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Dubai's property market is on fire, with record-high demand for real estate in the city during the first two months of 2023.
Thu, 01/26/2023 - 08:55|World
Dubai’s 2023 real estate market is adjusting: ValuStrat Report

Dubai’s 2023 real estate market is adjusting: 7-10% price growth According to a survey by ValuStrat, the prices of villas and apartments in Dubai have been trending upwards since the end of 2022, and they are still expected to rise by between 7 and 10 percent citywide this year due to high demand for luxury homes. In the last four months of 2022, the monthly increase in the ValuStrat Price Index (VPI), which measures the performance of the market for residential properties across the emirate, fell to less than 1%

Wed, 01/25/2023 - 07:34|World
In 2023, Dubai real estate price growth could decelerate even more

According to one of the largest real estate consultants in the city, residential property prices in Dubai are predicted to expand more slowly in 2023 following a record year that witnessed a more than 60% increase in the total number of units sold. According to Reuters, prices are expected to increase by approximately 5% this year after rising 11% in 2022, which was a deceleration from a 21% spike in 2021. The underlying demand has not been diminished by (higher) interest rates. However, they are undoubtedly affecting people's willingness and

Tue, 01/24/2023 - 08:17|World
What 2023 holds for Abu Dhabi's property market

Many unique factors will influence Abu Dhabi's real estate market in 2023, each of which will push prices in a distinct direction. First, the further increase in interest rates expected in 2023 will undoubtedly dampen demand for home financing. The potential buyer pool will shrink as borrowing buyers rise, forcing them to reevaluate their purchasing decisions. Due to the lack of buyers, the market price will fall. The Abu Dhabi economy, which has been driven by government spending for the majority of its history, is a second consideration. Since the

Tue, 01/24/2023 - 07:57|World
Neom: a planned smart city in northwestern Saudi Arabia

It appears that Dubai has no plans to make its property registry public. Some say officials have no need to improve control or openness because doing so would reduce corporate interest at a time when Saudi Arabia is actively trying to displace the Emirate. When it comes to real estate, it appears that Dubai is ignoring Saudi Arabia's attempts to unseat it as the region's economic and expat center. Even though Saudi Arabia has mandated that companies with government contracts in the nation (many of which have regional headquarters in

Mon, 01/23/2023 - 10:26|World
what to do in Dubai Marina once you've purchased a property

Some people are not permitted to conduct business in Dubai Marina. Even the typical offshore countries increasingly put relatively strict requirements on businesses, such as the need to do legitimate business in the country of registration, compliance with the "substance" criteria, and opening an account with a local bank. You don't need to put down tens of thousands of dollars in government bonds or property to live in the neighbourhood or the rest of the UAE. Renting a combined workspace rather than an actual office is acceptable in order to

Sun, 01/22/2023 - 11:01|World
Forecasting the UK housing market for the year 2023

Reforming Real Estate Investment Trusts Starting in April, a REIT only needs to own a single commercial property with a value of at least £20 million to qualify as a real estate investment trust (REIT). Alterations to the "development rule" are also on the horizon (though the nature of these alterations is unclear at this time). To help achieve the government's goal of making the United Kingdom the "world's premier financial center for sustainable finance," an updated Green Finance Strategy will be released in the first quarter of 2023 as

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