More than 6,700 millionaires relocated to Dubai in 2024 alone, and projections indicate an annual influx of 6,500 UHNWIs through 2026. Amid the ongoing growth in the Dubai real estate market, a new collection of ultra-luxury Nordic-style villas is set to launch in the Al Wasl district. The AED 1 billion development was announced by fäm Real Estate Development and is set to attract...
A penthouse at The Royal Atlantis Resort and Residences on Palm Jumeirah has been rented out for Dh4.4 million — becoming the one of the 'biggest single-unit rental deals' in Dubai. It is believed to be the 'most expensive' apartment lease in the city's history, a real estate agency claimed. The 10,000sqft four-bedroom penthouse includes a living and dining area, a library, and an exercise room —...
Nearly one in every five homes in Dubai is worth more than $1 million, according to an analysis carried out by global real estate Knight Frank. By tracking the value of each home’s price progress over time, Knight Frank identified “accidental millionaires”, i.e., owners who bought properties for less than $1 million that are now worth more purely due to price inflation. Only homes that have not...
Property buyers in Dubai are no longer required to make a minimum down payment of Dh1 million to be eligible for the Golden Visa, as the government has eased the criteria for real estate investors. If the property's value exceeds Dh2 million, owners opting for a payment plan or mortgage can apply for the long-term visa, Khaleej Times can reveal. The owner can apply for the 10-year residency regardless...
We’re getting another tower in Dubai. This time, courtesy of Donald Trump (sort of). Scheduled for a 2025 launch, this development will mark the second Trump-branded project in the UAE after the Trump Estates at DAMAC Hills. The new venture will feature a Trump Hotel along with branded residential units. This isn’t the first time a Trump tower was announced in Dubai. Back in 2005, a Palm...
Sobha Realty has announced a new real estate project on Al Siniya Island, Umm Al Quwain, in partnership with Umm Al Quwain Properties. The project aims to transform the historical pearl town into a sustainable luxury waterfront community. The agreement was signed in the presence of Sheikh Rashid bin Saud bin Rashid Al Mualla, Crown Prince of Umm Al Quwain. Ravi Menon, Co-chairman of Sobha Group,...
The most sought-after areas in Ras Al Khaimah currently include Al Marjan Island, Mina Al Arab, and Al Hamra Village. Projects featuring private beaches in these locations are experiencing the highest demand. High Demand for Studios and 1-Bedroom Units in Ras Al Khaimah Data from MPP indicates a strong demand for studios and one-bedroom units in Ras Al Khaimah, driven by investors seeking holiday...
UAE Tops Wealth Magnet List for Third Year, Set to Attract 6,700 Millionaires by 2024 End For the third consecutive year, the UAE is poised to secure its position as the world's leading wealth magnet, with 6,700 wealthy migrants expected to settle in the country by the end of 2024. According to Henley and Partners’ annual Private Wealth Migration Report 2024, the UAE's millionaire population will see...
URB has unveiled ambitious plans for the Dubai Green Spine project, set to transform Sheikh Mohammed Bin Zayed Road (E311) into a 64-kilometer-long sustainable corridor. This initiative, developed by URB's EPIC Lab, aligns with the Dubai 2040 Urban Master Plan and aims to revolutionize urban mobility, elevate environmental standards, and accommodate Dubai’s growing population. Key Features of the...
Ras Al Khaimah, a vibrant emirate in the UAE, has unveiled an enticing opportunity for aspiring residents and entrepreneurs. For just AED16,500 per year, individuals can secure a permanent residency visa that provides them with a coveted UAE residence and opens doors to various benefits and services. This comprehensive guide will delve into the details of this groundbreaking visa program, its advantages,...