## Fast and furious: Is Dubai's off-plan market keeping pace?

<iframe width="560" height="315" src="https://www.youtube.com/embed/gc3cXCzfOfA?si=G3URjalvXnaLTg0C" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

In this week’s episode of Taking Care of Business, join our Operations Director; Paul Kelly and our Head of Developer Sales; Fintan Flannelly, to talk all-thing off-plan. Uncover how the off-plan market soared to new heights in August 2023, and what new developments are coming to Dubai?

Tune in to find out! 

## News that caught our attention this week

### Could Mohammed Alabbar launch a real estate fund?

Mohammed Alabbar, the renowned CEO of Emaar Properties, might soon launch his very own real estate fund. In a recent interview, Mohammed Alabbar expressed his desire "to give something back to the industry that has given me so much." Could that "something" be his very own real estate fund?

Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1080-Could-Mohammed-Alabbar's-next-move-be-launching-his-own-real-estate-fund?) to find out! 

### DIFC Living: What can we expect from Dubai’s newest launch?

Last week, DIFC announced their first-ever development; DIFC Living. A mixed-use tower set to feature 170 residences, 9 floors of commercial spaces, restaurants, retail outlets and stunning amenities all overlooking the DIFC community. 

Keen to continue reading? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1076-What%E2%80%99s-DIFC%E2%80%99s-newest-launch-and-what-can-we-expect?-).

### The UAE economy is poised for accelerated growth in 2024!

The United Arab Emirates (UAE) is gearing up for a period of robust economic growth! With forecasts from S&P, predicting a 3% surge in 2023, followed by an even more impressive 4% expansion in 2024, a question on everyone’s mind is: What's driving this economic uptick, and what can we expect in the coming years?

Read [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1078-UAE-economy-poised-for-3-percent-growth-in-2023,-accelerating-to-4-percent-in-2024:-S&P-Insights) to find out more! 

### Can we see self-driving taxis in Dubai?

Innovation is Dubai’s middle name and since RTA has been on a roll innovating new roads, bridges and exits to ease traffic, it was only the right time to launch self-driving taxis. Best believe, these are already in testing mode and would hit the roads as soon as next month! 

Want to know more about them? Continue [reading](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1077-Can-we-see-self-driving-taxis-in-Dubai-soon?). 

## HOT OFF THE PRESS!

### Charlie King with Serenity - HIA Magazine

Take a look at Allsopp & Allsopp’s newest exclusive property in the heart of Al Barari - Serenity. 

Read [here](https://www.hiamag.com/%D9%84%D8%A7%D9%8A%D9%81-%D8%B3%D8%AA%D8%A7%D9%8A%D9%84/%D8%AF%D9%8A%D9%83%D9%88%D8%B1/1698731-%D9%86%D8%B8%D8%B1%D8%A9-%D8%B9%D9%84%D9%89-%D9%81%D9%8A%D9%84%D8%A7-serenity-%D9%81%D9%8A-%D8%A7%D9%84%D8%A8%D8%B1%D8%A7%D8%B1%D9%8A-%D8%AF%D8%A8%D9%8A-%D8%AD%D9%8A%D8%AB-%D8%AA%D8%AC%D8%AA%D9%85%D8%B9-%D8%A7%D9%84%D9%81%D8%AE%D8%A7%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%B9%D8%A9-%D8%A8%D8%AA%D9%86%D8%A7%D8%BA%D9%85). 

### Allsopp & Allsopp Monthly Market Snapshot - Arabian Business

Did you know that 6% of total sales in August came from German buyers? They made up as the top five buyers for the month in our Allsopp & Allsopp Monthly Market Snapshot.

Read more [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-prices-surge-52-yoy-in-august-2023).

## Company Updates

### Come home to beachfront living within this stunning four-bed in Jumeirah Beach Residences!

![a0O4S000000y4V7UAI_m_DSC08846.jpeg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000y4_V7_UAI_m_DSC_08846_a49dcbfd32.jpeg)

This incredibly chic four-bedroom apartment, currently available for sale in Murjan 1, boasts a comprehensive upgrade with top-notch finishes and an impeccable open-plan design – it truly has everything you desire.

Want to check it out?

For sale: AED 6,000,000
Contact [Kian O'Neill on +971585578642](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-201486?utm_campaign=later-linkinbio-allsoppandallsopp&utm_content=later-38093631&utm_medium=social&utm_source=linkin.bio%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-201486%0A%0AThank%20you.)
Trakheesi Permit: 7115340500


Weekly-Newsletter-111822---web-cover.jpg

Dubai's Weekly News Snapshot: The Ampersand 29-09-2023


## Is now the magic moment to sell your home?

<iframe width="560" height="315" src="https://www.youtube.com/embed/d5f0SVJ0J2Y?si=J248J6HEoWBzsAit" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Join our Operations Director, Paul Kelly and Managing Director, Marc Walters as they unpick the mind-blowing data within our August Market Snapshot, revealing what it really means for you and why right now, could be the most magic time to consider selling. 

#ICYMI: Take a look at our August Market Snapshot [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1063-August-2023-Property-Market-Snapshot%0A).

## This week’s hottest headlines!:


### Viva la villa! Palm Jebel Ali drops their first set of properties

Dubai based developer, Nakheel has finally revealed the very first collection of villas set to go on sale  along the anticipated Palm Jebel Ali. The development will feature four fronds,  consisting of both coral and beach villas, each available in eight distinct styles.

Want to know more? [Continue reading…](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1068-Palm-Jebel-Ali-launches-the-first-set-of-luxurious-villas-)

Looking to expand your investment portfolio? Our [Head of Developer Sales, Fintan Flannelly](https://wa.me/+971561159044) can help

### No passport? No problem!

If you’re a frequent flyer with Emirates, travelling light just took on a whole new meaning. In the next few months Terminal 3 at Dubai International Airport is set to unveil smart facial scanner technology and biometric systems that don’t require the use of a passport! Pretty incredible right?

Want to read more about Emirates’ premium features? Take a look at our blog [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/887-Travel-in-style%3A-Emirates-announces-three-new-travel-destinations-for-Premium-Economy-travellers!-).


### Pedal power: RTA announces huge 819km span of cycling tracks

In line with Dubai’s 2040 Urban Master Plan to make Dubai a more green and sustainable city, RTA has announced construction plans to build 819 kilometres of cycling tracks around the city. This two-wheel takeover will encourage a healthier lifestyle amongst residents and help inspire a more sustainable lifestyle. Ride on!

Check out how you’ll be able to bike around Dubai [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1067-Dubai-announces-construction-plans-for-819-km-of-cycling-tracks!).

## HOT OFF THE PRESS!

### Arabian Business - Lewis Allsopp

Rents are rising and population in Dubai is booming but there is a vast undersupply of properties! What does this really mean for the Dubai property market? 

Take a [read](https://www.arabianbusiness.com/opinion/rental-rises-population-boom-supply-constraints-what-does-this-mean-for-dubais-real-estate-market) at what our CEO, Lewis Allsopp thinks about this! 

### Arabian Business - Lewis Allsopp & Fintan Flannelly

Dubai’s property market continues to perform exceptionally throughout August, with off-plan sales soaring to their highest since pre-pandemic levels.Our CEO, Lewis Allsopp and  Head of Developer Sales give us the inside scoop!

Read [here](https://www.arabianbusiness.com/industries/real-estate/dubais-off-plan-property-market-skyrockets-to-4-6bn-in-august-sales-surge). 

### Khaleej Times - Fintan Flannelly

With the off-plan market seeing sky-rocket sales, and new buyers flocking  to capitalise on investment opportunities, what does our Head of Developer Sales, Fintan Flannelly, have to say about the new projects coming into the market? 

Take a [read](https://www.khaleejtimes.com/business/realty/dubai-real-estate-market-booms-new-projects-gain-momentum-as-new-buyers-flock-in).

### Khaleej Times - Bobby Dhaliawal

The annual job shuffle! Is the September surge in Dubai a myth or reality?? Take a read as our Allsopp & Allsopp Recruitment Principle Consultant, Bobby Dhaliawal reveals all.. 

Check it [out](https://www.khaleejtimes.com/uae/uae-ever-heard-of-the-september-surge-why-75-of-employees-switch-jobs-countries-during-this-mont).

## Company Updates

### ICYMI: Ain’t no party like an Allsopp party!

To celebrate another incredible quarter, we threw a pool party for our whole business at the iconic Cove Beach in Caesers Palace. Do work socials get any better?

Check it out [here](https://www.instagram.com/reel/CxdF0CdJnsr/?utm_source=ig_web_copy_link&igshid=MzRlODBiNWFlZA==).

### The perfect family home doesn’t exis…

![a0O4S000000V3jOUAS_m_1G0A6082.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_V3j_OUAS_m_1_G0_A6082_758c17c0ec.jpg)

Yes it does! Come home to this stylish and furnished three-bedroom in The Springs, with gorgeous lake and park views- perfect for families looking for peaceful community living! 

Want to view it this weekend??

For sale: AED 4,300,000

Contact [Jack Bystram on +971502364229](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-193469%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-193469%0A%0AThank%20you.)

Trakheesi Permit: 6914443800




Dubai's Weekly News Snapshot: The Ampersand 22-09-2023


## What is the common success factor between the business of fitness and real estate?

<iframe width="560" height="315" src="https://www.youtube.com/embed/xgphp2Ny1ig?si=26L52yijHtjZA9rX" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, join COO; Carl Allsopp as he discovers the common denominator to success between business and fitness with the Co-founder of Boxica; Cyrus Rustom. Tune in to hear all about the business of fitness, what it takes to be successful in business, and the four commando principles! 

## The August Market Snapshot is LIVE!

Exciting news! Our August Property Market Snapshot is LIVE, which aims to provide 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 assist you in understanding the Dubai Real Estate Market in 2023.

Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1063-August-2023-Property-Market-Snapshot) to check it out

## News that caught our attention this week:

### DIFC launches DIFC Living

The city’s finance and tech hub is welcoming its own residential and commercial offering known as DIFC Living, featuring 174 premium residences, restaurants and multiple commercial units.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://api.whatsapp.com/send/?phone=%2B971561159044&text&type=phone_number&app_absent=0). 

### Rove Hotels announce their first branded residences in Dubai

Rove Hotels will be entering Dubai’s residential market with their newest instalment; Rove Homes. Set in Downtown Dubai, it will offer fully-furnished studios, 1, and 2-bedroom apartments, with smart home features and stunning amenities.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://api.whatsapp.com/send/?phone=%2B971561159044&text&type=phone_number&app_absent=0). 

### A new hotel and branded residence is opening on Bluewaters Island

Say goodbye to Caesars Palace on Bluewaters Island, and say hello to Banyan Tree! Set to  feature 96 private residences, 179 rooms, and 30 suites, residents can expect their own mini rainforest, gym, indoor and outdoor yoga spaces, hydrotherapy pools and treatment rooms.

Check it out [here](https://www.timeoutdubai.com/news/caesars-palace-dubai-closing). 

Planning to invest there? Get in touch with [our team of experts](https://www.allsoppandallsopp.com/).

### Dubai recorded a 63% jump in residence visas issued

This week, it was announced that Dubai recorded a 63% rise in residence visas issued compared to last year, while Golden Visas shot up by 52%, visit visas went up by 34% and tourist visas rose by 21%. 

As Dubai continues to welcome more expats, turning into a haven - [Take a look](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings) at some of the properties new residents are searching for! 

### RTA and Nakheel announce a major new bridge in Dubai

RTA announced that a new bridge would be developed to connect Bur Dubai to Dubai Islands. In partnership with Nakheel, they will construct direct entrances and exits with the bridge spanning 1,425m with four lanes in each direction to ease congestion.

Interested to read further? Click [here](https://www.arabianbusiness.com/industries/transport/rta-and-nakheel-announce-major-bur-dubai-to-dubai-islands-bridge).

