April 2024

Landlords in Dubai have begun raising rents upon renewal of their tenancy contracts following an update by the Real Estate Regulatory Authority (RERA) to its rental index, enabling property owners to align rents with market value. According to industry executives, numerous tenants in the emirate may not experience rent hikes until later this year or early next year, coinciding with the conclusion of...

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...

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Dubai had the option to request a rental evaluation to modify rental rates according to the benchmark provided by the outdated calculator.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...

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...