No Comments

Where to buy property in Dubai?

There are several common expressions in real estate. Location, location, location; home values always go up over time; our home is a good investment. They are some of the most often heard idioms. If we break down the Dubai real estate market into submarkets, we will notice that nowadays the properties are being classified based on hedonic attributes, such as: quality, views, age, facilities, amenities, etc., and that once very popular areas like Dubai Marina, JLT or JBR have bottomed out in the past 4 years. So, with the Dubai real estate market having reached maturity, there is one question arising: where to buy, and most important why?

Read more

No Comments

Would you buy a property in Dubai if you had a 10-year visa?

UAE Cabinet has recently taken a major decision to provide a long-term 10-year residency (not employment) visa for high-end professionals working in specialized fields, such as medicine, engineering, research, science and other technical fields, as well as exceptional students. Moreover, the owners of companies in the UAE will be able to hold 100% ownership, without the requirement of a local sponsor. The move came as an important step to make UAE a less transient country, just as HRH Sheikh Mohammed explained:

Read more

No Comments

What is Dubai South and where should you invest?

Branded “The City of You”, Dubai South is an ambitious project started under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Emerging as one of Dubai’s flagships project, Dubai South has quickly become a central hub for major investments, both privately owned and governmental. The entire south area of Dubai is currently being developed around the individual’s happiness, thus incorporating a unique concept.

Read more

1 Comment

Why UAE is at least 50 years ahead from the rest of the world!

Dubai has recently hosted the Annual Meeting of the Global Future Councils, bringing together 700 experts from future-facing technologies, embracing HH Sheikh Mohammed bin Rashid Al Maktoum’s aim to be a leader at the forefront of the Fourth Industrial Revolution. Web Economic Forum has shown in a recent report why UAE is turning this vision into a reality, placing itself as not only a groundbreaker, but a pioneer in the latest technology advancements.

Read more

No Comments

Real Estate and the 2020 ‘movement’

According to the World Bank rakings, UAE occupies the first place in the MENA region in terms of doing business, and the 26th place in the world, overpassing countries like Japan or France. On the other hand, it comes to no surprise that UAE ranked first in terms of paying taxes, being renowned for its tax-free environment. With its numerous free zones, excellent infrastructure, governmental aid, strategic location and safe transportation, UAE has scored far ahead from its neighbors Bahrain (63), Oman (66), Qatar (83), Saudi Arabia (94) and Kuwait (102).

Read more

No Comments

TOP 5 amazing new projects coming up in Dubai (2017)

After oil and trade, the construction industry in the UAE stands as the third largest income supplier, as the UAE Ministry of Economy expects the country’s GDP to grow around 3% in 2017. As Dubai approaches the finish line for Expo 2020, the construction sector is expected to witness a 4% growth compared to 2016. Major government investments, continuous population growth, and the relentless effort made by the developers to correlate supply and demand and feasibility, has open the road for large projects in healthcare, hospitality and residential sectors. Among numerous projects taking place at the moment, there are few which stand out:

Read more

No Comments

Want to make money? Invest in land

According to a report released by Reidin-GCP, the land prices in the first six months of 2017 have increased with 13%, while the housing sector has suffered. Land transactions have witnessed a steady growth since 2016, which led to an appreciation of prices. As the Expo 2020 preparations gather momentum, the land transactional activity will be fast paced, consequently pushing the prices even higher. Land has become the new investment trend in Dubai, with more and more investors being encouraged to buy and sell land, rather than developing properties on their own. The report from Reidin shows a staggering fact: throughout the last 14 years, land-investments in Dubai have surpassed the residential units investments by more than 50%. Dubai issued 38% more construction permits in 2016 than in 2015 and this trend continues to grow, as the government has decided that it is time to manage the scarcity in plots availability and offer new locations for development towards the south and the west areas of the city. The already built-out areas like Downtown, Dubai Marina, Palm Jumeirah or the Sheikh Zayed Road’s main attraction points were becoming extremely difficult to source, thus creating a shortage in land supply, with many owners still holding onto their assets after the last economic crash.

Read more