UAE Cabinet Takes Action on Recent Severe Weather and Reviews Tourism Strategy The UAE Cabinet convened on Wednesday under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum. The meeting addressed key issues including: Support for Citizens Affected by Weather: A significant AED 2 billion package was approved to address damage to citizens' homes caused by recent severe weather...
120 projects launched in first quarter of 2024 in Dubai, housing 34,000 units Dubai's real estate market has seen a surge in activity in the first quarter of 2024, with both local and international developers launching new projects at a rapid pace. According to Cavendish Maxwell's Property Monitor, preliminary data indicates nearly 30 new off-plan projects were introduced in March alone, adding a...
EMAAR announces plan to repair Dubai rain damage to homes in its communities EMAAR Properties have announced that it will cover all costs for repairs of homes within its communities in Dubai that were affected by the recent severe weather conditions. The developer said that its dedicated teams are already assessing and repairing damages, working in close coordination with local authorities to...
A meeting of the Dubai Executive Council, chaired by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, resulted in the approval of several key projects aligned with the Dubai Economic Agenda D33 (D33). The emphasis on forward-thinking planning, a cornerstone of Dubai's leadership's strategy, was reiterated by Sheikh Hamdan. This approach, he explained, has been...
Dubai’s population continued to increase in the first quarter of 2024 as more and more foreign workers and investors flocked to the emirate. The emirate’s population grew faster in the first quarter of 2024 as compared to the same period last year. The Dubai Statistics Centre’s data showed the population of the region’s trade, finance and tourism hub grew by 25,776 during the January-March 2024...
In the spirit of giving that permeates the holy month of Ramadan, Seven Luxury, a leading real estate Brokerage in Dubai, has embarked on a commendable charitable initiative. This initiative involves the distribution of Iftar meals and gifts to construction workers across various project sites. View this post on Instagram A post shared by Seven Luxury Real Estate 📍Dubai...
Dubai's residential rental market has witnessed a sustained increase over the past three years. While the pace has slowed down recently, rents are expected to climb further. This aligns with the overall market trend and is partly driven by a limited supply of new housing units. The recent revisions to the RERA Rental Index have significantly impacted rent renewals. Previously, these renewals often...
German footballer Karim Bellarabi has recently joined the ranks of residents at the prestigious Mercedes-Benz Places by Binghatti development in Dubai. This move further solidifies the project's reputation for unparalleled luxury living. Mercedes-Benz Places by Binghatti is a highly sought-after development known for its integration of the iconic car brand's design elements with modern amenities and...
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts The UAE is witnessing a reverse migration trend: More former residents, who relocated to Canada and the US for greener pastures, are returning to the country, industry experts said. Property developers in Dubai have seen increased investments from such new...
