"We have the most beautiful city in the world. Our next goal is to make Dubai’s countryside and its prairies the most fun and beautiful" – Sheikh Mohammed… The Saih Al Salam Scenic Route, also known as Route 1, is a 100 kilometer stretch of road open to cars and bicycles. It attempts to expand the amount of events, activities, and services that support tourism in the desert and incorporates...
UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Every year it publishes a report called “UBS Global Real Estate Bubble Index” where it analyzes real estate performance in major cities around the world: in which cities property prices and valuations have fallen the most, where (further) corrections are imminent, and where price increases...
'Ejari' literally translates to 'My Rent' in Arabic. The Ejari system in Dubai is an initiative by RERA under the provisions of Law No. 26 of 2007. This law stipulates that all rental contracts for properties in Dubai must be registered online through the official portal, a state-of-the-art system designed to protect the rights of landlords and tenants in the city. This system also officially...
A No Objection Certificate (NOC) in UAE real estate indicates that the developer has no objection to transferring the property to another individual or entity. Moreover, the document confirms that the transferor has cleared all charges, utilities, and other dues related to the property. It is mandatory to receive an NOC before selling your property. The amount of NOC fee in UAE real estate...
In accordance with local regulations, landlords can only raise rent when renewing a tenancy contract. Moreover, landlords are obligated to provide tenants with adequate notice prior to implementing any rent increase. According to the RERA rent increase regulations in Dubai, landlords must give a 90-day notice before the expiration of the tenancy agreement for any rent adjustments. Failure to comply...
Investing in Dubai becomes safer with the use of escrow accounts, ensuring your funds are securely held until the project reaches completion. These accounts act as a protective shield for your investment, offering peace of mind throughout the process. Where can you find the ESCROW account number for the project you're interested in? It's easy! Just visit either the Dubai Land Department (DLD) website...
Investing in Dubai is made more secure thanks to the utilization of escrow accounts. These accounts keep your money safe until the project is done. The Real Estate Regulatory Agency (RERA) in Dubai is in charge of creating and controlling these accounts. Each project has its own escrow account, and the money in it can only be used for that specific project. This ensures that your investment is protected...
The SPA, an agreement between buyer and seller, is commonly utilized across various business transactions, particularly within the real estate sector. It serves to finalize the terms and conditions of property purchase. When purchasing an off-plan property in Dubai, it's mandatory to sign an SPA with the developer in two copies, one of which remains in your possession after both parties have...
In Dubai, foreign ownership is permitted in areas designated as freehold. Non-resident foreigners and expatriates may acquire freehold ownership rights over property without restriction. According to Article 3 of Regulation No. 3 of 2006, which determines areas for non-national ownership of real property in Dubai, the land plots designated as freehold properties are indicated (pages...
If you're interested in understanding the rules governing rental increases in Dubai, this article is tailored for you. RERA (Real Estate Regulatory Agency) oversees rental increases in Dubai, and the most efficient method to access rental increase information is through the Dubai Rest app. To begin, open the app and navigate to the "rental index" section. Here, you have the option to input...