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Building Dubai’s Next Tallest Residential Tower: All About Burj Bingatti

By admin,

Burj Bingatti, Dubai’s upcoming tallest residential tower, is currently under construction in Business Bay, and it’s already earning its place as an architectural wonder in the city’s skyline. 

Set to be completed in 2027, the Burj Binghatti Jacob & Co Residences tower features rooms that speak of peak luxury: the Sapphire Suite Collection (two bedrooms) and the Emerald Suite Collection (three bedrooms). But that’s not all — the exclusive living lifestyle and the views of the infamous Downtown Dubai, Burj Khalifa, and the Dubai Canal are sparking attention among buyers.

So, what more does this ultra-luxurious tower provide for residents and investors in Dubai? Let’s explore more details in this blog.

Burj Binghatti: Key facts and highlights 

Muhammad Binghatti, CEO and head of Architecture of Binghatti, states that the design philosophy and architectural identity of the Burj Binghatti tower are very similar to what Jacob & Co. has done in the world of jewellery and horology. In the words of Jacob & Co., the Burj Binghatti stands as a symbol of creativity and inspiration drawn from the impossible.

But remember, the allure of the Burj Bingatti​ is more than what meets the eye–it’s the dream high-rise living in Dubai experience most people deeply dream of. Here are the key highlights and benefits of Burj Binghatti Jacob & Co Residences tower.

  • Experience a lifestyle unlike ordinary, where luxury is at your doorsteps. This means that with Burj Binghatti, you do not have to search for luxury when it is everywhere you go. Find everything from an infinity pool, a luxury spa, a state-of-the-art gym, and an exclusive private members’ club, along with customer-friendly in-house concierge services with private chefs, bodyguards, chauffeurs, and more.
  • The future of luxury living starts with Burj Binghatti Jacob & Co Residences because the building is literally the definition of opulence. When you look at the top of the tower closely, it resembles the actual crown, an ornament of unique finesse inspired by the design of Jacob & Co’s finely cut gems. This is indeed an architectural marvel that stands out in Dubai’s luxurious skyline.
  • Enjoy easy access to the iconic Burj Khalifa and the Dubai Canal; just sit back and be part of the city life.
  • Burj Binghatti Residency is all about sustainable and eco-friendly living experiences for its people.  You may probably witness the inclusion of features such as solar panels, energy-efficient lighting, and the use of low-VOC paint to ensure that people enjoy luxury while being part of a sustainable and smart community.

Meet the developers: Binghatti and Jacob & Co.

The Burj Binghatti Tower is a collaboration between Binghatti Developers and Jacob & Co., two prominent players in the luxury sector. With both companies taking charge, we may witness the construction of one of the world’s tallest residential buildings in Dubai’s Business Bay, parallel to the Burj Khalifa.

Building Dubai’s Next Tallest Residential Tower Burj Bingatti

Dr. Hussain Binghatti, the founder of Binghatti Developers, the brains behind Binghatti’s major developments and unique architectural concepts of Dubai, promises a fortune for the economy with this project, and it may be expected to rise 472.3 metres tall! (Not yet official). A few years later, you’ll be awed by the beauty of this luxurious and tall tower standing out in Business Bay.

Loving what you hear so far? Explore more apartments from Binghatti with us and find out what’s in store for you.

Answering your common queries on the Burj Binghatti

The luxury skyscrapers in Dubai are worth a million queries. To give you the benefit of the doubt, here are some common queries answered on the upcoming tallest residential tower in Dubai: 

  • Where is Burj Bingatti located?
    The Burj Binghatti Jacob & Co Residences is located in Business Bay and is currently undergoing construction to become one of the world’s tallest skyscrapers.
  • What is the completion date for Burj Bingatti?

The completion date for Burj Binghatti is announced to be around 2026, but it is not yet confirmed since it is still undergoing construction.

  • What is the height of Burj Bingatti?
    It could be the highest skyscraper in Dubai, with an estimated height of 557 m, 104 floors, and seven basement levels.
  • Is Burj Binghatti taller than burj khalifa?

