The UAE has unveiled a world-first consular package for its Golden Visa holders abroad, promising faster support in emergencies, including issuing return documents in 30 minutes, a dedicated 24/7 hotline and repatriation services, officials said today. The announcement was made in the presence of Omar Obaid Al Hassan Al Shamsi, Assistant Minister of Foreign Affairs, Major General Suhail Saeed Al...
Dubai: Dubai’s population is on the brink of crossing the four-million mark, according to new data from the Dubai Statistics Centre. The population stood at 3,999,247 as of August 25, an increase of 3.5 per cent, or more than 134,000 people, since the start of the year. That pace translates into a daily rise of roughly 567 new residents, pushing Dubai to record levels. Just a year ago, the...
Dubai Land Department has signed an agreement with Crypto.com to develop procedures that support digital real estate transactions, enabling investors to buy and sell property using digital currencies. The collaboration, which seeks to create a digital ecosystem that enables investor verification, custody, settlement and real estate tokenisation, supports the Dubai Real Estate Strategy 2033 and its Dh1...
Dubai: The Dubai Land Department has signed a partnership with Crypto.com to develop a blockchain-powered investment environment for virtual real estate — a move that could reshape how people buy, sell, and invest in property. The agreement, signed on July 6, 2025, supports Dubai’s Real Estate Strategy 2033 and its Dh1 trillion transaction target by aiming to create a secure, fully digital system...
Dubai: Wealthy Saudi nationals and Indians are among the biggest investors in Dubai’s luxury property market, with the city still shining bright as a destination for individuals with personal wealth of $20 million and more. This is the buyer base that’s been behind the sustained rise in demand for super-luxury homes in Dubai – and this seems like a trend that’s going to run for quite a bit...
Dubai’s new smart rental index is giving tenants a powerful tool to negotiate fair rent increases with their landlords, ensuring that adjustments align with newly established guidelines. The Dubai Land Department (DLD) recently introduced this index to create a fairer rental landscape, linking property ratings to rental valuations. The index categorises residential buildings from one...
A view of Business Bay in Dubai. Business Bay led the way in overall sales value, with 6,888 transactions worth Dh21.1 billion. — Supplied photo A record-breaking year for Dubai’s real estate market, with new milestones being set throughout 2024, culminated in an all-time peak of 180,900 transactions worth Dh522.1 billion. A market report issued today by fäm Properties underlines how 2024...
CEO of Damac Properties Hussain Sajwani makes remarks next to US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, US January 7, 2025. Photo: Reuters UAE billionaire Hussain Sajwani to invest $20 billion in the booming US data centre sector in the coming years, he and US President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach, Florida. Sajwani, one of the...
Contracts for Phase Two of the Al Mamzar Beach Development Project, which will be built on a 125,000-square-meter plot of land in the city, have been given by the Dubai Municipality. Phase One construction started in June of last year and is currently 45% finished. Over the course of both phases, the project is expected to cost approximately AED 400 million ($109 million). Regarding Phase One...
Dubai: Dubai is introducing a new 'building classification' system along with its digital rental index. Only based on the 'star rating' associated with the building, landlords can set rates - and most important, how much they can raise it by for renewal. If the tenant is in an older building with a lower rating, then, he or she will not be paying rents at the same level for better kept properties in...