 2023?
Buying property in Dubai in 2023 offers many advantages for non-residents and expatriates. These benefits include an advantageous tax system, an attractive return on investment, and above all, eligibility for a residence visa under certain conditions.
One of the best reasons toinvest in Dubaireal estate in 2023 is that you can benefit from excellent rental yields.
In short, Dubai’s real estate sector offers many advantages. But don’t forget that the latter doesn’t guarantee excellent profitability every time.
You’ll need to take a number of precautions if you hope to make a profit.
Finally, keep in mind that finding the financing for your project can be very difficult if you don’t do it right, which is why we advise you to use a real estate agency like DRN to get the best projects for the best return.
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Dubai real estate in 2022
Dubai real estate in 2022
An overview of the real estate sector in Dubai in 2022: number of real estate transactions, total market value, trends in rents and sales prices…
Are you looking to protect your savings from inflation and invest in real estate to build up your assets and generate additional income?
We tell you what you need to know about real estate in Dubai in 2022.
Dubai's real estate sector off to best start ever
The first two months of 2022 were the best ever start for Dubai real estate in terms of transaction volume.
Indeed, the total number of real estate sales recorded amounted to 12,119 for the months of January and February 2022, representing an increase of 17.7% compared to January and February 2017.
February 2022 alone broke the record, with over 6,300 property sales, 43.5% more than any other February.
Compared with January 2022, this represents a 9.9% increase in transaction volume.
Dubai real estate in 2022: explosive growth
After the effects of the pandemic, the renewed confidence of investors and buyers is evident when we check the sales and resales of houses, villas, properties and apartments.
Indeed, in addition to the strong start recorded in the first two months, the year 2022 saw more than 97,000 real estate transactions recorded in Dubai.
For the full year 2022, Bloomberg reports that the city has achieved real estate sales worth 528 billion dirhams, or 132 billion euros.
The value of the real estate market in 2022 is therefore 66 billion higher than the previous year’s figures, for growth of 76.6%. The trend remained the same until the 4th quarter of the year, which was also marked by an 18% increase in average prices compared to the 4th quarter of 2021.
While this represents an increase of 76.5% on the previous year’s real estate sales, it is also an all-time record, as the city had never before recorded more than 500 billion dirhams worth of transactions. The Prince of Dubai calls it an “exceptional performance”.
Dubai's top transaction districts
In Dubai, neighborhoods featuring new real estate developments have shown an impressive rate of attraction. For example, in February, the Mohammed bin Rashid City (MBR) district recorded the highest number of off-plan apartment sales: 568 off-plan transactions, more than double the 266 off-plan sales in the Business district.
Business Bay’s performance was boosted by the construction of three massive real estate developments in the area: The One Hotel Business Bay, Sky Bay Business Bay and Dolphin Tower.
Dubai Creek Harbour and Jumeirah Village round out the top 4 neighborhoods in terms of real estate transactions, with 169 and 161 unit sales respectively.
Two large hotels (The One and Avalon Tower) and a four-star establishment called The First Collection have been finalized in Jumeirah Village. The completion of these projects during 2022 has undoubtedly helped to boost the appeal of Dubai’s real estate sector.
The three districts with the highest number of real estate transactions over the year were Business Bay, Dubai Marina and Jumeirah Village, with 10,300, 7,400 and over 6,000 sales respectively. In terms of off-plan sales, Business Bay and Damac Lagoons share the top spot.
In terms of luxury goods, particularly villas and apartments, Dubai also set new records in 2022. The two apartments sold at the highest purchase price in 2022 cost 34 million and 20 million euros respectively, while the villa sold at the highest purchase price cost over 72 million euros.
Investing in real estate in Dubai in 2023: is it a good idea?
If you’re thinking ofinvesting in real estate in Dubai in 2023, don’t hesitate. You can invest in rental property or even in furnished rental. Indeed, as one of Cavendish Maxwell’s agency executives puts it, this is “the second best year we’ve ever had”.
Real estate experts predict that this trend will continue throughout 2023. In fact, according to Property Monitor, property prices are rising by 1.12% each month and by 16.7% each February.
So if you want to invest in rental property in Dubai, don’t waste any more time. Dubai is a large, clean, attractive city with excellent medical care and schools, and still offers new real estate.
Just look at the number of developers and real estate agents on the one hand, and the number of people who want to make an investment and become the owner of a new home or old property on the other.
It should also be pointed out that the economic and geopolitical context contributed considerably to this year’s performance. Indeed, in 2022, wealthy Russian individuals were the largest international buyers of real estate in Dubai.
It seems that the Russo-Ukrainian war and the relatively gloomy economic outlook due to European and American sanctions have pushed many Russian buyers and investors towards Dubai real estate.
As a result, rental demand has grown, especially in the luxury sector, for new villas and apartments. You can profit from it.
Investing in real estate in Dubai in 2023: is it a good idea?
If you’re thinking of investing in real estate in Dubai in 2023, don’t hesitate. You can invest in rental property or even furnished rental. Indeed, as one of Cavendish Maxwell ‘s agency executives puts it, this is “the second best year we’ve ever had”.
Real estate experts predict that this trend will continue throughout 2023. In fact, according to Property Monitor, property prices are rising by 1.12% each month and by 16.7% each February.
So if you want to invest in rental property in Dubai, don’t waste any more time. Dubai is a large, clean, attractive city with excellent medical care and schools, and still offers new real estate.
Just look at the number of developers and real estate agents on the one hand, and the number of people who want to make an investment and become the owner of a new home or old property on the other.
It should also be pointed out that the economic and geopolitical context contributed considerably to this year’s performance. Indeed, in 2022, wealthy Russian individuals were the largest international buyers of real estate in Dubai.
It seems that the Russo-Ukrainian war and the relatively gloomy economic outlook due to European and American sanctions have pushed many Russian buyers and investors towards Dubai real estate.
As a result, rental demand has grown, especially in the luxury sector, for new villas and apartments. You can profit from it.
For more information about buying property in 2023 in Dubai, please contact our real estate agency. Our agents will answer all your questions
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Dubai real estate figures: January 2023
Dubai real estate: January 2023
Do you want to invest in real estate in Dubai in 2023, but still have doubts? Not sure you have all the information you need to make informed investment decisions?
This article is for you! Find out how Dubai’s real estate sector will perform in January 2023.
First week of January 2023:
Dubai real estate off to a flying start
Dubai’s real estate sector continues to grow, with a strong start in 2023. If you’re planning to buy a new property, it’s best to do so before property prices reach higher levels.
According to figures published by the Dubai Land Department, total real estate transactions in the Arab emirate reached AED 10 billion in the first week of the year alone, equivalent to $2.72 billion.
To give you an idea of price trends, in Marsa Dubai and Al Thanyah Fifth, for example, where the highest number of transactions were recorded, land was sold for AED 623 million (USD 170 million) and AED 77.23 million (USD 21 million) respectively.
In the first week of January 2023, 270 plots of bare land were purchased, while 1,907 apartments and villas were sold for a total of AED 4.89 billion (USD 1.3 billion). This is a better performance than in the last week of December 2022.
Over the past week, 170 bare plots were sold, while transactions involving villas and apartments totalled AED 5.64 billion (AED 1.5 billion).
This steady rise in transaction volumes and property prices from the first week of January 2023 speaks volumes about the level of rental yield that the city promises buyers and investors.
January 2023: State of the real estate sector in Dubai
The qualitative upturn seen in Dubai real estate in the first week of January 2023 has further stimulated property purchases and investment projects in the city.
Thus, from January 2022 to January 2023, average prices rose by 10.6%, with the highest increase recorded for villas, whose average purchase price rose by 12.9%. There was also a 10.3% increase in the average purchase price of apartments over the same period.
In January 2023 alone, the Dubai Land Department recorded 9,229 property transactions, representing an increase of almost 69.2% on the number of sales in January 2022.
For the month of January 2023, the average rent for a rented apartment in Dubai is AED 98,307 (USD 26,800), while villas are rented at an average price of AED 290,242 (USD 79,000).
Per square meter, the average cost of an apartment in Dubai was AED 1,196, or USD 330, while a villa cost around AED 1,411, or USD 390 per square meter.
While these are interesting performances for real estate agents and investors alike, these sales prices and rents still haven’t reached the records set at the end of 2014. Apartment prices in January 2023 are still 19.6% lower than in 2014, while villa prices are 2.4% lower.
In other words, there is a ceiling which has not yet been reached, and which may be reached in the course of this year or beyond. If you’re thinking of getting into residential real estate or rental property investment in Dubai, now could be the time to start building up your real estate assets.
Whatever the nature of your real estate project, you’ll find several types of property to suit your needs.
Why invest in Dubai real estate in 2023?
Given the recent sharp fluctuations in share prices, most investors prefer to invest more capital in rental property.
In particular, the choice of large cities for the purchase of rental properties is justified by rental demand and rental profitability, which are generally higher than average.
What’s more, current trends suggest that price trends in both residential and rental property will continue. So if you want to invest inapartments or villas for rental, Dubai offers you the guarantee of stable income, high rents and attractive capital gains on resale.
Just look at the dynamism of the real estate sector, the numerous new real estate developments and the massive hotel complexes that are continually being built in the city.
Indeed, Dubai is almost never short of new property offers, which is not the case for most of the French real estate sector.
The Arab emirate also offers a highly attractive tax and administrative advantage to foreign investors, with a rent control policy that is more favorable to property sales.
That said, make sure you invest wisely, in the right neighborhood at the right time, with the right real estate agency, to maximize the chances of finding tenants more quickly. Above all, you need to identify the right time to invest. And that moment is undoubtedly now.
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Information and process of a real estate purchase
Information and process of a real estate purchase
We’ve put together a beginner’s guide tobuying a dream apartment in Dubai. Investing in or buying real estate is not always easy, especially when you’re far from the country in question, even if Dubai is only a few kilometers from France.
Embarking on your first purchase on the other side of the world can be fraught with risks, which is why you need to be sure you understand all the particularities and characteristics of the Dubai real estate market. You may think that becoming a homeowner in France is easier than in Dubai, but it’s not.
If you’re reading this article, it’s probably because you’re aware that many French people decide to invest in Dubai, and the advantages and benefits are incredible!
We’ll explain why it’s so attractive to invest in an apartment in Dubai, and what you need to do to get started.
What should you watch out for? Or how to make sure you’ve got the best financing plan for the apartment of your dreams?
Why is Dubai such an investor's dream?
Contrary to popular belief, all these high-tech jewels are attracting wealthy investors and families looking to rent in Dubai.
New residents don’t arrive by the thousands by chance, as the price of m2 in Dubai defies all competition. It’s worth noting that the purchase price per square meter of housing in Dubai is lower than in most major European cities.
The average price is €2,000, while in London it’s €15,000 per m2, and in Paris prices hover around €10,000 per m2! It’s easy to see why investing in Dubai is much more affordable than in the rest of the world, especially since the amenities and comfort of the apartments here are nothing like what you’ll see elsewhere: in Dubai, you’ll have a luxury apartment!
If you’re still not convinced, we’ll show you all the tricks of the Dubai investment trade, so you can feel confident about your purchase.
Whether you’re simply looking to invest for high rental yields or to become a permanent resident, Dubai is the place to be!
We are fully aware thatbuying a villa in Dubai is an investment of many years or a lifetime. That’s why we want to make sure you have all the information you need to ensure the success of this major project.
