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Real Estate Insights
CategoriesReal Estate Insights

Real Estate Insights: Dubai’s Evolving Property Landscape in 2023

Real Estate Insights: Dubai’s Evolving Property Landscape in 2023

Introduction:​

Dubai has long been a major player in the global real estate market due to its stunning skyline, opulent developments, and vibrant lifestyle. As we step into 2023, the Dubai housing market keeps on dazzling financial backers and fans the same with its exceptional mix of advancement, richness, and aggressive tasks. In this blog, we’ll investigate the critical patterns and advancements molding the Dubai land scene in 2023.

1. Sustainable Urban Planning

The real estate industry is being influenced by Dubai’s commitment to sustainability. In 2023, the city is pushing forward with its eco-accommodating drives, consolidating green spaces, energy-productive plans, and feasible materials in new turns of events. The Sustainable City project is a great example of a holistic approach to eco-conscious living that includes solar panels, organic farms, and charging stations for electric vehicles.

2. Tech-Infused Living

Dubai’s standing for development is reflected in its land contributions. The Internet of Things (IoT) and smart home technologies are increasingly being incorporated into residential and commercial properties. Convenience and connectivity are at the heart of the Dubai living experience, as homeowners can control appliances, security, and lighting with a single tap.

3. Luxury Redefined

Extravagance land in Dubai has taken on new aspects. While lavish penthouses and very good quality improvements stay pursued, there’s a developing accentuation on novel encounters. Properties with private sea shores, dazzling ocean perspectives, and restrictive conveniences are drawing the consideration of princely purchasers searching for a way of life that goes past rich insides.

4. Rise of Secondary Markets

In 2023, the secondary property market in Dubai has grown in prominence, providing investors with numerous opportunities. Previously overlooked areas are being revitalized with an emphasis on value and affordability, attracting residents as well as investors. The city’s goal is to cater to a wider range of income levels and lifestyles with this change.

5. Catering to Remote Work

As remote work turns into a drawn out reality for the majority, Dubai’s housing market is adjusting. Properties with devoted work space spaces, collaborating offices, and high velocity web are popular. Besides, the city’s alluring way of life and conveniences keep on making it a magnet for computerized wanderers looking for an ideal work-play balance.

6. Expo 2020 Influence

The eagerly awaited Exhibition 2020, presently occurring in 2023, has infused new energy into the housing market. The occasion has prodded foundation projects, interest in cordiality properties, and expanded interest for transient rentals. As the Exhibition draws in guests and worldwide consideration, its effect on the land area is obvious.

Conclusion

Dubai’s real estate landscape in 2023 offers a glimpse into a future where sustainability, innovation, and luxury converge. As the city strives to create a holistic living experience for its residents and attract global investors, it’s evident that Dubai remains a hub of ambition and creativity. From tech-infused homes to eco-friendly communities, the Dubai real estate market is embracing the trends that define modern living while retaining its unique charm and allure. As the year unfolds, the world watches to see how this dynamic market continues to shape the city’s future.

 
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Dubai's Short Term Rental Market
CategoriesDubai Short Term Rental

Dubai’s Short-Term Rental Market: Airbnb and Beyond

Dubai’s Short-Term Rental Market: Airbnb and Beyond

Introduction:

Dubai, the glimmering gem of the Assembled Middle Easterner Emirates, has for quite some time been inseparable from extravagance, plushness, and elite neighborliness. As of late, it has likewise turned into a focal point for voyagers looking for interesting and vivid encounters through transient rentals. The development of stages like Airbnb has changed the manner in which sightseers and business explorers experience Dubai, offering them an opportunity to enjoy unlimited extravagance and comfort. In this blog entry, we will plunge into Dubai’s momentary rental market, investigating the ascent of Airbnb and other imaginative patterns molding the business.

The Rise of Airbnb in Dubai

Airbnb, a worldwide trailblazer in the momentary rental industry, has acquired colossal prevalence in Dubai. With its easy-to-understand stage, voyagers can undoubtedly track down an extensive variety of convenience choices, from comfortable lofts to sumptuous estates, frequently at additional reasonable rates contrasted with conventional inns. This has opened up another range of potential outcomes for guests who wish to encounter Dubai’s energetic culture past the bounds of a lodging.

