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The total transaction value of residential real estate increased by 10% when compared quarter-on-quarter. In the second quarter of 2021, the total amount of transactions amounted to $ 8.4 billion, in the third quarter - $ 9.2 billion. This result exceeded the last quarterly record of $ 8.6 billion recorded in the fourth quarter of 2013. Finished real estate amounted to $ 5.6 billion of the indicated amount. Off-plan real estate sales rose 48% QoQ to $ 3.6 billion. According to Property Finder, the most popular areas for buying finished real estate are: Damac Hills 2; Nad Al Sheba; The Springs; Dubai Hills Estate; Arabian Ranches. Specifically for apartments, Dubai Marina, Business Bay, Jumeirah Village Circle, Downtown Dubai and JLT are leading. In terms of off-plan, the...

Traditionally, developers have dominated the primary real estate market during the planning or construction phase. The pandemic and the decline in demand led to the impossibility of implementing many projects at these stages, and they could be implemented only after completion as a finished property. Developers have sold 11 303 luxury real estate objects for the current year 17 286 objects at the construction stage (note: off-plan). 38% of transactions in the finished property market were for projects sold directly by developers. The secondary market for finished housing provided 62% of all transactions. October 2021 was the best in the last eight years. Five thousand three hundred fifty-two transactions were registered with a total value of $ 3.59 billion. Thus, over ten months, 48,651...

In the first nine months of 2021, 43,299 real estate transactions were recorded with a total value of over $ 28.3 billion. Developers participating in the Cityscape Global exhibition held as part of Expo 2020 praised the role of foreign investors in the market recovery. Cityscape brought together more than 70 developers, consulting companies and architectural companies at its site. The successful operational response drives Dubai’s appeal to foreigners to COVID-19, the vaccination program and extremely low-key restrictions. To date, more than 21 million doses of the vaccine have been sold in the UAE. The total cost of transactions in 2021 is up 45.15% compared to 2020. It is indicated that great interest is expressed not only from foreigners who plan to connect their lives with...

Non-residents can be daunted by buying real estate in Dubai. However, if you enlist the services of a trusted specialist with extensive experience, the process will turn to be less complicated. In 2021, a great number of investors and wealthy individuals have become interested in how to buy real estate in Dubai on the back of the booming UAE property market. In this article, we’re going to tell you more about buying real estate in Dubai. Contents How to buy a property in the UAE if you are non-resident? Real estate transaction stages Foreign buyers protection Taxation Is it possible to buy an apartment in Dubai remotely? Pros and cons of buying remotely Tips for first-time buyers We will help you become an owner of real estate in Dubai How to buy a property in the UAE if...

The real estate market in the UAE has been rapidly recovering since the end of 2020, with Dubai’s residential sector seeing the largest number of transactions. Let’s look at the current prices and trends in the UAE housing market in more detail below. Contents UAE housing market forecast for 2022 Post-pandemic property prices in Dubai Is residential property a good investment? Opportunities of residential sector in Dubai, UAE Buying homes online What experts expect Property prices in Dubai Best areas to invest in real estate Real estate professionals to help you find your perfect home UAE housing market forecast for 2022 Going into 2022, we expect to see the uptrend continue. “The prospects are positive. This is not just an assumption, but a fact based on reasonable...

Many foreigners decide to buy a cheap apartment in Dubai and move to the UAE. Moving to Dubai entails a lot of questions and nuances, including obtaining a residence permit. In the United Arab Emirates, a residence visa grants permanent residence and privileges that UAE citizens have. It enables an expat to legally stay in the country for long term. There are different grounds for obtaining a residence permit, however, most foreigners seek to get it when buying real estate or for work. Below we’ll outline the advantages the UAE residence visa offers and what documents are required for the application. Contents Getting a residence visa for Dubai, UAE Opportunities for UAE residents Visa policy in the UAE When you need to apply for visa and when you do not...

Dubai is one of the most sought-after destinations for tourism and business, so real estate is regularly bought and sold here. Many of those who are interested in moving to Dubai are wondering whether to rent an inexpensive apartment in Dubai or buy a home using a mortgage. Thousands of expats embrace the second option. Let’s find out why below. Investors can make capital out of owning a property. You can always cash in on renting it out or reselling it. Dubai has witnessed between 6% and 10% rental yield on the residential property in 2021. So homeowners are at a distinct advantage when it comes to mortgage payments and covering their living expenses. In this article, we look into how mortgages work in the UAE and what the requirements are to get a home loan as a foreigner...