The Dubai market is constantly evolving, with legislation that is very different from that in France.
Essential information before buying property in Dubai
It’s essential to understand the Dubai real estate market before investing. It’s a dynamic and constantly evolving market, offering a variety of property types, from apartments to luxury villas.
Prices vary considerably depending on location, property type, size, amenities and market conditions.
Another important factor to consider is Dubai’s real estate laws. Foreigners have the right to own real estate in designated “freehold” areas.
What’s more, the Dubai government has introduced investor-friendly regulations, including the Property Investor Residence Visa, which allows homeowners to live in Dubai for an extended period.
Finally, the tax aspect is also important. Dubai is known for its favorable tax regime, with no income or capital gains tax, which is very attractive to international investors.
Identify your criteria
Dubai real estate profile
For a number of years, property and apartment prices have fallen drastically. Dubai’s communities have multiplied and evolved.
For a long time, expatriate workers couldn’t afford to buy a home in Dubai, as supply was lower than demand. Those days are long gone, as one property developer follows another.
The vast majority of employees can now own their own home in Dubai. At the same time, the financial capital of the United Arab Emirates has become the 4th city in the world to attract the most foreign tourists. As a result, investors are constantly buying new properties.
But why Dubai? The answer is simple: here, returns on investment are very attractive! The Dubai real estate market stands out from the rest of the world thanks to its many advantages: simplified and transparent procedures, no taxes whatsoever, extraordinary rental yields, unrivalled financing plans, and much more…
Defining your purchasing project
Once you’ve decided whether to invest in a rental property or buy an apartment yourself, it’s important to ask yourself the following questions so that our team can best define your purchasing project:
1. How many bedrooms would you like in your apartment? In Dubai, you can choose between 1, 2, 3 or 4 bedrooms in the vast majority of cases.
2. Are you looking for an apartment that’s already been built, or would you prefer to buy off-plan from one of the developers in our catalog?
3. Have you already decided which Dubai community you’d like to live in? If not, our experts will be there to help you.
4. What budget will you allocate to this investment? Will you need to take out a loan with a Dubai bank? Or use a financing plan?
5. When are you going to buy this apartment? Now, in 6 months, or in 1 year? This is a key factor in Dubai’s fast-changing real estate market.
Define your budget and find the right property
The investment you’re about to make is probably the investment of a lifetime, or at least of the next few years.
That’s why we need to make sure that your projected financing is reliable and balanced. In this way, we can guarantee that you are in a position to bear the costs arising from the purchase of this apartment.
Of course, we’ll be there every step of the way, supporting you every step of the way. You should know that the best apartments for sale don’t stay on the market for very long.
Therefore, to successfully negotiate the best opportunity, you need to position yourself very quickly! That’s why it’s so important to organize your financial plan in advance, so you don’t miss out on a good opportunity.
Monthly installments for a financing plan
As a general rule – and this applies to all property purchases, regardless of the country you choose – it’s best to have a monthly repayment of no more than 25% to 30% of your salary.
This is crucial to ensure that you are perfectly able to repay your bank loan without any financial worries. If you wish, our experts will work with you to put together the necessary documents for you to submit to Dubai’s banking institutions.
And don’t forget all the fees and charges that may be added to your bank loan. They may differ depending on the property developer you choose.
Financing plan information
Payment facilities, otherwise known as payment plans, ensure that you can pay off your apartment without difficulty.
In Dubai, this type of investment is the norm. In the vast majority of cases, contracts allow you to repay more than half of the total amount of your investment years after handover.
Payments can be staggered over up to 12 years. This means you can become a homeowner without having to invest too much in the first place.
Examples of payment plans :
All our payment plans are guaranteed commission-free and interest-free!
The apartment of your dreams, listed on our site at AED 1,250,000, will cost you nothing more. For example, a payment plan at developer Ellington Properties for an apartment costing €150,000 would be settled as follows:
– 15 % to be paid when booking the apartment
– 35% to be paid during construction, then 50% on handover of keys
And since all real estate procedures in Dubai are designed to make your life easier, you should know that property developers will not ask you for any supporting documents.
In fact, in Dubai, we consider that if you are able to pay a 20% deposit at the time of signing the transfer of ownership, including notary fees, you are in a position to assume the total settlement of this transaction.
To conclude
You’re now well equipped to get to grips with the Dubai real estate market, and to find, we’re sure, the apartment of your dreams. The unattainable, the dream, the luxury, are all within reach!
Our teams, as well as all our real estate agents, are at your entire disposal for all your apartment searches. Don’t hesitate to contact us for a pre-selection of apartments, and we’ll draw up a complete list of apartments to meet all your requirements!
To facilitate your real estate purchase in Dubai, trust our real estate agency Dubai Real Estate | Net.
Choosing your property
Area and services
You can start by asking yourself how many bedrooms you need, as well as the ideal number of living areas. Would you like your own balcony or swimming pool? In Dubai, you can never dream too big, because absolutely everything you want is possible!
The majority of new developments by real estate developers are located in large, extremely secure complexes, with security guards and video surveillance cameras to back them up. Depending on the level of service you choose, you may have access to a 24-hour concierge service, valet parking, a
clubhouse, kids’ clubs and even a crèche! Here, the staff are at your service from morning to night, and can take care of all your everyday worries. Naturally, all our homes are equipped with air conditioning and state-of-the-art amenities.
Luxury in Dubai
First and foremost, Dubai is all about pharaonic, luxurious real estate structures that you’ll never see anywhere else. We can almost guarantee that the residence in which your apartment will be located will be equipped with one or more swimming pools!
Lagoons, infinity pools, wellness complexes with hammams, saunas and spas, tennis courts and gyms are commonplace in Dubai. Everything you need is at your fingertips.
In addition to all these exclusive amenities and services, you’ll find shopping centers, restaurants and cafés, international schools and private clinics close to your home or community. Here, everything has been thought out to make your life easier, so that you’ll never want to leave Dubai.
Obtaining your residence visa
In Dubai, the government gives you access to residence visas if you buy real estate in the country.
It’s with this precious sesame that you’ll be able to settle down permanently with your family. Legislation is very lenient and the financial aspect is particularly advantageous.
To obtain a residency visa, you’ll need to invest in an apartment worth at least AED 750,000 (€225,000). Even at this price, you’ll find some of Dubai’s finest apartments.
For more information, read our article :
Investing and becoming a resident in Dubai
Opening a bank account in Dubai
Opening a bank account in Dubai is a must for reassuring financial investments at a distance.
The Dubai real estate market has been so attractive and lucrative in recent years that banking institutions have had to catch up: you can now easily find a bank in Dubai as an expatriate!
To validate your final financial transaction, you will, in the vast majority of cases, be required to provide a manager’s cheque at the same time as transferring your capital.
That’s why it’s virtually impossible to avoid opening an account in Dubai. The process is so simple, why not take advantage of it? Whether you are a permanent resident or a non-resident, you are entitled to have a bank account in Dubai.
The only thing that changes for people without a Dubai residency visa is that they are not allowed to have a current account in the country. However, a standard bank account is available. In the same case, i.e. for non-residents, you won’t be allowed to have a cheque book when you open your bank account.
On the other hand, there is no contraindication to obtaining a debit card, although the authorized threshold for withdrawal balances may vary.
So it’s best to start banking once your residence visa has been issued by the authorities. In this way, you can benefit from all the advantages that Dubai banks have to offer.
To do this, you’ll need to prepare a few documents to present to your bank: a copy of your valid passport with the UAE entry stamp, your up-to-date CV, a letter of recommendation from your banker and your last 6 bank statements.
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Buying an apartment in Dubai
Dubai, a glittering city of dazzling skyscrapers and innovative real estate developments, offers unrivalled appeal for property investors. One of the most common investments for residents and foreigners alike is buying an apartment in Dubai.
However, before proceeding, it is essential to understand the benefits, the dynamics of the real estate market, the buying process and the factors to consider when purchasing an apartment in Dubai.
The advantages of buying an apartment in Dubai
Buying an apartment in Dubai has many advantages. In addition to its luxurious quality of life and pleasant year-round climate, the city is politically stable and offers exceptional security, making it an attractive residential destination for people from all over the world.
What’s more, Dubai offers an attractive return on investment (ROI) for apartment purchases, generally higher than in cities like London, Paris or New York.
In addition, the UAE government has implemented regulations favorable to foreigners wishing to buy an apartment in Dubai, allowing non-residents to acquire freehold property in designated areas.
Finally, with the introduction of the long-term residency visa for property investors, homeowners have the option of living in the country for an extended period, adding another advantage to buying an apartment in Dubai.
Understanding the Dubai real estate market
Dubai’s real estate market is dynamic and constantly evolving. Like any investment, buying an apartment in Dubai requires a thorough understanding of the local market.
Apartment prices in Dubai can vary depending on factors such as location, apartment size, proximity to amenities and current market trends.
Real estate in Dubai is regulated by the Real Estate Regulatory Agency (RERA), which guarantees the transparency and security of property transactions.
Property developers must be registered with RERA, so buyers can be assured of the reliability and legality of real estate projects.
The process of buying an apartment in Dubai
The process for buying an apartment in Dubai is clear and well-regulated. It starts with finding the right apartment for your needs and budget. This can be done online or through a certified real estate agent.
Once you’ve found the ideal apartment, you can begin negotiations with the seller or developer. Once the price has been agreed, a preliminary sales contract, or Memorandum of Understanding (MOU), is signed by both parties.
Next, the buyer must pay a deposit, usually 20% of the sale price. Once the deposit has been paid, the balance of the purchase price must be settled in accordance with the terms of the agreement. Ownership is then transferred to the Dubai property registry office.
Factors to consider when buying an apartment in Dubai
There are several factors to consider when buying an apartment in Dubai. Location is one of the main factors to consider, with popular areas such as Downtown Dubai, Palm Jumeirah, Dubai Marina and Jumeirah Lake Towers offering a variety of options.
Property type is another key factor. You can choose between a condominium, a service apartment or a duplex apartment, depending on your needs and lifestyle.
Finally, budget is a key factor when buying an apartment in Dubai. It’s essential to establish a clear budget and take into account additional costs such as real estate agent fees, property transfer fees and annual maintenance costs.
In short, buying an apartment in Dubai can be an excellent investment, provided you have a good knowledge of the market and take all the relevant factors into account. Whether you’re looking for a profitable investment or a luxurious residence, Dubai has a lot to offer.
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Buying a villa in Dubai
Buying a villa in Dubai is a tempting decision for many international buyers due to its attractive climate, luxurious lifestyle and position as a global hub for business and leisure.
Yet buying a villa in Dubai involves a series of procedures and regulations that are crucial to understand. Here’s an overview of the key stages in the process. Buying a villa in Dubai
The advantages of buying a villa in Dubai
Dubai offers a unique blend of traditional Arab culture and Western modernism.
This fascinating combination gives the city a dynamic, cosmopolitan atmosphere that is hard to find anywhere else in the world. Dubai is also famous for its world-class infrastructure, superior education system, first-class healthcare and international working environment.
What’s more, Dubai’s economy is robust and stable, offering a wealth of opportunities for investors. Property prices in Dubai are generally lower than in other major cities around the world, making the purchase of a villa in Dubai an attractive option for many international buyers.
Dubai also has liberal property regulations, allowing foreigners to own real estate outright.