## Company Updates

### Wake up to lakeside views within this exclusive four bed in Al Reem!

![a0O4S0000010GuhUAE_m_DSC04740.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S0000010_Guh_UAE_m_DSC_04740_1e0b604e64.jpg)

Come home to this stunning four-bed in the heart of the Al Reem community.

This exclusive property features upgrades throughout and with a temperature controlled private pool that looks onto the beautiful lakeside.⁠
⁠
A must-see!⁠
⁠
For sale: AED 5,200,000⁠
[Kane Wild on +971562349851⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-204096%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-204096%0A%0AThank%20you.)
⁠
Trakheesi Permit: 6914808400⁠


Dubai's Weekly News Snapshot: The Ampersand 15-09-2023


## Welcome to the Allsopp & Allsopp August 2023 Dubai Property Market Snapshot, a comprehensive look into how the Dubai property market performed over the last month.
<br/>

Dubai's real estate market has seen impressive growth, with the Dubai Land Department reporting sales transactions over AED 33 Billion in August, marking a 36% increase year-over-year. Off-plan sales constituted 58% of market volume, signifying a growth in new projects. Could this be Dubai racing to meet market demand? Cash transactions still remain king, with the majority of transactions happening in this segment. Despite headlines on ultra luxury sales filling up news feeds weekly, the majority of transactions remain within AED 2M to AED 3M range.
<br/>


Allsopp & Allsopp saw an average sales price of AED3.2M which is a 52% increase when compared to the same period last year. Amidst the German real estate crisis, German nationals accounted for 6% of sales at Allsopp & Allsopp, though UK nationals still remained top at 22%. Villas/townhouses witnessed a significant price rise of 55% year on year, with Al Barari and Jumeirah Golf Estates emerging as top transaction locations. Dubai Marina was the hotspot for apartment transactions, predominantly by Indian nationals, and the average apartment sales price has increased by 29% year on year. 
<br/>

Rental prices saw a notable 31% increase in transaction volume. UK tenants remained at the top for Allsopp & Allsopp followed by Russians and Indians. The apartment sector witnessed a significant 21% year on year rise in average rent with Downtown Dubai standing out. To ensure affordability, there has been a trend shift in payment methods; fewer tenants are opting for single or two-cheque payments, while three and four-plus cheque payments have gained popularity.

Click below to view the report: 

<br/>
<a target="_blank" href=https://strapiallsopp.s3.eu-west-1.amazonaws.com/August_2023_Real_Estate_Market_Snapshot_94f137e262.pdf?updated_at=2023-09-13T10:50:22.186Z" style="text-decoration: none!important;"><button class="subscribe mx-auto" style="color:#fff !important;display:flex;"><span style="color:#fff !important;">View the report here</span> </button></a> 
<br/>

<br/>

For media enquiries and interview opportunities:

**Aline Pereira** 
Head of PR and Comms

Allsopp & Allsopp

E: Aline@allsoppandallsopp.com

T: 052 283 3285



Website Image - August.jpg

August 2023 Property Market Snapshot


### Celebrate 15 years of Allsopp & Allsopp with Lewis and Carl LIVE!

![IMG_7700 copy.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/IMG_7700_copy_2c3e63e0fa.jpg)

In this week’s episode of Taking Care of Business, Lewis and Carl were in for another LIVE episode where they celebrated 15 years of Allsopp & Allsopp, answered 15 burning questions about their business, and talked about all things real estate! 

With more surprises to come to continue the celebrations of 15 years of success!! 

## News that caught our attention this week:

### Azizi Developers break ground on the second tallest tower in Dubai

Dubai-based developer; Azizi is gearing up to commence construction on Dubai's second-tallest tower. Set to be 700 metres tall, this ambitious project encompasses a six-story shopping mall, 700+ residential units, and a deluxe hotel with 300 suites! 

Construction is set to wrap up by 2027.

Read more [here](https://gulfnews.com/business/property/dubais-azizi-is-all-set-for-the-worlds-second-tallest-tower-1.97966254).

### The First Group launches its third hotel in Dubai

Dubai-based hotelier, The First Group has announced the launch of their next waterfront hotel, set to be located in Business Bay. The project will feature 327 rooms and suites, and a plethora of amenities. Completion is due in Q4 2023. 

Read more [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-the-first-group-launches-new-waterfront-hotel).


### RTA sets enhancements in place for nine roads across Dubai

Great news for drivers all around! 

No more banging heads against the steering wheel as RTA has implemented road enhancements across nine major roads including Hessa St, Garn Al Sabkha, and Al Shindagha to ease traffic congestion. 

[Check it out](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1054-RTA-Revolution:-Nine-innovative-changes-to-ease-traffic-and-congestion-around-Dubai-)! 

### Dubai to host Business and Philanthropy Climate Forum during COP 28

In line with COP 28 launching this year, Dubai is set to host the Business and Philanthropy Climate Forum which will host 500 policymakers, business leaders, and philanthropists globally. The meeting aims to advance cross-sectoral progress toward net zero and nature-positive goals. 

Keen to know more about COP 28? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1046-COP28%3A-Everything-you-need-to-know!). 

Planning to visit Dubai for COP 28? Take a look at our lavish and convenient [Holiday Homes](https://hh.allsoppandallsopp.com/dubai) in the centre of Dubai!

## HOT OFF THE PRESS!

### Paul Kelly - Arabian Business

What does our Operations Director; Paul Kelly, have to say about Commercial Gaming being regulated in Dubai?

Click [here](https://www.arabianbusiness.com/industries/real-estate/uae-gaming-watchdog-to-boost-dubai-real-estate-market-say-experts) to find out.

## Company Updates

### Allsopp & Allsopp’s top agent partakes in the OnlyComms White Collar Boxing Night!

Catch our top agent; Danny Langston tonight at W the Palm for OnlyComms’ White Collar Boxing Night. Head on over and show your support!

Sounds like your cup of tea? Tickets start from AED 330, with doors opening at 6 pm on the night.

### Wake up to serenity in the heart of District One, within this four-bedroom villa!

![a0O4V00000NlIcZUAV_m_IMG_7915.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_V00000_Nl_Ic_ZUAV_m_IMG_7915_22cb27cbae.jpg)

Take a look around this Mediterranean-styled and spacious four-bedroom villa in the upscale, family community of District One.

With open-plan living space, a fully equipped kitchen, a private pool, walk-in wardrobes, and amazing entertainment spaces.

It’s the perfect combination of space, size and luxury.

For sale: AED 19,500,000
[Jessica Roberts on +971585191296](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L216514%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-216514%0A%0AThank%20you.)

Trakheesi Permit: 6515685992


Dubai's Weekly News Snapshot: The Ampersand 08-09-2023


## How can you become a millionaire?

<iframe width="560" height="315" src="https://www.youtube.com/embed/mYIdBVAB-RI?si=uvk6-ifSyf5HvEMW" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

In this week’s episode of Taking Care of Business, our Recruitment Director; Kameron Hutchinson, is back with Senior Recruitment Consultant; Jordan Wilks. Together, they delve into the world of recruitment and real estate, shed light on the upcoming recruitment event, and on how you can become a millionaire!

## News that caught our attention this week

### Emaar Properties announce the redesign of the world’s tallest tower

Emaar Properties has recently announced that the Dubai Creek Tower, which is set to be the world’s tallest tower, is going to see a major redesign concept. Mr. Mohammed Alabbar unveiled the new plans earlier this week. 

Want to know all about the new redesign? [Take a read.](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1045-Revamping-the-skyline:-Emaar-unveils-redesign-plans-for-Dubai-Creek-Tower)

### Dubai Municipality launches a new property portal

Dubai Municipality has launched a new online portal that provides property owners easy access to their land and property data, including construction licences and certificates of completion.

Keen to read further? [Check it out](https://www.arabianbusiness.com/industries/real-estate/dubai-municipality-launces-new-property-portal). 

Want to know how much your neighbours are paying for rent? Take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai) for detailed insights into Dubai’s property purchases.

### Record breaking: Dubai records AED 23.1 bn in property sale transactions!

Dubai’s property market is breaking records week on week, but this time around the market welcomed AED 23.1 billion worth of sales transactions from 3,229 deals. The top three transfers for apartments and villas were all in Palm Jumeirah, making it one of the most sought after communities. 

Take a [read](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-market-records-6-3bn-of-land-and-property-deals-this-week). 

### UAE non-oil foreign trade hits an all-time high!

Throughout H1 2023, non-oil foreign trade hit an all-time high of AED 1.239 billion with a 16.6% rise in export contribution to foreign trade, while a 22.9% rise was recorded in exports with the top 10 trading partners. 

Read more [here](https://www.wam.ae/en/details/1395303191097).

## Company Updates

### Come home to luxury within this 3-bed in Damac Hills

![a0O4V00000MI1FrUAL_m_DSC02917.jpeg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_V00000_MI_1_Fr_UAL_m_DSC_02917_b78e8935ae.jpeg)

This villa comes fully-upgraded throughout, furnished and with a newly renovated master bedroom, it offers plenty of open living space and floor to ceiling windows - with plenty of natural light.

Interested?

AED 3,500,000
[Ellena Tristram: +971585972468](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-217973%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-217973%0A%0AThank%20you.)

Trakheesi Permit: 6511539591







Dubai's Weekly News Snapshot: The Ampersand 01-09-2023


## Dubai's parents community lifeline, the story of Cheeky Monkeys.



<iframe width="560" height="315" src="https://www.youtube.com/embed/cwSz2CA2Ufw?si=4o5DJkTe4y6RX3lp" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>


On this week's episode of Taking Care of Business Operations Director, Paul Kelly is joined by Saima Khan, Co-Founder and Owner of Cheeky Monkeys Dubai’s pioneer soft play area. Paul discusses with Saima what was the inspiration behind opening Cheeky Monkeys, and more. Tune in to hear this fascinating conversation from one of the solid community institutions in Dubai.

## News that caught our attention this week:

<br/>

### DWTCA Free Zone Sees Stellar Rise in H1 2023 Licence Renewals 


The Dubai World Trade Centre Authority (DWTCA) Free Zone observed a significant 250% growth in licence renewals in H1 2023, rising from 254 to 892. Additionally, it welcomed 322 new businesses, marking a 32% YoY growth. Abdalla Al Banna, VP of Free Zone Regulatory Operations at DWTC, emphasised their alignment with Dubai's Economic Vision, attracting international investors and positioning Dubai as a pioneer in economic innovation. The Free Zone, serving a variety of sectors, is also dedicated to sustainability in line with the UAE's Net Zero 2050 initiative.


To read more click [here](https://www.wam.ae/en/details/1395303189342) 


### Majid Al Futtaim first-half earnings soar 74% on robust momentum of UAE economy
 
Majid Al Futtaim Holding, Dubai's leading private sector firm and the Middle East's top mall operator, witnessed a 74% annual jump in its six-month net profit to Dh1.7 billion ($463 million), driven by the UAE's robust economic growth. Revenue increased by 5% to Dh18.9 billion. Despite global economic challenges, the UAE's property market showed strong performance, and this buoyancy positively impacted the company's earnings. 

The conglomerate, involved in retail, leisure, and property development, is set to launch a new development by year-end. The firm's property segment was a significant revenue and profit contributor, with their UAE malls, especially the Mall of the Emirates, experiencing increased footfall and tenant sales.

To read more click [here](https://www.thenationalnews.com/business/2023/08/21/majid-al-futtaim-profit-uae/) 


### United Arab Emirates joins BRICS Group

The United Arab Emirates (UAE) has been formally inducted into the BRICS coalition, an influential assembly of emerging economies, following a unanimous decision during the 15th BRICS summit in Johannesburg. This notable inclusion underscores the UAE's unwavering dedication to multilateralism and its strategic vision for global peace and prosperity. Over the years, the UAE has solidified its role as a vital collaborator with BRICS, particularly evidenced by its involvement in the "Friends of BRICS" forum and its association with the BRICS New Development Bank. The UAE's steadfast approach to fostering international relationships, with a keen eye on sustainable development and peace, has been highlighted by various leaders, reinforcing the country's stance as a global hub for trade, innovation, and diplomacy. 

