2024

Emaar Address Residences Zabeel sells out in a week: Sources

Address Residences Zabeel comprises four iconic towers in Dubai's financial district, offering 1- to 3-bedroom apartments and penthouses, with prices starting at AED 1.8 million. Apartments at Emaar Address Residences Zabeel experienced a remarkable sell-out within a week, according to sources familiar with the situation as reported by Arabian Business. Consisting of 1- to 3-bedroom apartments and...

AED 50,000 fine imposed on 30 property firms each for violating advertisement rules

Repeatedly, Dubai authorities have emphasized to property firms the importance of adhering strictly to advertising rules to guarantee transparency. 30 real estate companies in Dubai have each been fined Dh50,000 by the regulatory authority for non-compliance with the terms and conditions outlined for real estate advertisements. The Dubai Land Department's regulatory arm, the Real Estate Regulatory...

Rent to remain ‘unchanged’ for villas but apartments to see price hike, expert says

In Q4 2023, Dubai's real estate market experienced unprecedented rental rates and robust expansion, marked by a decade-high average in villa rents and a sustained upward trajectory in apartment prices. According to Haider Tuaima, Director and Head of Real Estate Research at Valustrat, the villa rental market in Dubai is anticipated to maintain a relatively stable condition in the first quarter of 2024,...

Is your landlord illegally increasing your rent? Here’s how to find out

Dubai inhabitants can precisely determine permissible rent increments in accordance with RERA guidelines and contest unjustified raises – all the information you require. Residential property rents in Dubai have experienced a substantial increase in the past year, and certain estimates indicate that lease values have surged by nearly 20 percent throughout the emirate. Assessing rental renewals in...

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