Diverse Accommodation Options:

Airbnb, a worldwide trailblazer in the momentary rental industry, has acquired colossal prevalence in Dubai. With its easy-to-understand stage, voyagers can undoubtedly track down an extensive variety of convenience choices, from comfortable lofts to sumptuous estates, frequently at additional reasonable rates contrasted with conventional inns. This has opened up another range of potential outcomes for guests who wish to encounter Dubai’s energetic culture past the bounds of a lodging.

Local Immersion:

One of the vital attractions of momentary rentals is the chance for voyagers to submerge themselves in nearby areas. Visitors can cooperate with local people, investigate unlikely treasures, and gain bits of knowledge into Dubai’s way of life and lifestyle that may not be as available while remaining in traveler driven regions.

Cost-Effective:

Dubai is prestigious for its lavish inns, yet they frequently accompany a strong sticker price. Transient rentals on stages like Airbnb give an efficient other option, permitting guests to distribute a greater amount of their financial plan towards encountering the city’s attractions, eating, and diversion.

Beyond Airbnb: Innovative Trends

While Airbnb altogether affects Dubai’s momentary rental market, other inventive patterns are additionally molding the business’ scene.

Curated Experiences:

Some landowners are going past customary facilities by offering arranged encounters close to their rentals. This could incorporate directed city visits, cooking classes, or desert safaris, giving visitors a special and extensive Dubai experience.

Smart Home Technology:

Some landowners are going past customary facilities by offering arranged encounters close to their rentals. This could incorporate directed city visits, cooking classes, or desert safaris, giving visitors a special and extensive Dubai experience.

Regulations and Compliance:

Dubai’s specialists have perceived the development of the transient rental market and have executed guidelines to guarantee a protected and straightforward climate for the two hosts and visitors. These guidelines mean to keep up with elevated expectations of cordiality and furnishing visitors with a predictable and solid experience.

Conclusion:

Dubai’s short-term rental market has redefined the way travelers experience this dynamic city, offering a diverse range of accommodations and immersive opportunities. Platforms like Airbnb have enabled visitors to connect with local culture, enjoy cost-effective stays, and create unforgettable memories. As the industry continues to evolve, with innovations like curated experiences and smart home technology, the future of Dubai’s short-term rental market promises even more exciting possibilities for both hosts and guests. Whether you’re a traveler seeking a unique Dubai adventure or a property owner looking to participate in this thriving market, Dubai’s short-term rental scene has something remarkable to offer “beyond” expectations.

Dubai's Short Term Rental Market

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Tital Deed in Dubai
CategoriesTitle Deed in Dubai

Everything you need to know about title deeds in Dubai

Everything you need to know about title deeds in Dubai

Introduction:

When it comes to property ownership in Dubai, title deeds play a pivotal role. These legal documents serve as proof of ownership and are crucial for property transactions, investments, and overall real estate dealings. In this guide, we’ll delve into everything you need to know about title deeds in Dubai.

1. Understanding Title Deeds:

A title deed is a legal document that confirms the ownership of a property. It outlines important details such as the property’s location, dimensions, ownership rights, and any encumbrances or liens. In Dubai, title deeds are issued by the Dubai Land Department (DLD), the governmental body responsible for regulating and overseeing the real estate sector.

2. Types of Title Deeds:

Dubai offers different types of title deeds based on the nature of the property and the ownership structure. Some of the common types include:

Freehold Title Deeds:

These title deeds grant the holder full ownership of the property, including the land it sits on. Foreign nationals can own properties on a freehold basis in specific areas designated by the Dubai government.

Leasehold Title Deeds:

In leasehold arrangements, the property is owned for a specific period, typically 30 to 99 years, after which ownership reverts to the landowner (often the government).

Usufruct Title Deeds:

Usufruct rights provide the holder with the right to use and benefit from a property for a predetermined period without owning the property itself.