Finally, the Dubai government offers residency visas to real estate investors, making life in Dubai easier for villa owners. Buying a villa in Dubai
Understanding the Dubai real estate market
Before you set out to buy a villa in Dubai, it’s important to understand how the local real estate market works. Like all real estate markets, Dubai’s is subject to fluctuations.
Prices can vary according to various factors, such as location, property size, proximity to amenities and market trends.
It’s also important to note that the Dubai government has laws in place to protect property buyers and sellers.
For example, all real estate projects in Dubai must be approved by the Real Estate Regulatory Authority(RERA), which ensures that developers comply with quality and safety standards. Buying a villa in Dubai
The buying process in Dubai
The process of buying a villa in Dubai is relatively straightforward. The first step is to find a villa that meets your needs and budget.
You can do this by working with a local real estate agent or by searching for properties online.
Once you’ve found the villa you want to buy, you need to negotiate the price with the seller. Once you’ve reached an agreement, you’ll need to sign a sales agreement.
This agreement stipulates the details of the transaction, including the purchase price, closing date and conditions of sale.
Then you’ll have to pay a deposit to secure the property. As a general rule, the deposit is 10% of the purchase price. After paying the deposit, you usually have 30 to 60 days to pay the balance of the purchase price. Buying a villa in Dubai
DRN's five tips for buying a villa in Dubai
If you’re looking for your very first villa, Dubai is an ideal location. With a fast-growing economy and lots of new construction, the range of properties currently available is diverse and varied.
However, buying a villa in Dubai can be a daunting experience, especially if you’re not yet familiar with the buying process, or simply with the city.
That’s why we’ve put together a list of five tips for first-time buyers of residential property in Dubai.
Keep these tips in mind and you’ll be well on your way to finding the perfect property for your life! Buying a villa in Dubai
1 - Assess your solvency and determine your budget
One of the most important things to do before starting your search for a residence is to determine your budget.
What you can, or cannot, afford to pay each month to obtain it. This doesn’t just mean getting a mortgage, it also means being aware of all the other factors involved.
potential costs associated with buying and owning property in Dubai. These can include service charges, condominium fees and utility deposits.
Once you have a good idea of your budget, you’ll be able to narrow down your search to properties that match your needs.
To estimate your project! Buying a villa in Dubai
2 - Remain vigilant in the face of false advertising
Another important tip. Watch out for fake ads. If something seems too good to be true, it probably is.
Be sure to research any property or agent you’re considering working with, and only pay out money when you’re 100% sure everything is legitimate. Buying a villa in Dubai
3 - Choose a location that reflects your personality
When it comes to buying a villa in Dubai, location is an essential consideration. Buying a villa in Dubai
You need to consider things like the surrounding neighborhood, public transport and local schools, if you have children.
If you’re unfamiliar with the city, it’s a good idea to spend some time exploring the different neighborhoods in Dubai before making a final decision.
This will give you a clearer idea of the area that best suits your expectations and the construction of your life project.
It’s very important to insist on this word, since you’ll need to project yourself into a perennial universe. Buying a villa in Dubai
4 - Use a real estate agent
Once you’ve chosen a location, the next step is to find a reputable local real estate agency.
This person will be able to guide you through the property-buying process and help you avoid potential pitfalls. Ask for recommendations or check online reviews to find an agency and agent that meet your needs.
The DRN Real Estate team will be delighted to carry out a customized diagnosis and research based on your various criteria. Buying a villa in Dubai
5 - Determine your lifestyle
Finally, it’s important to know your lifestyle priorities. Do you want to be at the heart of the action, or do you prefer a more relaxed, greener, more natural environment?
Are you looking for a family-friendly neighborhood, or would you prefer a location with plenty of nightlife and entertainment? Once you’ve answered these questions, you’ll have a much better idea of what type of property to look for.
This will make it easier for an agent to direct you to a neighborhood that meets your criteria.
Keep these five valuable and fundamental tips in mind and you’ll be well on your way to buying a villa in Dubai.
Looking for more information about buying a villa in Dubai? Contact our real estate experts. At DRN, we guarantee you objective advice, whatever your purchasing needs. Buying a villa in Dubai
Our role is to help you make the right decisions and secure your project, from the diagnosis of your real estate project to the handover of the keys. Buying a villa in Dubai
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Dubai real estate figures for 2021
The UAE real estate market is the fastest growing in the EMEA region in 2021, and almost 80% of real estate professionals are convinced that the UAE real estate market will continue to accelerate in the current year.
While the UAE’s ultimate goal is to position Dubai as the world’s leading tourist destination and commercial hub, the Tourism Board’s mission is to raise its profile with the international public and attract foreign tourists and investors to this futuristic El Dorado.
2021, an unprecedented record year
The figures speak for themselves. Dubai’s real estate market proved remarkably resilient during the pandemic.
Slowing down since 2017, the Emirati economy has been severely weakened by Covid-19 through the collapse in oil prices, while the majority of state revenues are based on hydrocarbons. As a result, Emirati GDP fell by 6.1% in 2020.
The pandemic has also had a major impact on the non-oil sector, which relies mainly on services (tourism, real estate, distribution, air and sea transport) and of which Dubai is the spearhead. The non-oil sector thus recorded a 6.2% recession in 2020.
Nevertheless, the country’s economic fundamentals remained solid thanks to Abu Dhabi and a gradual recovery in activity. In the last quarter of 2021, the real estate market in the United Arab Emirates experienced record growth since its inception.
In November 2021, Dubai recorded its best sales month ever, with a total of 6,989 transactions worth 17.95 billion dirhams.
In terms of transaction volumes, Dubai has identified a total of 60,900 for 2021, representing a 75% increase on 2020 and a 55% increase on 2019.
This trend can be explained by a number of key factors in 2021:
– The Dubai authorities reacted particularly well to the Covid-19 crisis, managing it rapidly with mass vaccination from the very start of the pandemic. Sanitary protocols, on the other hand, were fairly well respected by the population and tourists alike.
– A meteoric 57% increase in the number of real estate agents, working for over 1,800 real estate agencies in Dubai.
– Support for the World Expo, which begins in October 2021. An event that sparked an explosion in tourist numbers.
– Unprecedented demand from global investors seeking alternative residency and citizenship options following the turbulence and uncertainty caused by the COVID-19 pandemic.
–Strong demand for luxury properties, where the volume of sales of apartments worth more than AED 10,000,000 has increased by 235% compared to 2021 and by 115% compared to 2013.
Some figures on the evolution of the number of sales recorded over the year 2021 in Dubai, by property type (according to Dubai Land Department):
39,600 apartments (+60.98% compared with 2020)
8,700 villas (85.69% compared with 2020)
2,400 commercial premises (103.71% compared with 2020) 10,300 plots of land (115.53% compared with 2020)
Focus on property price trends in Dubai in 2021
It’s important to note that Dubai’s real estate market in 2021 will be characterized by three major trends: a rise in demand for luxury apartments, a massive increase in villa sales and a sharp rise in rental prices across the city.
This set new all-time records, including the highest sales value ever recorded, at over AED 150 billion, and one of the highest sales volumes since 2013, with over 60,500 properties.
It’s also the best year ever for on-plan property sales volume, with 25,000 properties sold throughout 2021.
We also boast the highest volume of villa sales ever recorded in Dubai’s history, with some 7,580 off-plan villas and 6,000 villas for secondary purchase. On the apartment side, we also set a record since 2013, with an explosive sales counter of 39,570 apartments.
In addition, more than 35,000 properties have been delivered and another 21,500 launched. More than 55,000 properties are scheduled for delivery in 2022.
As a result, Dubai’s real estate market has recovered and performed well beyond expectations.
A global event with an impact on property prices in Dubai
The year 2021 records 25,280 off-plan transactions, an increase of 51% on 2020, while ready-to-use property transactions have risen by 92% on 2020 to 36,400 transactions. Fäm Properties expects to deliver over 35,000 units by 2021. Emaar leads the way with 20%, Damac 16% and Dubai Properties 4%.
We have detailed the main delivery areas for investors in 2021:
- MBR City, 13,447 (11%)
- Business Bay, 12,458 units (11%)
- Marina, 7,214 units (6%)
- Damac Hills, 7,210 units (6%)
- Downtown, 5,908 (5%)Compared with 2020, units launched increased by 69.83 % to over 21,700 units, representing 103 real estate projects. Properties launched are mainly concentrated in Mohammad Bin Rashid Al Maktoum City (3,626 units), Damac Hills Dubai (3,377 units), Business Bay (1,898 units), Jumeirah Village Circle (1,535 units), Dubai Investment Park (1,174 units), Al Furjan (1,168 units) and Arabian Ranches (1,023 units).
Dubai, a fascinating real estate destination
The Persian Gulf’s flagship city welcomed 7.28 million visitors worldwide, for one night or more, between January and December 2021.
Representing growth of 32% over the year, this marks a significant step in the recovery of global tourism, and puts the city on the path to sustainable growth, on its way to becoming the world’s most visited destination.
According to the latest data published by the Department of theDubai Department of Economy and Tourism (DET)International visits to the city exceeded 3.4 million in Q4 2021, reaching 74% of total tourist arrivals prior to the pandemic in Q4 2019.
Hotel occupancy levels even exceeded pre-pandemic levels, with an average occupancy rate of 67%, representing one of the highest occupancy rates in the world.
This positive trend is set to continue throughout the current year. Indeed, visitor numbers for 2021 demonstrate the resilience of the destination and the recovery of the tourism sector.
They reaffirm the sector’s role as a key driver of economic growth, while lending further credibility to Dubai’s recent accolade as the world’s most popular destination in the Tripadvisor Travellers’ Choice Awards 2022.
Dubai’s real estate prices are far more affordable than those of the world’s other major metropolises.
In fact, you only need to compare real estate prices, particularly per m2 in Dubai and other cities such as Paris, London or New York, to notice a remarkable difference. Similarly, Dubai’s real estate market is managed efficiently and effectively.
The report notes that the first half of 2022 saw a number of successful and noteworthy project launches, achieved in the wake of renewed optimism in the real estate market. The latter was initially supported by a strong secondary market.
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Working in Dubai
Dubai is a major hub for international business and trade. The city offers a business-friendly environment and a wide range of opportunities for professionals in various sectors.
Here are a few points to consider when working in Dubai.
Dubai's dynamic economic environment
Dubai is a destination of choice for professionals from all over the world. The city offers an extremely dynamic economic environment, reinforced by tax-free zones offering significant tax incentives to businesses. Dubai is the main commercial center of the United Arab Emirates, a position that has been facilitated by its strategic geographical location, liberal economic policy and massive investment in infrastructure and information technology.
Key sectors
Dubai has a diversified economy, with opportunities in many sectors. Tourism, real estate, commerce and finance are the mainstays of Dubai’s economy.
However, the city is also developing as a center for information technology, clean energy, transportation and logistics, and more.
- Tourism: Dubai is a major tourist destination attracting visitors from all over the world. With its impressive landscapes, unique architectural structures such as the Burj Khalifa, luxury hotels, huge shopping malls and varied tourist attractions, tourism is a vital sector of Dubai’s economy.
- Real estate:Dubai real estate is another key sector in Dubai, with significant growth in the construction of residential skyscrapers, shopping malls, offices and hotels. Dubai’s real estate sector is renowned for its bold, futuristic architecture.
