Tag: Dubai

Most expensive penthouse sold in Dubai at Dh102m

Most expensive penthouse sold in Dubai at Dh102m It is the largest of three triplex penthouses, owner will get to enjoy over 29,800 square feet of luxury Omniyat has revealed that an anonymous buyer has scooped up the most expensive penthouse in Dubai for Dh102 million, beating the previous record price tag of Dh60 million. […]

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The Floating Venice – Luxury Underwater vessel resort in The World islands

World’s first ‘luxury underwater vessel resort’ launched in Dubai Valued at Dhs2.5bn, The Floating Venice will be located in The World islands Property developer Kleindienst Group has launched The Floating Venice – what it claims is the world’s first underwater luxury vessel resort – during the Cityscape exhibition in Dubai. Valued at Dhs2.5bn ($680m), The […]

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Is too many off-plan launches a good thing for Dubai?

Is Too Many New Project Launches a Good Thing for Dubai? New project launches in Dubai continued unabated during the first half of 2017. Sixty-eight new projects worth Dh21 billion were launched during this period as per data from the Land Department. These new launches are the latest addition to what is already a significant residential […]

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Why Indians and Pakistanis love to call Dubai home

Why Indians and Pakistanis love to call Dubai home The lure of Dubai property has always been too good to resist for investors from the Sub-Continent. No surprise then that Indians have yet again topped the list of non-Arab investors pumping in money into Dubai real estate. According to statistics from the Dubai Land Department […]

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Dubai realty market rides on robust off-plan demand

Dubai realty market rides on robust off-plan demand Total number of off-plan sales to date surpasses entirety of off-plan sales in 2016 Total transactions by the Dubai Land Department amounted to Dh132 billion for the first half of 2017. Approximately 25 per cent of these transactions are from residential transactions with investment in the Dubai […]

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Invest Group to pump Dh2 billion in Dubai real estate sector

Invest Group to pump Dh2 billion in Dubai real estate sector Dubai-based property developer Invest Group Overseas (IGO) will invest Dh2 billion in new real estate projects over the next few years, its CEO said. The group on Monday launched Dh500 million freehold residential tower in Jumeirah Lake Towers, equipped with 440 units of one-, […]

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No slowdown in Dubai property market

No slowdown in Dubai property market Dubai’s real estate is increasingly becoming mature and investors’ trust level is at its highest in the emirate’s property market, a senior official has confirmed. Mahmoud Al Burai, CEO of Dubai Real Estate Institute, Dubai Government, ruled out any slowdown in the local property market, citing a strong regulatory […]

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End-users snap up Dubai homes below Dh1,000 psf

End-users snap up Dubai homes below Dh1,000 psf Developers in Dubai are increasingly catering to the sweet spot of investor demand. While the Dubai property market was earlier synonymous with luxury property running into several millions of dollars, it has now been observed that properties below Dh1,000 per square foot (psf) are more in demand, […]

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Must know rules before renting a house in Dubai

Must know rules before renting a house in Dubai Some key aspects as you choose an apartment If you are looking to rent a new apartment in Dubai, being aware of certain rules is a must. The procedures include paying agency fees, Ejari fees, housing fee, security deposit and so on. Take a look at […]

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7 cheapest places to rent in Dubai today

7 cheapest places to rent in Dubai today Dubai: House-hunting is no walk in the park, especially if the budget is tight and you do it in the middle of the summer. Not only will you have to endure hopping from one place to another, with outside temperatures soaring close to 50 degrees Celsius, but […]

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