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Dubai: Rents will continue to rise in 2022, say industry experts
Beachfront villas and apartments are expected to get a lot of attention – both in terms of rentals and prices Rents in Dubai will continue to rise in 2022, with strong demand especially in the high-end and beachfront properties, say industry players. Firas Al Msaddi, CEO of FAM Properties, said newly-handed over projects, particularly beachfront villas and apartments, will get a lot of attention …
Minimum investment for 3-year visa cut to Dh750,000 in Dubai
The visa offer is applicable to freehold residential properties only and it is not possible to apply for this visa with an off-plan property. The visa facility, available through DLD’s Taskeen Programme, allows an individual who owns a property valued at Dh750,000 or more at the time of purchase to apply for a three-year renewable residency visa with a provision for sponsoring the spouse. …
Dh9.4b of weeklong real estate transactions recorded in Dubai
A total of 1,667 real estate and properties transactions were valued at Dh9.4 billion in total during the week ending September 2, 2021, according to Dubai Land Department (DLD). The DLD weekly report said 146 plots were sold for Dh2.26 billion, 1,080 apartments and villas were sold for Dh2.25 billion. The top three transactions were a land in Marsa Dubai sold for Dh658.5 million, …