Properties valued at Dh2 million continue to attract significant demand in 2024 from investors and end-users seeking the 10-year Golden Visa. Property investors aiming for long-term residency in the UAE must purchase assets worth Dh2 million or more. To qualify for the Golden Visa in Dubai, investors can either buy a single property valued at Dh2 million or multiple properties with a combined value of...
Demand in Dubai’s real estate market is soaring, driving luxury properties to record-high valuations. Even the April floods couldn’t slow down the booming market. State-backed Emaar Properties, a prominent name in Dubai’s skyline, reported $8.1 billion in sales from its development business during the first half of the year, up from $5.2 billion during the same period last year. Citywide,...
The Dubai Land Department (DLD) has partnered with seven major developers in Dubai to reduce transaction times by granting them access to DLD’s registration systems for managing real estate transactions. This collaboration aims to enhance cooperation with the private sector and improve public services through DLD’s electronic systems, simplifying procedures and speeding up transaction times. The...
In July 2024, Dubai’s residential property market experienced substantial growth, according to the latest ValuStrat Price Index (VPI) report. The VPI increased by 2.2 percent from the previous month, reaching 178.2 points, which marks a 28.5 percent rise over the past year. Villas outperformed apartments, with the villa sub-index reaching 232.1 points compared to 149.6 points for...
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