As of now, the Burj Khalifa measures 828 meters (2,717 feet) and has 163 floors. In contrast, the Burj Binghatti is projected to reach a height of approximately 595 meters (1,952 feet) with 105 floors. However, its height has not been officially confirmed to exceed that of the Burj Khalifa.

world’s tallest residential building

Final Thoughts

Burj Binghatti is a passionate project in planning and building. At AZCO, we’re proud to see such exciting projects coming up, bringing more value to the real estate market in Dubai.

Guess what? There’s more exciting development happening in Dubai, and we don’t want you to miss out! Simply check out our latest off-plan listings and explore the attractive options available for you here.

What Is RERA? Dubai’s Real Estate Law Explained in 3 Mins

By admin,

You may think of buying, selling, and leasing properties in Dubai, but do you ever wonder what secures and protects these transactions? That’s where RERA comes in.

So, what exactly do potential homebuyers, investors, and residents need to know about RERA Dubai? Let’s talk about it.

What is the RERA law in Dubai?

RERA’s meaning is self-explanatory; it is known as the Real Estate Regulatory Agency. Basically, RERA governs and regulates the laws and conditions of real estate, a division established by the Dubai Land Department to protect the rights of individuals and their real estate transactions. 

In simple words, it is a regulatory body supervising the tasks and obligations of real estate firms and agencies in Dubai. 

Benefits of RERA: What you need to know?

The advantages of Rera Dubai are all about ensuring transparency in the real estate sector. To be more precise, the primary benefits of a RERA certified organisation include: 

  • All buyers and sellers are entitled to full details of real estate transactions, including project specifics, progress, timelines, financial plans, and approvals.
  • Protects the rights of buyers and sellers by eliminating false claims and misleading advertisements of properties and real estate services.
  • Guarantees the rights of all parties in real estate transactions by ensuring fair practices, transparent pricing, timely submission of property requirements, efficient dispute resolution, and fostering trust among all involved.
  • Ensures the implementation of safe property management and ownership protocols in accordance with UAE’s legal laws and conditions.

|| Also Read: How To Check Your Property Value in Dubai: Free Online Calculator  ||

How to Get a RERA License in Dubai? 

The Dubai real estate laws want to make sure that brokers and companies are fairly qualified and maintain industrial standards to run a real estate business in the UAE. Here are the five main steps involved in obtaining a RERA license in Dubai.

STEP 1: Obtain a Dubai resident visa under the prerequisite of a company or by setting up your own business (which involves registering as a business and securing a trade license).

STEP 2: Submit your application to the Dubai Land Department with personal details, professional background, and any relevant qualifications or experience in the real estate sector.

STEP 3: Complete the RERA training program and get accredited by the Dubai Real Estate Institute (DREI), which recognizes your knowledge of real estate laws and market insights.

STEP 4: After your DREI training is completed, submit the proof of training completion and exam results to the DLD department.

STEP 5: Receive your approval for a RERA License, making you officially authorized and qualified to work in Dubai’s real estate sector as a broker or real estate agent.

RERA License Cost in Dubai 

The RERA License cost usually varies based on educational qualifications. Therefore, the basic standardized cost can be 3,200 AED for people with a bachelor’s degree, 6,300 AED for those who do not have a valid bachelor’s degree, or even around 15,750 AED for non-degree holders. But remember, the fees clearly depend on how many real estate activities you are involved in, which can be more or less.

For the latest information and resources on Dubai property laws and RERA, you can visit our official website

What is the difference between DLD and RERA?

RERA and DLD have separate different roles and responsibilities, all in compliance with UAE laws and regulations. 

getting RERA license in dubai

The basic differences you should know are:

DLD RERA
DLD stands for Dubai Land Department. RERA stands for Real Estate Regulatory Agency.
DLD deals with the registration and regulation of real estate transactions in Dubai. RERA is a regulatory body working within the DLD to supervise the activities of developers, brokers, and other real estate professionals in Dubai in compliance with UAE laws.
The DLD provides various services like property valuation, registration, and ownership certificates.  RERA deals with transparency dispute management and evaluates fairness among real estate agents and their services.

Conclusion: Why RERA is Crucial for  Dubai’s Real Estate Stability?

