2024

Dubai developer to select tenants for new building through exclusive auction

The online auction on Alphabeta Properties commenced on January 21 and is expected to continue for approximately two weeks. On Meydan Avenue, Alphabeta Properties unveiled its residential project M77 last Sunday, introducing a distinctive approach to rentals. M77 is set to select its residents through an exclusive online auction, a pioneering concept in Dubai's real estate market. The luxury building...

How much are you legally allowed to raise rent in the emirate? Experts weigh in

There is a notable increase in property demand in Dubai, with both villa and apartment rents experiencing a steady upward trend. "In response to an extraordinary surge in demand, the Dubai real estate market is undergoing unparalleled growth, surpassing the available supply. With a noticeable increase in property demand, both villa and apartment rents are steadily climbing, and there are expectations...

UAE real estate breaks records with dependable off-plan sales in 2023

Growth in the real estate markets of both Dubai and Abu Dhabi was fueled by off-plan sales, with Dubai experiencing a greater boost due to a flourishing tourism sector that increased the demand for homes. GBO CORRESPONDENT Experiencing a robust off-plan market that set new annual records, Dubai and Abu Dhabi collectively achieved real estate sales exceeding 455.7 billion UAE dirhams (USD 124...

Dubai’s Salik announces two new toll gates on major routes to ease traffic

Scheduled to commence operations in November 2024, the new toll gates will raise Salik's total count in Dubai from eight to ten. Salik Company PJSC, the exclusive toll gate operator in Dubai, has been tasked by the Roads and Transport Authority (RTA) with the installation of two new toll gates to alleviate congestion and optimize traffic flow on crucial routes within the city. The two additional toll...

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