Strata Title Deeds:

These pertain to properties within multi-unit buildings such as apartments or townhouses. Each unit owner holds a strata title for their specific unit and shares common areas’ ownership with other unit holders.

3)Title Deed Registration Process:

To acquire a title deed for a property in Dubai, the following steps are generally followed:

a. Property Purchase:

The buyer and seller agree on the terms of the property transaction, including the price and other conditions.

b. Initial Agreement:

Both parties sign a Memorandum of Understanding (MOU) or Sale and Purchase Agreement (SPA) outlining the terms of the deal.

c. Due Diligence:

The buyer conducts due diligence, which includes verifying property ownership, any encumbrances, and obtaining a No Objection Certificate (NOC) from the developer if applicable.

d. Payment and Transfer:

The buyer makes the payment, and the property ownership is transferred to their name through a process facilitated by the Dubai Land Department.

e. Title Deed Issuance:

Once the transfer is complete, the Dubai Land Department issues the title deed in the buyer’s name.

4. Importance of Title Deeds:

Title deeds offer several crucial benefits, such as:

Legal Protection:

A title deed provides legal protection against ownership disputes and establishes your rightful ownership of the property.

Ownership Transfer:

Title deeds are essential when selling or transferring ownership of a property to another party.

Value Assessment:

Title deeds are used to assess the property’s value for taxation, financing, and insurance purposes.

5. Tips and Considerations:

  • Work with reputable real estate agents and legal professionals to ensure a smooth transaction and accurate documentation.

  • Verify property details and ownership history before finalizing any deals.

  • Understand the terms and conditions of the title deed and the specific type of ownership it represents.

Conclusion:

In Dubai, title deeds are the cornerstone of property ownership, offering legal protection and ownership rights. Understanding the different types of title deeds and the registration process is crucial for anyone looking to invest in the dynamic and vibrant Dubai real estate market. Working with experienced professionals will help you navigate the complexities and ensure a secure and successful property transaction.

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_Buyer Questions for Dubai Real Estate Markets in 2023
CategoriesBuyers Questions 2023

Common Buyer Questions for Dubai Real Estate Markets in 2023

Common Buyer Questions for Dubai Real Estate Markets in 2023

Introduction:

In order to make well-informed investment decisions, potential buyers are eager to learn about the intricacies of the Dubai real estate market in 2023. With its prospering economy, imaginative ventures, and captivating way of life, Dubai stays a focal point for land speculations. In this blog, we will answer some of the most frequently asked questions by buyers about the Dubai real estate market, including what influences property prices, legal considerations, and the best investment areas.

1 )What are the key factors influencing property prices in Dubai?

Dubai’s real estate market is influenced by several factors that impact property prices. Some of the key factors include:

Economic Trends: Economic growth and stability significantly affect property prices. Positive economic indicators attract investors, leading to increased demand and subsequently higher prices.

Location: Prime locations with easy access to amenities, business centers, and transportation hubs generally command higher prices due to their convenience and potential for appreciation.

Supply and Demand: The balance between supply and demand plays a crucial role in price fluctuations. Oversupply in certain areas can lead to reduced prices, while limited supply in high-demand locations may drive prices up.

Infrastructure Development: The government’s investment in infrastructure projects, such as transportation networks and urban development, can boost property values in specific areas.

2) Are there any legal considerations when buying property in Dubai?

Buying property in Dubai involves specific legal considerations, as the market is open to both local and foreign investors. Some important legal aspects to be aware of are:

Ownership Rights: In designated areas known as freehold zones, foreign investors are allowed to own properties with full ownership rights. However, in non-freehold zones, ownership is restricted to UAE nationals and GCC citizens.

Property Registration: It is essential to register the property with the Dubai Land Department (DLD) to ensure legal ownership and protection of your investment.

Title Deed Verification: Before finalizing any transaction, buyers must verify the property’s title deed to confirm ownership and any encumbrances.

Real Estate Agents: Work with registered and reputable real estate agents who are licensed by the Real Estate Regulatory Authority (RERA) to avoid any potential legal pitfalls.

3)Which areas in Dubai offer the most promising investment opportunities in 2023?

