The International Financial Centre in Dubai has promulgated crucial changes to its legal procedure, particularly the alterations made in regard to its mortgage registration process and the period of registration of off-plan property sales. These new regulations for new mortgage fee were issued on November 14, 2024, but came into force on November 21, 2024.One new requirement involves a new mortgage...

Majority of branded residences entering the Ras Al Khaimah market are affiliated with hotel brands, which is the most prevalent model Non-hotel brands such as Tonino Lamborghini, Elie Saab, Yoo and Aston Martin have also shared plans for branded residential projects in Ras Al KhaimahRas Al Khaimah has experienced substantial development in the real estate sector in the past decade across the clusters of...

MAG Group Holding, a multinational conglomerate with a diversified portfolio across a number of sectors, has announced that the real estate subsidiaries have a pipeline of under development and future projects now worth AED 43.7 billion. The group has witnessed a notable milestone in its business, demonstrating how it is a firm and continuous force to be reckoned with in the UAE’s real estate sector.High...

Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this weekThe UAE is attracting millionaires from around the world as it strengthens its reputation as a hub for the super-rich. From an influx of entrepreneurs from the UK to Brazilian footballer Neymar investing in Dubai property, the trend...

Fashion entrepreneur looks to expand Dubai real estate business with launch of Kamani LivingThe CEO of fashion giant PrettyLittleThings Umar Kamani has launched a Dubai real estate business as he looks to expand in the region.The fashion company founder has previously had successes developing and selling properties in Dubai, after selling property valued at around $34m, according to the Daily Mail.Now he...

Dubai's International Financial Court (DIFC) made amendments to its Application Law, also know as the Application of Civil and Commercial Laws in DIFC.The financial centre also announced that it would be making certain amendments to the DIFC Real Property Law and Real Property Regulations. These include a new mortgage registration fee of 0.25 per cent of the value of mortgage being registered by a...

Dubai’s residential real estate market has once again shattered records, with total sales crossing Dh50 billion for the first time,data showed on Thursday.According to Engel & Völkers Middle East latest report, sales transactions surged to 19,605 — an 80 per cent increase year on year. Sales were driven primarily by the booming off-plan segment, which soared by 117 per cent year on year amid...

Nestled in the heart of Dubailand, Damac Islands offers a unique opportunity to live in a tropical-inspired haven that combines luxury living with the natural paradise of island lifeDamac Properties, UAE’s leading property developer has announced the launch of its third and largest master community - Damac Islands - unveiled this year and the sixth in its portfolio of master development projects.Nestled...

Dubai is home to a burgeoning and quickly growing economy, and in recent years, the city’s real estate market has become a symbol of ambition, innovation and growth not only in Dubai but in the region more generally.Known for its stunning skyline, luxury developments and world-class infrastructure, Dubai has positioned itself as a global hub for property investment and development. As one of the most...

Dubai’s Al Jaddaf district offers investors attractive entry points with square foot prices down 30%, as area prepares for major transformation by 2030, experts sayAl Jaddaf is set to transform into the 'URB' Urban Technology District by 2030, with plans to create 4,000 jobs. Image: ShutterstockProperty values in Dubai’s Al Jaddaf present an attractive entry point for investors, with square foot prices...