The Benefits and Opportunities of Embracing Proptech in Dubai’s Real Estate Industry Dubai’s real estate sector is set to experience a significant transformation with the anticipated $86.5 billion Proptech boom. The rapid growth of Proptech is revolutionizing the real estate industry and offering numerous benefits to buyers, sellers, agents, and investors. This article will explore the benefits and...
With a stable economy, government support, and a thriving property market, Dubai is considered one of the top destinations for real estate investment. "Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world." - Franklin D. Roosevelt Dubai is known for its...
Introducing you to the Top Real Estate Apps in Dubai Are you looking to buy, sell, or rent property in Dubai but don't know where to start? Fret not! With the rise of real estate apps, the property search process has never been easier. Property Finder Property Finder is one of the most popular real estate apps in Dubai. It offers a comprehensive list of properties for sale and rent across the...
Following the new Budget, India Faces a 20% Tax On Investments A proposal to increase Tax Collection at Source (TCS) on international remittances to 20% was added to the Financial Budget. The current value is 5% for amounts exceeding a stated limit. Indians are some of the most prominent foreign investors in Dubai's real estate and India is now facing a 20% tax on investments. The higher tax...
Discover how the UAE Golden Visa and other visa programmes helped boost the economy of the country. The very sought-after UAE Golden Visa strives to draw more visitors, investors, and skilled workers in order to grow its economy. When it comes to its visa programme, the UAE has a long history that dates back to the 1970s, when the nation was founded. The UAE has created a visa system throughout...
Due to the rise in interest rates, demand for residential properties in Dubai could moderately increase. The rise in interest rate in Dubai is anticipated to reach 4.90% by the end of 2023, this could affect customers' ability to make purchases. The ongoing rise in interest rates is unlikely to have an impact on Dubai real estate, but it could hinder this year's expansion of the industry, according...
The return of Chinese investors at the top of Dubai's real estate market Following their fall from prominence during the pandemic, Chinese Investors appear to recover their place atop Dubai's list of real estate buyers this year. From February, tour groups from China will resume, and a trial list of 20 countries will include the UAE. The UAE, Sri Lanka, the Philippines, Singapore, Egypt, South...
Dubai's real estate market witnesses a surge in female property buyers The number of Female Property Buyers investing in real estate in Dubai increased dramatically in 2022, with 26,698 female investors recording 33,419 transactions totalling more than AED 58.8bn (16bn) during the previous year. It reflects an increase in volume and value of 53% and 50.7%, respectively, from 2021. In 2022, there...
Business Bay topped Dubai's Real Estate Industry sales charts in 2022. Dubai's Real Estate Industry saw 10,300 Business Bay transactions valued at AED 17.6 billion at an average price of AED 1.2 million. The premier area is also anticipated to maintain its dominance in Dubai's Real Estate Industry in 2023. Dubai Marina, JVC and Downtown Dubai are other areas that are anticipated to perform well...
Dubai issued nearly 80,000 UAE Golden Visas to skilled workers, business owners, and investors, an increase of 69% from 2021. The number of UAE Golden Visas awarded by Dubai's General Directorate of Residency and Foreigners Affairs (GDRFA) increased by 32,467 in 2022 compared to 2021, bringing the total to 79,617 in 2022 from 47,150 in 2021. 2019 saw the launch of the Golden Visa programme; more...
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