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rent home in Dubai

Some of Dubai’s freehold locations buck the rental trend

Rents in Dubai

Rents in Dubai’s freehold areas have taken quite a bit of hit in the last two years, but not all of the city’s tenants seem to be benefiting from it. In fact, at locations such as Jumeirah Village Circle, Sports City and the Remraam community in Dubai, rents for one-bedroom units have either held their…

What makes Dubai a 5-star real estate investment destination

Real estate in Dubai

The Dubai real estate sector’s growth is largely driven by foreign nationals living in the UAE and overseas investors living in different parts of the world. The Dubai Land Department (DLD) recorded 69,069 real estate transactions with a total value exceeding Dh285 billion ($77.6 billion) in 2017, including Dh107 billion ($29.15 billion) investment by 39,480…

Seven Tides scores a hit with first round sales

Seven Residences, JLT

A Dubai developer was able to generate sales that would eventually total Dh301.86 million in less than seven days starting May 24. Seven Tides sold all 661 units in the first round of sales for its Se7en City project in Jumeirah Lake Towers. The developer now plans to roll out a second round. Studios start…

Dubai rents too high? These tenants have it worse

Dubai rents

Dubai is still among the world’s costliest places to rent a flat, but tenants in other cities have it worse, a new report reveals. Renting a two-bedroom apartment in the emirate costs an average of $1,787 (Dh6,563) a month, which may be costly for breadwinners with single-digit salaries. But there may be some comfort for…