As Sheikh Abdullah bin Zayed Al Nahyan aptly put it, "The UAE has consistently championed the value of multilateralism in supporting peace, security, and development globally."

To read more click [here](https://gulfnews.com/business/economy/united-arab-emirates-joins-brics-group-1.1692946137202)


## Hot off the press

<br/>

### Dubai Rent hack: Allsopp & Allsopp Launches DATA HUB and breaks the internet!

This week, Allsopp & Allsopp launched Data Hub and literally broke the internet with homeowners, tenants and investors checking how much did their neighbour pay for their homes. 

To read press coverage click [here](https://www.timeoutdubai.com/moving-to-dubai/dubai-rent-hack-neighbours-pay)

### Lewis Allsopp goes on Dubai Eye to discuss how Data Hub has been welcomed by homeowners, tenants and investors 

Allsopp & Allsopp Launches Data Hub, "the nosey neighbour tool". Lewis Allsopp's interview with Dubai Eye on how this tool supports market transparency for investors and homeowners alike. 

Watch the full interview below: 



<iframe width="560" height="315" src="https://www.youtube.com/embed/CZupbPPTkRs?si=5IdbJHg6h6Xy6FpH" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br/>


### Dubai’s Property Boom Is Starting to Lure Chinese Buyers Back

Chinese investors are gradually returning to Dubai’s real estate market, joining Russian and other international buyers who have already pushed property prices in the emirate to record levels. Check our CFO Faline Huang on Bloomberg. 

To read press coverage click [here](https://www.bloomberg.com/news/articles/2023-08-22/dubai-s-property-boom-is-starting-to-lure-chinese-buyers-back)







Dubai's Weekly News Snapshot: The Ampersand 25-08-2023


We know that Dubai is the gem everyone’s eyes are on, but for those businesses who took the plunge, have you been figuring out your way through a commercial mortgage? 

We know how complex mortgages can be, but in Dubai, almost everything is as simple as the snap of two fingers, including a commercial property mortgage. And we’ve got your pocket friendly guide to obtaining a commercial mortgage in Dubai.

### Determine your eligibility:

Before applying for a commercial mortgage, assess your eligibility. Lenders typically consider factors such as your business's financial stability, creditworthiness, industry experience, and the purpose of the loan. Make sure your business meets the lender's criteria before proceeding.

### Research lenders:

Explore different banks, financial institutions, and lenders in Dubai that offer commercial mortgages. Compare interest rates, loan terms, fees, and customer reviews to find a lender that suits your business needs.

### Gather necessary documentation:

Prepare all the required documents to support your commercial mortgage application. Common documents include:

**Business plan:** Outline your business's objectives, financial projections, and how you intend to use the loan.

**Financial statements:** Provide balance sheets, profit and loss statements, and cash flow statements for the past few years.

**Bank statements:** Present business bank account statements to showcase your cash flow.

**Business licences and legal documents:** this include trade licences, Memorandum of Association (MOA), and other relevant legal documents.

**Property documents:** If you already have a property in mind, provide details about the property, including its value and ownership documents.

### Assess your loan amount and repayment plan:

Determine the loan amount you need and create a repayment plan that shows how you will repay the mortgage over the loan term. Lenders will want to know that you have a viable plan to generate revenue and service the loan.

### Submit the application:

Contact the chosen lender to inquire about their application process. You may apply online or visit the bank's branch in person. Complete the application form and submit all the required documentation. Double-check that you have included everything to avoid delays in the processing of your application.

### Underwriting and evaluation:

Once your application is submitted, the lender will review and evaluate your financials, creditworthiness, and the property (if applicable). This process may take several weeks as they assess the risk and viability of approving the commercial mortgage.

### Receive the offer:

If your application is approved, you will receive a formal offer from the lender. Review the terms and conditions, interest rates, and loan tenure carefully.

### Accept the offer and finalise the mortgage:

If you are satisfied with the offer, accept it by signing the required documents. The lender will then finalise the mortgage and disburse the loan amount. Be prepared to pay any associated fees and expenses during the closing process.

## Helpful?

If you found this guide helpful or are looking for your next commercial unit, [get in touch](https://www.allsoppandallsopp.com/) with our team of experts.

We have a plethora of commercial units you wouldn’t want to miss out on, from Dubai Commercity, to Expo City, we’ve got you covered - [take a look](https://www.allsoppandallsopp.com/dubai/properties/commercial/sales).

Or 

Take a look at [our podcast on commercial real estate in Dubai](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/988-Allsopp-%26-Allsopp-Agent-Stories%3A-Could-Commercial-real-estate-be-Dubai's-best-kept-investment-secret%3F) and how to get your hands on your commercial unit in Dubai.



zq-lee-DcyL0IoCY0A-unsplash.jpg

How to obtain a mortgage on your commercial property in Dubai

## A hot July for the Dubai real estate market   The Market Snapshot out now!

<iframe width="560" height="315" src="https://www.youtube.com/embed/cEDEAcTMamQ" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
<br/>
<br/>
This week on Taking Care of Business, Operations Director Paul Kelly is joined by Recruitment Director Kameron Hutchinson to discuss how the month of July performed. They discuss how pricing performed, the extra nationalities joining Allsopp & Allsopp’s top 5 best performing and other trends observed in the report. The July Property Market Snapshot is out now.
<br/>
<br/>



## ICYMI: Allsopp & Allsopp’s July 2023 Market Snapshot

Allsopp & Allsopp’s July market snapshot is LIVE! 

Check out the report and take away what you need to know about the Dubai property market performance during July, including market data from the Dubai Land Department (DLD) and customer insights from Allsopp & Allsopp first-party sources.

[Read here!](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1017-July-2023-Property-Market-Snapshot%0A)
## News that caught our attention this week:
<br/>

###  Dubai Registers $762 million worth of sales deals on Monday the 14th!


Dubai's real estate market witnessed a surge on August 14th, registering property deals of over $762 million. DLD highlighted 717 sales involving properties valued at AED2.09 billion, alongside 131 mortgage transactions amounting to AED 692.02 million. These transactions predominantly included the sale of 687 villas and apartments and 30 land plots.

[Read more here!](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-enters-new-era-after-record-60bn-sales)

### Dubai’s inflation slowed in July!

In July, Dubai's annual inflation rate witnessed a decline to 1.02%, its lowest since November 2021, down from June's 2.05%. This drop is primarily attributed to significant reductions in transport costs, despite a 6.1% year-on-year increase in housing prices, as highlighted by the Dubai Statistics Centre. On the global stage, Dubai's economy experienced a 2.8% annual growth in Q1 2023, amounting to Dh111.3 billion ($30.3 billion).

[Read more here!](https://www.thenationalnews.com/business/economy/2023/08/16/dubai-saudi-arabia-inflation/)

### Dubai International Airport gears up to welcome 3 million travellers..

The world’s largest international airport is soon set to become the world’s busiest too, as with summer vacations coming to an end, Dubai International Airport is set to welcome 3 million travellers. 

The airport averages 258,000 visitors on a daily basis, but with a new wave of residents moving to Dubai, its numbers have grown tenfold! 

[Read more here!](https://www.arabianbusiness.com/industries/transport/dubai-international-airport-gears-up-to-welcome-over-3mn-travellers-in-just-13-days)
RTA announces free digital parking permits: 

### Dubai's Roads and Transport Authority (RTA) is embracing digital innovation by launching new digital parking permits. 

This move will make parking permits easily accessible to senior Emiratis and individuals of determination. Starting August 20th, it will allow users to register up to five vehicles under each permit.

[Take a look!](https://www.arabianbusiness.com/culture-society/dubai-announces-free-digital-parking-permits)
## Company Updates

### Live the millionaire dream in Dubai’s real estate market with Allsopp & Allsopp

![Hero_Image.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Hero_Image_b4258b8ee3.jpg)


We are thrilled to announce that our recruitment events are back and are set to unfold across the United Kingdom. As the sun sets on summer, our team is on the lookout for the next wave of aspiring millionaires to join our dynamic family.
Know someone back home who would like to attend the recruitment event? Share the following locations, dates, and times:

### London: Hilton Paddington, 146 Praed St, London W2 1EE
Monday 4th September, 5pm - 8pm

### Birmingham: The Cube Hotel, Wharfside St, Birmingham B1 1RS
Tuesday 5th September, 5pm - 8pm

### Manchester (2 Nights): The Edwardian Manchester, Free Trade Hall, Peter St, Manchester M2 5GP
Wednesday & Thursday 6th - 7th September, 5pm - 8pm

### Newcastle: The Crowne Plaza Stephenson Quarter, Hawthorn Sq, Forth St, Newcastle upon Tyne NE1 3SA
Friday 8th September, 4pm - 8pm

[Sign up here!](recruitment.allsoppandallsopp.com/amp)




Dubai's Weekly News Snapshot: The Ampersand 18-08-2023


## Welcome to the Allsopp & Allsopp July 2023 Dubai Property Market Snapshot, a comprehensive look into how the Dubai property market performed over the last month.

<br/>
This report offers a comprehensive analysis of the Dubai property market, utilising data from the Dubai Land Department (DLD) and Allsopp & Allsopp's first-party sources, and is an ideal resource for individuals interested in buying, selling, renting or leasing properties in Dubai in 2023.

<br/>

Click below to view the Allsopp & Allsopp July 2023 Dubai Property Market Snapshot.


<br/>
<a target="_blank" href=https://strapiallsopp.s3.eu-west-1.amazonaws.com/July_Real_Estate_Market_Snapshot_1_112c69bc0f.pdf?updated_at=2023-08-11T12:04:03.171Z" style="text-decoration: none!important;"><button class="subscribe mx-auto" style="color:#fff !important;display:flex;"><span style="color:#fff !important;">View the report here</span> </button></a> 
<br/>

For media enquiries and interview opportunities:

Aline Pereira
Head of PR and Comms

Allsopp & Allsopp

E: Aline@allsoppandallsopp.com

T: 052 283 3285


July Dubai property Market report

July 2023 Property Market Snapshot


## From start to century: Celebrating 100 episodes of Taking Care of Business

<iframe width="560" height="315" src="https://www.youtube.com/embed/hJFBc7GYT18" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 

Tune in to take an exciting trip down memory lane, in this week’s episode of Taking Care of Business, as take a look back at where it all began.  

What an incredible three years it’s been, from the era of garden zoom calls, to a property market boom, Christmas carols, dad jokes and even a trip to a hyperbaric chamber, there’s never been a dull moment at the TCB podcast! 

## News that caught our attention this week:

### Dubai welcomes 8.5 million tourists in H1 2023

In the first half of 2023, Dubai’s tourism sector welcomed a record-breaking 8.5 million visitors. This shot up hotel occupancies by 78%, increasing prices by a fifth. 

Expecting guests in town? Take a look at our [Allsopp & Allsopp Holiday Homes](https://hh.allsoppandallsopp.com/dubai/properties/short-lettings), to make those getaways extra special! 

### Dubai taxis record a growth of 10% for trips

Taking longer to hail a cab? With over 50,000 new expats moving to Dubai in H1 2023, the city's taxis also saw a growth in demand of 10%!

However, fear not! The number of drivers have since reportedly soared from 19,000 to 26,000, to cope with the extra passengers!

Keen to know more about H1 2023? [Take a look at our market snapshot](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/990-The-Allsopp-&-Allsopp-Dubai-property-market-snapshot-for-H1-2023-is-LIVE!).

### What’s inside The Oasis, Emaar’s newest waterfront project?

Emaar's latest project, The Oasis, is set to boast 7,000 units starting at AED 8.5 million. This development will feature impressive amenities such as an exclusive community centre, a lagoon, gym, wellness areas and a 1.5 million sq. ft retail mall within the community. 

Want to know more on this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044). 

### Dubai’s property market records AED 2.8 billion in property sale transactions

On Monday, Dubai’s property market saw an impressive 670 sales transactions worth AED2.03 billion, 112 mortgage deals totalling AED724.49 million, and 13 gift deals amounting to AED 94.95 million.

