As Dubai's population experiences rapid growth, the demand consistently surpasses the available supply. Dubai's robust off-plan real estate sector, exhibiting impressive growth over the past four consecutive years, has propelled the overall UAE market to achieve Dh455.7 billion in sales in 2023. As the off-plan sector is expected to continue supporting the market's growth in 2024 and beyond, realty...
Dubai has evolved beyond being a transitional market. Due to luxurious amenities and high demand from high net worth individuals, branded residences in Dubai can yield twice the rental income compared to non-branded residences. According to industry executives, luxury and branded homes also exhibit a greater potential for price appreciation compared to other segments of the market. Dubai is no...
Rental increases are anticipated to average 8-12%, with comparatively lower levels of growth expected in outer and suburban locations. Dubai is currently experiencing the emergence of a two-tiered rental market due to the widening gap between renewal and new lease rents. Prathyusha Gurrapu, Head of Research and Consulting at Cushman and Wakefield Core, noted that a growing number of Dubai tenants are...
A Ministry of Finance official in the UAE has reaffirmed the country's stance on income tax. The Ministry of Finance’s Undersecretary, Younis Al Khouri, has confirmed that the UAE has no intentions of implementing income tax for individuals. Al Khouri made this clarification during the 9th meeting of the Under-Secretaries of Ministries of Finance in Arab Countries, organized by the Arab Monetary Fund....
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