QUBE Development has entered into a strategic partnership with the Dubai Land Department (DLD) to empower Emirati real estate brokers, reinforcing their role in Dubai’s dynamic real estate sector. As part of this initiative, QUBE Development is allocating a significant portion of its property inventory to be marketed exclusively by Emirati brokers, underscoring the company's commitment to fostering local...
The United Arab Emirates (UAE) has reinforced its status as a premier global investment hub, attracting substantial foreign direct investment (FDI) inflows that have significantly bolstered its cumulative balance. In 2024, the nation issued 200,000 new economic licenses across various sectors, bringing the total number of operating companies and economic institutions to over 1.1 million. According to the...
Dubai’s Golden Visa program has significantly strengthened foreign investor confidence in the real estate market by providing long-term residency to property buyers. The initiative, which offers a 10-year renewable visa for investors purchasing property worth AED 2 million or more, has encouraged expatriates to settle in Dubai for extended periods. This has resulted in increased demand for residential...
Dubai is set to host "PropTech Connect 2026," the world's largest real estate technology conference and exhibition. Organized by the Dubai Land Department, this event will convene global industry leaders, investors, and proptech companies to explore advancements in digital solutions, artificial intelligence, blockchain, and data analytics shaping the future of real estate. The conference aims to accelerate...
Dubai has introduced a new six-month multiple-entry visa specifically designed for yacht crew members. This initiative aims to streamline the process for maritime professionals entering and exiting the emirate, enhancing Dubai's appeal as a premier yachting destination. Interested individuals can obtain more information and apply for the visa by visiting the General Directorate of Residency and Foreigners...
Dubai’s top property developers have dismissed concerns of a market slowdown in 2025, citing strong foreign investment, rising population, and ongoing infrastructure projects. With Dubai’s population surpassing 3.8 million and rental prices continuing to rise, developers remain optimistic about sustained demand. Major firms like Emaar have also reported strong financial performance, reinforcing...
Dubai's Roads and Transport Authority (RTA) is set to implement an advanced traffic signal system designed to alleviate congestion at key intersections across the city. This initiative aims to enhance traffic flow and reduce waiting times for motorists. The new system will utilize real-time data to adjust signal timings dynamically, responding to current traffic conditions. By prioritizing heavily...
Dubai’s Roads and Transport Authority (RTA) has announced the completion of major road expansion and bridge construction on Al Qudra Road, significantly improving connectivity and reducing travel times. The project replaces existing roundabouts with signalized intersections, easing congestion and cutting travel time at key junctions to under three minutes. The infrastructure upgrade includes wider...
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...