Planning to purchase your next home in Dubai? Check out our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales)! 

## HOT OFF THE PRESS!

### ENOC announces its first expansion of its jet fuel network in China.

How has this partnership between China and the United Arab Emirates played out in Dubai's Real Estate Market?

Check out what our [H1 2023 Market Snapshot has to say about it](https://www.al-monitor.com/originals/2023/08/beijing-chengdu-uaes-enoc-establishes-first-china-jet-fuel-network)!

### Chinese investors surged back into Dubai’s real estate market with a 130% sales volume jump

This data comes in accordance with Allsopp & Allsopp first-party data for H1 2023.

[Take a read](https://www.arabianbusiness.com/industries/real-estate/chinese-investors-surge-back-into-dubai-real-estate-market-with-remarkable-130-jump)!

### Conor Humble - Arabian Business

Are UAE banks offering more competitive mortgage rates compared to other major countries?

[Take a read](https://www.arabianbusiness.com/industries/real-estate/uae-banks-drive-golden-visa-demand-with-competitive-mortgage-rates-residency-support) at what our Mortgage Advisor; Conor Humble has to say about this!

## Company Updates

Wake up to sunny skies within this luxury four-bedroom villa in Meadows! 

![a0O4S000000VG0hUAG_m_DSC01237.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_VG_0h_UAG_m_DSC_01237_2990869faa.jpg)

Indulge in luxury in this redesigned and expanded four-bedroom villa in Meadows 1. Boasting top-notch amenities and a stunning landscaped garden that features a private pool.

???? Price: AED 9,500,000

???? [Contact Nathan Blake +971585906929](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-SUP150038%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20SUP150038%0A%0AThank%20you.)

Trakheesi Permit: 6587862000


Dubai's Weekly News Snapshot: The Ampersand 11-08-2023


## Holiday Homes unpacked: 30% ROI and our Marriott Bonvoy Partnership

<iframe width="560" height="315" src="https://www.youtube.com/embed/KPBiWQ9XciU" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

In this week's episode of Taking Care of Business, Recruitment Director; Kameron Hutchinson is joined by our Head of Holiday Homes; Sheena Arila. They talk about all-things holiday homes, what are Dubai’s top performing areas, how you can get 30% ROI on your property and what’s brewing between Allsopp & Allsopp and Marriott Homes and Villas.

## News that caught our attention this week

### Dubai’s tech and finance hub sees a 23% rise in new business registrations!

Dubai International Financial Centre in H1 2023 has seen their new business registrations up by 23%, with 661 new companies signing up. This generated 3,000 new jobs bringing the total workforce in DIFC up at 39,140 individuals! 

Take a look at some of our attractive [commercial listings in DIFC](https://www.allsoppandallsopp.com/dubai/properties/commercial/sales/in-areas-area-difc)!

### Dubai-based Samana Developers launch their newest project in Al Furjan

The California Project worth AED 215 million, is in Al Furjan. Featuring 178 apartments, ranging from studios to two-beds, it would host luxurious amenities such as a leisure pool deck, cinema, barbecue area and more.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044).

### Holiday Homes and hotels set to see a surge in demand for COP28

As the UN climate conference COP28 approaches, multiple hotels and Allsopp & Allsopp Holiday Homes have started seeing a large volume of bookings between November 30 and December 12. Investors with short term rentals on the market can see ROI surge by 30% during this period. 

Keen to know how you can generate a high ROI? Get in touch with our [Head of Holiday Homes; Sheena Arila](https://api.whatsapp.com/send/?phone=%2B971582033453&text&type=phone_number&app_absent=0).

### Dubai launches new AI-generated pedestrian crossings

In line with Dubai’s 2040 Urban Master Plan, 14 new AI-generated crossings have been launched in Dubai Silicon Oasis, known as the “Real-Time Perception and Connectivity AI Platform”. 

It’s a system that detects pedestrians, cyclists, and other vulnerable road users with precision, integrating seamlessly with road infrastructure to enhance safety measures.

Want to know more? Read [here](https://www.arabianbusiness.com/industries/technology/dubai-launches-new-ai-pedestrian-crossings).

## HOT OFF THE PRESS

### Lewis Allsopp - The National

What’s next for Dubai’s property market? Take a look at what Lewis Allsopp has to say! 

Read [here](https://www.thenationalnews.com/weekend/2023/07/28/whats-next-for-the-dubai-property-market/).

### Experience a slice of paradise within this six-bedroom at The Villa!

![a0O4S000000VLAqUAO_m_DSC06163.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_VL_Aq_UAO_m_DSC_06163_f375df51aa.jpg)

Check out this newly upgraded, custom built six-bedroom villa is situated in The Adela community in the stunning suburbs of Dubailand. ⁠

It faces the park, hosts a private pool, sun terrace, gym, basement and rooftop.⁠
⁠
???? AED 10,000,000⁠
☎️ [Chris Ralph: +971585085120⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-DUB143139%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20DUB143139%0A%0AThank%20you.)
⁠
Trakheesi Permit: 6528310200⁠


Dubai's Weekly News Snapshot: The Ampersand 04-08-2023


We know that Dubai is the gem everyone’s eyes are on, but for those businesses who took the plunge, have you been figuring out your way through a commercial mortgage? 

We know how complex mortgages can be, but in Dubai, almost everything is as simple as the snap of two fingers, including a commercial property mortgage. And we’ve got your pocket friendly guide to obtaining a commercial mortgage in Dubai.

### Determine your eligibility:
Before applying for a commercial mortgage, assess your eligibility. Lenders typically consider factors such as your business's financial stability, creditworthiness, industry experience, and the purpose of the loan. Make sure your business meets the lender's criteria before proceeding.

### Research lenders:
Explore different banks, financial institutions, and lenders in Dubai that offer commercial mortgages. Compare interest rates, loan terms, fees, and customer reviews to find a lender that suits your business needs.

### Gather necessary documentation:
Prepare all the required documents to support your commercial mortgage application. Common documents include:

### Business plan:
Outline your business's objectives, financial projections, and how you intend to use the loan.

### Financial statements:
Provide balance sheets, profit and loss statements, and cash flow statements for the past few years.

### Bank statements:
Present business bank account statements to showcase your cash flow.
Business licences and legal documents: this include trade licences, Memorandum of Association (MOA), and other relevant legal documents.

### Property documents:
If you already have a property in mind, provide details about the property, including its value and ownership documents.

### Assess your loan amount and repayment plan:
Determine the loan amount you need and create a repayment plan that shows how you will repay the mortgage over the loan term. Lenders will want to know that you have a viable plan to generate revenue and service the loan.

### Submit the application:
Contact the chosen lender to inquire about their application process. You may apply online or visit the bank's branch in person. Complete the application form and submit all the required documentation. Double-check that you have included everything to avoid delays in the processing of your application.

### Underwriting and evaluation:
Once your application is submitted, the lender will review and evaluate your financials, creditworthiness, and the property (if applicable). This process may take several weeks as they assess the risk and viability of approving the commercial mortgage.

### Receive the offer:
If your application is approved, you will receive a formal offer from the lender. Review the terms and conditions, interest rates, and loan tenure carefully.

### Accept the offer and finalise the mortgage:
If you are satisfied with the offer, accept it by signing the required documents. The lender will then finalise the mortgage and disburse the loan amount. Be prepared to pay any associated fees and expenses during the closing process.

## Helpful?

If you found this guide helpful or are looking for your next commercial unit, [get in touch](https://www.allsoppandallsopp.com/) with our team of experts.

We have a plethora of commercial units you wouldn’t want to miss out on, from Dubai Commercity, to Expo City, we’ve got you covered - [take a look](https://www.allsoppandallsopp.com/dubai/properties/commercial/sales).

Or 

Take a look at [our podcast on commercial real estate in Dubai](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/988-Allsopp-%26-Allsopp-Agent-Stories%3A-Could-Commercial-real-estate-be-Dubai's-best-kept-investment-secret%3F) and how to get your hands on your commercial unit in Dubai.




mortgage lenders (2).jpg

### Whether you’re new to Dubai or old, it comes as no surprise that the property market has been booming, statistics keep rising daily and new property records are being broken almost weekly. 

So, has investing in a property in Dubai been on your radar? 

Naturally so, and if you’ve been wondering how to get started on that there are a few things you should consider before investing. 

Oh, and in case you didn’t know - You could now get your hands on the golden visa through property investments in Dubai worth AED 2 million or higher, sweet right?

Well then, here are top things you should consider before investing in a property in Dubai.

### Location, location, location!

Where you live can determine almost everything, from convenience to return on investment, it inevitably all boils down to your location. 

Look for areas with strong ROI, good infrastructure, easy access to amenities such as pools, gyms, spas, schools, hospitals, shopping centres, and transportation hubs. 

Desirable locations tend to have better appreciation potential and attract tenants or buyers more easily, you could consider locations such as Downtown Dubai, Jumeirah Golf Estates, Dubai Marina or Jumeirah Lake Towers.

### Rental yields and potential

Investing 101 consists of finding the right place to generate a good rental income through or even a buying price if you’re planning to flip and sell. 

Regardless of your plans, it's crucial to study up the rental yields, and return on investments in the place or development you’re planning to invest in. Consider the demand for rental properties or potential resale value. Understanding market dynamics helps you make informed investment decisions.

Take a look at the average rental rates and vacancy rates to determine the potential return on investment by considering factors such as rental demand, job market stability, and rental regulations.

### Property evaluation

If you’ve reached the point where you’ve found yourself comfortable with the location and are comfortable with the rental yields, its not time to evaluate properties and assess the one that checks all the boxes. 

Take a look at the condition of the property, if there are any repairs or costs to be incurred and how does the appeal of the property affect your future ROI and rental yield?

### Some factors to look at:

Does the property have strong security measures set in place? Such as CCTVs, security guards, and gates?

Are there electrical sockets around the house?

Is there a gas line or connection?

Are all the plumbing and piping lines working correctly?

Does the property have basic fixtures and fittings in place?

Does anything require fixing or repainting?

Does the property have an open-space with natural light?

If your heart is set on the house but requires maintenance and upkeep - get in touch with our in-house Home Maintenance team!

### Financing options and long-term investment strategy

If you’re in it for the long-haul, it's key to note that there are multiple financing options you can consider when investing in a property in Dubai. This could include a single/joint mortgage, developer financing (where the developers offer finance solutions to buyers), bank loans, and equity release (if you hold a property, you can use the equity in that property to fund this new one). 

Regardless of your financing choice, it's important to have financing options available, an idea of all the associated costs, this includes the interest rates, loan terms and down payment requirements. Once you’ve got them locked in, you should then calculate the potential mortgage payments, monthly and see if they match with your financial goals.

Once you’ve finalised the financing option for your home, you should consider an investment strategy. This could be evaluating if you want a long-term application, rental income or a combination of both? Long-term applications mean when you buy-and-hold your property over a spaced out duration, this is done so the property’s ROI appreciates over time and investors can sell it for a higher price. Whereas, rental income is when the investor puts the property up on rent to generate a rental income through.

It's key to analyse which area of the horizon you’re leaning on so once the property’s handed over, you can get right into action. If you’re looking to get expert financial guidance or advice get in touch with our in-house mortgage experts.

### Consider property management

If you don't have the time or don’t want the hassle of managing the property yourself, you can consider the cost and availability of professional property management services. This is particularly important for remote or investment properties.

And we do recommend it, as you can kick back and relax while your property is being managed from home maintenance, to legal regulations, to getting your property up on rent - everything is handled. If you’d like expert advice on property management or would like to know how the process works -[ get in touch with our in-house team](https://www.allsoppandallsopp.com/dubai/landlords/property-management-services-dubai). 

### Seeking legal and regulatory advice

When you’re investing for the first time around, we highly suggest getting yourself familiarised with the legal and regulatory aspects of property investment. Get in touch with a legal council and understand the local property laws, tax implications, zoning regulations, and any restrictions on renting or selling as this can help you decide if you want to go ahead with this property or not. 

