Good News for Dubai Holiday Home Owners
Dubai announced plans to host a tourism summit at the Skift Global Forum East in the Middle East and North Africa region. The Dubai Tourism Summit will be a platform for industry stakeholders to discuss ways to create a more sustainable, inclusive, and resilient future for global tourism through the sharing of ideas, strategies, and […]
Dubai Real Estate Market Booms with $2.6 Billion in Transactions week ending Dec 2022
The Dubai Land Department has reported that the city saw a total of 2,790 real estate transactions worth $2.6bn during the week ending December 30, 2022. Top Three TransactionsThe top three transactions were land in Marsa Dubai sold for $63m, followed by land sold for $48m in Jebel Ali Industrial Area 1, and land sold […]
Success Case Study – Long Read
Handing Over A Unit In A Hotel Establishment By Signing A Clearance Letter Doesn’t Discharge The Developer’s Liability To Obtain Hotel Licenses.
A client in Dubai purchased an off-plan “Hotel Apartment” unit but later found out the building was changed to residential and the unit wouldn’t be rented as a hotel apartment. Represented by AWS Advocates, the client filed a case claiming voidness and termination of the Sales and Purchase Agreement but the court rejected it. However, […]
Dubai Real Estate Market Booms with $2.6 Billion in Transactions week ending Dec 2022
The Dubai Land Department has reported that the city saw a total of 2,790 real estate transactions worth $2.6bn during the week ending December 30, 2022. Top Three TransactionsThe top three transactions were land in Marsa Dubai sold for $63m, followed by land sold for $48m in Jebel Ali Industrial Area 1, and land sold […]
Tenancies Market in Dubai Seeing Growth
According to recent reports, the tenancies market in Dubai has seen a significant increase in activity in October. A total of 53,756 registered leases were signed, with 59.56% being new contracts and 40.44% being renewals. The vast majority of these contracts, 89.30%, were annual contracts, while the remaining 10.70% were non-annual. The majority of these […]
Good News for Dubai Holiday Home Owners
Dubai announced plans to host a tourism summit at the Skift Global Forum East in the Middle East and North Africa region. The Dubai Tourism Summit will be a platform for industry stakeholders to discuss ways to create a more sustainable, inclusive, and resilient future for global tourism through the sharing of ideas, strategies, and […]
Real Estate Market Report October 20222 – Land Department Strong Growth continues with 5.9% Increase in October 2022
In October 2022, the real estate market in Dubai saw 53,756 registered leases, with 59.56% being new contracts and 40.44% being renewed. Of these leases, 70.35% were for residential purposes and 28.46% were for commercial purposes. This marks a 5.9% increase from September 2022, with the majority of this growth coming from annual contracts, which […]
Dubai’s Real Estate Sector Experiences Rapid Growth: Projected Increase of 46% in Coming Year
If you’re looking to invest in real estate, Dubai may be the place to do it. According to research from PropTech company Realiste, the city’s real estate sector is expected to experience significant growth in the coming year, with a projected increase of 46%. Realiste, which was launched in May 2022 as part of its […]
