Dubai has taken a bold step towards transforming its real estate market with the launch of the ‘Real Estate Tokenisation Project’ by the Dubai Land Department (DLD). This innovative initiative introduces blockchain technology to tokenise property title deeds, enabling fractional ownership and opening up new investment opportunities. By allowing multiple investors to co-own a single...
Dubai Land Department (DLD) has joined forces with REACH, a globally renowned real estate technology accelerator backed by the National Association of REALTORS® (NAR), to launch REACH Middle East. This groundbreaking partnership aims to position Dubai as a regional hub for proptech innovation, attracting cutting-edge startups and driving transformative advancements in the real estate sector. The...
Dubai has become a magnet for millionaires and billionaires, redefining luxury living and establishing itself as a global leader in the prime real estate market. Offering exclusivity, innovation, and unmatched investment potential, the city continues to attract high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) from around the world. Unmatched Growth in Prime Real...
Master developer Arada has achieved a remarkable milestone with the launch of its highly anticipated Masaar 2 project in Sharjah. Within just three hours of its launch, all four phases of this forested master community were completely sold out, with 2,000 homes worth Dh5.6 billion snapped up by eager buyers. Prospective buyers began lining up outside Arada’s sales centers as early as 2am, and by...
DAMAC Presents Unmatched Ramadan Offers for Investors Ramadan is a season of generosity, reflection, and new beginnings, where traditions of giving and prosperity shine. Embracing this spirit, DAMAC Properties introduces LAYALY DAMAC, an exclusive property show throughout Ramadan, offering high-net-worth investors a unique chance to tap into Dubai’s thriving luxury real estate market. With...
Dubai property service charges are set to increase by up to 10% in 2025, driven by rising real estate maintenance costs, higher district cooling charges in Dubai, and increased utility expenses. These fees cover property management costs, including cleaning, security, waste disposal, landscaping, and other real estate service charges in Dubai. For Dubai property investors and homeowners, understanding...
Dubai-based developer Danube Properties has introduced innovative flexible unit designs, allowing owners to convert studio apartments into one-bedroom units and one-bedroom units into two-bedroom apartments. This groundbreaking concept, featured in the Timez by Danube project located in Dubai Silicon Oasis, is designed to meet the growing demand for adaptable living spaces in Dubai’s competitive real...
SAAS Heights on Al Reem Island offers 134 meticulously designed residences per tower, ensuring privacy, tranquillity, and breathtaking sea views. UAE-based luxury property developer SAAS Properties proudly announces the launch of SAAS Heights, an exclusive collection of sea-view residences on Al Reem Island. Combining unmatched sophistication, exclusivity, and opulence, SAAS Heights redefines elevated...
Question: I’m a tenant in Dubai and recently received a rent hike notice that seems unfair. Dubai has introduced a smart rental index. How can I use this tool to negotiate a better rental rate? Answer: In Dubai, rental increases are regulated by specific laws, including Decree No. (43) of 2013, which outlines the maximum percentage by which rent can be raised. The increase depends on...
A stunning Dh63-million penthouse was among the units sold on the first day of the Burj Azizi launch, marking a historic moment in Dubai’s real estate market. The 131-storey tower, set to become the world’s second-tallest building, offers 128 ultra-luxurious 1, 2, and 3-bedroom penthouses spread across eight exclusive floors. The crown jewel is the 88th-floor penthouse, featuring a private steam room,...