The elimination of the mandatory Dh1 million down payment for the Golden Visa is a significant development. The beginning of 2024 has been auspicious for the Dubai real estate market, recording transactions totaling Dh34.8 billion in January. This marks an almost 25 percent surge compared to the corresponding period in the previous year, accompanied by a 17 percent rise in transaction volume. It...
Everything you should be aware of regarding the mortgage pre-approval process in Dubai if you are a potential first-time homebuyer. Acquiring financing for your ideal home might appear intimidating, but with proper preparation and adherence to the correct procedures, purchasing property through a mortgage in Dubai is entirely feasible. The initial crucial step involves securing a mortgage...
Listings for the same property at different prices are decreasing, and this trend is expected to continue with an increase in such occurrences. There were times in the past when the same residential property in Dubai would have multiple listings and prices. All that this did was end up distorting the property market for buyers and sellers alike. Now, that won't happen. The number of residential...
The market displays impressive resilience fueled by robust demand, leading to expansion. The UAE continues to attract global investments, businesses, and individuals, reemerging as a key hub. Supported by robust economic expansion and effective government initiatives, these elements have driven significant recovery and growth in the real estate sector since the pandemic four years ago. The real estate...
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