Any purchase or sale of freehold real estate properties that includes one of the three payment methods must now be reported to the UAE Financial Intelligence Unit (FIU) by all …
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Dubai
DubaiMarket Report
The UAE’s real estate ranks among top worldwide improvers.
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According to JLL’s most recent Worldwide Real Estate Transparency Index, the real estate markets of Dubai and Abu Dhabi will be the top global improvers in 2022. (GRETI). For the …
DubaiLegal
Sheikh Mohammed introduces incentives for real estate investment funds.
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, issued Decree No. (22) of 2022, which established …
DubaiMarket Report
Dubai real estate transactions top $3 billion in a week.
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Apartments and villas worth a combined $81 million have been traded. According to data from the Dubai Land Department (DLD), investors in Dubai bought properties worth close to $3 billion …
DubaiInvestment OpportunityLegal
Dubai reveals “Musataha” law to encourage real estate investment
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Dubai has enacted a new law to encourage public-private partnerships for real estate investment. According to Emirates News Agency, Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of …
DubaiMarket ReportProperty
Dubai’s real estate market is being boosted by wealthy Russians
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Russian investors have boosted UAE real estate. Dubai real estate sales grew 45% in April and 51% in May. According to the luxury real estate company Mira Estate in Dubai, …