The United Arab Emirates is among the most prosperous countries in the world. It is widely popular for its luxury way of living. Dubai, the most progressive and technologically advanced of all the emirates, plays an important role in the UAE. It’s not cheap to live there. This is due to a combination of factors including exemplary quality of real estate, high salaries, education, healthcare and much more. All this attracts thousands of tourists and expats. We’ll tell you more about the cost of living in Dubai, UAE, and other important benefits for expats below. Contents Cost of living in the UAE Housing and utility bills Buying an apartment Renting a property Utility bills payment Food and clothing Fast food Cafes and restaurants Clothing Transport and...

Residential segment of the United Arab Emirates pleases with a variety and high quality of construction. Investors from all over the world are closely following the developments in the real estate sector of this country, so as not to miss the opportunity to profitably invest. However, many aspiring businessmen hesitate to consider the country for investment due to the fact that they consider Arab housing to be extremely expensive. Is it really so? As reported at the Emirates.estate portal, it is not at all necessary to possess hundreds of millions to purchase an apartment on the first coastline: the minimum cost of a residential property here is only 14.5 million rubles. This offer can be considered incredibly profitable given the fact that apartments are sold for the same price even in...

The cost of apartments for rent in Dubai varies not only depending on the footage and the number of bedrooms. Moreover, a significant pricing factor is property location - what area it is located in, what part of the community it is and what views are open from the windows. Analytical agency Asteco informs which areas should be addressed to investors or expats who want to buy exactly inexpensive real estate in Dubai. One of the most notable areas in terms of price is International City, with particularly affordable properties starting at AED 20,000 for a one-bedroom apartment. Deira also demonstrates pleasant prices - here you can rent housing for 25 thousand dirhams, also calculated for a year of rent. Jumeirah Village is an area of the premium segment, where, however, you can find...

Azizi is a development company in the United Arab Emirates that has announced the start of new projects. Right now, the new acquired land is being developed by the company: Azizi announced that it has bought new plots in Meydan (Dubai Meydan), near which the Dubai One Tower under construction is located. This building should become a new landmark of the state: the tower will exceed 700 meters and will attract a new flow of tourists, and therefore real estate nearby will always be in value. The work of the developer Azizi is supported by the government due to the vector change of the state program to attract foreign investors. Earlier, funds flowed into the country mainly from investors purchasing housing for rent, and therefore there were no budget proposals on the market. This state of...

Travel service OneTwoTrip deals not only with vacation offers and destination reviews. The company has its own analytical department, which regularly reviews the information from the point of view of drawing up hit parades - identifies the most popular, inexpensive, comfortable, etc. places among the tourist destinations. And now, when the velvet season has already arrived, OneTooTrip experts, having analyzed the market, announced the places with the cheapest accommodation. It may seem surprising for a country of luxury and wealth, but Dubai is in this ranking at a high line. The most budgetary ones were Sharm el-Sheikh and Hurghada with prices of 900 and 1250 per day, respectively. Istanbul is next on the list (1,380 rubles), Alania is in 4th place with a price tag of 1,650 rubles. And...

The new ranking of the UAE, compiled by experts from Emirates.Estate, includes real estate from different emirates, including Dubai, a city of luxury and wealth. When compiling the list, only one parameter was taken into account - it should be housing located in the United Arab Emirates next to the sea. There is an opinion that such objects cost unrealistic money, but statistics prove the opposite. Thus, the most affordable option was an apartment in Ras al-Khaimah worth only 8 million rubles. The object is located just 500 meters from the coast, the developer informs about the final finishing of the housing. Dubai apartment is only on the 2nd line of the rating, and not just God knows what, but located in the cult community of Dubai Marina. A spacious one-room apartment with an area of...

Finding a cheap apartment in Dubai is not a myth, but an existing reality. The UAE market is filled with luxury offers, but a closer look at the expats will find themselves at a decent price tag for apartments, including those located in good neighborhoods. It should be understood that by Dubai standards, economy housing is not equal to that in Russian realities. Even the most inexpensive apartment here is fully equipped for living and offers higher comfort than similar housing in Russian cities. If you want to live in even more comfortable conditions, but at the same time save money on rent, Asteco experts suggest taking a closer look at the following middle-class residential communities: Jumeirah Lake Towers - a residential area of ​​comfort class, where you can rent one-room...

Dubai is synonymous with luxury and high comfort in everything. The residential sector here, as many people think, consists exclusively of expensive and very expensive real estate, available only to millionaires. But is it really so? The truth is that there really is no substandard house or dubious building in Dubai. Taking into account that the city began to be built here only at the end of the last century, there are no old districts here either. However, there is economy housing, but in terms of its appearance and quality it significantly exceeds the assigned class. And now, according to the analytical information of the agency Asteco, the government of the country strongly supports city development with inexpensive real estate objects. What is it for? Experienced and highly qualified...