The recent heavy rainfall in Dubai sparked concerns about the city’s real estate market, particularly in areas like Arabian Ranches, Downtown Dubai, Deira, and Mudon. While the flooding disrupted daily life, it also raised questions about the future stability of property investments in these areas. Immediate Impact: Disruption and Concerns The unprecedented floods in UAE…

Dubai Real Estate News In February 2024, Dubai’s real estate market showed significant growth compared to the same period in 2023. Sales transactions increased by more than 27%, totaling 11,900 deals, up from 9,371 the previous year. The value of these transactions soared to nearly Dh36.6 billion, a remarkable 35% increase from February 2023. Most…

Dubai Real Estate News Dubai’s Real Estate Regulatory Authority (RERA) is cracking down on misleading property ads online to make the Dubai real estate market more transparent and safe. RERA’s new rules aim to cut down property ads on websites and portals by 40%. They’re targeting real estate agents who use developers’ NO Objection Certificates…

Dubai Real Estate News The Real Estate Regulatory Agency (RERA), part of the Dubai Land Department (DLD), enforced strict adherence to advertising regulations for real estate companies. In a recent press release, RERA announced fines imposed on 30 companies for violating advertising terms and conditions. These regulations necessitate accurate information provision, possession of necessary advertising…