In 2023, there was notable growth in property transactions in Dubai's residential sector, encompassing both primary and secondary markets. JLL's A Year in Review UAE report states that despite global economic challenges, the real estate sector in the UAE exhibited resilience, experiencing substantial growth across major asset classes in 2023. Research Director Faraz Ahmed...
Mercedes Benz reveals new real-estate brand called Mercedes-Benz Places Mercedes Benz collaborates with Binghatti in Dubai, unveiling Mercedes-Benz Places, a groundbreaking venture merging automotive and architecture. The project kicks off with the construction of a 65-story residential tower in Downtown Dubai, delivering an interconnected luxury living...
An executive clarified that regardless of the upfront payment amount, the owner can apply for the 10-year residency. The Dubai government has relaxed Golden Visa eligibility for real estate investors, eliminating the previous requirement of a minimum down payment of Dh1 million. Property owners, opting for a payment plan or mortgage, can now apply for the 10-year residency visa, regardless of the...
Limited choices remain for new development in the Marina, Palm, and Business Bay regions. The demand for new developments in Dubai's post-pandemic period has led to a surge in plot prices for villa and residential building development, rising by as much as 60%. Key areas like Business Bay, Downtown, Marina, and Palm Jumeirah are experiencing either a lack of available plots or nearing full capacity,...
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