Some developers do not allow flipping, or renters even and that could be an issue with your investment. If you’d like legal and regulatory advice on your investments, get in touch with our in-house experts.

### Seek professional advice

We would suggest talking to your realtor and gaining valuable insights and help you make informed decisions when it comes to financing, law and property investment.

Most importantly we’d recommend assessing the risks, and chatting with your realtor to identify the risks associated with the investment, including market volatility, potential vacancies, interest rate fluctuations, and unforeseen expenses and how you can diversify your investment portfolio to mitigate risks.

If you’re keen to know more or would like to talk to one of our experts -[ get in touch](https://www.allsoppandallsopp.com/dubai/contact)!


(10) INVESTING IN A PROPERTY  (1).jpg

Top things to consider when investing in a property in Dubai


## Allsopp & Allsopp Agent Stories: Winning on and off the pitch with Danny Walker

<iframe width="560" height="315" src="https://www.youtube.com/embed/d8voOWbV668" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

In this week's episode of Taking Care of Business, Paul Kelly is joined by Property Consultant; Danny Walker. They talk about what it takes to succeed in Dubai’s property market, how, as an ex-professional footballer, Danny scored early in his real estate career, and whether Creek Harbour is set to be Dubai’s next sought-after community.

## ICYMI: Allsopp & Allsopp’s H1 2023 Property Market Snapshot

Allsopp & Allsopp’s H1 2023 market report is LIVE and getting lots of coverage!

Check out the report and take away what you need to know about the Dubai property market performance over the year’s first six months, including market data from the Dubai Land Department (DLD) and customer insights from Allsopp & Allsopp's first-party sources.

Read [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/990-The-Allsopp-&-Allsopp-Dubai-property-market-snapshot-for-H1-2023-is-LIVE!)!

## News that caught our attention this week

### Dubai’s next star attraction: Rixos Dubai Islands

Dubai Islands is set to welcome its first hotel and luxury residence chain on the island.

Nakheel has announced the launch of Rixos Hotel and Residences on Dubai Islands, featuring one, two, and three-bedroom apartments, four-bedroom duplex apartments and ten luxurious villas, all overlooking the waterfront.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044).

### Dubai Properties announce the last phase of Mudon’s expansion.

The new community, Mudon Al Ranim, will mark the conclusion of the Mudon master development and will feature 182 townhouses with layouts for three and four-bedroom properties.

Residents will have access to amenities such as restaurants, shops, clinics, jogging tracks, sports fields and a community town centre.

Want to know more? Check out some of our [live listings in Mudon](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-mudon)! 


### Dubai rental increases show no sign of slowing: Can tenants afford NOT to buy?

Dubai’s property market snapshot for H1 2023 revealed rental prices have soared 40-80% in key residential areas.

Has this rental rise driven tenants towards buying homes instead of renting?

With Allsopp & Allsopp seeing buyer registrations up by 84%, this could be the case!

Keen to know more? Read [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-market-records-multi-year-high-rental-surge-in-2023). 

### GEMS Metropole School to open in Dubai Land

Adding to the Dubai Land community, GEMS is set to launch a state-of-the-art,  inclusive-first school featuring sensory facilities such as a forest school, farm, and a BioCube for immersive outdoor experiences. The 3,500-student facility will also include swimming pools, science and technology labs, plus dedicated spaces for arts and sports.

[Check it out](https://gulfnews.com/uae/brand-new-gems-metropole-school-al-waha-empowers-future-leaders-for-a-thriving-tomorrow-1.1690096992808)!

### Taraf launches their new residences in JVC.

One of Dubai’s most sought-after affordable communities is set to welcome Taraf’s exclusive Terrazzo Residences. 

These premium residences will offer one-bedroom, two-bedroom and three-bedroom apartments with luxurious amenities and views overlooking open and green spaces aiming to provide a serene living experience.

Are you planning on investing? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044).

## HOT OFF THE PRESS

### Lewis Allsopp - Construction Week

Did Lewis’ 2022 year-end predictions for Dubai real estate come true in the first half of 2023? Find out [here](https://www.constructionweekonline.com/business/dubais-luxury-property-market-generates-850mn-outdoes-london-ny-paris).

## Company Updates

### Wake up to stunning views of the Arabian Gulf within this two-bed in Palm Jumeirah!

![a0O4S000000V6I5UAK_m_DSC00482.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_V6_I5_UAK_m_DSC_00482_0ccbd65691.jpg)

Look at this fully furnished two-bedroom in The Shoreline Apartment on The Palm Jumeirah. Step into a modern, remodelled space with exclusive beach access and state-of-the-art amenities such as a gym and a large private pool.⁠
⁠
What’s more, Nakheel Mall and neighbouring West Beach offer leading nightlife, dining and entertainment experiences just a stone's throw away.
⁠
Is now the right time to call this exceptional property your home?⁠
⁠
???? AED 3,700,000⁠

☎️ [Ryan Owen on +971585892561⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-199806%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-199806%0A%0AThank%20you.)

Trakheesi Permit: 7122188500⁠


Dubai's Weekly News Snapshot: The Ampersand 28-07-2023


## Are you currently in the middle of your first sale or first of many sales? 

You might know a finance-to-finance sale can be hectic, lengthy and stressful - from back and forth agreements, sales negotiations and the list goes on - and who doesn’t want a break from that? 

Most of us in the midst of chaos - while the sale is half-way through, realise this sale can be processed much easily if a sales progression professional is involved! 

So, the question here is what is sales progression and how do you process the sale of a property in Dubai?

Let us break it all down for you…

### What is sales progression?

Sales progression is the process of monitoring and understanding the timely progress of property transactions which takes place from the time an offer is accepted on a property right through to completion.

### How do you process a sale of a property in Dubai?

It's quite simple, given both parties - here are the top steps you’d need to follow to have a seamless property transfer in Dubai.

### Sign the sales agreement 

The first step to a seamless transfer is that once a buyer and seller have reached an agreement on the terms of the property sale, a sales agreement is drafted. 

Both parties will sign a Unified Form F and an Agreement of Sale which are binding agreements between the buyer and seller outlining the terms and details of an understanding, including each parties' requirements and responsibilities. The agreement outlines the terms and conditions, purchase price, payment schedule, and other relevant details. It is recommended to involve a lawyer and sales progression expert to review and ensure the agreement's legality and fairness.

### Do your own due diligence 

If you’re a buyer, we suggest conducting a thorough due diligence on the property, including verifying the legal status, ownership, and any outstanding debts or liabilities. This step may involve obtaining property documents, such as title deeds, survey reports, and No Objection Certificates (NOCs).

### Escrow account

In Dubai, it is common for property transactions to involve an escrow account. The buyer deposits the agreed-upon amount into the escrow account, which acts as a neutral intermediary. The funds are given to the seller upon fulfilling the contracts rules, ensuring a secure and transparent transaction.

### Property transfer application

The buyer then prepares and submits the necessary documents and applications to the Dubai Land Department (DLD) for the property transfer. This includes completing the relevant forms, paying the transfer fees, and providing supporting documents.

### For the property transfer, ensure buyers have the following documents ready:

A manager’s cheque for the property price which is payable to the seller
The original identification documents of the buyer and seller (Emirates ID, passport) 
The original NOC issued by the developer
Signed Contract F (MOU)

### Mortgage clearances (if applicable)

If the property is mortgaged, the buyer and seller coordinate with the mortgage lender to clear the outstanding loan amount on the property. This step involves obtaining a mortgage clearance certificate from the lender.

When the mortgage lender has given the go ahead for the mortgage, the buyer will submit a number of documents requested by their bank to get their final mortgage approval. This process will revolve around their finances and the bank may ask for credit card statements or other private financial documents.

Depending on circumstances, the bank can take around 7 calendar days to release the mortgage final offer letter.

### The documents requested by the bank from the buyer are: 

A copy of your visa and passport
A copy of your Emirates ID
A salary certificate for proof of employment
Proof of residence (copy of tenancy contract or DEWA bill)
Pay slips and bank statements for the past six months
The latest statements of your credit cards

### Final payment and title deed transfer: 

Upon completion of all required procedures and approvals, the buyer makes the final payment to the seller. Once the payment and receipt of payment is received, the transfer of ownership is executed, and the seller transfers the title deed to the buyer.

### No Objection Certificates (NOCs): 

If the property is part of a gated community or a building with shared facilities, the buyer may need to obtain NOCs from the relevant homeowners' association or developer. These NOCs confirm that there are no outstanding fees or obligations associated with the property.

The seller must settle any service charges at least a quarter in advance (if any on the property) These charges will then be reimbursed by the buyer at transfer of the property.

It's just a way to clear up any doubts or financial restrictions on the property.

### Handover and possession

The seller hands over the property keys and any relevant access cards, remotes, or documentation to the buyer. The buyer then takes possession of the property, and any associated utilities or services are transferred to their name.

### Once done, ensure you obtain a moving in permit from the developer.

How simple was that?

If you’d like any further guidance on how to manoeuvre your next sale - [get in touch with our sales progression team](https://www.allsoppandallsopp.com/dubai/sellers/sales-progression)!








(13) SALES PROGRESSION.jfif

Simplifying real estate: What is Sales Progression?


## H1 2023 - A Dubai real estate success story!

Welcome to the Allsopp & Allsopp H1 2023 Dubai Property Market Snapshot, a comprehensive look into how the Dubai property market performed over the first six months of 2023.

This report offers a comprehensive analysis of the Dubai property market, utilising data from the Dubai Land Department (DLD) and Allsopp & Allsopp's first-party sources, and is an ideal resource for individuals interested in buying, selling, renting or leasing properties in Dubai in 2023.

"In my 15 years working in Dubai's real estate industry, this is the first time I have witnessed the level of market activity we saw in the first half of 2023.

To the surprise of sceptics, the Dubai property market exceeded my growth forecast at the end of 2022 and saw several all-time Dubai real estate records broken, with monthly sales transactions and total sales values surpassing the previous market highs set in 2008 and 2014!"

### Lewis Allsopp, CEO, Allsopp & Allsopp

To view the Allsopp & Allsopp H1 2023 Dubai Property Market Snapshot.

<br/>
<a target="_blank" href=https://strapiallsopp.s3.eu-west-1.amazonaws.com/V2_H1_Real_Estate_Market_Snapshot_2ebc0e0a9e_518a5ae99e.pdf?updated_at=2023-07-25T14:59:34.353Z" style="text-decoration: none!important;"><button class="subscribe mx-auto" style="color:#fff !important;display:flex;"><span style="color:#fff !important;">View the report here</span> </button></a> 
<br/>

For media enquiries and interview opportunities:

Aline Pereira
Head of PR and Comms

Allsopp & Allsopp

E: Aline@allsoppandallsopp.com

T: 052 283 3285

Website Image.jpg

The Allsopp & Allsopp Dubai property market snapshot for H1 2023 is LIVE!

### Allsopp & Allsopp Agent Stories: Could Commercial real estate be Dubai's best-kept investment secret?

<iframe width="560" height="315" src="https://www.youtube.com/embed/PShGhvdxVog" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

In this week's episode of Taking Care of Business, Paul Kelly is joined by Senior Commercial Consultant; Jade Simspon. They talk about what it takes to be a great commercial real estate agent, how Jade consistently achieves 12% annual ROI for her clients, and what happens when armed security storm a contract signing! 

## News that caught our attention this week:

### Ibiza based Pacha Group sells clubs and hotel business to Dubai based FIVE Holdings for €320m

FIVE Holdings will take over Pacha hotels and nightclubs, including flagship Ibiza venues Pacha and Destino, as well as spots in Mykonos, Barcelona and Munich.
The deal will also see Pacha’s ‘Lio’ nightclub open within the upcoming FIVE Luxe Hotel & Residences on JBR!

Find out [more](https://ra.co/news/79296).

### 3D printed homes are here and going up fast!

Dubai Municipality has issued the first-ever licence to build a villa using 3D printing technology.