While Dubai has several investment-worthy areas, a few stand out as particularly promising for 2023:

Dubai Marina: Known for its luxurious waterfront properties and lifestyle amenities, Dubai Marina continues to attract investors seeking a vibrant urban lifestyle.

Downtown Dubai: Home to iconic landmarks like the Burj Khalifa and the Dubai Mall, Downtown Dubai remains a prime investment location with a strong potential for capital appreciation.

Dubai South: As the site of Expo 2020, Dubai South is expected to experience significant growth and development, making it an area worth considering for long-term investment.

Jumeirah Village Circle (JVC): JVC offers a mix of affordable and high-end properties, making it an attractive choice for investors looking for a balanced investment opportunity.

Conclusion:

In 2023, the Dubai Real estate market keeps on offering assorted open doors for both Local and Foreign Investors. Understanding the variables affecting property costs, monitoring lawful contemplations, and distinguishing the most encouraging speculation regions are essential for pursuing sound venture choices. To get the most out of a profitable and rewarding investment in Dubai’s dynamic real estate market, it’s always a good idea to do thorough research, get professional advice, and work with reputable real estate agents.

_Buyer Questions for Dubai Real Estate Markets in 2023

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Leasehold vs. Freehold Properties

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Introduction: When it comes to real estate, two commonly used terms that often confuse prospective buyers and investors are “leasehold” and “freehold” properties. These terms

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What is the difference between leasehold and freehold properties
CategoriesLeasehold vs. Freehold Properties

Leasehold vs. Freehold Properties

Leasehold vs. Freehold Properties

Introduction:

When it comes to real estate, two commonly used terms that often confuse prospective buyers and investors are “leasehold” and “freehold” properties. These terms are crucial to understand as they can have a significant impact on your property ownership rights, responsibilities, and financial considerations. In this blog, we’ll delve into the differences between leasehold and freehold properties to help you make informed decisions when entering the real estate market.

Definition:

Leasehold Property:

A leasehold property is one that is owned by a person or entity (the “leaseholder” or “lessee”) for a specific period, typically ranging from 99 years to 999 years, depending on local laws and regulations. The leaseholder has the right to use and enjoy the property during the lease term, but the ownership of the land and the property itself remains with the “freeholder” or “landlord.”

Freehold Property:

A freehold property, on the other hand, grants full ownership of both the land and the property to the buyer (also known as the “freeholder” or “owner”) indefinitely. This means the owner has absolute rights to use, sell, or pass down the property to their heirs without any time restrictions.

Ownership Rights:

Leasehold Property:

As a leaseholder, you have the right to occupy and use the property for the duration specified in the lease agreement. However, the property will eventually revert to the freeholder once the lease expires, and you will no longer have ownership rights. In some cases, leaseholders may have the option to extend the lease, but this process might involve additional costs and negotiations.

Freehold Property:

Owning a freehold property means you have complete and unrestricted ownership rights. You can make modifications to the property, transfer ownership, and even mortgage the property without seeking permission from anyone else. This level of control makes freehold properties more attractive to many buyers.

Responsibilities:

Leasehold Property:

Leaseholders usually have to pay a ground rent to the freeholder as per the terms of the lease agreement. Additionally, there may be service charges or maintenance fees to cover the upkeep of communal areas or shared amenities. Major decisions regarding the property may require the freeholder’s approval.

Freehold Property:

As the sole owner of a freehold property, you are responsible for all maintenance, repair costs, and any other expenses related to the property. While this offers more control, it also means you bear the full financial burden of property upkeep.

Duration:

Leasehold Property:

Leasehold properties have a limited duration, which can vary depending on the initial lease term and any extensions. At the end of the lease, the property ownership returns to the freeholder.

Freehold Property:

Freehold properties have an indefinite duration, providing long-term security and the opportunity for generational wealth transfer.

Resale Value:

Leasehold Property:

The resale value of a leasehold property can be affected by the remaining lease term. As the lease approaches expiration, the property’s value may decrease, potentially making it harder to sell.

Freehold Property:

Freehold properties typically hold their value better over time, making them more appealing to potential buyers and potentially resulting in a higher resale value.

