Weekly Newsletter 15.5.22

The real estate market is as busy as ever with transactions hitting a 13-year high! If you’re a buyer, our Head of Sales Progression, Jess Stephenson goes through the costs of buying a home in Dubai below! Scroll down to find out what the Dubai summer bucket list looks like as the weather heats up.

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Costs of Buying a Property in Dubai

If you decide to buy property in Dubai without first researching the local market, you could experience a number of unexpected expenses as a result! Let our Head of Sales Progression Jess Stephenson tell you more about the common costs involved when buying a property in Dubai.

Click to WhatsApp our Client Concierge:https://wa.me/97144294444

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Real estate transactions hit 13-year high

In April 2022, real estate transactions reached an all-time high. Top areas across the city are Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, Damac Hills (Akoya by DAMAC), and The Springs, according to Property Finder.

https://www.arabianbusiness.com/money/wealth/money-wealth-real-estate/dubai-real-estate-transactions-hit-13-year-high-in-april-2022-as-expo-2020-new-visa-rules-attract-investors

Source: Arabian Business

 

Sheikh Hamdan reviews plans to boost Dubai real estate

The restructure of Dubai Land Department and Dubai Municipality aim to promote public private partnerships and create private sector deals worth $2.72 billion. 

https://www.arabianbusiness.com/money/wealth/money-wealth-real-estate/sheikh-hamdan-reviews-plans-to-boost-dubai-real-estate-create-private-sector-deals-worth-2-72bn-per-year

Source: Arabian Business

 

Dubai summer bucket list

Things are heating up and with dusty weather in the mix, we need to find more indoor activities to enjoy. This bucket list has something for everyone! 

https://whatson.ae/2022/04/indoor-activities-in-dubai-during-summer-2022/

Source: What’s On

 

Tourism surpasses pre-pandemic levels

Tourism in the UAE in the first quarter of 2021 was 10% higher than the same quarter in 2019 - pre-pandemic. Tourism was one of the worlds hardest hit industries affected by Covid-19. With the wise visionary leadership of the UAE, the country has ensured tourism is well on the road to recovery fast and it has paid off. 

https://www.thenationalnews.com/business/travel-and-tourism/2022/05/19/uaes-tourism-sector-growth-in-first-quarter-outpaced-pre-pandemic-levels/

Source: The National