News & Updates

Passenger traffic at Dubai International (DXB) surpassed 43 million in the first half of 2017

Passenger traffic at Dubai International (DXB) surpassed 43 million in the first half of 2017, according to the traffic report issued today by operator Dubai Airports. DXB handled a total of 43,054,268 passengers during the first half, up 6.3 per cent compared to the corresponding period in 2016 when the airport welcomed 40,507,251 passengers. Monthly […]

Revealed: Dubai plans new $1.36bn business district project

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched plans for the AED5 billion ($1.36 billion) Emirates Towers Business Park project. Masterplanned by Dubai Holding, the development is located between Sheikh Zayed Road and Happiness Street close to Dubai International Financial Centre (DIFC), […]

Dubai Population Hits 2.8 Million

Dubai population is about to reach 2.8 million in the coming days. According to data revealed by the Dubai Statistics Center, 2,797,096 million people reside in the city as of today. One year ago on the same day the number of residents was 2,560,983, which means that 236,113 people arrived to live in city in […]

Vintage Real Estate Wins The Top Achievement Brokers Award for Damac

DAMAC Properties hosted the top brokers awards for the first quarter of 2017 on Wednesday the 24th May 2017. DAMAC Properties brought together the top names in Dubai Real Estate and honored the leading real estate agencies; celebrating their work, their successes and the future they are helping to build. Vintage Real Estate received the […]

Dubai Set for Two New Islands by Madinat Jumeirah

Shaikh Mohammad announced the Dh6.3b tourism project, which will break ground in June 2017 and will be completed by late 2020 Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced on Sunday the launch of “Marsa Al Arab”, a tourism project attached to […]

UAE Top Destination For Arab Digital Entrepreneurs And Investors For 4th Year In A Row

  Crown Prince of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has said that the investment environment within the UAE has witnessed significant changes over the past years under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with significant opportunities for creativity and innovation opening up as […]

80% of Expo 2020 site will be re-developed in legacy mission

Expo 2020 Dubai, the first mega-event to be hosted in the region, will lay the foundations for a diversified and sustainable tourism industry through a series of initiatives designed to support the UAE’s plans for diversification to a knowledge-based economy. The strategy was revealed during Expo 2020 Dubai: The Legacy, the first session to take […]

Understanding the shift in real estate demand

There are always perceptions of oversupply and under-supply in the Dubai real estate market, which is largely determined by where we are in economic and industry cycles. As the market undergoes structural changes to accommodate shifts in demand, market segments will exhibit different levels of either oversupply or under-supply. For example, the luxury segment in […]

Dubai Land Department launches ‘Know Your Rights as a Real Estate Investor in Dubai’

The Dubai Land Department revealed the results of real estate transactions during the first quarter of 2017. His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department announced the value of real estate transactions that reached Dh77 billion through 20 thousand real estate transactions. Dubai Land Department (DLD) hosted a media gathering as […]

Dubai real estate deals rise to $20.9bn in Q1

Dubai recorded a sharp rise in the value of real estate transactions during the first quarter of 2017 compared to the same period last year, the Dubai Land Department said on Monday. The real estate authority said it saw a total of AED77 billion ($20.9 billion) worth of deals in the first three months of […]

UAE sees best business conditions since September 2015

Data from the Emirates NBD UAE Purchasing Managers’ Index (PMI) showed that strong demand conditions and a favorable economic environment encouraged companies to scale up purchasing activity and hire additional workers over the month. On the price front, average selling prices rose for the first time in almost one-and-a-half years as firms passed on to […]

Dubai Plans New Rental Security Deposit Refund Forms

Dubai Land Department (DLD) is working to introduce a new rental security deposit form, which will ease the process of refund for tenants, a senior government official has said. At present, security deposit (generally a month’s rent) refund is limited to mutual agreements with the landlord, with the deposit amount refunded only after the landlord […]

Dubai’s largest park coming up in DubaiLand

Dubai is building the city’s largest public park, as big as London’s Hyde Park, in DubaiLand, it was announced on Saturday. Dubai Holding and Dubai Municipality signed a Memorandum of Understanding (MoU) to develop the park that stretches across 1,430,000 sqm, Dubai Media office said in a press release on Saturday. Once complete, the new […]

Top 5 affordable communities for rent in 2017

The year 2017 has brought some good news for Dubai residents on the lookout to rent new affordable homes. We took a look at the most affordable communities to rent an apartment in Dubai for 2017. International City While the demand for affordable housing is constantly increasing, International City offers affordable living in a flourishing […]

Dubai Land Department regulates the real estate marketing mechanism for properties outside of the UAE