Conclusion:

In summary, the main difference between leasehold and freehold properties lies in the duration of ownership and the level of control one has over the property. While leasehold properties offer a temporary right to use and enjoy the property, freehold properties grant full ownership and control indefinitely. The decision between the two types of properties depends on individual preferences, financial considerations, and long-term goals. Regardless of the choice, understanding the implications of each type is crucial when making significant investments in the real estate market.

What is the difference between leasehold and freehold properties

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Leasehold vs. Freehold Properties

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What Is DLD Waiver On Property In Dubai
CategoriesDLD Waiver

What Is DLD Waiver On Property In Dubai?

What Is DLD Waiver On Property In Dubai?

Introduction:

Waiver of Dubai Land Department (DLD) registration fees is a common offer available from developers. DLD Fee is a 4% of property purchase price, plus an AED 580 admin fee. So DLD Waiver means that buyer will not have pay this fee, instead the developer will pay. Sometimes the developers offer anywhere from 50% to 100% off on DLD fees, which means the buyer has to pay the rest of the fees, if required.

DLD Registration Fees

The registration fee of DLD is charged on registering the purchase, sale, transfer of property, and investment interests in Dubai properties. Dubai Land Department is the agency that collects the fee and was set up by the Emirates Government to assist the sale of property in Dubai to purchasers and investors.

What Is DLD Waiver On Property In Dubai

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Should You Consider Buying A Second Home In Dubai
CategoriesBuying Second Home in Dubai

Should You Consider Buying A Second Home In Dubai?

Should You Consider Buying A Second Home In Dubai?

Introduction:

For Indians hoping to put resources into land in Dubai, the attractions incorporate high rental yields of up to 7 percent, possible capital appreciation, and the chance to claim a property in a worldwide city.

Wealth-off Indians have had an interest in purchasing second homes in Dubai generally by virtue of its expense accommodating regulations and the accessibility of prompt residency status through land speculations, as likewise a worldwide way of life and the way that it is a short flight away from Indian shores.
Indians find Dubai’s housing market alluring because of elements like rental yields, expected capital appreciation, and the potential chance to claim properties in a worldwide city. The city offers a typical rental yield of 7%. Bollywood entertainer Sanjay Dutt is among the people who got the Golden Visa a couple of years back.

Why is Dubai a favorite among high-net-worth Indians?

Dubai has no personal income tax, capital gains tax, or wealth tax, making it an appealing option for individuals seeking to maximise their financial gains and optimise their tax liability.

The city offers a wide range of residential and commercial properties, from luxury apartments to high-end villas and office spaces. Indians find Dubai’s real estate market attractive due to factors such as rental yields, potential capital appreciation, and the opportunity to own properties in a global city

How much does an investor need to invest in real estate?

Property investment:

To acquire a permanent residency visa in Dubai through real estate investment, the minimum property value required is AED 2 million (approximately $472,000). This investment should be in a ready property and not off-plan.

Long-term visa:

The property investment allows investors to apply for a long-term residence visa, which is valid for five or 10 years, depending on the property value and other criteria.

Real estate options available for investment in Dubai:

In the real estate space, there are several investment options available in Dubai. These include apartments/flats, villas, townhouses, off-plan properties, hotel apartments, commercial properties, serviced apartments, and mixed-use developments.

Locations and their average prices in Dubai:

Real estate consultants active in Dubai say that the popular real estate destinations include Jumeriah, where the average rate of the projects is around DH 2,367 per sq ft; Downtown Dubai (DH 2,344 per sq ft); Palm Jumeriah (DH Rs 2,281 per sq ft); Dubai Hills Estate (DH 1,847 per sq ft); The Old Town (DH 1,836 per sq ft); Mohammed Bin Rashid City (DH 1,785 per sq ft); DIFC (DH 1,776 per sq ft); Business Bay (DH 1,672 per sq ft), and Dubai Marina (DH 1,547 per sq ft).

Downtown Dubai:

Known for iconic landmarks such as the Burj Khalifa and Dubai Mall, Downtown Dubai is a highly sought-after area. It offers a mix of residential and commercial properties, luxury apartments, and proximity to key attractions.

