From February 1, 2025, property buyers in the UAE who take a mortgage will have to pay extra upfront. Banks will no longer cover the Dubai Land Department (DLD) fee and the broker's commission. This change will affect buyers, making off-plan properties a more attractive option.What’s Changing?Before, banks included the 4% DLD fee and 2% broker’s fee in the mortgage, reducing the initial payment for...
Dubai’s real estate sector reached a historic milestone in 2024, recording 2.78 million transactions, including property sales and rental agreements a 17% increase from 2023.In a statement, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, highlighted the sector’s...
The Dubai Land Department (DLD) has announced that private property owners in designated areas of Sheikh Zayed Road and Al Jaddaf can now convert their ownership status to freehold. This initiative aims to enhance Dubai’s real estate market and attract global investment. Key Areas and Eligible Plots A total of 457 plots have been identified for this conversion:Sheikh Zayed Road: 128 plots...
The UAE’s real estate market reach new highs in last year, with transactions worth AED 893 billion across Abu Dhabi, Dubai, Sharjah, and Ajman. A total of 331,300 deals showcased the sector’s strength and its appeal as a global investment destination. Dubai: Leading the Way Dubai led the market with AED 760.7 billion in transactions from 226,000 deals. This included:Property sales: AED 522...
Dubai’s real estate market is set for big growth in 2025, driven by new infrastructure, emerging neighborhoods, and a fresh approach to luxury living. The city is building a future that balances innovation, affordability, and sustainability. Emerging Neighborhoods: The Future Hotspots Areas like Al Furjan, Jumeirah Village Circle (JVC), and Dubai South are...
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