In Dubai, tenants facing unexpected rent increases have several avenues to address the situation. The Real Estate Regulatory Agency (RERA) has established guidelines to regulate rent hikes, ensuring they align with the current market rates. Tenants can utilize RERA's rental index calculator to verify if the proposed increase is justified. If a tenant believes a rent hike is unfair, they are encouraged to...
Emirates NBD Research projects that the UAE's Gross Domestic Product (GDP) will grow by 5% in 2025, the highest among Gulf Cooperation Council countries. This optimistic forecast is attributed to the UAE's expanding workforce, which is expected to bolster economic prosperity. The growth is anticipated to be driven by both oil and non-oil sectors, reflecting the country's diversified economic base and...
Al Ain has been designated as the Gulf Capital of Tourism, a move that coincides with the Gulf Cooperation Council's (GCC) efforts to introduce a unified tourism visa. This initiative aims to showcase the diverse attractions of GCC countries, attract more tourists, and encourage longer stays in the region. The unified visa is expected to enhance the tourism sector by simplifying travel procedures and...
Dubai's ultra-luxury real estate market is experiencing robust growth, driven by strong demand and limited supply. In 2024, sales of villas and apartments priced above AED 15 million reached AED 71 billion for the second consecutive year, marking a 688% increase since 2015. Despite over 326,000 properties under construction, only 16,500 fall into the luxury or ultra-luxury category, with 72% of these in...
A premier office space in Dubai's Burj Khalifa is on the market for $12.2 million, drawing attention from Gulf family offices and international investment funds. The 6,073-square-meter shell and core space offers 360-degree views of the city and remains unoccupied, allowing future owners to customize the interior. This listing coincides with a surge in Dubai's commercial real estate market, which saw 9,038...
The UAE has introduced the 'Blue Residency' visa, a 10-year permit granted to individuals who have made exceptional contributions to environmental protection and sustainability. This initiative aims to attract global talents in fields such as marine life conservation, air quality improvement, and green technology. Eligible individuals include members of international organizations, NGOs, award-winning...
The Roads and Transport Authority (RTA) in Dubai has completed significant upgrades to Kite Beach Street in Jumeirah, expanding it from one lane in each direction to two lanes in the same direction. This development has reduced travel time during peak hours from 15 minutes to just 5 minutes. Additionally, the RTA has introduced extra parking spaces to accommodate visitors, aiming to alleviate congestion...
Dubai's Roads and Transport Authority (RTA) has unveiled plans for the RailBus system, an innovative, solar-powered mass transit solution designed to enhance connectivity in areas like Karama, Al Barsha, and Deira. This autonomous, eco-friendly system aims to integrate seamlessly with the existing metro network, providing efficient first and last-mile connectivity. Each RailBus carriage, constructed using...
Dubai: Whether you're evaluating whether a rent increase for your current apartment is fair or exploring a new area to understand average rental prices, the Rental Index in Abu Dhabi, Dubai, and Sharjah can help simplify the process. Managed and regularly updated by real estate or municipal authorities in each emirate, these indices reflect market trends, allowing tenants to make informed decisions and...
Investors, entrepreneurs, skilled professionals, and business financiers from around the world can now obtain a specialized visit visa to explore business opportunities in the UAE. This visa allows holders to travel to the UAE for either a single or multiple visits, depending on their eligibility and approved requirements. Read...