Business Development

Dubai: Reef Luxury Developments, a pioneering real estate developer based in Dubai, has officially launched, setting its sights on transforming the emirate’s residential landscape through innovative concepts and community-focused projects.All apartments in Reef properties will feature temperature-controlled sunken balconies—an innovation patented by the developer—enabling residents to enjoy...

Generally, commission accounts for 2 per cent of the sale value and 5 per cent of the annual rental, excluding 5 per cent value-added tax.Dubai brokers are charging an increased minimum commission from tenants for affordable properties under Dh100,000 annual rent as demand for rentals continues to grow at an exponential pace.Generally, commission accounts for 2 per cent of the sale value and 5 per cent of...

Are you looking to rent property for over a couple of decades? Or do you want to buy a house to settle in for the rest of your life in the UAE? According to Law No. 19 of 2005, expatriates can own property in the form of floors and apartments. After a 2019 amendment to the real estate law, foreigners can also own land and real-estate property in investment areas on a freehold basis.Foreign residents can...

The co-founder and CEO of Ellington Properties shares insights on changing consumer preferences, opportunities for the market and the developer’s upcoming plansIn an interview with Gulf Business, Elie Naaman, co-founder and CEO of Ellington Properties, shares insights into the evolving landscape of Dubai’s real estate market. He discusses the company’s strategic initiatives, consumer preferences,...

Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence unveils long-term vision to spur growth in the emirateDubai on Tuesday unveiled an ambitious master plan to transform education, real estate and transport and preserve its rich heritage over the next decade.The major strategy was announced by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of...

BinGhatti believes factors like Dubai’s growing population, tenant demand, and yields still outpacing other major international financial centres will insulate the luxury market even in a potential downturnBinGhatti believes the rise of Dubai’s property market mirrors the global rise of the emirate, with the sector playing a crucial role in the city’s economic landscapeDriving around Dubai, there are...

Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance.  This week, we look at Dubai’s position as a financial center, US-UAE talks on artificial intelligence and examine why many expats are considering a move to...

Emaar South offers diverse residential options and amenities near Al Maktoum International Airport and Expo City Dubai, aligning with Sheikh Mohammed bin Rashid Al Maktoum’s vision for the city’s future growthEmaar South is strategically positioned near Al Maktoum International Airport and Expo City Dubai, placing it at the heart of Dubai's future growth corridor. Image: SuppliedEmaar Properties, one...

One of world’s best-known brokers, and ‘Owning Manhattan’ star, to share property secrets with agentsDubai, UAE: Real estate mogul and reality TV star, Ryan Serhant, is taking to the stage in Dubai to help guide brokers on how to succeed in the emirate’s ever-evolving property market. Serhant, who’s reality show ‘Owning Manhattan’ premiered on Netflix in June, will reveal secrets behind...

Amid the dynamic and competitive landscape of Dubai's real estate market, Charazed Ramzan is emerging as a groundbreaking leader.As the CEO and Founder of Aranax Real Estate, she has turned her visionary ideas into a thriving enterprise, showcasing resilience and tenacity in an industry historically led by men.A Fearless StartAt just 20 years old, Charazed launched Aranax Real Estate, embarking on an...