April 1, 2024

In Dubai property, UAE Nationals to get 10-15% quota in project launches by leading developers

The Dubai Land Department has partnered with nine developers to bolster employment opportunities for UAE Nationals. Steps have been implemented to increase the representation of UAE Nationals as real estate agents in property sales within Dubai. The objective is to ensure that between 10-15 percent of units in projects from some of Dubai’s leading developers are allocated and sold by Emirati...

Amid rising rents, firms looking to own properties

Several local and regional companies in Dubai are following the lead of residents by transitioning from renting to owning properties, driven by escalating rental costs. Mirroring the behavior of Dubai residents over the past few years, many local and regional companies are opting to purchase properties to counter the upward trend in rental prices. This shift has notably influenced Dubai's residential...

Emirates announces ultra-luxury branded residences

Construction will commence next year on the 31st of February. Emirates Airlines, the leading carrier of Dubai, has jokingly revealed intentions to construct its own signature residences in a prank for April Fool's Day. According to a post on X on Monday, the proposed building will consist of units featuring luxurious interiors inspired by Emirates' renowned in-flight ambiance, stretching across a...

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