A four metre tall villa in Al Awir 1 will be printed using locally sourced concrete and is set to be completed in October 2023. Dubai had previously set ambitious targets for 25% of new build properties to incorporate 3D printed technology by 2030!

Read [here](https://gulfbusiness.com/dubais-first-building-permit-for-3d-printed-villa/) to find out more.

### Sobha Realty pre-launches second ‘Tower B’ in Dubai Harbour

The new tower will offer views of Palm Jumeirah, Burj Al Arab, and Ain Dubai.

Featuring 1 & 2 bedroom apartments, residents will have access to amenities such as a health club, sauna, steam, indoor gym, indoor cinema, club lounge, indoor games room and more.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044).

Source: [Arabian Business](https://www.arabianbusiness.com/industries/real-estate/sobha-realty-pre-launches-new-tower-in-dubai-harbour)

### Dubai’s hottest new wonder: One&Only One Za’abeel

Dubai has been a haven for branded residences in 2023, following the successes of hotels like [Atalntis the Royal](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-atlantis-the-royal-residences), Kerzner Group is set to bring in another branded gem to the market - One&Only One Za’abeel. 

Featuring twin towers, a residence and a hotel, it is known as Dubai’s first ever “vertical urban resort” and is gearing up to unveil the UAE’s longest infinity pool, 11 incredible new restaurants and stunning rooms!

The hotel is set to open on Friday 1st December, with prices starting at AED 3,500 per night - Pre-bookings are now open, [read more](https://www.timeoutdubai.com/news/one-and-only-one-zaabeel-dubai-bookings).

Interested in calling it your next investment? Take a look at our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-one-za'abeel)!

## HOT OFF THE PRESS!

### Kameron Hutchinson - Arabian Business

What did Kameron, our Director of Recruitment, have to say about attracting and retaining top talent in the real estate sector?

Read: [Arabian Business](https://www.arabianbusiness.com/jobs/revealed-uae-saudi-arabia-companies-attract-top-talents-with-lucrative-packages-amid-expansion)

## Company Updates

### Experience Spanish-style living and serene community vibes within this four-bedroom in Arabian Ranches

![a0O4S000000V9ekUAC_m_DSC00180.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_V9ek_UAC_m_DSC_00180_4d4d91b4bd.jpg)

Check out this stunning four-bedroom villa in the sought-after community of Al Mahra. The property features spacious open plan living and entertaining rooms plus an expansive, fully landscaped garden with a large private pool.

This unit is vacant on transfer and will not remain on the market for long.

⁠
AED 7,500,000⁠

☎️ [George Colley: +971564946969⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-DUB181489%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20DUB181489%0A%0AThank%20you.)

Trakheesi Permit: 6599481000


Dubai's Weekly News Snapshot: The Ampersand 21-07-2023


### Build and they will stay! - How is Dubai retaining expats for longer than ever?

<iframe width="560" height="315" src="https://www.youtube.com/embed/mPrGmNQGIhU" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Get ready for an exciting episode of Taking Care of Business! 

Join our Operations Director, Paul Kelly and our Head of Sales Progression, Jess Stephenson, as they unveil the key to Dubai's ever-increasing expat population, dive into the Allsopp & Allsopp H1 2023 Property Market snapshot, and find out how to leverage mortgage finance to help your cash go further in today's property market! 


### Allsopp & Allsopp partner up with Pitfire Pizzeria!

![Hero Pizza Box Image.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Hero_Pizza_Box_Image_0953359ca2.jpg)

Allsopp & Allsopp have partnered up with Pitfire Pizza, the award winning Dubai-based pizzeria.

Starting in July, anyone who signs a new apartment rental contract with Allsopp & Allsopp will receive two complimentary 10-inch pizzas delivered right to their doorstep on move-in day.

These two pizza toppings were hand-picked by Lewis & Carl Allsopp and include a spicy Pepperoni Primo with fiery Jalapeno’s and a no-nonsense Margherita 

Find out more [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/982-A-true-pizzaship:-Allsopp-&-Allsopp-partner-with-Pitfire-Pizza-to-make-%22moving-day%22-extra-special!).

Searching for your next rental - [we’ve got you covered](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)!

## News that caught our attention this week:

### EV’s to hit 50% in Dubai by 2050

In line with effort’s to reduce Dubai’s carbon emissions by 80%, the RTA (Dubai Road Transport Authority) announced 680 new EV charging stations to be installed within the next three years across Dubai. Check the link to find out if a charging station is coming to your community soon!

Source: [Arabian Business](https://www.arabianbusiness.com/lifestyle/cars-boats/uae-targets-50-electric-vehicles-on-roads-by-2050)


### Smiles all around: Dubai’s expats are amongst the happiest globally

This week, Dubai was ranked the 11th best destination in the 2023 Expat Insider Survey. The survey showcased various areas where the UAE excels, including visa application processing, career opportunities, and high living standards. 

Planning to call Dubai home? Check out our [visa guide](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/933-UAE-residence-and-tourist-visas:-What-do-you-need-to-know?) and [our top rental listings](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)!

Source: [Arabian Business](https://www.arabianbusiness.com/culture-society/uae-expats-among-happiest-in-the-world-report?utm_source=onesignal&utm_medium=push-notification&utm_campaign=pushnotification-traffic)

## Company Updates:

Barbie’s dream house comes to Dubai?

![4.51.png](https://strapiallsopp.s3.eu-west-1.amazonaws.com/4_51_29bc2ac4b5.png)

Allsopp & Allsopp created a viral hit across social channels, bringing Barbie’s dream house to life across key residential communities (with the help of some fancy AI design). 
The posts were picked up and shared by Bayut and many other media channels! 

Just like the saying goes - “We can do anything, right Barbie?”

From Jumeirah 1 to Arabian Ranches - It’s Barbie’s world and we’re just living in it!

### Experience ocean views and serene vibes in this stunning duplex penthouse in Palm Jumeirah!

![a0O4S000001MAQZUA4_m_a.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000001_MAQZUA_4_m_a_655e4435b0.jpg)

Come home to this fully upgraded, four-bedroom duplex penthouse in Balqis Residence, Palm Jumeirah.⁠
⁠
It features a large terrace overlooking Dubai’s skyline with private swimming pool and spectacular panoramic sea views.⁠

And enjoy incredible facilities such as swimming pools, a luxury beach club, restaurants and a fully-equipped gym at your feet! 
⁠
???? AED 17,499,000⁠
☎️ [Ryan Hudson: +971561922814⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-212339%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-212339%0A%0AThank%20you.)

Trakheesi Number: 7117992881



Dubai's Weekly News Snapshot: The Ampersand 14-07-2023


If you're an investor in Dubai, you may be familiar with mortgage refinancing and the various options available. 

## Two of the most popular choices are Equity Release and Mortgage Buyout.

These loans can offer similar benefits to refinancing, such as taking advantage of lower interest rates, maintaining a fixed-rate mortgage, adjusting the mortgage term, or freeing up funds to cover other expenses.

### So, what’s an equity release?

It is a loan that you take out using your property as collateral. The bank will offer a payment plan based on the loan amount chosen, typically with interest paid on the principal loan amount. This payment plan can last up to 25 years and is used to pay off the mortgage or buy back the property.

It's important to note that if the loan is not paid back on time, the bank or lender may take possession of the property.

### What are the benefits of an equity release loan?

There are multiple advantages of an equity release loan:

**Lower rates:** When you take out a loan against your property, you can often get lower interest rates compared to a personal loan. However, it's important to keep in mind that banks in the UAE have restrictions on certain aspects of lending. Therefore, it's advisable to check if the purpose for which you require the loan is permitted before proceeding with the application.

**Larger liquidity:**  If you're looking for a way to finance your next home, equity release loans can be a great option. With these loans, you'll receive a large sum of money all at once, making it easier to make a down payment. Remember that the down payment for a second home is usually higher than for your first property, generally ranging from 35-50% of the second property's value.

**Tax free:** Great news! In the UAE, you are not required to allocate a portion of your loan for taxes. Your equity loan will be completely tax-free.

### Who is eligible for an equity release loan in the UAE?

Cash buyers who purchase properties without finance are eligible for an equity release loan. 

It is not just cash buyers who are eligible for equity release loans. Lenders may also assess the credit score, source of income, and current liabilities of other investors to decide their eligibility for such loans.

If your credit score is in good standing and you have a reliable source of income, whether you are retired, employed, or self-employed, you stand a good chance of approval for an equity release loan. 

It is important to note that just because you qualify for the maximum loan amount, it does not mean that you are required to take out the full amount.

### How much can you borrow against an equity release loan?

You can typically borrow up to 85% of the current value of your property as a loan. 

Different banks have different terms and conditions when it comes to equity release loans. For example, resident expats may be limited to a maximum loan amount of 60-80% of the property value. Non-residents, on the other hand, may face even stricter conditions, such as a borrowing limit of only 50% of the property value.

Take a look at our [foreign investors' guide to mortgages in the UAE](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/937-How-can-foreign-real-estate-investors-get-a-mortgage-in-Dubai%3F).

### What’s a mortgage buyout - you might ask?

If you currently have a mortgage and are looking to switch to a different lender for better rates or conditions, a mortgage buyout may be the solution for you. 

This process involves settling your existing loan and replacing it with a new loan from a different bank that offers more favourable terms.

### Can you combine a mortgage buyout with an equity release?

Yes. 

As the value of your property increases, you can benefit from more favourable interest rates, better loan terms, and access to a higher amount of cash. However, it's crucial to plan for the long term and ensure your financial security is safe should unfavourable market conditions arise.

## How can we help you?

We hope that you now have a better understanding of Equity Release loans and Mortgage Buyouts, should you require any further information [Allsopp & Allsopp Mortgage Brokers](https://www.allsoppandallsopp.com/dubai/properties/mortgages) have a specialised team of experts here to help you plan your next steps! 

If you’ve [got a mortgage on your mind](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/746-Is-your-mortgage-on-your-mind%3F), get in touch with our [Head of Mortgage Services, Stuart Roe](https://wa.me/+971567587710) for the latest market insights and financial offerings.

And when you are ready to make your next property investment, take a look at some of our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales).



1686684260609.jfif

Equity Release and Mortgage Buyout: What is it and how does it work?

### It comes as no surprise Dubai has predominantly transformed into the city of the future within a span of a short few years. 

From incredible developments, to breaking numerous world records and becoming the ideal spot for expats to start their lives at, this millionaires playground has transformed in more than just one way. 

Access to finance has eased throughout the years, helping almost anyone and everyone to easily get their hands on a mortgage and soon acquiring their dream homes. 

But the question still remains, how has access to financing a home transformed in Dubai? Let’s find out…

Financing a home in Dubai has eased through the introduction of mortgages in Dubai, which was introduced in 2008. Ever since a stream of financing options have flown in:

### Availability of mortgages

In the past, getting a mortgage wasn’t as easy as it is today. I mean, with Allsopp & Allsopp it's always been easy but getting a mortgage before was relatively challenging. 

Although, in the recent years many financing companies and banks have opened up their doors and are more lenient with offering mortgages. Not only has this influenced many new home-buyers to come and invest in Dubai, where mortgage rates are 2.99% lower than the global average of 3.03%. This makes it easy for home-buyers to invest in prime real estate.

### Regulatory reforms

Dubai has introduced multiple regulatory reforms for residents and buyers to make the real estate market more investor-friendly. 

These reforms are measures to improve transparency during sales, protect buyers' rights, and regulate the mortgage lending practices. Such regulations have got greater confidence in the market and provide a more secure environment for financing property purchases.

Ain’t that great?

### Offering more affordability and flexibility

As the market is constantly evolving and growing in demand is on the rise, Dubai has offered buyers more affordable and flexible financing options. This includes a range of mortgage loans from banks with different interest rates, loan options such as monthly instalments, and down payment requirements, allowing buyers to choose options that align with their financial capabilities and goals. 
Additionally, affordability in the market has become more comprehensive, as Dubai is considering borrowers' income stability and debt-to-income ratios to ensure responsible lending practices and avoid debt.