The RERA rules in Dubai exist for a reason: it’s a shield to protect your investments and profits in the real estate journey.  By familiarizing yourself with the fundamentals of RERA and its implications for residents, you can stay informed about the conditions and processes within the local real estate market.

So, stay ahead in the real estate market by understanding these essential rules and laws.

If you have any questions about real estate, feel free to reach out to our RERA-certified experts at AZCO. We are here to assist you in person and make your buying and selling journey easy. Contact us today!

Frequently Asked Questions

1. How much does a RERA certificate cost?

The cost of the RERA registration exam depends on whether individuals hold bachelor’s degrees or not. Exam fees range from AED 3,200 to AED 15,750, depending on qualifications. Additional costs, such as training and certification fees, may apply.

2. Is RERA mandatory for real estate agents in Dubai?

Yes, it is mandatory to complete a RERA training course and obtain a license to work legally in the real estate sector of Dubai.

3. What are the latest updates in RERA Dubai regulations?

In January 2025, the Dubai Land Department (DLD) introduced a new Smart Rental Index to ensure transparency in the real estate sector transactions.

Dubai’s Real Estate & Tourism Boom: Success or Struggle?

By admin,

Dubai’s real estate market can be a success story for some, while others may find it a bit challenging. This is mainly due to the influence of tourism and a wave of foreign investment, which has created mixed reactions among people, raising the question of whether Dubai’s real estate and tourism growth is truly a success or a struggle.

So, what are the driving economic forces behind this expansion? Is Dubai’s real estate and tourism growth truly a success or a struggle? Let’s find out in this blog.

How Dubai Became a Global City?

Dubai is called a global city for a reason. If you look beyond the expanding and dynamic real estate market, Dubai is where talent and entrepreneurship flourish, and there’s innovation at every corner of the city. Above all, it is a city that celebrates Emirati and multicultural traditions, making it a highly preferred destination for tourists and a top choice of residence for many.

In fact, the Dubai tourism industry system is designed in such a way that it preserves the Arabian cultural heritage in its architecture and laws while giving people around the world room for personal and professional growth.

Again, what you call a global city is still prone to hassles like traffic congestion and rising housing costs. So, the question “Is Dubai’s real estate and tourism expansion a success or a struggle?” still stays relevant. 

What’s Fueling Dubai’s Boom? 

The Dubai economy has no signs of slowing down because the latest Dubai real estate trends prove it. This is primarily based on how it has been performing well over the recent years since 2022, and this year is no exception. 

Therefore, the major drivers of Dubai’s real estate boom include:

  • The demand for housing, including affordable options, has increased alongside rising employment rates. This has created more opportunities for incentives and has led to an increase in people opting for the Golden Visa and other long-term residency options.
  • Dubai’s population growth between 2022 and 2024 was a striking 4.6%, and it’s expected to grow even further, especially by 2040. That is why the Dubai Urban Master Plan has a set of initiatives to support the growing population.
  • The high-end living standards and world-class amenities continue to attract wealthy investors and home buyers globally. Moreover, the rental yields and vast Dubai property investment opportunities have led to approximately 180,987 transactions in 2024, setting a new record for Dubai’s property market.
  • Community living in Dubai is high in demand due to the increasing desire for convenient lifestyles. This includes villas and apartments that offer a mix of residential, commercial, lifestyle, and entertainment amenities. Areas such as Jumeirah Village Circle, Dubai Hills Estate, Mohammed Bin Rashid City, Business Bay, Dubai Marina, Downtown Dubai, Jumeirah Lake Towers, and Dubai Creek Harbour are particularly favored among families.
  • Dubai’s highly developed transportation system and 24/7 taxi availability make commuting barely a hassle. There are even metro lines connecting to the international Dubai airport terminals, making connectivity more convenient for travelers than ever.

Is Dubai’s boom sustainable, or are there hidden struggles?

Dubai’s skyscrapers and tall buildings look pretty on the horizon. Thanks to decades of engineering and development efforts by the builders over the years, it is now a vibrant city filled with opportunities for living.

