As of Janurary 2024, yes, it’s a fantastic time to buy property in Dubai. Those who invested three or four years ago have already seen 20% to 30% growth in their returns, and this number is set to change as Dubai’s real estate market grows and becomes more globalized. Both property prices and rental figures are increasing, and since the coronavirus pandemic, tourism has opened up in Dubai,...

As of January 2024, the process of buying property in Dubai is straightforward, resembling real estate transactions in many Western regions. Age restrictions do not apply, and residents, defined as individuals living in the UAE, can easily acquire ownership by navigating the standard sales procedures. For foreigners, categorized as non-residents, there are no restrictions on obtaining freehold...

Dubai appeals to property investors with an enticing combination of attractive rental yields, minimal taxes, and remarkable affordability. Let’s explore the fundamental factors fueling a worldwide surge in property acquisitions. Profitable Rental Earnings World-leading average yields up to 8 across units Short-term rentals earn an average of 8.6 yearly Profitable for buy-to-let...

One of the key advantages of purchasing property in Dubai is the absence of traditional taxes typically associated with real estate transactions. In Dubai, there is no income tax or inheritance tax on property. However, it’s important to note that foreign investors may be subject to income tax from their country of residence if they are not Dubai residents. Nevertheless, it is crucial to be aware of...

Dubai’s real estate sector is poised to receive a significant uplift from the $35 billion airport development. According to a prominent figure in the property industry, the time to invest is now to capitalize on maximum gains. The Dubai real estate sector will see a major boost from the expansion of Al Maktoum International Airport, according to W Capital. The real estate brokerage said...

In a mere 48 hours, Aldar Properties successfully offloads $1.1 billion worth of residences at the Athlon development in Dubai, with expatriates and overseas buyers taking the lead in the purchasing spree. Aldar Properties has announced it sold out homes at Athlon development in just two days. Aldar Properties sold out of the first two phases of its “Athlon” development within 48 hours of...

The ruler of Dubai has approved plans for Al Maktoum International Airport, which will have capacity for 260 million passengers. According to Colm McLoughlin, the outgoing boss of Dubai Duty Free, Dubai’s $35 billion passenger terminal at Al Maktoum International Airport is projected to encompass a minimum of 100,000 square meters of retail space and employ 10,000 individuals upon its opening within the...

The iconic development known as Palm Jumeirah was announced in 2001. The first residential homes were available to purchase in 2004 and handovers of the completed properties commenced in 2006. This was the first project of its kind in the world and is the largest island constructed by reclaimed land. If you were one of the astute investors that purchased from the developer Nakheel at launch you...

Phase one of Elie Saab Waterfront has already sold out, signaling high demand for premium property in Abu Dhabi. Ohana Development, in collaboration with Metropolitan Capital Real Estate (MCRE), is introducing the Elie Saab Waterfront, the first branded residential tower on Al Reem Island in Abu Dhabi. With 174 units ranging from AED2 million to AED45 million, the development has already sold out its...

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