- Finance and Services: Dubai is a major financial hub for the Middle East. The Dubai International Financial Centre is home to numerous international banks, investment funds and financial services companies. Legal, consulting and IT services are also important to the city’s economy.
- Commerce and retail: Dubai is a major commercial center, with a significant retail presence thanks to its many shopping malls and markets. Dubai also hosts international exhibitions and trade fairs, attracting companies from all over the world.
- Energy: Although Dubai’s economy is becoming increasingly diversified, oil and gas remain important sectors. However, the city is also investing in renewable energies, such as solar power.
- Technology: Dubai has made huge efforts to become a technology hub, investing in digital infrastructure and encouraging startups. The city’s technology sector is booming, with a focus on artificial intelligence, fintech and e-commerce.
- Logistics and Transport: Thanks to its strategic geographical position between East and West, Dubai is a major hub for logistics and transport. Dubai airport is one of the busiest in the world, and the port of Jebel Ali is the world’s largest artificial harbor.
These sectors drive Dubai’s economy and offer numerous opportunities for investors and professionals.
Dubai's work culture
Business in Dubai is unique, combining elements of both Western and Eastern cultures. Expatriates will have to adapt to a complex multicultural environment.
It is essential to understand and respect local customs, including the culture of respect and hospitality. The work week runs from Sunday to Thursday, with flexible working hours common in many industries.
Networking opportunities abound, especially at the many professional events held in Dubai throughout the year.
Tips for working in Dubai
To be successful in Dubai, it’s essential to prepare your move properly. This involves understanding work visa requirements, obtaining recognition of professional qualifications and finding suitable accommodation.
It’s also important to develop a professional network and adapt to the local culture. Being open, respectful and patient will go a long way to helping you succeed in this dynamic and diverse environment.
Finally, a good knowledge of English is essential, as it is the main language of business in Dubai.
Taking advantage of vacations
The notion of days off, or free time, plays a crucial role in maintaining work-life balance, contributing to a healthier, more productive life.
In many countries, these days are usually Saturday and Sunday, but in Dubai, weekends run from Friday noon to Sunday. This difference stems from the religious tradition of Islam, where Friday is considered a sacred day of prayer.
Having time off on these specific days offers workers a much-needed break from the hectic pace of the working week, allowing them to recharge and revitalize.
These days off are often devoted to family, leisure, exercise, travel and sometimes to pursuing personal projects or learning new skills.
Many workers take advantage of this time to relax, visit Dubai’s many attractions or travel to the surrounding Emirates.
However, in a dynamic and competitive city like Dubai, the pressure can sometimes be on to work beyond normal working hours or even at weekends.
So it’s crucial to understand and respect the importance of days off for mental and physical health. They help reduce stress, prevent burnout and improve overall job satisfaction.
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Qatar 2022: World Cup
World Cup 2022: Dubai, the next hub
The countdown is on. In less than 3 months, the 22nd edition of the 2022 World Cup will take place.
Hosts Qatar will open the competition against Ecuador on November 20 at 7pm at the Al-Bayt stadium in Al-Khor, north of Doha. The opening ceremony promises to be spectacular, with over 2 million tickets already sold.
To mark the occasion, the city of Dubai is decked out in lights and preparing for almost complete occupation throughout this new FIFA competition.
Dubai's first soccer hotel to open in November
Dubai plans to kick off the 2022 World Cup with the launch of NH Dubai The Palm in November. A football-themed hotel, and the first of its kind in the United Arab Emirates.
Offering breathtaking views of the Arabian Sea, the Marina skyline, the Burj Al Arab and the Dubai Eye, it features 533 rooms, a rooftop infinity pool, beach access and unique amenities, as well as a sports bar that will become a fan zone for soccer fans to enjoy watching the games.
Located to the west of The Palm Jumeirah, NH Dubai on The Palm will become a focal point for fans travelling to Qatar to attend the region’s biggest sporting event.
However, as the event kicks off closer to November 20, demand for hotel rooms has surged in recent weeks.
The Football Fans Dubai experience, organized by tourism agency Expat Sport, will offer special rates for this unique and immersive sporting experience.
Day trips to Doha and welcome packages
Fans visiting Doha for a day and staying at the hotel will receive welcome packs, tickets and discounts to attend matches in other fan zones around the city.
Return transfers will be provided from the NHO hotel to Dubai airport (DWC) and from Doha airport (DIA) to the 2022 World Cup stadium.
Shuttles will also be provided for fans to attend other matches in the city’s official fan zones, at the Port of Dubai, the Coca-Cola Arena and the DIFC Football Park.
Expat Sport offers a four-night stay for 4,700 dh (≈ 1,290€), 9,400 dh (≈ 2,580€) for eight nights and a 12-night package for 14,200 dh (≈ 3,900€), all including accommodation in a double or twin room.
Travel and hotel packages will be available exclusively to people who already have a match ticket purchased from FIFA or elsewhere. Welcome packages will start at Dh3,500 (≈ €960) for a group match and include stadium parking, food and drink.
The most expensive welcome package will consist of a seat in the Pearl Lounge at Dh18,000 (≈ €4,940) per person for a group match. It includes a six-course meal, entertainment, cocktails and a dedicated concierge service.
However, those wishing to upgrade to the prestige level can book a stadium suite for the modest sum of Dh82,450 (≈ €22,620), which will give you access to a private dining experience.
A global event with an impact on property prices in Dubai
With Dubai less than an hour’s drive from Doha, the city’s hotels should be almost fully booked over the coming months.
The fact remains that tens of thousands, if not millions, of soccer fans will flock to neighboring countries to find accommodation. Dubai’s hotel offerings are set to reach new heights between November and December.
As are requests to rent apartments or villas from individuals on Airbnb.
“Fans of South American and major European teams are creating the most demand for hotel rooms, as fans expect their nations to reach the latter stages of the tournament,” said David Allen, Managing Director of Radisson Hotels. “As there is little or no availability in Qatar, we are seeing a lot of interest in this country. Reservations are on the order of 50 to 100 people at a time”, he announced.
Given the ability of the UAE authorities to pull out all the stops when it comes to major events, there’s no doubt that Dubai will be “The Place to Be” for fans during the 2022 World Cup.
A considerable influx of potential investors will go hand in hand with the tourist wave, which will not be short of resources for an event as expensive as the 2022 World Cup.
Owners will therefore be banking on demand during this global event, and capitalizing on this incredible opportunity for the whole world to discover the beauty of Dubai and the quality of life in the Emirates.
A rebound in occupancy
Qatar’s upcoming 2022 World Cup has created an air of optimism in Dubai’s hotel sector.
The recent announcement of the cooperation of several Gulf airlines to offer visitors daily shuttle flights to Qatar, such as Air Arabia and Fly Dubai, will enable fans to stay in cities like Dubai and fly for the day, guaranteeing a busy season for the whole region.
Colliers’ analysis in its latest Mena Hotel Forecast suggests that a huge rebound in the tourism industry will occur in the last quarter of 2022.
Dubai Creek and Festival City hotels are expected to see the biggest increase in occupancy rates since 2021, up 19% to an estimated 77% for the year, according to the Colliers report.
Hotels in the DIFC and along Sheikh Zayed Road should see a 17% increase to 73% occupancy, and Abu Dhabi Beach hotels should see a 17% increase to around 64% occupancy.
Get ready for a great World Cup 2022 in a host country that knows how to welcome.
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Lifestyle in Dubai
Dubai really is an exhilarating place that offers the potential for an exceptional lifestyle, which still retains a conservative tradition that you’ll have to accept if you choose Dubai.
If you’re the kind of person who likes luxury and excitement, this emirate is the perfect place to call home. Dubai, as a destination, is a personal choice: some people love it, some people hate it.
However, what’s certain is that if you love it, you can save an incredible amount of taxes and potentially create far more wealth than you could ever make at home!
Social life
Social life in Dubai is dynamic, diverse and enriching, offering a variety of activities to suit all tastes and interests. The city is known for its exceptional culinary scene, with a myriad of restaurants serving cuisines from all over the world.
Whether you’re looking for a luxurious dinner in a Michelin-starred restaurant, an authentic experience in a street café, or an extravagant brunch (a popular Dubai tradition), you’ll never run out of options.
Social life in Dubai is also marked by its cultural diversity. The city is a veritable melting pot of cultures, with residents of over 200 different nationalities. This diversity is reflected in every aspect of social life in Dubai, from festivals and celebrations to culinary traditions.
All in all, social life in Dubai offers a unique experience, blending modernity and tradition, luxury and simplicity, and unrivalled cultural diversity. Whether you’re an inveterate night owl, a gourmand, or simply looking for new cultural experiences, Dubai’s social life has something for everyone.
Entertainment
Dubai is also famous for its vibrant entertainment scene. The city offers a wide range of activities for all ages and interests.
For shoppers, Dubai is a paradise, with its many luxurious shopping malls, designer boutiques and famous gold market. In addition, the city hosts the annual Dubai Shopping Festival, a month-long event featuring incredible discounts, cash prizes, and live entertainment.
Dubai also offers a multitude of outdoor activities. You can enjoy water sports at the beach, ski in the desert, or even ski on snow at the Mall of the Emirates.
For culture lovers, Dubai has a thriving arts scene with numerous art galleries and cultural events throughout the year. In addition, the Dubai Opera hosts a variety of performances, including operas, ballets, concerts and theater shows.
Finally, for those looking to enjoy the nightlife, Dubai offers a variety of bars, clubs and lounges, including rooftop venues with spectacular views over the city. However, it is important to note that alcohol consumption is strictly regulated in Dubai.
Luxury and comfort
The first thing that springs to mind when one thinks of Dubai is luxury. The city is known for its glittering skyscrapers, high-end shopping malls, luxury hotels and gourmet cuisine.
Dubai’s streets are lined with luxury cars, and the Burj Al Arab, often described as the world’s only seven-star hotel, is an iconic symbol of the city.
Life in Dubai can be incredibly comfortable. Residences offer top-of-the-line amenities, and the city is known for its exceptional customer service.
What’s more, despite the hot climate, the city is equipped to offer maximum comfort, with ubiquitous air conditioning and a multitude of indoor activities.
Respect for Tradition
For all its modernism and glamour, Dubai remains deeply rooted in Arab culture and tradition.
It’s a city where muezzins call for prayer five times a day, where residents wear traditional clothes such as dishdasha for men and abaya for women, and where respect for traditions and customs is an integral part of daily life.
During the holy month of Ramadan, for example, social life takes a different turn, with fast-breaking meals (Iftars) shared with friends and family, and night prayers (Taraweeh) in mosques.
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Investing and becoming a resident in Dubai
How to become a resident of Dubai by investing?
There are several ways to become a resident of Dubai:
- Be sponsored by a local person
- Employee visa
- Investing in real estate in Dubai
Since September 23, 2021, the investor visa has changed. Prior to this date, for a minimum investment of 1 million dirhams, investors can apply for a 3-year renewable resident visa. Now, for an investment of 750,000 dirhams – around €175,000 – become a resident of Dubai, and you’ll have access to a 3-year renewable visa. If your investment exceeds 5 million dirhams, your visa will be valid for a renewable period of 5 years.
- The investor
- Wife/husband
- Children
Would you like to invest in the best real estate projects and become a resident of Dubai? Contact our real estate agency, a DRN agent will advise and guide you in the best possible way.