Dubai real estate forecast

In terms of success, record-breaking real estate transactions and a continually growing population represent significant milestones of the Dubai real estate boom you see today. Despite being the first country in the Middle East to confirm a COVID-19 case, the efforts to get back on track skyrocketed to further modernise and diversify the economy on international levels. Today, Emirati citizens make up about 10% of the country’s overall population, with the majority being foreigners.

Although the influx of investors and new residents has been favorable, there are a few downsides to it. One major problem is the packed roads, crowds, and the increased car-to-road ratio, which is slightly detrimental to the environment. However, the good news is that Dubai has not failed to adhere to its sustainable goals. The Dubai Clean Energy Strategy 2050 is a prime example of this, aiming to generate 75% of energy from renewable sources and to build energy-efficient buildings and eco-friendly transportation.

For Dubai, the more challenges, the more enhanced the solutions get. 

Also Read: Dubai’s Property Appeal Soars: Why the City is a Hotspot for Investors and Expats

The Verdict 

Dubai’s confidence in meeting the growing population, trend, and demand remains strong despite key challenges. According to the latest Dubai real estate forecast, there are significant opportunities for investors and tourists today and in the future. With new development plans in emerging areas such as Creek Harbour, urban master plan 2040 initiatives, and the ongoing expansion of affordable housing options, it’s a whole package of advantages for tourists and residents.

However, real estate trends can fluctuate, and making informed decisions at the right time is crucial. So, is Dubai’s real estate and tourism expansion a success or a struggle? At the end of the day, it’s all about knowing how to utilise the knowledge, tools, and assistance in Dubai’s real estate market and whether it’s best suited for you.

Want to learn more about Dubai real estate risks and challenges and how to avoid them on your home-buying journey? Get in touch with our AZCO agents, and we will assist you in discovering the best time, location, and strategies for investing or buying a home, even as a tourist. Click here to learn more.

Frequently Asked Questions

1. Can tourists buy property in Dubai?

Since 2002, the UAE has allowed foreigners to buy, sell, and rent property in designated freehold areas in Dubai with specific regulations and permissions.

2. What is Dubai famous for?

Dubai city is a global hub with vast amenities and venues for luxury and living. It’s famous for many attractions, like the Burj Khalifa and Dubai Mall, the largest shopping mall in the world, attracting millions of visitors.  

3. Why is Dubai very popular?

Dubai’s world-class infrastructure, luxurious residency options, tax advantages, and top-tier hospitality are well-known globally. Therefore, it is known to attract both tourists and residents equally.

Dubai’s Top Ramadan Tents & Majlis For A Magical Iftar: Hidden Gems!

By admin,

Ramadan is here— and it’s bringing in guests from near and far to enjoy their iftars and suhoor with full-on festivity and fun! With diverse types of Ramadan tents and Majlis around Dubai, get ready for a feasty experience you’ll always remember!

In this blog, we will explore Ramadan tents, their unique cultural significance, and how to have the best suhoor and iftar experience of your life in Dubai.

What to Expect in a Ramadan Tent or Majlis?

The Ramadan tent experiences are considered the best part of visiting Dubai during the season. They offer everything you need for a celebratory fast with your friends and family. Although they are not just conventional tents where people meet, settle in, and enjoy their iftar or suhoor, they serve locals and tourists alike.

Things you can find in Ramadan Tents include:

Budget vs. Luxury: Finding the Right Ramadan Tent

Ramadan tents in Dubai come in a variety of options, offering plenty for both residents and tourists to choose from. Whether you’re visiting Dubai during Ramadan and looking for the best majlis for Ramadan evenings, identifying the right type of tent based on your budget and iftar buffet preferences shouldn’t be hard.

Here is a list of tents and majlis best suited for you, based on luxury and budget-friendly options for this year.

Budget- Friendly Tents of 2025

Tent Name Location Description
Cultural Hub Tents Various neighborhoods in Dubai These are community-oriented iftar tents featuring local flavors and cultural décor at budget-friendly pricing.
Ramadan Nights by Nara Tent Dubai desert

 Be amazed by the Arabian spice market, live cooking stations, camel rides, fire shows, and traditional Arabic cuisine. It will be an iftar worth remembering!
QD’s Iftar Tent at Dubai Creek Golf & Yacht Club

 Dubai Creek Golf & Yacht Club The Joy of Ramadan starts at QD’s. It provides the best of Arabic hospitality with a lavish selection of regional flavors. You can find many comfort foods such as Kibbeh, Spinach Fatayer, Sheesh Barak, and Lamb Kofta, all dishes which live by the ultimate spirit of Ramadan. It’s a special venue with mesmerising views of the Dubai Creek.

