Real Estate

‘Too much for us to afford’: Dubai residents dread rent increase after Rera index update

Dubai residents fear being unable to manage the rising rent costs following the update to the Rera index. Abin George, a resident of Dubai for three years in his Jebel Ali apartment, has witnessed an annual rent increase of Dh19,000. As the Real Estate Regulatory Authority (Rera) index undergoes updates, the expatriate, having resided in the same property for an extended period, expects a rental hike...

Taraf, Karl Lagerfeld announces new exclusive real estate project with villas starting at $4.1mn

During a private interview, the project's numerous intricacies were deliberated upon by Karl Lagerfeld's CEO, Pier Paolo Righi, and Taraf's CEO, Ahmed Shibel. Dubai-based real estate developer Taraf, in collaboration with luxury fashion house Karl Lagerfeld, has introduced a new collection of branded residences in the emirate. This venture signifies Karl Lagerfeld's fourth foray into branded residential...

Branded residences set for 410% increase as investors eye jewellery and motoring-themed property boom

Dubai holds the top position worldwide in branded residences, with prominent lifestyle brands entering the luxury real estate market alongside hotels. Dubai's branded residences have become a prominent global real estate trend, attracting hotels, jewelry brands, and automotive companies to venture into the real estate sector. Dubai stands out as the foremost city worldwide in the development of...

Dubai Mall becomes most visited place with record 105 million visitors in 2023

New figures released by the mall on Tuesday also showed a staggering 20 million people visited the mall in the first 2 months of this year alone On Tuesday, the Dubai Mall announced a remarkable surge in visitors, reaching an unprecedented 105 million in 2023, marking a notable increase of over 19 percent from the previous year's 88 million. The Mall declared its status as the world's most visited place,...

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