March 2024

According to an expert, under the new regulation, eviction notices are now linked to the property rather than the specific landlord. A legal expert informed Arabian Business that there has been a "significant legal transformation" allowing eviction notices to be transferred with a property sale. In the past, new owners had to issue a new 12-month eviction notice even if one had been previously served....

Dubai residents fear being unable to manage the rising rent costs following the update to the Rera index. Abin George, a resident of Dubai for three years in his Jebel Ali apartment, has witnessed an annual rent increase of Dh19,000. As the Real Estate Regulatory Authority (Rera) index undergoes updates, the expatriate, having resided in the same property for an extended period, expects a rental hike...

During a private interview, the project's numerous intricacies were deliberated upon by Karl Lagerfeld's CEO, Pier Paolo Righi, and Taraf's CEO, Ahmed Shibel. Dubai-based real estate developer Taraf, in collaboration with luxury fashion house Karl Lagerfeld, has introduced a new collection of branded residences in the emirate. This venture signifies Karl Lagerfeld's fourth foray into branded residential...

Dubai holds the top position worldwide in branded residences, with prominent lifestyle brands entering the luxury real estate market alongside hotels. Dubai's branded residences have become a prominent global real estate trend, attracting hotels, jewelry brands, and automotive companies to venture into the real estate sector. Dubai stands out as the foremost city worldwide in the development of...