Finding the Right Ramadan Tent

Luxury Ramadan Tents of 2025 















Tent Name Location Description
Layali Ramadan Tent Kempinski Hotel & Residences, Palm Jumeirah Offering over 100 Arabic and international cuisines, including delicious mezze and the renowned lamb ouzi. The menu also features a variety of Arabic desserts and freshly brewed Arabic coffee. It’s the perfect setting for those who want to enjoy their meal indoors or under the stars in a fancy atmosphere.
Hikayat Ramadan Garden Tent Palazzo Versace Dubai at Al Jaddaf Waterfront
This is a beautiful natural spot to enjoy your suhoor, surrounded by palm trees and offering amazing water views of Dubai Creek. Make the most of your suhoor experience with our à la carte menu featuring a variety of local and international cuisine.
Emirates Golf Club’s Royal Majlis Tent
Al Thanyah Third, Dubai Emirates Golf Club offers a special Iftar menu inspired by the diverse flavors of West Asia and North Africa. If you’re looking for an ambient traditional Arabian night to celebrate your fasting, this is the place for you. The moment you step in, you can feel the warm and welcoming atmosphere, enhanced by the scent of sweet incense and glowing lanterns.
Asateer Tent at Atlantis, The Palm Atlantis, The Palm
Gather your family and friends at a place adorned with glittering lights, vibrant oriental entertainment, themed Iftar nights, and traditional delicacies. The iconic Asateer Tent offers special Suhoor and Iftar menus, featuring a carefully curated selection of Ramadan favorites. These meals are accompanied by water, Ramadan juices, soft drinks, and tea or coffee


Al Majlis Tent at Madinat Jumeirah Madinat Jumeirah
Madinat Jumeirah provides a luxurious setting ideal for celebrating Ramadan. The Arabian tents offer a wide variety of traditional iftar and suhoor dishes. For a more intimate dining experience, exclusive private majlis seating is also available..

Remember this blog is not responsible for any changes or additional information provided. For details, you can individually refer to and contact these tent hosts directly to get precise details on price, type of seating, and timings.

How to Make the Most of Your Ramadan Tent Experience?

The Ramadan Tent in Dubai is your opportunity to sit back and celebrate the holy spirit of Ramadan. It’s dedicated to both Muslims and non-Muslims, with many Dubai rental tents themed and customized to accommodate diverse tastes and cultures.

So, the best way to make the most out of your Ramadan experience is to plan out your iftar or suhoor idea in advance and decide what type of tent meets your needs.

Best Majlis for Ramadan Evenings

Here are a few things to consider before selecting a Ramadan tent :

1. Make sure to decide your menu: Luckily, Dubai’s Ramadan food options are unlimited. You can either go for a traditional Arabian iftar and suhoor or find other menus featuring international or specific local cuisines. There are also healthy and rather simple options for iftar and suhoor for health-conscious people.

2. Decide your ambience: Do you like an intimate indoor experience like the Al Majlis Tent at Madinat Jumeirah, or do you like the views of nature, like the Hikayat Ramadan Garden Tent? Decide what sets the mood for you.

3. Ensure spacing: Make sure you find tents that give you space to breathe and accommodate your family and friends. Make note of everything including air conditioning, better seating and dining/food arrangements, etc., and confirm the conditions beforehand through research or contacting authorities directly.

4. Plan your budget: Sometimes, premium iftar and suhoor buffet options may not be realistic for everyone’s budget. Plan your finances to see what works best for you, or be sure of what you need to spend for a luxurious suhoor or iftar experience. 

Conclusion

There’s no doubt that Dubai is a hub showcasing some of the best Ramadan tents. As an Islamic country, it gracefully hosts such diverse and Cultural Ramadan Gatherings, allowing locals and visitors to experience the spirit of this holy month alike.

