April 5, 2024

Inside The Oasis: Emaar’s new $20bn ultra-luxury, sustainable development in Dubai

Arabian Business examined Emaar's forthcoming master community, providing comprehensive details about The Oasis that cover all essential information. Emaar Properties has revealed its blueprints for The Oasis, their latest expansive mixed-use development sprawling across more than 100 million square feet in Dubai. Envisioned with an approximate investment of $20 billion, the endeavor will encompass a...

New RERA calculator reset to limit landlord rent hikes, boost transparency, say experts

Before, landlords in Dubai had the option to request a rental evaluation to modify rental rates according to the benchmark provided by the outdated calculator. Starting April 1, in compliance with new regulations from the Real Estate Regulatory Authority (RERA), Dubai landlords seeking a rent re-evaluation based on a higher rate than indicated by the updated Rental Index must provide a judgment or legal...

Off-plan v ready property sales figures revealed, 36,000 sales transactions in Q1

Investors are eagerly seizing the opportunity in Dubai's real estate market, with over 36,000 homes being purchased within the initial quarter of the year. In the initial three months of 2024, the Dubai real estate sector has seen continual interest in both current and off-plan properties, as indicated by Property Finder’s Market Watch digest report. The analysts at Property Finder have noted over...

DMCC and Danube Properties partner to launch $545mln residential project in thriving JLT District

A new residential project is among several thrilling new developments for the JLT community. A partnership between DMCC and Danube has resulted in the development of 1,200 new residential units, amounting to a USD 545 million investment in the district. This collaboration follows the successful sale of Viewz residential units, marking the initial venture between the two in JLT’s Cluster K. The ongoing...

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