More Dubai developers have stepped forward to aid their communities following heavy rains this week that led to extensive flooding and property damage. They have committed to covering the costs of repairs for affected residents free of charge. MAG, a private real estate developer, has pledged to assist its customers impacted by the recent downpours. "The company will bear all expenses for necessary...
According to industry experts, the recent severe floods in Dubai should serve as a reminder of the significance of obtaining home insurance. They note that the percentage of UAE residents with home insurance is surprisingly low, with less than 15 per cent having coverage. Inquiries about home insurance in the Middle East typically arise only during extreme weather events or fires, reflecting a...
According to Knight Frank, a global property consultant, there were 105 properties sold in Dubai in the first three months of this year valued at more than $10 million, marking a 19% increase from Q1 2023. Faisal Durrani, Partner – Head of Research, MENA, explained, “The level of deal activity in Dubai continues to strengthen, particularly at the top end of the market, where there's a constant...
Apart from Indians, American investors are also showing interest in Dubai's property market lately. The first quarter of 2024 witnessed a notable shift in investment patterns within Dubai's residential real estate sector, with Indians once again taking the lead as the primary nationality investing in the city's property market, surpassing longstanding leaders, the British, according to industry insiders...
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