### Bringing in home finance companies

After Dubai announced the introduction of mortgages, apart from banks, private home financing companies also came in offering loans that are specifically tailored to property purchases. 

Home financing companies provide many different competitive financing options that have flexible terms, and have also built a streamlined application process, catering to the diverse needs of homebuyers. So, you can get exactly the type of loan you need - suited to your financial capabilities. 

Now, isn’t that easy?

### Introduction of Islamic financing options

After the success of home financing companies, Dubai announced hosting Islamic financing companies. 

As Dubai is an Islamic city, the rise of demand for Islamic financing options is also much higher. So, these Islamic banks offer Sharia-compliant financing alternatives that meet Islamic principles, such as profit-sharing or the purchase and resale of the property at an agreed-upon price. They also have expanded financing choices for those seeking Islamic-compliant options.

### Developers offering financing initiatives

Apart from home financing companies, banks and others, developers are now also offering finance to their buyers. 

These initiatives may include easier instalment plans, post-handover payment options such as paying a certain percentage before purchase and the remaining after, or flexible payment terms. Developer financing has provided greater accessibility to property ownership, particularly for those who may face challenges in securing traditional bank mortgages.

Developers also provide payment plans over a course of multiple years that help buyers purchase based on their financial capabilities. 

### Home equity financing

Home equity is a great way to loan and finance homes if you are a previous home-owner or investor. 

This loan uses the borrower's equity, which means the property loan is reliant on the current market value of the property - that you plan to use as equity payment. Compared to other loans, with home equity financing you can get lower interest rates, and longer repayment plans. This is incredibly flexible for those looking for easier financing options, although it's important to note that home equity loans are one of the riskier forms of borrowing, as they are secured against your property. It is therefore important to consider the risks associated with this type of loan before deciding to take one out.

Overall, taking a mortgage out in Dubai has become seamless and quite easy relatively. So, if you’ve got any queries, you could get in touch with our[ in-house mortgage experts](https://www.allsoppandallsopp.com/dubai/properties/mortgages) on how to move forward with your mortgage. 

And if you’ve got investments on your mind - take a look at some of our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales).


Access to finance dubai

How financing a home has transformed itself in Dubai?


### Fresh out the oven: Allsopp & Allsopp announce partnership with Pitfire Pizza!

<iframe width="560" height="315" src="https://www.youtube.com/embed/0t3cuCXyqQ8" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

This week we are excited to share a very special episode of Taking Care of Business, with Operations Director; Paul Kelly, joined by the Pizza Queen of Dubai, Michelle Johnson (co-founder of Pitfire Pizza).

Find out what the guys had to say about the upcoming ‘pizzaship’ (partnership!), why location choices can make or break a small business and what Michelle’s MBA in ‘What not to do’ looks like!

## News that caught our attention this week

### Meta launches ‘Twitter’ killer… say hello to Threads!

Meta's social platform 'Threads' has become the talk of the town with over 50 million sign-ups in just 24 hours, making it a Twitter clone that's hard to ignore.

Meta CEO Mark Zuckerberg said “We hope to take what Instagram does best and create a new experience around text, ideas, and discussing what’s on your mind.”

Elon Musk’s response to this “Competition is one thing, cheating is another”.

Currently, the platform is in its early stages and will have significant updates coming out in the next few days/weeks. If you want to be among the first to experience it, take a look at our new 'home' on Threads: [@allsoppandallsopp](https://www.threads.net/@allsoppandallsopp?igshid=MzRlODBiNWFlZA==)

### Hot off the press: Dubai was the busiest market for luxury property transactions in Q1 2023!

In the first half of 2023, Dubai has emerged as the top global market for luxury homes priced at $10 million or more, with sales values reaching $3.1 billion. This marks a substantial rise from the $3.9 billion generated in the previous twelve months of 2022. Experts predict that Dubai could surpass the record set by London in 2022, where 246 homes worth $10 million or more were sold for $4.7 billion.

[Take a look](https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-212420) at the type of properties driving the very top of Dubai’s real estate market!

Source: [Financial Times](https://www.ft.com/content/0fe34bc0-a6ce-4e39-af1d-7ffb4da9b8fe)

### La Liste award Atlantis the Royal ‘best global hotel launch’ in 2023

La Liste, frequently called the Michelin guide for hotel rankings, selected the stunning Atlantis Royal launch in Dubai as their number one hotel launch 2023.
With the world's eyes on Dubai, this once-in-a-lifetime event included a who's who of international A-list celebrities, plus a live performance from Beyonce (who was paid a reported $30 million for her one-hour show).

For your chance to live like a moviestar, [check out these incredible Atlantis Royal properties](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-atlantis-the-royal-residences).

Source: [Gulf Business](https://gulfbusiness.com/worlds-best-hotels-dubai-luxury-properties-in-the-list/)

### Did you know: You no longer need to leave Dubai to renew your 90-day visit visa!

Dubai recently amended the rules requiring visitors/ property investors to leave the country to extend 90-day visit visas. The process is quick and easy, with more details available here.

Lane changer: RTA slash Dubai Marina traffic time with new entry/exit routes!

Great news for Dubai Marina residents and visitors alike with the opening of two new exits (in both directions) towards Sheikh Zayed Road at Al Seba Street, reducing rush-hour drive time in these locations from 30 mins to 10 mins!

Searching for a home in Dubai Marina? [Check out this stunning three-bed overlooking the Arabian Gulf](https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-213998)!

Source: [Arabian Business](https://www.arabianbusiness.com/industries/transport/dubai-marina-journey-time-slashed-by-67)

## Company Updates

### Picture perfect cotton candy skies in this dreamy one-of-a-kind, five-bedroom villa in Jumeirah Golf Estates!

![a0O4S000000Vs7PUAS_m_B2 TWILIGHTS-2.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_Vs7_PUAS_m_B2_TWILIGHTS_2_cd611b8d47.jpg)

This ultra-luxury property has just hit the market, fully remodelled inside and out by a leading international design team and is situated on the best championship plot within the stunning Jumeirah Golf estates. We are now taking expressions of interest in this property.

????AED 15,950,000
☎️ [Darren Murphy at +971567995941](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-180242%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-180242%0A%0AThank%20you.)

Trakheesi Permit: 6514447148


Dubai's Weekly News Snapshot: The Ampersand 07-07-2023


### It is definitely an exciting time to be buying a new home in Dubai and when done right this can be a rewarding experience. With the market showing incredible numbers never seen before it's important to approach the process with caution and do your due diligence to maximize your investment and assure you of the best choices. 

In this blog post, we'll cover some of the key factors to consider when buying a new home in Dubai.

## Budget: 

Before you start looking for a new home in Dubai, it's important to set a budget. Dubai is known for its luxury properties, but there are also more affordable options available. Determine what you can realistically afford and stick to your budget. This budget can aim to buy a home for you to live in or in other common cases seen in Dubai as investments for holiday homes, in this case for example the budget would vary depending on [the areas you’d choose to invest in for holiday homes](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/931-Top-areas-to-consider-when-investing-in-a-holiday-home-in-Dubai). 

Another two common types of budgets to be considered are the ones that are to be deployed in the [areas you plan to invest in, if you plan to flip the property](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/934-Top-residential-areas-in-Dubai-to-invest-in-if-you%E2%80%99re-planning-to-flip!%0A). It's important to look into returns depending on property of over 100% returns. It is also not fresh news that Dubai is the most sought after metropolis in the world right now and that has led to a lot of foreign interest in the stunning and forward thinking developments that this city produces. So for those looking into being able to say that “ they own a property in Dubai” , pride assets are what would come to their mind immediately. With new areas being developed at the speed of light, with branded residences and other independent developments, to be able to make the right choice one step to be considered requires you to be one step ahead and we recommend staging your home when calling out renters or investors. It's good to know [how to stage your home on a budget](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/935-How-to-stage-a-home-on-a-budget%3F%0A) as that can help attract a lot of investors.

## Location: 

Dubai is a large city with many different neighborhoods, each with its own distinct personality. Considering what amenities are important to you, such as schools, shopping centers, and public transportation, you can choose a location that is convenient for your needs. For example you may be looking for the [best family-friendly communities in Dubai](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/936-What-are-the-best-family-friendly-communities-in-Dubai%3F) which are in close proximity to [nurseries](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/921-Searching-for-a-nursery-in-Dubai%3F-We%E2%80%99ve-got-the-top-picks!) and parks. A community like Jumeirah Village Circle would easily stand out with its rich choice of outdoor facilities for kids, nurseries and more. If you are a newbie in town and just moved for that extra push in your career, then you might be looking for the right areas to [invest in as per your salary](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/999-Best-areas-to-buy-property-in-Dubai%2C-based-on-salary!%0A). The DIFC - Dubai International Financial Center for example is known for white collar professionals as most investment firms and law firms are established there. If you are working at the creative helm you’d perhaps wish to stay close to media city with areas like Dubai Marina for example being a great choice.

## Developer’s reputation: 

When buying a new home in Dubai, it's important to research the developers you’re considering. Look at their track record, previous projects, and reviews from other buyers to ensure that you are working with a reputable and trustworthy developer. Dubai’s  famous developers have helped to create the city as the top destination for quality of life, but have you even thought about what it takes to bring what was once a dream to reality? Who are [Dubai’s 5 top developers and what is their history of excellence?](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1000-Dubai%E2%80%99s-top-five-real-estate-developers---the-history-of-their-excellence!-) These are commonly asked questions and we urge our buyers to also look into before investing their money into a new property. Many have come and gone and many have reinvented themselves with the progress of the city. A great example is [the overhaul of Damac & Nakheel](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1001-Transformation-Tales%3A-The-rise-and-success-of-Nakheel-and-Damac-Properties-in-Dubai%0A). 

As the city continues to grow and cater to all different tastes and wishlists and many that see the need to be different and bring innovative ways are smaller independent developers. Some of the most sought after projects in Dubai are developed by them and we have created a list of [independent developers to keep on the watch list](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1002-Dubai%E2%80%99s-top-independent-developers-to-keep-on-your-watch-list!%0A).

## Payment plan: 

Many developers in Dubai offer payment plans for new homes, so be sure to ask about the payment options available to you. Consider the down payment required, the payment schedule, and any interest or fees associated with the payment plan. The process to financing your home in Dubai has changed quite significantly over the years with more regulation to protect both developer and buyers. It is quite impressive to see [how financing a home has transformed in Dubai](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1003-How-to-finance-a-home-has-transformed-itself-in-Dubai%3F%0A). Whiltest mortgage is often the route many choose, there are several other options such as developers finance and more. Allsopp & Allsopp’s own mortgage division supports clients in every step of the way enabling a smoother process when buying a home. Although, we do recommend brushing up on mortgages by reading through a [guide to mortgages in Dubai](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/757-Mortgagers%3A-Your-guide-to-first-time-Mortgages-in-Dubai). This helps you stay ahead in the market and have the know-how on how mortgages work in Dubai.

## Quality of construction: 

When viewing a new home in Dubai, pay close attention to the quality of construction. Look for signs of shoddy workmanship or cheap materials, and ask the developer about the construction methods and materials used. Everyone seems to have a specific set of desires when buying a new home such as a property with open-space with natural light amongst other [things to consider when investing in a property.](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1010-Top-things-to-consider-when-investing-in-a-property-in-Dubai)

If you already have your first home and are now looking for a second income, holiday homes could be the answer. And if you’re curious on [how to turn your investment into a holiday home](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/860-How-to-guide%3A-Turn-your-property-into-a-holiday-home!%0A), the process could be quite crucial, from investing in solid repairs, staging the apartment and maintenance - as you have to make sure you can maximize return of investment and bring those 30% ROIs seen in some areas/properties.

