News

The Sustainable City - Yas Island, constructed by Aldar Properties in collaboration with Diamond Developers, had 100% of its sales closed within 24 hours of its public debut, generating more over Dh1 billion Due to the high demand, 352 additional townhomes and condominiums that were supposed to be released in later phases are now up for sale. In the first stage of the project, 512 homes were...

The Real Estate Registration Department of Sharjah revealed the astounding AED24 billion in real estate sales in 2022. More than AED16.2 billion in investments were made by citizens of the UAE, while AED1.4 billion in investments were made by citizens of the other GCC nations. Additionally, investments totaling AED 4.2 billion were made by Arab nationals, compared to AED 2.2 billion by foreign...

According to information released by Dubai's Land Department, the real estate market in Dubai saw 461 sales transactions for AED1.25 billion on Wednesday, 95 mortgage transactions worth AED5.22 billion, and 53 gift transactions worth AED154.86 million (DLD). The sales included 384 homes and apartments worth AED921.97 million as well as 77 land plots for AED332.08 million. The mortgages included 15 land...

By the end of 2023, Samana Developers, a Dubai-based developer, plans to begin 12 new projects, including six-hundred million-dollar ($680 million) five-star hotels. The developments contain more than 2,400 units. The developer also reviewed their performance for 2022 on Tuesday, along with the 2023 design. The company has targeted a fourfold increase in growth. The corporation is presently choosing...

By the beginning of 2026, Ellington Properties will construct a brand-new residential complex with 377 units and a Dh1.2 billion price tag in the Jumeirah Lakes Tower high-tower neighborhood. For the "Upper House" project, the developer has selected Brewer Smith Brewer Group (BSBG) as the design firm. Additionally, this is Ellington’s first business effort in JLT; up until now, it has operations in...

219 homes were sold in Dubai in 2022, greatly breaking previous real estate market records, for an average price of almost $10 million. Prior to 2021, there were 93 such sales of homes costing $10 million or more, with an annual total of 20 units or less. In 2015, the total just went over 31, according to a new update from Knight Frank. In reality, 2022 was the year that Dubai experienced a rush of...

You can now submit a Golden Visa application or complete any process regarding Dubai residency permits thanks to the introduction of video chat. The General Directorate of Residency and Foreigners Affairs - Dubai (GDRFA-Dubai) introduced a new service on January 11 that claims to provide immigration and residency services via video chat in under five minutes. Through the GDRFA website at...

The real estate market in Dubai had 505 sales transactions worth AED1.06 billion on Tuesday, along with 55 mortgage agreements totaling AED82.22 million and 25 gift deals totaling AED86.73 million, according to data released by Dubai's Land Department (DLD). 463 houses and apartments worth a combined AED888.26 million and 42 land plots worth AED175.01 million were sold. The mortgages were for 45 villas...

The majority of UAE workers are now eligible to sign up for unemployment insurance, but in order to receive the policy's cash benefits, you must meet ten criteria. Both Article 9 of Cabinet Resolution No. 97 of 2022, which was issued after the law was approved and governs the unemployment insurance program, and Article 5 of Federal Decree-Bill No. 13 of 2022 specify these conditions. If you want to...

The first two stages of the Sharjah Sustainable City, which each included 604 villas, were completely sold out during the course of the previous year, and a third phase with 324 villas was also introduced. Phase 1 of the handover is complete; phases 2 and 3 should follow in 2023 and 2024, respectively. Following an overwhelming response to the city’s transition to a sustainable way of life, the first...