Dubai Marina:

This waterfront community is known for its stunning high-rise buildings and marina views. It offers a vibrant lifestyle with an array of dining, entertainment, and recreational options.

Palm Jumeirah:

An iconic man-made island shaped like a palm tree, Palm Jumeirah features luxury villas, townhouses, and apartments. It offers exclusive beachfront living and a range of high-end amenities.

Jumeirah Beach Residence (JBR):

Located along the beachfront, JBR is a popular destination with a vibrant atmosphere, a waterfront promenade, and a mix of residential and commercial properties, including apartments and penthouses.

Business Bay:

Positioned as Dubai’s business hub, Business Bay offers a mix of commercial and residential properties, including office spaces, luxury apartments, and waterfront living. It benefits from its central location and proximity to major business and leisure destinations.

Arabian Ranches:

This villa community offers a serene and family-friendly environment with spacious properties, landscaped parks, and recreational facilities. It is known for its green spaces and golf courses.

Jumeirah Lakes Towers (JLT):

This villa community offers a serene and family-friendly environment with spacious properties, landscaped parks, and recreational facilities. It is known for its green spaces and golf courses.

Dubai Sports City:

As the name suggests, this development caters to sports enthusiasts with its sports academies, stadiums, and golf courses. It offers a mix of apartments, townhouses, and villas.

Dubai Silicon Oasis:

Designed as a technology park, Dubai Silicon Oasis features residential and commercial properties, attracting investors interested in the technology and innovation sectors.

Dubai Hills Estate:

This master-planned community offers luxury villas, townhouses, and apartments surrounding an 18-hole golf course. It provides a green and family-friendly environment with numerous amenities.

Things to keep in mind while buying property in Dubai

The first step to consider when wanting to purchase a property in Dubai is to understand and identify the end objective as purely investment or self-use. This helps maintain focus when selecting the most suitable option. Before concluding the purchase, it is essential to conduct thorough market research and use an established and competent agency to assist with the purchase, said Akash Puri, Director, International Business, India Sotheby’s International Realty.

The next step, after finalising the property, is to negotiate a comfortable payment plan and ensure the property purchase is within the liberalised remittance scheme limits of $250,000 per person per financial year. This way, a family of four can transfer up to $1 million per financial year. In addition, it is important to keep a margin to pay the 4 percent Dubai Land Department transfer fees. Also, following the latest Budget recommendations, investors should keep aside the 20 percent tax collected at source on funds sent overseas under the Liberalised Remittance Scheme from July onwards, he added.

Should You Consider Buying A Second Home In Dubai

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The UAE Ranked 11TH Among Best Countries For Expats
CategoriesThe UAE Ranked 11th

The UAE Ranked 11TH Among Best Countries For Expats

The UAE Ranked 11TH Among Best Countries For Expats

Introduction:

The UAE’s easy visa policies, career opportunities, and high standards of living help maintain its global position as an expat favorite. The UAE has ranked 11 in the Expat Insider 2023 Survey out of 53 destinations.

The survey highlighted the UAE’s strengths in several key areas, propelling it to the top five in three indices. The UAE shone in the Expat Essentials Index, claiming second place, just behind Bahrain.

In the Quality of Life Index, the UAE ranked fourth place. Expats particularly like the vibrant leisure options, including the culinary variety and nightlife, which scored favorably at 84 percent and 76 percent respectively.

The UAE also fared well in the Working Abroad Index, clinching fourth place overall. It excelled in the Career Prospects Subcategory, coming in second place just behind the United States.

UAE Career Opportunities, Work-life Balance:

Expats expressed contentment with their personal career opportunities and noted that moving to the UAE had improved their prospects. 

However, expats in the UAE expressed dissatisfaction with their work-life balance, with only 57 percent rating it positively, below the global average of 63 percent.

Similarly, only 55 percent of respondents felt fairly compensated for their work based on industry, qualifications, and role.

Half of the expats reported an annual income of less than $25,000, compared to the global average of 33 percent, contributing to the UAE’s 41st place ranking in the Personal Finance Index.

