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Dubai had the option to request a rental evaluation to modify rental rates according to the benchmark provided by the outdated calculator.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