How to become a resident of Dubai
Dubai, as an international commercial center and innovation hub, attracts professionals from all over the world. If you’re thinking of moving to Dubai permanently, here’s an overview of the procedure for obtaining a resident visa.
1. Obtaining sponsorship: To obtain a resident visa in Dubai, you generally need to be sponsored. This sponsorship can come from an employer if you have an employment contract, from a family member who is already a resident, or you can also get your own visa if you want to set up a business in one of Dubai’s many business parks or free zones.
2. Applying for a visa: Once you have obtained a sponsorship, your sponsor (who is usually your employer or a family member) will need to apply for a resident visa on your behalf. Please note that your passport must be valid for at least six months at the time of application.
3. Medical examination: All new residents to Dubai must undergo a medical examination, which includes a blood test and a chest X-ray. These tests are designed to detect diseases such as HIV, tuberculosis and hepatitis. If one of these conditions is detected, the individual can be deported.
4. Issuing the visa: Once the medical examination has been passed and all administrative formalities completed, the resident’s visa will be affixed to the passport. This generally gives the holder the right to reside in Dubai for 2-3 years, after which the visa must be renewed.
5. Emirates ID: Finally, all Dubai residents are required to obtain an Emirates ID, which is a biometric identity card issued by the Federal Authority for Identity and Citizenship. This card is required to access various governmental and non-governmental services in the UAE.
It’s important to note that while this is the general procedure for obtaining a Dubai residency visa, specific requirements may vary depending on factors such as your nationality, employment status and other factors. It is always advisable to consult the relevant authorities or a legal advisor for accurate, up-to-date information.
Documents to be prepared for the residency :
For the investor :
1. The minimum value of the property is AED 750,000.
2. If the property is mortgaged, 50% of the property value or at least AED 750,000 must be paid to the bank. A letter of consent in Arabic and a bank statement of the mortgage will be required to proceed with the visa application.
3. Husband and wife can share the same property and the value of the property is AED 750,000 or more. (certified marriage certificate required).
4. A power of attorney is required if the application is submitted on behalf of the investor.
For the family :
1. Notarized letter of consent from the investor
2. Girl over 18 – single letter
3. Bring a national identity document
4. Original passport and UAE identity card
5. Personal photo
6. Health insurance
7. Certificate of marriage
8. Attested birth certificate
9. Bank account IBAN
10. Son over 18 years of age – school certificate
Residence fees
3-year investor visa :
Total: AED 14,967 – about €3,500
3-year family visa
– Wife 7,061.25 AED – about €1,645
– Girls over 18 years 7,061.25 AED – about €1,645
– Children under 18 6,361.25 AED – approx. €1,470
– Son over 18 ( 5,821.25 AED ) – about 1.355€, for one year only
– Husband ( 5,821.25 AED ) – about 1.355€, for one year only
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10 free places to see in Dubai
10 free places to see in Dubai
Aaah Dubai… Located in the United Arab Emirates, it is now the country’s largest city with almost 3.7 million inhabitants. A symbol of urban development, famous for its futuristic architecture, Dubai is a veritable temple of luxury hotels, some of them shopping malls, but above all, an undoubtedly fascinating Eldorado.
While there’s plenty to do for tourists, it remains the city of all records and all excesses. In fact, it holds the label of “luxury” tourist destination par excellence. Excessively rich in its various wonders, this city never sleeps. But contrary to popular belief, you don’t have to be rich or spend a fortune to discover and visit the depths of Dubai. After all, there are so many things you can do for free.
Discover now our selection of the 10 best free places to visit in Dubai, to discover this fascinating city and prepare an unusual itinerary.
Moon Lake
The desert is an integral part of Dubai. Located at the gateway to the city, just behind the buildings, it is the ideal place to recharge your batteries and escape the hustle and bustle of a megalopolis like Dubai.
When asked what to do in Dubai, after the famous Burj Khalifa tower, the desert is a close second as a must-do activity.
But while exploring the desert on a 4×4 safari remains a timeless tradition, it’s also possible to explore the golden sand dunes in a completely different way.
Did you know about Moon Lake? Recently discovered in the Al Qudra desert. This crescent-shaped lake appeared almost simultaneously with the start of the holy month of Ramadan, in 2021.
It was most probably created by man (as was the Love Lakes, by the way) and is sure to attract a large number of visitors. The view is particularly appreciated at sunrise and sunset.
Mohammed bin Rashid Library
The Mohammed bin Rashid Library, whose complex architecture represents an open book, is the largest library in the Arab world and its most ambitious cultural project.
It is expected to welcome around nine million visitors a year.
The seven-storey building, inaugurated on June 13, houses over 4.5 million books, one of the largest electronic libraries in the world, and book conservation laboratories.
Covering an area of almost 55,000 m², the building houses a wide range of products. However, if you’re not a bookworm, we’d still advise you to stop by and admire this innovative structure.
Jumeirah Mosque
It’s the only mosque in Dubai open to non-Muslims. It’s a beautiful monument, with a large central dome surrounded by two minarets.
The mosque is open from Saturday to Thursday, but you can only enter at 10 am. It’s an opportunity to learn more about Emirati culture and the Muslim religion in an educational and completely open way.
Make sure you wear covering clothing, and a hair veil for women (the mosque provides one on site if you don’t have one). Unfortunately, it’s not a free place, but the fee is very modest: 20 AED (just under 5 euros).
Getting to old Dubai by abra
Cross the creek on an abra, an experience not to be missed! The creek is the inlet that separates the Bur Dubai and Deira districts.
Abras are traditional and typical wooden boats, an ideal means of transport to cross the creek and visit the spice and gold souks. Pass through Khor Dubai, then on to the souks. Take photos of the Burj Al Arab hotel.
Abras are easily accessible from stations along the creek. Departure takes place as soon as the boat is full, approximately every 2 to 3 minutes depending on the schedule.
They operate every day from 5 a.m. To access this activity, you’ll need to spend the modest sum of 1AED per person per trip. Pay on board!
Bur Dubai souk
Delicate gold jewelry, hand-woven fabrics, traditional perfumes and original souvenirs: the Dubai souks are brimming with a thousand and one treasures.
Also known as the “textile souk” or the “old souk”, it is located in the Bur Dubai district, along the Creek.
A favorite haunt of the city’s emerging tailors and fashion designers, its vast array of boutiques is brimming with fabrics including fine silks, lightweight cottons, exotic fabrics and sari fabrics…
You’ll often find fabric wholesalers from India and Pakistan. Choose your favorites and contact one of our tailors, who will be happy to make you a dress, abaya (traditional women’s garment), dishdasha (traditional men’s garment) or tailored suit, which you can pick up in just a few days.
Explore the old town of Al Fahidi
Located in the historic heart of Dubai, the Al Fahidi district offers visitors a unique journey back in time through the narrow, winding streets of the ancient city. Also known as Bastakiya, this is one of Dubai’s oldest neighborhoods, dating back to the 19th century.
With its traditional mud houses, iconic wind towers and shady patios, Al Fahidi is a window into Dubai’s past, before its transformation into a modern global metropolis.
As you stroll through the cobbled streets of Al Fahidi, you’ll be enveloped by the authentic charm of traditional Arab architecture.
The houses in this neighborhood are known for their “Barajeels”, or wind towers, designed to capture and channel the wind into the houses for natural cooling – an ingenious method of air conditioning before the modern era.
The district is also home to several important museums and cultural centers. The Dubai Museum, located in the Al Fahidi fort, is a must for those wishing to understand the region’s history. Nearby, you’ll find the House of Sheikh Mohammed Centre for Cultural Understanding, where you can take part in cultural workshops, traditional meals and guided tours to deepen your knowledge of Emirati culture.
Turtle lagoon Jumeirah Al Naseem
Based in Jumeirah Al Naseem, you can admire turtles at the Turtle Lagoon sanctuary. These graceful creatures have been placed in the Medina lagoons to be cared for and protected. The Emirates Wildlife Protection Office aims to rehabilitate sick and injured turtles, while raising awareness of the threats facing these marine animals.
The enclosure is open to the public free of charge every day, with no need to make a reservation. We recommend that you visit Turtle Island on Wednesdays at 11 a.m. to observe the mealtime.
Traditional fishing villages
On the banks of Dubai Creek, the Heritage Village and the Diving Village explain Dubai’s traditions to tourists.
The first is a recreation of a Bedouin village where you can eat dosa (lentil flour pancakes), drink Arabic coffee, take a camel ride or buy souvenirs. The second explains pearl fishing, which was the region’s main activity at the turn of the century. Access to these two cultural venues is completely free.
Riverland Dubai
Located within Dubai Parks & Resorts, Riverland City is divided into 4 themed zones (India Gate, French Village, Boardwalk and The Peninsula).
These four zones converge in the 19th-century-style central square, home to a variety of restaurants and cafés. Boardwalk is a neighborhood with a ’50s vibe that offers entertainment for the whole family with traditional American restaurants.
The Peninsula is in the heart of Riverland, with a large outdoor area that regularly hosts festivals and concerts, and free access and parking. India Gate is inspired by India in the 1920s.
The fourth zone is the French Village, featuring the historic architecture of late 1600s Europe, with its street performances and picturesque restaurants.
The wide range of venues on offer makes Riverland an ideal place to spend time with family and friends discovering different cultures.
The hypnotic mirrors of Battuta Mall
Have you ever passed through our hypnotic hall of mirrors? Don’t miss this incredible experience!
In the heart of India’s courtyard, located in the IBN Battuta Mall, this shopping center is the world’s largest themed mall.
It commemorates the travels of the famous Arab explorer and is packed with unique experiences. Let yourself go with this 100% free activity.
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Rent my property in Dubai
Rent my property
Needless to say, renting a property is a big job if you’re trying to do it yourself.
Some common questions that many landlords The questions we’re often asked are: I’m having trouble finding a tenant with an impeccable track record, can you help me rent my property in Dubai? Or what can I do to rent out my property quickly? And questions like these keep coming.
The only way to break through the series of question bubbles that assail you is to hire a highly efficient real estate agent so that professionals can help you rent your property with their expertise.
Are you having trouble renting your property in Dubai? If so, look no further – we’ve got you covered. We want to provide you with services tailored to your interests. Contact us today.
Calling on DRN for rental management
When it comes to your assets and income, you should always demand the best. Our team of RERA-qualified experts is trained as real estate agents.
So rest assured that your interests are in good hands. By having a neighborhood, inside information and representatives who focus exclusively on each area, we help you close the best deals with minimum fuss and extreme returns.
With us, you get informative, factual and unbiased advice from experts who have extensive experience and knowledge of the real estate niche and a huge database of tenants waiting to rent!
After sending us your request, one of our most efficient agents will contact you to discuss ways of marketing your property. The real estate broker will be your main contact in the future.
We are inclined to receive you at the property location, however, if you are not in Dubai, we can discuss marketing strategies, pricing and final steps over the phone as well.
Our exposure, transaction levels and brand image enable us to provide you with factual advice with the sole motive of creating the best return for your property in the shortest possible time.
Please fill in our
rental management form
.
The process to rent my property in Dubai
After agreeing on the target price of the property to be rented, in accordance with RERA rules, the documentation work will be carried out and signed off using an Internet marketing form.
We will require passport copies from all owners in addition to the title deed. We seek to organize the most effective type of marketing, i.e. on an exclusive basis, so that we can provide you with personalized services tailored to your interests.
