Dubai's Weekly News Snapshot: The Ampersand 26-01-2024

Forget about the price tag!

This week it was announced that property buyers in Dubai no longer have to meet the AED 1 million down payment requirement on their properties to obtain a Golden Visa.

Sit down with our Chairman, Lewis Allsopp and CEO, Carl Allsopp for an exciting episode of Taking Care of Business, as we break down how you can get your hands on one! We also share which branded residences are blowing our mind and do some digging as to where Cristiano Ronaldo has purchased his new home in Dubai!

#ICYMI - The Allsopp & Allsopp Annual Property Market Snapshot is out!

Exciting news! Our Annual Property Market Snapshot for 2023 is LIVE providing you with a clear and insightful breakdown of the Dubai real estate market.

Powered by Dubai Land Department’s open source data and our own Allsopp & Allsopp data, this report is aimed for buyers, sellers, landlords, and tenants, and offers clear and easy-to-understand market analysis to help you understand the Dubai real estate market in 2023.

Click here to check it out!

News that caught our attention this week:

Expo City announces the launch of Sky Residences

Introducing the newest addition to Expo City - Sky Residences. These stunning towers feature 1-4 bedrooms, world-class amenities and skyline views.

Set for handover in Q3 2026, with properties starting at AED 1.79 million.

Click here to check it out.

AMIS launches their first project in Dubai! The Woodland Residences

Real estate developer AMIS has announced their first Dubai based project, The Woodland Residences, a AED 425 million project that takes the concept of branded residences to a new level! Located in Meydan’s District 11 community, and spanning over 220,000 sqft!

Curious to know more? Click here!

Dubai’s economy sees a 3.3% boost!

This week, Dubai's Crown Prince, Sheikh Hamdan shared details of the emirate's economic growth during 2023, with the market seeing a substantial 3.3% growth during the first nine months alone. Mainly fuelled by foreign investment, tourism and hospitality sectors.

Want to know more? Click here!

Du-bye traffic!

Last year, the RTA announced 45 new road improvement projects, out of which 14 have already taken shape resulting in traffic time across major locations including Sheikh Mohammed bin Zayed Road reduced by nearly 50%!

Want to know the best routes to take? Click here to find out!

HOT OFF THE PRESS!

Lewis Allsopp - Arabian Business

How did the property market perform in 2023? And can 2024 keep up?

Click here to find out what our Chairman, Lewis Allsopp predicts for 2024!

Jess Stephenson - Khaleej Times

Golden Visas… are they payment free now for property investors?

Click here to check out what our Head of Sales Progression, Jess Stephenson has to say about it!

Company Updates

Live like royalty in this stunning five-bed in Queens Meadow - DAMAC Hills

Our hot property of the week is this fully upgraded, five-bedroom villa in the heart of Queens Meadow.

Featuring an open plan living,dining, wine fridge, incredible private pool, with sunken seating area, bar and BBQ area - this home is what dreams are made of!

For sale: AED 7,200,000 For queries, contact Ellena Tristram: +971 585 972 468

Trakheesi Permit: 6585112730