With an appreciation for Ramadan and its significance, AZCO has all the information you need to stay updated this Ramadan and for upcoming special days. Check out our website to stay informed about Dubai’s special events and other important details.

Frequently Asked questions

1. What is an iftar meal?

Iftar is the meal that Muslims eat after completing their fast. It is a gathering celebrated in the evening with friends and family, typically occurring at sunset after a day of fasting from dawn to dusk.

2. What is the difference between iftar and suhoor?

Muslims do not eat or drink anything during daylight hours in Ramadan. They have one meal called ‘suhoor’ or ‘sehri’ just before dawn, and Iftar is the meal they have after the fasting hours during the day.

3. What is Iftar tent in Dubai like? 

An Iftar tent in Dubai is prominent during Ramadan. They are usually set up in places like hotels, resorts, or desert camps. It’s where people come together for a heavy buffet after fasting. These tents offer a warm and festive ambiance and are open to both Muslims and non-Muslims.

Why Dubai’s Real Estate is a Safe Bet for Global Investors

By admin,

Dubai has been a land of opportunity, set ablaze before global investors through its futuristic skyline, world-class infrastructure, and strategic location. Over the last couple of decades, the city has not only been transformed from its early desert outpost status to a global business hub but also into a cosmopolitan region that attracts people from all over the world. All that remains to be a thing for prospective investors to ponder is the safety of their investment in Dubai real estate. Allow me to get into some of the reasons for this to be a safe market, and at the same time a market with potential dynamics.

Dubai’s Economic Foundation

Dubai is seen as a safe investment due to its strong economic foundation. Unlike other Gulf states, it isn’t reliant on oil, having diversified into tourism, real estate, finance, and trade. Events like Expo 2020 showcased its ability to attract foreign investments, even during global financial uncertainty. Government measures, including tax breaks and freehold property laws, further boost investor confidence, making real estate a low-risk option for international buyers.

A key factor in Dubai’s real estate appeal is its strict regulatory framework. The Real Estate Regulatory Authority (RERA) promotes transparency and safeguards investor rights with clear rules for developers, buyers, and sellers, reducing transaction risks. RERA also requires developers to place investor payments in escrow accounts, ensuring funds are used only for specific projects, preventing delays and financial mismanagement, and boosting investor confidence.

Dubai’s real estate market, like any global city, has experienced fluctuations. However, current trends show stability and growth. Property prices have risen steadily in recent years, driven by demand for luxury apartments, villas, and commercial properties. Although the market is still recovering from the COVID-19 pandemic, positive growth indicators and careful management of property supply keep demand high. This stability makes it an ideal time for investment, with property values expected to increase in the coming years.

Dubai offers some of the highest rental yields in the world, with areas like Downtown Dubai, Dubai Marina, and Palm Jumeirah reaching 7-8%, higher than cities like London or New York. This makes Dubai an attractive option for investors seeking steady passive income. With a growing influx of expatriates for business and tourism, demand for rental properties remains strong, ensuring a consistent flow of potential tenants.

Risks and Considerations

Despite the benefits, real estate investments in Dubai should be approached with caution. Investors must be aware of market fluctuations and conduct thorough research before purchasing. While the regulatory environment is strong, choosing reputable developers and agents is crucial. Currency exchange rates, especially for foreign investors, can significantly impact returns. Monitoring the UAE Dirham’s performance against currencies like the US Dollar or Euro can help optimize investment opportunities.

Conclusion 

Dubai property investment safe? Yes, to a very large extent. Dubai’s strong economic fundamentals, sound legal environment, and high rental yields have put it very high on the list of attractive destinations to invest in. However, like investing in any other place, there needs to be great care in due diligence while closely working with professionals in the field for the analysis of market trends. This will enable an investor to reduce risks and gain from long-term growth in this exciting dynamic market.

Ready to invest in Dubai’s future? Contact AZCO Real Estate today to explore luxury properties and prime investment opportunities tailored just for you.