Our tailor-made services are planned to give our valued customers the best possible results.
We believe that nothing is at your fingertips. To achieve the best results, it’s essential to intelligently plan your moves with the best winning strategies.
That’s why it’s a good idea to discuss the overall strategy and timetable we’ll need to succeed in achieving your property my rental objective. Under current guidelines, a maximum of 3 brokers are allowed to advertise a single property.
That’s why it’s essential to choose a real estate agency that will leave no stone unturned to help you find an honest tenant who isn’t used to moving from one property to another and who has a stable track record.
To achieve the highest rental value, it’s essential that the overall appeal of a property is attractive. In a nutshell, for curb appeal to be alluring, it’s essential to give your space an elegant look that impresses your audience looking to rent a property.
For example, make sure there’s no clutter, get worn walls repainted, clean up the space, make the place as neutral as possible to draw the public’s attention to your property.
Our agents are trained to emphasize this attractiveness to potential tenants.
Give your property that spotlight and leave it to us; we’ll help you get the best deal.
Renting out my property - Final thoughts
It’s undoubtedly true that for all property owners, renting out a property is a source of regular income. They hate to leave it vacant for a long time, but rushing to rent out my property in Dubai without making an effort to refresh it can mean your property sits empty for a long time.
Prepare your property before you market it, and don’t overlook the importance of hiring a skilled and experienced real estate agent in Dubai, because with their unrivalled experience, they’ll help you secure the best tenant who’s willing to pay a higher rent.
If you want to get your property let faster, get in touch with Dubairealestate.net, our impeccable services really are unbeatable. Find out more today.
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What to do in Dubai in summer
Dubai is known for its high summer temperatures, but that doesn’t mean the city stops. On the contrary, Dubai offers a multitude of indoor and outdoor activities to keep you entertained during the summer season. Here are a few suggestions.
Indoor summer activities in Dubai
Shopping centers
Dubai is famous for its sumptuous shopping malls, and summer is the perfect time to explore them. The Dubai Mall, the world’s largest shopping center, offers a variety of stores, restaurants, an aquarium, an ice rink and even an indoor waterfall. What’s more, the Mall of the Emirates is home to Ski Dubai, an indoor ski resort where you can escape the heat.
Museums and galleries
Dubai also boasts a number of museums and art galleries that are well worth a visit. The Dubai Museum, located in the Al Fahidi fort, offers a fascinating insight into the city’s history. The Museum of the Future is another place not to be missed, with its interactive exhibitions on science and technology. Art lovers will appreciate the contemporary art galleries in the Al Quoz district.
Outdoor activities in Dubai in summer
Water parks
When the temperature rises, nothing beats a day in one of Dubai’s water parks. Wild Wadi and Aquaventure are among the most popular, offering a variety of slides and pools for all ages.
Evening strolls
Evenings in Dubai can be cooler, making it the ideal time for a stroll along the Marina or Jumeirah beach. You can also enjoy dinner in one of the many seaside restaurants or take a dinner cruise on a traditional dhow.
Scuba diving
Dubai has some interesting dive sites, including artificial reefs and shipwrecks. Several dive centers offer courses for beginners as well as outings for experienced divers.
Water sports
If you’re a thrill-seeker, try jet-skiing, kitesurfing, flyboarding or wakeboarding. These activities are available on many of Dubai’s beaches. For something a little more leisurely, paddleboarding is a popular option, especially around the Palm Jumeirah.
Summer events
Dubai also organizes a series of events during the summer. Dubai Summer Surprises is an annual festival featuring shopping promotions, live entertainment and activities for children. In addition, Dubai Sports World transforms the Dubai World Trade Centre into a huge indoor sports complex, offering a variety of sports and physical activities.
In conclusion, despite the summer heat, Dubai offers a multitude of activities to keep you engaged and entertained. Whether it’s shopping, culture, entertainment or sport, you’ll always find something to do in Dubai during the summer.
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How do I sell my property in Dubai?
Selling my property in Dubai
After checking your finances and other requirements when you head out to find the perfect real estate deal in Dubai, how do you look for the best options?
Investing in real estate is a major decision in a person’s life, and the journey can be full of stress and challenges. If you don’t have the right advisors on your side to share the necessary knowledge and information, the task can become tedious at the point of sale. sell my property in dubai
Our real estate experts will share their knowledge to help you sell my property in Dubai with confidence a real estate entity, which will prove to be the right choice.sell my property in dubai
How to sell my property
Most sellers look for the exact offers they feel are best for their property and in return for the amount they’ve invested, but there can be ups and downs in buyer requests. sell my property in dubai
It’s possible that you don’t know the exact value of your building and will sell it for less if you don’t get an expert’s opinion. Our experts have extensive experience in this field and can help you make the right decisions.
Once you’re in contact with them, they’ll talk to you about the value of your property and how much you can sell it for.
We understand that it’s common for people to find themselves stuck in such a scene, but there are methods for achieving a resolution, and we can do it together, with transparent communication.
The deal you’re looking for for your property isn’t far away, but it takes clear guidance to find that deal and we’re just one source to help you get there.
After talking to our experts, we can list your building for sale and help you get in touch with customers in your area.
There could be many interested buyers who have not been able to reach you because of the lack of a platform or means of communication with you.
It won’t be long before many people start sending their interest in your property, and our team of experts will help you every step of the way.
People throughout Dubai search for properties on our portal because we cover all the main areas of a property listing. This increases your approach and the likelihood of reaching more people in less time. sell my property in dubai
We practice group discussions and motivate our experts to share their thoughts and ideas, keeping them up to date with the latest real estate news in the region.
Not only does this help them to become perfect employees in the field, but everyone has the right knowledge to share with customers and put the right information in people’s hands.
What’s more, the information and knowledge that each of us shares helps us to give you a precise idea of how much to sell your property for, and what adjustments you need to make to get the best offer.
sell my property in dubai
Sell my property with the help of real estate experts
When you sell a property, you need to have several options for accepting payment, as buyers can come from many different backgrounds.
However, it is necessary to check whether they will be able to meet payment needs later in the future. Our experts can help you with their immense knowledge and advice in this field, and make fund transfers much easier.
There could be the best buyers who easily fulfill the payment conditions and are verified for their purchase. You can only get in touch with such buyers if you have experts to help you with your sales.
Coming to us means that your information is in safe hands and that you’ve found the best way to meet your potential buyers. We want both buyer and purchaser to be in their best frame of mind as they proceed through the process.
That’s why we offer a separate team to guide both parties and help them understand the agreement, in which the entire contract is explained explicitly, with no hidden facts lurking beneath the fine print or sub-points.
We have sold a number of properties in the past and will continue to provide the highest level of service.
sell my property in dubai
Document signature
The process of selling a property involves various authorizations and procedures requiring legal knowledge. If you don’t have the right knowledge, selling real estate can be tedious or fraudulent.
To ensure that both parties receive the right resources and that the exchange is legally possible, there must be an exchange of documents that is transparent to both parties. sell my property in dubai
The buyer must pay a mandatory transfer fee and mention the payment of the rest of the amount. Payment method(s) and duration: everything needs to be discussed and agreed. sell my property in dubai
The contract contains proof of the sale of the property and indicates the amount that has been paid to the seller to date and what remains, the amount that must be paid as tax or submitted to the authorities, all these points mentioned in one place speak for transparency and mortgage payments. There are certain acts and laws that both parties must respect during the contract. Experts can help draft these requirements and make the points clear to the parties concerned.
Ensure the safe sale of your property with our real estate agency in Dubai.
sell my property in dubai
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When to invest in real estate in Dubai
When should you invest in real estate in Dubai?
Investing in real estate – there’s a big difference between what’s said and what’s done. We need to embark on various action plans, where strategy and vision beyond the initial stages are crucial.
Here are several other factors to think about when buying property in Dubai: Are you prepared to commit to short but urgent property management tasks? Can you commit to preparing all the issues before investing in a property, such as location, lifestyle, potential returns, etc.?
Are you looking for a modern or traditional lifestyle? Do you have the time to choose a property with this in mind? In Dubai, the Suhoor and Iftar schedules play an essential role. It all depends on your lifestyle – how do you want your property to look?
Everything else revolves around that. Let’s see what the market experts have to add on this subject based on their knowledge and experience:
Real estate cycles in Dubai
Understanding real estate market cycles is essential to maximizing your return on investment. The real estate market, like most other asset markets, goes through regular phases of expansion and recession, known as real estate market cycles. Here’s an overview of the different phases:
Expansion: During this phase, demand for real estate outstrips supply. This generally leads to higher property prices. Investors and developers are encouraged by the bull market and are starting to build new properties to meet growing demand.
Oversupply: At this stage, the supply of new properties on the market is beginning to exceed demand. The market may still look healthy as sales are still underway, but the pace of sales is beginning to slow. Prices may rise again, but at a much slower pace.
Recession: When supply far exceeds demand, property prices start to fall. This is often accompanied by rising interest rates, making it more difficult for buyers to obtain financing. This phase is often marked by an increase in foreclosures and a decrease in new construction.
Recovery: During this phase, excess supply begins to be absorbed by demand. Prices are stabilizing and eventually starting to rise, albeit slowly. Interest rates can fall, making financing more affordable. New construction remains low, but is beginning to increase as the market recovers.
These cycles can be influenced by a variety of factors, including interest rates, economic conditions, government regulations and demographic trends. It’s important to note that the duration and intensity of each phase may vary according to these factors and other local conditions.
By understanding these cycles, investors can better assess when to enter or exit the market. For example, buying a property at the beginning of the expansion phase and selling it during the surplus phase generally offers the best return on investment. However, these cycles are difficult to predict accurately, so a sound investment strategy that takes potential risks into account is essential.
The influence of government regulations on real estate investment in Dubai
Government regulations play a significant role in the Dubai real estate market and can influence when and how you choose to invest. Here are some of the main regulations you need to know about:
Property rights: In 2002, the Dubai government allowed foreigners to own freehold real estate in certain designated areas, known as “freehold zones”. This measure opened up Dubai’s real estate market to international investors.
Visa regime: In 2019, the UAE government has introduced a new visa regime for real estate investors. Under this scheme, foreigners investing at least 5 million dirhams (around $1.36 million) in real estate can obtain a 5-year residence visa, while those investing 10 million dirhams (around $2.72 million) can obtain a 10-year visa.
Taxes on real estate transactions: In Dubai, a stamp duty of 4% is generally charged on the value of the property when buying real estate. In addition, land registry fees are also payable by the buyer.
Tenancy laws: Dubai also has specific laws governing the relationship between landlords and tenants. These laws cover issues such as rent increases, property maintenance and lease termination.
Environmental regulations: The Dubai government has introduced strict environmental regulations for new construction. These regulations aim to encourage sustainability and preserve the emirate’s natural environment.
It’s essential to keep abreast of these regulations and understand how they may affect your investment. You may also wish to consult a local lawyer or real estate advisor for specific advice on your situation.
Your personal financial situation
Before investing in real estate, or any other type of investment, it’s crucial to assess your personal financial situation. Several factors need to be taken into account:
Your savings: Buying a property often requires a substantial initial contribution. You should evaluate your savings and determine how much you can afford as a down payment. In addition, you should have extra savings to cover closing costs, repairs and other unforeseen costs.
