Starting next week, property buyers who opt for a mortgage will need to pay the Dubai Land Department (DLD) fee and the brokerage fee upfront. Real estate industry experts noted that banks had previously covered these costs—DLD’s four per cent fee and brokers’ two per cent commission—within the total mortgage. As of February 1, 2025, UAE banks will no longer finance the DLD fee and brokerage...
Dubai has become a prime destination, with its rapidly expanding real estate market and investor-friendly policies drawing interest from around the globe. With this in mind, TEKCE Real Estate, an international company widely recognized for its Spanish brand, Spain Homes, has launched its 20th office in Dubai. This article explores the thriving real estate sector, impressive market statistics, and the...
The market is set to undergo a significant shift this year, with previously affordable neighborhoods evolving into highly desirable residential areas due to improved infrastructure and enhanced amenities. Dubai’s property rental market is expected to experience ‘balanced’ growth in 2025, with rental rates rising in certain prime locations and property types while the influx of new properties helps...
Palm Jumeirah and Palm Jebel Ali attract investors as Dubai’s luxury real estate sector reaches record highs Dubai’s luxury residential real estate market set a new benchmark in 2024, achieving a record number of $10m+ home sales, according to Knight Frank’s latest analysis. The city recorded 435 sales above $10m, surpassing the 434 transactions registered in 2023, further solidifying its...
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