According to a recent report, the Dubai real estate market saw a surge in sales transactions in February 2023, driven by high demand from foreign investors and end-users. Property Finder data revealed that property transactions climbed to 9,020 last month, generating sales revenue of over Dh26.7 billion – a 65% increase compared to February 2022. …
Investor Demand Boosts Dubai Real Estate Deals by 43% Read More »
AECB and Nova Credit collaborate to offer Credit Passport for new UAE residents to use their home country’s credit history when applying for financial services. The service is currently available for customers with financial history in India, the Philippines, and the United Kingdom. Credit Passport enables lenders to assess creditworthiness and issue credit products based …
UAE’s Credit Passport: Benefits for Indian Expats in Dubai Read More »
If you are planning to invest in an off-plan property in Dubai, it is important to know your rights in case the developer fails to deliver the property. According to Article 3(1) of the Dubai Interim Real Property Register Regulations, any off-plan property sold by a developer needs to be registered in the Interim Real …
Dubai-based developer DAMAC Properties has announced the upcoming launch of its luxury Canal Heights tower, featuring a variety of unique amenities such as an underwater pearl museum, yoga domes, and interiors designed by Swiss jeweller de GRISOGONO. The 44-story tower, located in Dubai’s Business Bay, will offer luxury waterfront living and include private dining venues, …
DAMAC Unveils 44-Storey Canal Heights Tower with Unique Amenities Read More »
Dubai remains at the top of Knight Frank’s PIRI 100, as prime residential prices increased by 44.2% in 2022, according to The Wealth Report 2023. Out of the 100 markets tracked, 85 recorded positive or flat growth in 2022, with the Americas taking the top-performing region spot at 7%. Mumbai’s prime property market rose by …
Despite the global pandemic, Dubai’s property market has shown remarkable resilience and growth, outpacing other real estate destinations. The market’s upward trend is expected to continue in 2023, thanks to strong sales figures in 2022 and the continued interest of high-net-worth individuals and foreign investors. According to Knight Frank’s report, Dubai’s prime sector is expected …
Dubai property market set for a record-breaking 2023 Read More »
The Executive Council of the Emirate of Sharjah, chaired by Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, has issued a decision to regulate traffic violations. The new mechanism offers a discount of 35% for offenders who pay within 60 days of committing the violation, which includes financial fines, vehicle reservation allowances, and all delay …
Sharjah offers traffic fine discount for early payment Read More »
According to a new HSBC survey, the UAE is the top choice for expats when it comes to finding a better lifestyle. The survey, which interviewed over 7,000 expats around the world, revealed that 36% of respondents chose the UAE as their destination for the improved quality of life it offers. The country was also …
The Identity, Citizenship, Customs & Port Security authority in the UAE (ICP) has introduced a new Emirates ID registration form. The new form has been redesigned in line with the ICP’s visual identity to make the application process smoother and more streamlined. The applicant’s personal photo will now be placed on the top left of …
UAE Introduces Changes to Emirates ID Registration Form Read More »
Although you may not have grown any richer, your birthday can still be celebrated for free in various places throughout Dubai. From indulging in birthday cake to enjoying complimentary access to renowned water parks, there are a plethora of options available that won’t break the bank. So, if you’re on the hunt for cost-effective ways …
Dubai Birthday Guide: 5 Free Ways to Mark Your Special Occasion Read More »