Your income: Stable income is essential to cover mortgage payments and operating costs such as insurance, taxes and maintenance. If you plan to rent out the property, you also need to evaluate the potential income in relation to these costs.
Your debt: If you already have significant debt, such as student loans or credit cards, this could affect your ability to obtain a mortgage. Lenders use the debt/income ratio to assess your ability to repay the loan.
Your financial objectives: Real estate investment must be aligned with your overall financial objectives. If you’re looking to generate passive income, a rental property could be a good option. If you’re looking for long-term capital appreciation, consider investing in a growing neighborhood.
Your risk tolerance: Real estate investment involves risks, such as the possibility of a decline in property value or rental vacancy. You should assess your risk tolerance and determine whether you are comfortable with these uncertainties.
In short, a clear understanding of your personal financial situation can help you determine whether real estate investment is the right option for you, and what type of property best suits your needs and goals.
Knowing how to position yourself on the right project
Choosing the right real estate project in Dubai can be a complex process, due to the variety of options available and the ever-changing dynamics of the property market. Here are some factors to consider when selecting your project:
Location: Location is one of the most important factors in real estate. Areas close to shopping centers, tourist attractions, schools, hospitals and public transport are generally more popular. In addition, certain areas of Dubai, such as Downtown Dubai, Palm Jumeirah, Dubai Marina and Jumeirah Beach Residence, tend to offer better resale values and higher rental yields.
Developer: It’s crucial to choose a project developed by a company you can trust. Research the developer’s track record, previous projects, financial strength and reputation for on-time delivery.
Property type: Apartments, villas, townhouses and commercial buildings all have their own advantages and disadvantages. Your choice will depend on your budget, your investment objectives, your personal preference and your knowledge of the market.
Potential return: Evaluate the investment’s potential return in terms of rent and capital appreciation. This may involve researching market trends, consulting local real estate agents or using financial advisors.
Property management: If you plan to rent out your property, you’ll also need to consider property management. Some developers offer property management services, or you can choose to work with a property management real estate agency in Dubai.
Don’t forget that investing in Dubai real estate, like any other investment, involves risks. That’s why it’s essential to do thorough research, understand the market and consult experts before making any decisions.
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Invest in real estate in Dubai and make a profit
In this article, we tell you all about how investing in real estate can help you make a profit. The majority of developers offer payment plans, allowing you to purchase your property more easily.
Payment plans are made up of 2 parts: the first part of the payment plan is spread over the period up to delivery of the home. The second part will therefore be staggered after delivery of the Dubai property. During this second part, your tenants will pay a large part of the payment plan.
This will allow you to reduce the amount of your payment. 0 tax is also one of the main reasons to invest in Dubai: during your payment plan, when a tenant is in your property, whether during or after the payment plan, your profit will be net.
Once your payment plan is complete, all monthly payments will be net, so you won’t have to pay any additional taxes. At Dubairealestate.net, we’re here to help you invest in Freehold real estate.
Invest in real estate in Dubai and make a profit
Big ambitions for the future. First of all, the Dubai 2040 plan, which is an urban redevelopment plan: Increasing the population Home today to over 3.3 million inhabitants By 2040, Dubai’s population should reach 5.8 million + 60% green space + 55% of the population will be able to live within 800 meters of a public transport station.
The ultimate aim is to enhance the quality of life in the Emirate and open up new prospects. Dubai is one of the TOP 10 safest cities in the world. Each year, Numbeo, the world’s largest participatory database of cities and countries, publishes its rankings for a total of 431 cities.
In 2021, Dubai will be in 7th place in this ranking. The safest city in France is Nice, ranked 194th. Note that 3 cities in the United Arab Emirates are in the TOP 10 safest cities (1st Abu Dhabi, 6th Sharjah and 7th Dubai).
Many cultures are present in the Emirates, more than 12% Emirates and 88% expatriates. Today, Dubai is one of the most attractive cities for expatriates. The career prospects, lifestyle and cultural mix make Dubai “The place to be”.
You now have all the information you need on “How investing in real estate can help you make a profit”. For more information, schedule a meeting with one of our consultants. They will answer all your questions.
What is Freehold?
Compared with leaseholds, where you invest in a property for 99 years, freeholds enable you to acquire a property for an indefinite period.
Freehold is an investment that belongs to you for life. Investing in Freehold allows you to build up your real estate assets. This means you can transfer your home to one of your heirs without any time limit.
When investing in rental property, it’s important to remember the following: No taxes Rental covers most of the payment schedule Net additional income A net return on investment of between 7 and 10%, compared with 4 to 6% gross in France.
Becoming an owner, as stated, we offer you Freehold investments, which will enable you to build up your real estate assets. In the case of a rental investment, becoming a property owner allows you to make a tax-free profit at a moment’s notice. Your tenant(s) will pay a large part of your payment plan, securing your real estate investment.
At the end of your payment plan, these earnings are net to you at no extra cost.
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7 reasons to invest in Dubai
Taxation in the UAE
The Emirates apply lucrative tax laws. Most individuals are exempt from income tax, and most sales, services and goods are also exempt from value-added tax.
Sure, it sounds good, but almost everyone wonders what a hook is. Well, oil producers are taxed at 55%, and as the UAE is very interested in oil, this generates a lot of revenue. Similarly, some companies also have to pay high taxes.
But in general, moving to the bank has paid off for solo expats who have moved in to work.
Safety in the United Arab Emirates
You’d think that such a major tourist destination would attract a fair amount of crime; however, Dubai has a low crime rate. According to Numbeo’s digital database, the crime rate is very low at 12.34. What’s more, they rate Dubai as 91% safe, which is very high. In fact, the career criminals didn’t get very far.
Weather and climate in the United Arab Emirates
We’re sure we don’t need to mention it, but the weather and climate will suit anyone looking for sunshine and warm temperatures.
Even in winter, temperatures rarely drop below 15 degrees Celsius, and this summer’s weather is perfect for exploring or sunbathing on the beach. But, of course, part of any beautiful weather is a Dubai-style outdoor patio.
Dubai job market
One of the reasons for the large foreign population is that the job market attracts many foreigners looking to relocate. Many people move to Dubai for work or business, whether in construction, economics or finance.
There are certain rules and regulations allowing foreigners to work legally in Dubai, but if you’re looking for a new career or a change of business direction, Dubai’s real estate market is the springboard.
Leisure facilities in the United Arab Emirates
Dubai is world-renowned for its quest for leisure and pleasure. Imagine a mega-mall with stores, restaurants and entertainment all in one.
The town even has its own indoor ski area. Other family-friendly options include ice rinks, gardens, cinemas, sightseeing and, of course, wonderful pristine sandy beaches. Of course, you can always spread your wings and explore the UAE further.
Multicultural community and different languages
One thing every foreigner wants to do is settle in as quickly as possible. Whether it’s a new job or making friends. In Dubai, an estimated 85% of the population is foreign.
These demographics influence everyday life, merging each person’s culture, beliefs and preferences into a single cauldron. Whether it’s eating a different dish every night or learning a new language, foreigners get on well, make friends and settle in easily.
Tourism
Dubai’s tourism market is still very much alive, and only seems to be growing as more and more foreigners get to know it.
What’s more, with tourism accounting for a large proportion of GDP, home buyers are confident that Dubai will continue to invest in its national and global reputation to ensure that the city retains its leading position.
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Investing in real estate in Dubai as a foreigner
Investing in real estate in Dubai as a foreigner
Foreigners and expatriates can buy properties in Dubai that are designated as separate areas under the Land Titles Act or Law No. 7 of 2006.
However, free zones such as DIFC have their own legal real estate. The UAE and its companies can own land anywhere in the UAE. However, companies whose shareholders are not from the UAE are not considered UAE or GCC unless they are public limited companies.
Foreigners can also acquire other types of property. He is a tenant. Non-UAE citizens are entitled to land leases, musataha, full ownership or use rights as long as the ruler of Dubai allows.
Knowing your status as a foreigner, whether as an individual or a company, is crucial in determining where you legally own land in the United Arab Emirates.
How to buy a property in Dubai
DLD is Dubai’s leading real estate and property agency. The organization decides who is eligible to own the country. It also determines when and how property transfers take place, making it the main association dealing with land issues in Dubai.
By going through all the steps with DLD, you can own your property or obtain a lease without legal barriers. All prospective or current owners who are not citizens of the United Arab Emirates should ensure that they check the DLD frequently to ensure that any updates or changes to the policy do not affect your contractual agreements. current.
An area where you can own real estate. Article 3 of bylaw no. 3 of 2006 lists the parcels of land designated as real estate that non-emirates can own or lease. These areas include Palm Jumeirah, Burj Khalifa, Dubai Marina, Discovery Gardens, World Islands and International Cities.
These zones will then be open to foreigners from outside the UAE investing in Dubai real estate. However, one condition of the land ownership rules in these zones is that non-UAE citizens and their companies can set up a free zone company in Dubai, but the property can only be registered in the name of the company set up.
Legal and authentic documents
Before buying a property, it’s crucial to check with the seller and determine whether he or she has the right to sell the property in question. It is also important to examine the original batch header and determine whether the element is active.
Buying real estate in Dubai
Once a non-EAU/CCG citizen has identified suitable land that meets the legal requirements, the process of buying land in the UAE is straightforward. Essentially, for non-UAE nationals looking to buy, the designated area is usually still under development, and the area they might be interested in buying is usually under the control of a primary or secondary developer.
The process includes payment of the property deposit after contacting the developer and payment of a typical percentage of the sale price. The seller can then proceed with the change of title, depending on whether or not he receives a notice of no objection to the land.
Is there any danger in buying property in Dubai?
Buying land in Dubai can be very risky for first-time buyers. It’s imperative that you do your research and make sure, as buyer and seller, that you have legally acquired the land. By following these steps, you can avoid dangers such as legal problems associated with land ownership, and avoid unscrupulous individuals likely to sell unsold land to unsuspecting buyers.
To invest in real estate in Dubai as a foreigner, don’t hesitate to contact one of our real estate agents, who will answer all your questions.
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The best areas for expatriates
Dubai is a city of sun and luxury, where modern life meets opulent tradition. Over the past ten years, the city has grown to more than 2 million inhabitants, a number that continues to climb!
There are so many different areas for expatriates to choose from when settling here on a national or international level: some prefer the bustling city of Deira.
Others might like to wallow poolside on the Palm Jumeirah Beach property while enjoying all the resort’s amenities within walking distance (including stylish boutiques).
However, if you’re looking to live beyond these popular residential areas. Then you’ve come to the right place… In this article, we’ll list our recommended areas for expats migrating to Dubai in 2022, in a specific order.
The best areas for expatriates
Dubai Marina
Most of the neighborhoods mentioned so far are family-friendly, but what if you’re moving to Dubai alone or as a couple?
The ultra-modern high-rise residences in Dubai Marina offer spectacular sea views. Living here also means you’ll be close to the city center, which means you’ll have plenty of facilities nearby.
Al Barcha
Al Barsha is one of Dubai’s most popular expatriate neighborhoods. Al Barsha is easily accessible to workers in Media City, Internet City and Emaar Business Park due to its proximity to two main roads.
The majority of houses in Al Barsha are detached or semi-detached villas; however, apartments are also available.
There are plenty of restaurants, cafés, stores and supermarkets in the neighborhood, so you won’t have to travel far to get your food for the week.
