Dubai's real estate industry is buzzing with excitement as His Highness Sheikh Mohammed bin Rashid Al Maktoum, the visionary Ruler of Dubai, takes a decisive step towards shaping the future of the city's property landscape. With the recent issuance of Decree No. (22) of 2023, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has been appointed as the Chairman of the Board of Directors for the prestigious...
Real Estate News
The UAE Ministry of Finance recently shed light on the corporate tax implications for foreign companies and non-resident entities regarding income earned from real estate and immovable property within the country. According to the ministry, these entities will be subject to a nine percent corporate tax on such income. This development holds significance as the real estate sector plays a vital role in the...
Deyaar, a prominent Dubai real estate developer, has witnessed a substantial increase in profit during the first quarter, primarily fueled by a series of successful property launches within the flourishing real estate market of the emirate. With a surge of 125 percent, net profit for the three-month period ending in March soared to Dh56.4 million ($15.3 million), compared to Dh25 million recorded in...
A recent report by Knight Frank, a global property consultancy, reveals that high-net-worth individuals (HNWIs) worldwide are poised to invest $2.5 billion in Dubai's real estate market this year. The study highlights the growing interest of HNWIs in Dubai, with 22% of them willing to commit between $5 million and $10 million, and 8% ready to spend over $80 million. East Asian buyers, in particular,...
As the post-pandemic period continues to witness a surge in rents across the UAE, tenants in Dubai face the challenge of rising rental prices. In the first quarter of 2023, Dubai's rents soared by 18%, while Abu Dhabi experienced a 7% increase in average rental prices compared to the same period last year. With the influx of foreigners into the country driving demand, industry experts predict that the...
Discover a lucrative opportunity in the booming Dubai real estate market! Metropolitan Group, a leading real estate company in the UAE, has launched an exciting partner programme that enables UAE residents to earn additional income through property referrals. This blog post highlights the details of this referral scheme and how it empowers individuals to capitalize on the current real estate market while...
Dubai, UAE – Realiste, the UAE's leading artificial intelligence company, unveils valuable insights into the Dubai real estate market for 2023, highlighting a significant power shift and the competition between Indian and Chinese investors. Realiste's sources reveal that Indians emerged as the dominant homebuyers in Dubai in 2022, surpassing all other nationalities with property purchases worth Rs...
Dubai's real estate market continues to thrive, offering lucrative investment opportunities in the off-plan segment. In 2022, the emirate experienced remarkable growth, with a staggering 144% surge in off-plan performance, contributing to the overall boost in the UAE's real estate sector. As we look ahead to 2023, an impressive 115,000 units are currently under construction, with 34,000 units exceeding...
In the thriving real estate market of Dubai, an impressive Dhs11.1 billion was generated through 3,321 transactions during the week ending on May 26th, 2023. These remarkable figures were recently released by the Dubai Land Department (DLD), underscoring the city's robust property sector. According to the DLD report, a noteworthy Dhs2.54 billion was contributed by the sale of 220 plots, while...
Discover the latest trends in Dubai's real estate market for 2023, featuring the least and most expensive places to live in. Explore the significant price hikes in sought-after neighborhoods, the rise in luxury rentals, and the availability of affordable housing options. Dubai's real estate sector has experienced remarkable growth, favoring sellers and landlords. According to the Q1 2023 Dubai Property...