The Dubai has commenced with all its glory, and visitors have started to pour in from every part of the world. This has resulted in a higher demand for ready properties in the emirate.Reports from several property portals in Dubai show that ready properties in several communities were reportedly fully or partially booked even before the event started on October 1.Georges El Hachem, commercial director of...
The gates are now open to what promises to be the greatest show on Earth – but how much does it cost for a family day out at Expo 2020 Dubai?Depending on how much families want to spend, a trip to the Expo can be done on a small budget, or for a special day out visitors can spend a little more to make the most of their experience.A typical family of four can expect to pay about Dh400 ($109) for a day...
The skyline of Dubai will soon have a new addition in the form of an iconic 50-floor tower, which will be the world's biggest piece of art in the form of a building.As it will be called, the Clothespin Tower will come up in an undisclosed location in Dubai hopefully by 2026. It will be the first massive piece of art that will allow people to be a part of by viewing it and entering it and living in it.The...
DExpo 2020 Dubai has just rolled out a very special offer. You can now get a month’s pass for the price of a day ticket to the mega event.Priced at Dh95, the October Pass gives visitors access to the Expo site for 31 days. The promotion is available until October 15. It also offers 10 ‘Smart Queue’ bookings per day for participating pavilions and attractions, “so you can skip waiting in long...
Dubai’s off-plan realty market has bounced back to 2019 level, and continues to gain momentum, underscoring the soaring investor confidence in the new boom cycle, data revealed by a leading property portal show.In 2021, the off-plan market has been thriving since the beginning of the year. Developers are now starting to launch new villa/townhouse communities mostly in the suburban parts of Dubai such as...
Leaving behind the impact of COVID-19 outbreak, GCC economies are poised for a strong rebound supported by accelerated efforts towards economic diversification, according to a recent MUFG research note.Decade-old concept of GCC relying on oil and gas has led to overdependence on energy prices, an underdeveloped private sector and low productivity growth. The impact of pandemic on the regional economies is...
A Real estate deals worth Dh2 billion were concluded on Wednesday, according to the Dubai Land Department.A land plot was sold for Dh9 million in the airport city, followed by a plot that was sold for Dh8 million in Warsan 1, and the third most expensive plot went for Dh6 million in Muasaim 1.Nad Al Sheba 1 topped the list of areas in terms of the number of transactions with four deals worth Dh11 million,...
A total of 1,667 real estate and properties transactions were valued at Dh9.4 billion in total during the week ending September 2, 2021, according to Dubai Land Department (DLD).The DLD weekly report said 146 plots were sold for Dh2.26 billion, 1,080 apartments and villas were sold for Dh2.25 billion.The top three transactions were a land in Marsa Dubai sold for Dh658.5 million, followed by a land that was...
Dubai ranks among the 30 prominent global cities to record a positive capital value growth for prime. Residential properties during the first six months of 2021 as the resilience of the world’s residential property.markets continued unabated in the first half of 2021 --- the fastest growth rate since December 2016 --- a report by a leading global real estate advisor said on Monday.The work-from-home boom...
As high-net-worth individuals consider their estate plans, building generational wealth is top of mind. Investing in real estate is one effective way to achieve portfolio diversity and grow wealth that can be passed on to younger family members—while still offering flexibility. “Real estate is a pretty unique asset class with a range of underlying characteristics and strategies that can serve multiple...