The nearby Mall of the Emirates, with hundreds of stores, a large theater and even an indoor ski slope, is a must-see.
Arabian Ranches
The Arabian Ranches is one of Dubai’s most popular addresses. The gated community is home to luxury villas and apartments, all set around a world-class golf course.
In addition to the golf course, Arabian Ranches also boasts an equestrian center, hospitals and excellent English-speaking schools. The community is located just a short drive from Speedway and Motor City, making it ideal for those who want to live in luxury without sacrificing convenience.
If you’re looking for the best of everything Dubai has to offer, then Arabian Ranches is the place for you.
Jumeirah Islands
The Jumeirah Islands are an archipelago of 50 man-made islands in Dubai, United Arab Emirates.
The islands are located between the Jumeirah Lake Towers and the Dubai Marina. Jumeirah Islands is a gated community and offers its residents a plethora of amenities, including schools, hospitals, stores and gyms.
The community is also on the verge of becoming self-sufficient. The architecture of the Jumeirah Islands is diverse, with Spanish and Italian influences. There’s also an area with a classic American suburban feel.
Despite its luxurious facilities and magnificent scenery, the Jumeirah Islands have been criticized for their lack of accessibility and traffic congestion.
Mirdif
Mirdif is located north of Dubai International Airport and east of Dubai International City. For expatriates migrating to Dubai, Mirdif is one of the most cost-effective options.
It’s a wonderful alternative for individuals wishing to live close to the city center without spending a lot of money on real estate, especially for families. Mirdif includes a number of Baccalaureate and GCSE schools, as well as a public park with basketball and tennis facilities and a shopping center.
Downtown And Business Bay
As far as shopping malls are concerned, if you love shopping, you should look for a home in downtown Dubai , home to the world’s second largest shopping mall. The “Dubai Mall”, as it is known, attracts around 54 million people every year.
Being in the center of the city means that property costs will be among the highest, but housing will be among the most luxurious, with the added benefit of being on the doorstep of many of the city’s major businesses. Not to mention the proximity of the Dubai Fountains, an ice rink and an underwater zoo.
Consider relocating to Dubai’s Business Bay area for unrivalled proximity to major business centers. These include the Dubai International Financial Centre (DIFC) and the Dubai World Trade Centre.
The various buildings in the Business Bay are home to a large number of businesses, as the name suggests. If you can imagine yourself in a luxurious high-rise apartment in the middle of it all, this region should be on your list of places to visit.
Sports City
If you’ve been researching homes in Dubai, you’ve probably noticed that the city has themed areas with descriptive but uninteresting names.
Sports City is no exception, but it’s a distinctive neighborhood for those seeking an active lifestyle with convenient access to gyms, sports clubs, stadiums and academies.
When it comes to Dubai real estate, Sports City is one of the most affordable options. So if you’re a sports fan, this is one to consider.
Motor City
The Autodrome is located in the Motor City , which is another region that is exactly what it claims to be.
There are plenty of reminders of the motor theme around the FIA-sanctioned track, including Uptown Motor City, a residential development complex with its own racing-themed schools, stores and leisure areas.
It’s located between Sports City and the opulent Arab ranches. The 5.39-kilometre outdoor circuit has been designed to challenge the world’s best drivers, while providing an enjoyable experience for motorsport enthusiasts and fans alike.
The track layout incorporates a wide range of turns to test a driver’s skills and commitment. There’s also a 1.2-kilometre straight stretch for high speeds and overtaking opportunities.
With its state-of-the-art facilities and excellent location, the Dubai Autodrome is rapidly establishing itself as one of the world’s leading motorsport venues.
Media City
If you want to work in the creative industries when you move to Dubai, Media City Dubai is a good place to start.
This is probably where you’ll find news agencies, publishing, Internet media, advertising and broadcast facilities. A large picturesque park and lake are also located in Media City, making it an ideal picnic spot.
Although there are apartments available, the area is not very residential, with many employees choosing to live in surrounding areas such as the Dubai Marina.
For more information on expatriate neighborhoods in Dubai, please do not hesitate to contact one of our real estate agents.
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The best areas to invest in Dubai
Dubai is home to some of the world’s most impressive buildings, including the Dubai Creek Tower and Burj Khalifa. The city is also a major commercial and tourist center, making it an excellent place to invest in real estate.
Apartment and villa prices in Dubai have risen steadily in recent years and show no signs of slowing down. With a strong economy and growing population, Dubai is an ideal location for long-term investment and short-term rental income.
The city offers a great lifestyle with countless luxury shopping centers, excellent restaurants and beautiful beaches. So if you’re looking for a high-potential investment opportunity, Dubai is the place for you.
The best areas to invest in Dubai: Top 6
Palm Jumeirah
The Palm Jumeirah, an artificial archipelago in Dubai, United Arab Emirates, is one of the most ambitious real estate developments in history.
Features a tree-shaped trunk with 16 leaves and a crescent around it. Home to luxury hotels, apartments, villas and marinas, the island has become a popular choice for investors.
It’s an excellent neighborhood to consider because of its prime location and exciting projects. Apartment prices here have also remained stable. AED 2.14 million for a one-bedroom apartment and AED 2.58 million for a two-bedroom apartment.
Palm Jumeirah, on the other hand, is popular with buyers looking for villas, with three-bedroom homes priced at AED 6.2 million. With breathtaking views, palm-fringed beaches and superb facilities.
No wonder Palm Jumeirah is one of the most popular places to live in Dubai.
Downtown Dubai
Downtown Dubai has long been one of the city’s most popular districts, thanks to its ideal location and wide range of amenities. Home to the famous Burj Khalifa, Dubai Mall and Mohammed bin Rashid Avenue, the district is known for its high-rise apartments and luxury hotels.
Downtown Dubai has enjoyed a resurgence in recent years, with tourists flocking to get a glimpse of this iconic skyscraper and discover the city’s unique ambience.
A studio in downtown Dubai typically starts at AED 920,000, while a one-bedroom apartment sells for around AED 1.45 million.
With its central location and many attractions, downtown Dubai is one of the most popular places to live in Dubai.
Jumeirah Village Circle
Jumeirah Village Circle is one of Dubai’s most popular investment districts. The main reason is its ideal location close to Dubai Marina and Jebel Ali.
One-bedroom apartments are slightly cheaper than Palm Jumeirah and downtown Dubai, typically priced at AED 740,000, while two-bedroom apartments cost around AED 1.1 million.
Jumeirah Village Circle is also a very pleasant area to live in, with facilities such as schools, parks and shopping centers.
Close to some of Dubai’s best attractions, it’s no wonder that Jumeirah Village Circle remains one of the city’s most popular neighborhoods.
Dubai Marina
Dubai Marina is one of Dubai’s most popular investment districts. With gleaming skyscrapers, lush villas and a variety of dining and shopping options, this bustling neighborhood has something for everyone.
Despite its popularity, apartment prices in Dubai Marina have remained stable in recent years. One-bedroom apartments sell for as little as 1.15 million dirhams, and two-bedroom apartments average around 1.9 million dirhams.
Whether you’re considering a purchase or simply looking for a place to spend the weekend, Dubai Marina is sure to please, with its beautiful waterside setting and endless entertainment and fun possibilities.
So why wait? Start exploring this exciting community today!
International City
Dubai International City is one of the city’s liveliest and most exciting neighborhoods. This lively neighborhood offers a variety of residences, tourist attractions and shops. All this attracts people from all over the world.
Renowned for its excellent returns on investment, International City is a particularly attractive destination for investors looking to make sound financial choices.
One-bedroom apartments typically sell for around AED 305,000, making them one of the best deals in Dubai. What’s more, a two-bedroom apartment costs AED 520,000.
So, whether you’re looking to relocate to Dubai or simply want to make a solid financial gain from your real estate investment. International City is well worth a visit.
With its booming economy, bright future and many opportunities for everyone who lives here, it really is a city like no other.
Business Bay
Dubai Business Bay is an incredible development in downtown Dubai with well-appointed structures to encourage business, commerce and luxury living.
The free zone (where foreigners can buy and rent property in Dubai) and the Burj Khalifa, the world’s tallest tower, make it an ideal investment location.
With over 240 serviced towers, including shell and semi-serviced offices, located in state-of-the-art buildings with state-of-the-art facilities, there are plenty of options, whether you’re looking to buy or lease a business.
Dubai Business Bay also benefits from a convenient location next to the DIFC, making it even more attractive to businesses. All these factors make Dubai Business Bay an ideal investment location.
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Expo 2020
What is the Universal Exhibition?
The World’s Fair is an international event. The first World’s Fair was held in the 19th century. The aim is to promote the host country commercially and culturally, through the country’s technological and industrial innovations.
The host country will be able to showcase its know-how in terms of the latest technology. To date, 18 countries have already hosted this event, which has proved its worth more than 69 times since its inception.
For the 2020 edition, Dubai is the host country for this event. For the first time since its creation, Expo 2020 will be held in a country of the United Arab Emirates.
The history of the World's Fair.
The Universal Exhibition was held in London in 1851, in the Crystal Palace in Hyde Parks, which was built especially for the event.
At the time, the British were technologically advanced. For this first event, 25 countries were represented, with 13,800 exhibitors and 6 million visitors, under the theme of “Industry for all Nations”.
The last World Expo was held in Milan in 2015, on the theme of “Feeding the planet, energy for life”, with 22.2 million visitors and 137 participating countries.
Editions of the World’s Fair continue to grow, with more and more countries taking part, and have become an unmissable international event.
Expo 2020 in Dubai
Dubai was chosen to hostExpo 2020 on November 26 and 27, 2013. This decision was taken at the 153rd session of the Bureau International des Expositions. Three other countries were in the running to host the Expo: São Paulo (Brazil), Izmir (Turkey) and Ekaterinburg (Russia).
Initially scheduled to run from October 20, 2020 to April 10, 2021, the theme of “Connecting Minds, Building Futures”.
Due to the COVID-19 pandemic, various organizations such as the Bureau International des Expositions have taken the decision to postpone the event; which will take place from October 1, 2021 to March 31, 2022.
For the first time since the Universal Exhibition was launched, a Middle Eastern country is hosting the event.
The Exhibition takes place in the Al Wasl district, in the Al Wasl Plaza.
The plans for Al Wasl Plaza were validated in 2007, and it is now the world’s largest 360° dome.
This World’s Fair will be the country’s technological, industrial and artistic showcase. Over 182 days, more than 190 countries will be represented, more than ever before.
The French Pavilion at the Dubai World Expo
The French Pavilion will be present at this Expo 2020 Universelle, with an innovative project featuring a play of lights on the theme of “Inspiration at the speed of light”.
The Pavilion will showcase innovations and projects in science, research, technology, education, arts and crafts.
“The ambition of the French Pavilion is to inspire visitors: to bring out ideas, desires and emotions, to arouse commitment, and to embody innovations. Under the banner of progress, innovation and creation, the visitor experience is built around light.
The benefits of Expo 2020 in Dubai
Expo 2020 can only be good for the country and its development.
Dubai’s Expo 2020 promise is to “astonish the world”.
With great ambitions, Dubai is now home to over 3.3 million inhabitants. By 2040, the target is 5.8 million inhabitants.
Expo 2020 will enable Dubai to showcase its know-how and culture, and attract some of the 25 million visitors expected to attend the event.
A country in full development, with real estate projects each more ambitious than the last.
Such as the Dubai 2040 project.
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