Dubai Land Department has recently issued its special circular No. 13 for the year 2016, outlining real estate marketing mechanisms that are designed for real estate companies and brokers marketing properties outside of Dubai. These are in growing numbers thanks to the global reputation of the UAE’s real estate sector, and in particular Dubai’s. Ali […]

Dubai business conditions ‘see strongest improvement in two years’

Business conditions in Dubai’s non-oil private sector recorded their fastest rate of improvement in 23 months, according to the latest tracker from Emirates NBD. The seasonally adjusted Emirates NBD Dubai Economy Tracker index registered 57.1 in January, up from 55.9 to signal the strongest improvement in almost two years. The index, a composite indicator designed […]

New Dubai landmarks on the horizon

Dubai expects a number of iconic projects to be completed this year. Here’s where you can find them The construction sector stands front and centre in Dubai’s long-term growth plan. With significant investments already announced, the emirate remains committed to large-scale infrastructure development, which is eyed as an economic growth driver in the next few […]

Azizi takes up a sizeable chunk at Meydan One

Dubai: Azizi Developments has picked up a sizeable land bank at the Meydan One cluster and a future location for one of the city’s largest malls and tallest tower. The private developer’s deal extends to 180 plots. Apart from low-rise residential offerings of between six and 11 storeys, Azizi will also develop a retail element […]

It’s time for potential property buyers in Dubai to decide

The rate of decline in values has dropped considerably in key locations Dubai: Dubai property prices have started to inch their way back from their current lows — so much so potential property buyers will no longer be able to stay undecided for far longer. The residential transaction volumes and total value of transactions were […]

Dubai’s New Districts for Best Rental Returns

What does 2017 hold for Dubai property investment? What are the areas you should be investing in to benefit from the best Dubai rental returns? As per latest reports, new districts seem to offer some of the best Dubai rental yields. Recent data has indicated that Dubai’s emerging and budget freehold areas offer the biggest […]

Last plot of land in Dubai’s JBR to get $272m luxury tower

Dubai Properties on Sunday awarded the main construction contract for the $272 million (AED1 billion) 1/JBR, a 46-storey luxury tower which is slated for completion in the fourth quarter 2019. The contract was given to Dubai Contracting Company, but not value was disclosed. The enabling work on the 46-storey tower– being built on the last […]

543 million riders used public transit means in Dubai in 2016

HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) revealed that public transport means in Dubai, comprising the metro, tram, buses and marine transit modes (abras, ferry, water taxi, water bus) in addition to taxis (Dubai Taxi and franchise companies) had lifted in 2016 about […]

His Highness Sheikh Mohammed bin Rashid Al Maktoum announces development of ‘Dubai Harbour’

His Highness Sheikh Mohammed bin Rashid Al Maktoum ,Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness announced the development of ‘Dubai Harbour’, a unique new waterfront destination that will feature the Middle East and North Africa (MENA) region’s largest marina on Monday the 2nd of January 2017. The announcement […]

DXB extends its lead as world’s number one airport for international passengers

Dubai International has retained its title as the world’s number one airport for international passengers after near record numbers in December propelled the hub’s annual traffic to 83.6 million passengers in 2016, according to the annual traffic report issued by operator, Dubai Airports, today. With monthly passenger traffic breaching the 7-million mark six times during […]

Dubai Investments Park grows with 100 new companies, 33% surge in warehouses lease area in 2016

Dubai Investments Park [DIP], the largest integrated commercial, industrial and residential community in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC, is fast emerging as the preferred destination for businesses and residents alike, in view of its proximity to Dubai World Central, Dubai South and the Expo 2020 site. An indication to […]

Dubai ranks among the world’s fastest changing and most dynamic cities

Dubai is among the most dynamic cities in the world, according to JLL’s City Momentum Index (CMI) 2017 report. The annual CMI report looks at the fastest-changing cities around the globe, tracking the speed of their changing economy and commercial real estate market, whilst identifying hubs that have the most dynamic attributes over the short […]

New 2030 plan to inject $44bn into Dubai economy

The new 2030 Dubai Industrial Strategy, which will oversee 75 initiatives in an effort to generate an extra $44 billion for the emirate’s economy, has been approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. According to state news agency WAM, the strategy is […]

Dnata Handled More Than 91.3 Million Passengers In 2016

Dnata, the Emirates Group’s aviation and travel services subsidiary, said its operations grew during 2016 in spite of challenges in the aviation sector and increased economic pressure across the globe. The year 2016 saw a rise in passengers, flights and cargo as the unit’s UAE operations continued to expand. Dnata witnessed significant growth in aircraft […]