Despite these concerns, the UAE ranked favorably in the Safety & Security and Healthcare subcategories, claiming 9th and 10th places, respectively.

Expats praised the country’s political stability, personal safety, and the availability and quality of medical care.

Overall, 68 percent of expats expressed satisfaction with their lives in the UAE, slightly below the global average of 72 percent.

The survey also highlighted the UAE’s strengths in infrastructure, working abroad, and quality of life, while also indicating areas for improvement in work-life balance and personal finance.

The UAE Ranked 11TH Among Best Countries For Expats

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Leasehold vs. Freehold Properties

Introduction: When it comes to real estate, two commonly used terms that often confuse prospective buyers and investors are “leasehold” and “freehold” properties. These terms

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R.EVOLUTION, ANNOUNCED THE FIRST TOWER WITH PRIVATE WATERFALLS IN DUBAI
CategoriesR.evolution

First Tower With Private Waterfalls In Dubai

First Tower With Private Waterfalls In Dubai

Introduction:

Boutique European real estate developer announces Dubai tower inspired by banyan trees and a national park in China.  A new Dubai real estate development inspired by the banyan tree has been announced. R.evolution’s Eywa features interlacing root designs, private waterfalls, and luxury residences. The development is scheduled to be completed by 2026.

R.evolution announces Eywa Dubai

It will be the first residential project in the UAE for luxury European real estate developer R.evolution. Eywa, a revolutionary next-generation development that will redefine the future of urban living in Dubai.

The boutique residential development is LEED Platinum, WELL Platinum, and HealthTechPro certified. Eywa features 48 two to five-bedroom waterfront residences with sizes ranging from 3,064 to 16,256sq ft.

The development is situated on the banks of the Dubai Water Canal and offers views of the water, Downtown Dubai and the Burj Khalifa.

Inspired by the sacred Banyan tree and the Southern Sky Column, the famous quartz sandstone mountain located in Zhangjiajie National Forest Park in Hunan, China, Eywa’s architecture is strikingly distinctive from the very first glimpse.

The unique design has circular open columns, an organic weave of branches, and an interlace of roots.

The developer says Eywa is rooted in the compelling concept of “Wild luxury”, with design features enabling inhabitants to build a deeper, truer connection with their surroundings.

Eywa enjoys a prime location close to the restaurants, shopping centres.

Eywa will offer state-of-the-art facilities in the form of well-appointed shared and private spaces.

From a chef’s table and library to private waterfalls and hammocks, this development will feature amenities that are distinct and designed to augment the life experiences of its residents.

R.evolution said it will be characterised by ultra-luxurious finishing, well-planned spaces, spacious high-end bathrooms, and kitchens equipped with premium appliances.

Alex Zagrebelny, Chairman and CEO of R.evolution, said: “By focusing on a unique, truly luxurious experience, we don’t just build square footage; we create highly competitive, one-of-a-kind properties and Eywa is a prime example of our philosophy. 

“It almost goes without saying why healthy and sustainable housing is so important. We take an active approach to reducing carbon footprint, minimise waste and use sustainable practices”.

 Qasim Mansoor, Chief Development and Operations Officer at R.evolution, said: “We are thrilled to launch Eywa in Dubai and meet the growing needs of consumers for homes that provide a holistic experience.

“Going beyond the realms of comfort, design, and security, addressing the wellness needs of our residents lies at the core of all our developments, and Eywa will further exemplify this”.

R.evolution is partnering with Open AD and Brewer Smith Brewer Group (BSBG) on the design and architecture of the development and Christie’s International Real Estate Dubai has been appointed as the exclusive real estate broker.

R.evolution currently owns 23 trophy developments across Europe.

R.EVOLUTION, ANNOUNCED THE FIRST TOWER WITH PRIVATE WATERFALLS IN DUBAI

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Leasehold vs. Freehold Properties

Leasehold vs. Freehold Properties

Introduction: When it comes to real estate, two commonly used terms that often confuse prospective buyers and investors are “leasehold” and “freehold” properties. These terms

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