The Dubai Land Department (DLD) has released the first edition of the city's official Residential Rental Performance Index (RRPI). According to Ejari Registrations, the top areas for rental contract registration in January 2022 were Jebel Ali First with 1,811 registrations, followed by Naif with 1,760. In 2021, Al Karama (1,754), Al Warsan First (1,601), and Al Suq Al Kabeer (1,457) were also among the...
Loyal visitors to Expo 2020 have been awarded a prestigious new honour - the white passport. In a ceremony presided over by Reem Al Hashimy, UAE Minister of State for International Cooperation and Director of Expo 2020 Dubai, fifty loyal visitors were presented with a ceremonial award. They also received an Expo 2020 bag, pin, wrist band, key chain, and guide in addition to their new passports. The...
Mauritius is eager to form strategic alliances and partnerships with the UAE investor community in order to expand into African markets, according to the Indian Ocean nation's senior minister. Soodesh Callichurn, Minister of Commerce and Consumer Protection, who is leading a Mauritian delegation to the UAE, stated that the island nation is better positioned to serve as a gateway to the African...
According to recruitment firm Robert Walters, job market activity will peak at the end of this month, as the UAE's 'Great Resignation' is still to come. According to a survey of 3,000 white-collar workers, nearly three-quarters of professionals (72 percent) expect a pay increase at the start of this year. However, according to a Robert Walters poll of 500 UAE-based companies, less than a third (28%) of...
Rents and property prices in Dubai increased by more than 10% in January; Downtown Dubai, Palm Jumeirah, and Al Barari remain the most sought-after areas. According to the most recent data, Dubai's property market maintained its strong upward momentum in January, with residential prices and rents rising at the fastest rate since early 2015. Last month, the residential market saw a year-on-year...
Dubai today added a new jewel to its crown - the Museum of the Future and opened it for the world on 22.02.2022. From Wednesday, visitors can immerse themselves in the near and far future at Dubai's latest landmark— the Museum of the Future, a senior official said. Khalfan Belhoul, CEO of Dubai Future Foundation, noted on the sidelines of the grand opening ceremony, which saw the iconic Museum...
According to an official handout, Lahore will get its tallest building on the banks of the River Ravi after the Dhabi Group of the UAE signed an agreement with the Punjab Government to invest Rs60 billion in the Pakistani province. Punjab Chief Minister Sardar Usman Buzdar, who is on a three-day visit to Dubai, and UAE Minister for Tolerance and Coexistence Sheikh Nahyan bin Mubarak witnessed the...
Is it legal to use rent-to-own schemes when purchasing apartments in Dubai? Could you please explain the laws governing the purchase of real estate apartments? For example, what if I pay half the amount and am unable to pay the remainder after signing a contract? Do I have to pay back the money I paid? Response: Pursuant to your queries, the provisions of Law No. 19 of 2017 Amending Law No.13 of 2008...
Emaar Properties on Monday announced a significant increase in property sales of 209 per cent reaching to Dh33.762 billion ($9.192 billion) compared to 2020 sales of Dh10.902 billion ($2.968 billion), demonstrating continued investor confidence in the Emaar brand. This is the highest ever property sales recorded by Emaar since its incorporation in 1997. "Emaar's 2021 revenue stood at Dh28.270 billion...
According to Asteco, the UAE will see a supply of 38,500 apartments and 3,800 villas, which is almost identical to previous years. This year, Dubai will account for a sizable portion of it, with 30,000 flats and 3,500 villas. Some of this, like the previous year, is expected to be postponed or will eventually spill over into next year. Around 2,000 residential units are expected to be handed over in...
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