## Completion date: 

If you’re buying a property in its off-plan stages and it's almost set for handover, make sure to ask the developer about the estimated completion date for your new home, as handover isn’t predicted a year or two years in advance. Delays in construction can be common for new [off-plan projects](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/738-A-record-breaking-rise%3A-Off-plan-sales-reach-new-heights), so it's important to have a realistic timeline for when you can expect to move in.  Recently, [Dubai’s off-plan market skyrocketed ](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/831-Dubai's-Off-Plan-Property-Market-Skyrockets-by-58%25-in-February-2023%0A)by 58% and that means off-plan projects are popping right left and center in dubai and the building pace is somehow nearly enough to maintain the demand . With so many [new off-plan projects on the horizon](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/739-Check-in-opening-2023%3A-New-hotels-are-on-the-horizon!) its important to select the one that the timeline falls within what your requirements are, being those for investment properties or one for you to call it home

## Legal requirements: 

Buying a new home in Dubai involves a lot of legal paperwork, so it's important to work with a qualified real estate company  like Allsopp & Allsopp to ensure that everything is done correctly. Make sure to understand the[ legal requirements for buying a home in Dubai](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1011-Can-you-buy-a-property-in-Dubai-without-a-lawyer%3F-%0A) and ask any questions you may have.
In case you didn’t know, you could also take the assistance of a [sales progression manager](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1012-Simplifying-real-estate%3A-What-is-Sales-Progression%3F%0A) to help you move through your sale quicker, and we recommend that you consider it!

### The path to buying a home is certainly an exciting one and the great news is that Allsopp & Allsopp has got you covered. Interested in knowing how to start looking for the most suitable investment? [Get in touch with our in-house team.](https://www.allsoppandallsopp.com/dubai/contact)





DyP9DWNr-UAE-property-1200x675.jpg

How to buy a home in Dubai? 7 key factors to consider when investing.


### Dubai’s best real estate agents: Meet the king of the hills!

<iframe width="560" height="315" src="https://www.youtube.com/embed/WWv_txHqmm8" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

We’re back with an exciting episode of Taking Care of Business; Agent Stories and this time around Operations Director; Paul Kelly is joined by Lettings Consultant; Joshua Menzies. They talk about all things life in Dubai, the Damac Hills development and Joshua’s YouTube channel. 

## News that caught our attention this week

### Dubai real estate: Another billion-dirham record broken

Last week, Dubai’s property market saw another record-breaking week with AED 15 billion worth of property sales transactions! This was from 4,804 sales transactions with a key highlight being a AED 70 million plot sold in Palm Jumeirah! 

We think June might just be the best month of 2023 - what do you think?

Source: [Arabian Business](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-sector-sees-4-3bn-of-property-deals-in-huge-week-for-property-in-the-city)

### Expat magnet: Dubai’s population crosses 3.6 million!

Dubai has reached a new milestone, as the population crosses an all-time high of 3.6 million for the first time, according to the Dubai Statistics Center. 

The population now stands at 3.6 million, marking a 1% increase since the end of Q1 and a 1.5% increase of residents when compared to December 2022. 

Are we on track to meet Dubai’s 2040 plan of 5.8 million residents?

Source: [Gulf News](https://gulfnews.com/uae/dubais-population-crosses-36-million-for-the-first-time-1.96600619)

### Dubai South Properties unveil the third stage of South Bay

Dubai South has announced the sales of South Bay, which is the master development situated in The Residential District in Dubai South. 

It hosts an impressive collection of over 200 villas and townhouses, upgraded with luxurious interiors, marble flooring, fully equipped kitchens, rooftop access (sky garden), and private outdoor gardens!

Interested in this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://api.whatsapp.com/send/?phone=%2B971561159044&text&type=phone_number&app_absent=0)!

### An iconic Dubai landmark sells for AED 252 million!

Dubai residents, if you remember driving down Sheikh Zayed Road, you might’ve noticed the large Pepsi factory!

It was owned by Dubai Refreshment PJSC, who’s the bottler for Pepsi.Co in Dubai and has sold the land to Al Futtaim Private Company LLC for AED 252 million.

This plot included the Pepsi bottling plant, a storage warehouse and offices under the Pepsi brand.

Residential real estate isn’t the only one making record-breaking deals! 

### Desert Safari ranks #1 in TripAdvisor’s world bucket list experiences!

One of Dubai’s most iconic tourist destinations has officially been recognised! Dubai’s famous Desert Safari has ranked #1 in TripAdvisor’s world bucket list experiences followed by Inca Trail Trek in Machu Picchu, and Cliffs of Moher, Ireland. 

Desert Safari has always been a cult-favourite and top tourist destination since it first opened in 2005 and has always held records for hospitality, service, experiences and now has made it to the bucket list! 

## HOT OFF THE PRESS!

### Fintan Flannelly - The National

What did Fintan have to say about the $3 billion Al Habtoor Tower set to hold the world’s tallest residential tower title?

Read [here](https://www.thenationalnews.com/uae/2023/06/22/megaprojects-the-3bn-dubai-tower-set-to-join-the-worlds-tallest-residential-buildings/).

## Featured properties

### Dream home found: Take a look at this custom-built five-bedroom mansion in Palm Jumeirah!

![a0O4S000000WGR8UAO_m__DSC0672.jpeg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_WGR_8_UAO_m_DSC_0672_2d996ad85f.jpeg)

Check out this spacious five bedroom, fully furnished villa available for rent in the exclusive neighbourhood of Garden Homes, Frond N, Palm Jumeirah.

Enjoy the open plan living, stylish interiors and an incredible infinity pool with direct access to the beach!

???? AED 2,500,000 per annum
☎️ [Sarlota Kolosova: +971 585 825071](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-L-210929%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-210929%0A%0AThank%20you.)








Dubai's Weekly News Snapshot: The Ampersand 30-06-2023


### Dubai’s best real estate agents: An out of this world journey

<iframe width="560" height="315" src="https://www.youtube.com/embed/a7cKSD8J1SA" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Check out the first episode of our new summer series ‘Agent Stories’ with Operations Director; Paul Kelly who is joined by Property Sales Consultant; Jessica Roberts for an out of this world episode!

They kick off discussing all-things real estate, Jess’ specialised areas - District One and Old Town and find out why Jessica dressed as a bauble before working at Allsopp & Allsopp!

Tune in to hear all this and more on [Taking Care of Business](https://www.youtube.com/playlist?list=PLf4jDvQ7iiLLPSDjQWuBd8BLM-cQqBLy_), every Friday! 

## News that caught our attention this week

### Dorchester Collection is set to launch their first mixed-use hotel/residential property in Q4 of 2023.

The demand for luxury branded residences in Dubai remains high, with the Dorchester Collection introducing its first mixed use hotel/residential property in Dubai at the end of the year. You will need to be quick, with only 39 serviced apartments planned, get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044) to reserve your unit.

Source: [Gulf News](https://gulfnews.com/business/property/dorchester-collection-to-open-first-dubai-hotel-by-year-end-1.96574628)

### Dubai’s property market’s billion-dirham days!

This week on Monday and Tuesday collectively, Dubai’s property market saw AED 7.26 billion worth of property sale transactions, signalling a strong and healthy market.

Mortgages also saw a surge as value totalled to a whopping AED 3.1 billion - confirming that buyer interest since May 2023 where it rose by 100% compared to May 2022.

Source: [Arabian Business](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-market-records-massive-1-3bn-of-transactions-in-just-one-day)

### UK interest rates take a hike again!

The Bank of England announced another interest rate hike of 0.5%, which has taken the base rate to a 15-year high of 5%.

This is the 13th consecutive rise in interest rates since December 2021 in the UK. So, would now be the right time for UK investors to make the move to Dubai’s property market?

Source: [The Guardian](https://www.theguardian.com/money/2023/jun/22/uk-interest-rate-rise-what-it-means-for-you-mortgage-holders-and-savers#:~:text=The%20Bank%20of%20England%20has,the%20base%20rate%20to%205%25.)

### Sheikh Hamdan launches the all-new Dubai Digital Strategy

Sheikh Hamdan, the Crown Prince of Dubai, has launched a digital strategy that aims to enhance life and business in the city with new technology systems implemented.

With a funding of AED 100 billion - the city’s new digital strategy aims to digitise all aspects of life in Dubai for residents and establish a reliable digital system that enhances the digital economy and empowers a digitally-driven society.

Source: [Arabian Business](https://www.arabianbusiness.com/politics-economics/dubai-launches-digital-strategy-targets-27-2bn-sector-value-add)

### Tech revolution: DIFC sets up ‘Dubai Web and A.I 3.0 Campus’

The tech and finance hub of the city - DIFC has launched a 100,000 sq. ft space which is set to develop over the next five years – in what will be the largest cluster of artificial intelligence and tech companies in the MENA region. It’s set to generate 3,000+ jobs, $300 million in collective funds, and 500+ global AI and Web 3.0 start-ups by 2028! 

What could this mean for Dubai’s future? Could we expect another influx of expats?

Source: [The National](https://www.thenationalnews.com/business/technology/2023/06/19/difc-to-establish-ai-and-web30-hub-to-attract-500-tech-businesses-by-2028/)

### Megaprojects: Al Habtoor Tower apartments go on sale for AED 2.1 million!

Dubai’s Al Habtoor Group earlier last month announced the development of Dubai’s next tallest residential tower - Al Habtoor Tower. It is estimated to be worth $3 billion and would have 1,700 apartments on Sheikh Zayed Road. 

Apartments went up for sale this week, with prices for one-bedroom apartments starting at around AED 2 million, two-bedroom apartments from AED 3.5 million and AED 4.7 million for the four-bedroom apartments.

Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044) to reserve your unit.

Source: [The National](https://www.thenationalnews.com/uae/2023/06/22/megaprojects-the-3bn-dubai-tower-set-to-join-the-worlds-tallest-residential-buildings/)

## Trending properties

### Check out this waterfront six-bedroom mansion in Palm Jumeirah

![a0O4S000000VHXEUA4_m_DSC05048.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_VHXEUA_4_m_DSC_05048_d4d083a99f.jpg)

This stunning villa is located on the M frond, with breathtaking views of the sea and Atlantis The Royal.⁠
⁠
It features an open plan kitchen, living and dining, a family living space, entertainment room and a full gym complete with a steam room.
⁠
Outside you’ll find an amazing terrace with infinity pool and direct beach access - and on the rooftop? A jacuzzi of course.⁠
⁠
AED 95,000,000⁠
⁠
**Book a viewing -** [Charlie King: +971 52 842 7032⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-SUP162913%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20SUP162913%0A%0AThank%20you.)


Keeping you up to date with everything that is happening in the Dubai property market.

Dubai's Weekly News Snapshot: The Ampersand 29-09-2023

Dubai's Weekly News Snapshot: The Ampersand 22-09-2023

Dubai's Weekly News Snapshot: The Ampersand 15-09-2023

August 2023 Property Market Snapshot

Dubai's Weekly News Snapshot: The Ampersand 08-09-2023

Dubai's Weekly News Snapshot: The Ampersand 01-09-2023

Dubai's Weekly News Snapshot: The Ampersand 25-08-2023

How to obtain a mortgage on your commercial property in Dubai

Dubai's Weekly News Snapshot: The Ampersand 18-08-2023

July 2023 Property Market Snapshot

Dubai's Weekly News Snapshot: The Ampersand 11-08-2023

Dubai's Weekly News Snapshot: The Ampersand 04-08-2023

How to obtain a mortgage on your commercial property in Dubai

Top things to consider when investing in a property in Dubai

Dubai's Weekly News Snapshot: The Ampersand 28-07-2023

Simplifying real estate: What is Sales Progression?

The Allsopp & Allsopp Dubai property market snapshot for H1 2023 is LIVE!

Dubai's Weekly News Snapshot: The Ampersand 21-07-2023

Dubai's Weekly News Snapshot: The Ampersand 14-07-2023

Equity Release and Mortgage Buyout: What is it and how does it work?

How financing a home has transformed itself in Dubai?

Dubai's Weekly News Snapshot: The Ampersand 07-07-2023

How to buy a home in Dubai? 7 key factors to consider when investing.

Dubai's Weekly News Snapshot: The Ampersand 30-06-2023

Dubai's Weekly News Snapshot: The Ampersand 23-06-2023

Services

About

Our Offices