DUBAI REAL ESTATE TRANSACTIONS IN THE FIRST 15 DAYS OF 2017

“The real estate market in Dubai has reached a new phase of maturity and stability, and that it is moving towards sustainable growth. We expect that real estate market in Dubai will gain further momentum in 2017, signaling an upward trend for sustained growth in the run-up to Expo 2020.” – Sultan Butti Bin Merjen, […]

Dubai Land Department launches its latest edition of Trakheesi System

Dubai Land Department has launched the latest edition of its ‘Trakheesi System’. The edition reflects the continuous efforts made by Dubai Land Department to improve its services, with the introduction of reliable and rapid procedures that will support customers, and promote the use of smart services provided to real estate companies, individuals and investors. The […]

Dubai South Signs Strategic Agreement with Dubai Land Department

Dubai South signed strategic Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) regarding the registration of freehold plots and properties by investors at Dubai South. The agreement was signed by His Excellency Sultan Butti Bin Mejren, Director General of Dubai Land Department and His Excellency Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City […]

Dubai Land Department’s Real Estate Transactions during 2016

Worst is over for UAE property market

Abu Dhabi: Increased jobs cuts across the UAE coupled with uncertainty in the macroeconomic environment were the main driving factors in the UAE’s property market in 2016, putting downward pressure on rents and sale prices. In both Dubai and Abu Dhabi, sale prices and rents dropped in 2016, with prices in Dubai now around 15 […]

Off plan or ready-made property — what you need to know before you buy?

So you have decided to purchase a property in Dubai, but you now face that well-documented conundrum of whether it is better to invest your hard-earned money in an off-plan project or a ready-made property? It’s a tricky question in itself. There has been a long debate on this topic both in Dubai and in […]

Sign Rera’s form A to advertise your property

The Real Estate Regulatory Agency (Rera), the regulatory arm of the Dubai Land Department (DLD), recently issued a statement to property owners in Dubai: sign the real estate marketing agreement (form A) with your broker, otherwise your property cannot be advertised. Although form A has been required for several years, it is now being strictly […]

International City retains best yield generator status

Dubai: Two of Dubai’s oldest mid-market freehold communities are still offering investors the best yields — International City (with a fairly robust 9.65 per cent) and Discovery Gardens (at 9.2 per cent). It remains the case even with the rental declines freehold communities in Dubai experienced all through last year, according to data from Reidin-GCP. […]

Know where Dubai rents are rising, falling in 2017

Dubai: Dubai’s official Rental Index has been updated for 2017, with emerging mid-market locations in Dubailand experiencing sharp increases. But Dubai’s budget-conscious tenants will still have cause for cheer as the rental band in established areas such as International City and Discovery Gardens have remained stable, according to market sources. But rents in the high-end […]

Off-plan demand sustains Dubai freehold market in 2016

DUBAI: A surge in off-plan sales in the second half of the year made sure Dubai’s property market did not see a steep decline in transaction volumes in 2016 compared with the 2015 tally. Based on Reidin-GCP data, overall freehold transactions closed 2016 with 23,579 units against 2015’s 24,326 — a dip of only 2.3 […]

Dubai surprise: 14,000 homes delivered in 2016

Dubai: An estimated 14,600 homes were handed over in Dubai all through last year, a tally much higher than the sub-10,000 units delivered in 2014 and 2015. The 2016 tally is thus the second-highest after 2012’s 16,000 handovers, according to the latest UAE real estate update issued by the global consultancy JLL. The eventual total […]

Emirates Development Bank approves Dh1.5 b in loans for housing sector, SMEs

The budget allocates Dh750m for housing loans for Emirati citizens and a similar amount for the development of small and medium businesses DUBAI: The Emirates Development Bank (EDB) approved an estimated budget of Dh1.5 billion for 2017 to finance housing loans for Emirati citizens and to help establish small and medium enterprises (SMEs). The decision […]

Directives issued for fast implementation of Dubai Industrial Strategy

Strategy to increase Dubai’s GDP by Dh165b by 2030 Abu Dhabi: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, issued directives on Monday to boost efforts to accelerate the implementation of the Dubai Industrial Strategy 2030. The Strategy, which focuses on elevating Dubai into a […]

Dubai 2017 budget focuses on Strategic Plan 2021 targets

Government revenue from fees projected to rise 6% due to growth in tourism and retail businesses A container vessel at Jebel Ali Port. The Dubai budget features a significant rise in infrastructure spending with an eye on tourism. Dubai: Dubai’s Dh47.3 billion budget for 2017, approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, […]

KNOW YOUR RIGHTS: Dubai visa through property ownership

The subject of investing in Dubai’s real estate is on every tongue now, and one of the most-asked questions about the benefits of this type of investment is about residency visas and the possibility of obtaining them by buying a home in the emirate. In efforts to encourage foreign investors and further activate the real […]

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