Why Dubai’s Real Estate is a Safe Bet for Global Investors

By admin,

Dubai has been a land of opportunity, set ablaze before global investors through its futuristic skyline, world-class infrastructure, and strategic location. Over the last couple of decades, the city has not only been transformed from its early desert outpost status to a global business hub but also into a cosmopolitan region that attracts people from all over the world. All that remains to be a thing for prospective investors to ponder is the safety of their investment in Dubai real estate. Allow me to get into some of the reasons for this to be a safe market, and at the same time a market with potential dynamics.

Dubai’s Economic Foundation

Dubai is seen as a safe investment due to its strong economic foundation. Unlike other Gulf states, it isn’t reliant on oil, having diversified into tourism, real estate, finance, and trade. Events like Expo 2020 showcased its ability to attract foreign investments, even during global financial uncertainty. Government measures, including tax breaks and freehold property laws, further boost investor confidence, making real estate a low-risk option for international buyers.

A key factor in Dubai’s real estate appeal is its strict regulatory framework. The Real Estate Regulatory Authority (RERA) promotes transparency and safeguards investor rights with clear rules for developers, buyers, and sellers, reducing transaction risks. RERA also requires developers to place investor payments in escrow accounts, ensuring funds are used only for specific projects, preventing delays and financial mismanagement, and boosting investor confidence.

Dubai’s real estate market, like any global city, has experienced fluctuations. However, current trends show stability and growth. Property prices have risen steadily in recent years, driven by demand for luxury apartments, villas, and commercial properties. Although the market is still recovering from the COVID-19 pandemic, positive growth indicators and careful management of property supply keep demand high. This stability makes it an ideal time for investment, with property values expected to increase in the coming years.

Dubai offers some of the highest rental yields in the world, with areas like Downtown Dubai, Dubai Marina, and Palm Jumeirah reaching 7-8%, higher than cities like London or New York. This makes Dubai an attractive option for investors seeking steady passive income. With a growing influx of expatriates for business and tourism, demand for rental properties remains strong, ensuring a consistent flow of potential tenants.

Risks and Considerations

Despite the benefits, real estate investments in Dubai should be approached with caution. Investors must be aware of market fluctuations and conduct thorough research before purchasing. While the regulatory environment is strong, choosing reputable developers and agents is crucial. Currency exchange rates, especially for foreign investors, can significantly impact returns. Monitoring the UAE Dirham’s performance against currencies like the US Dollar or Euro can help optimize investment opportunities.

Conclusion 

Dubai property investment safe? Yes, to a very large extent. Dubai’s strong economic fundamentals, sound legal environment, and high rental yields have put it very high on the list of attractive destinations to invest in. However, like investing in any other place, there needs to be great care in due diligence while closely working with professionals in the field for the analysis of market trends. This will enable an investor to reduce risks and gain from long-term growth in this exciting dynamic market.

Ready to invest in Dubai’s future? Contact AZCO Real Estate today to explore luxury properties and prime investment opportunities tailored just for you.

Dubai’s Real Estate Market: A Ramadan Recovery

By admin,

Dubai has been the home to countless real estate enthusiasts, boasting shimmering skyscrapers, golden sands, and limitless ambition. But what happens when the peace of Ramadan confronts the business world that is full of property transactions? Well brace yourself because we’re going to discuss this intriguing intersection.

The Myth Unveiled

For years, there was a story that went around the sunlit streets of Dubai: ‘Real estate activity slows down during Ramadan.’ Stop right there with your dates and baklava; it’s just not true. From industry insiders who know this, there is no stop in recovery for Dubai real estate market in this holy month.

Here goes:

  1. The Trapped Demand – Think about this—masked faces, prayer beads, and a yearning for normalcy. The pandemic-induced movement restrictions implemented globally have made buyers hold back their purchases. As residents remain grounded within UAE due to travel restrictions, their focus turns to local investments. Property inquiries and transactions are catalyzed by Ramadan.
  • The Summer Perception – Over the past few years, Ramadan has coincided with the scorching summer months. While the mercury climbs up, so does the feeling that things are slowing down. However, in truth, the market is alive with activity. It’s like a hidden dance – soft but strong.

The Pandemic Effect

Dubai’s real estate journey has been a rollercoaster. An excess of property and dwindling demand have seen prices fall over 35% since their peak seven years ago. Then along came the pandemic casting its shadow around us. Dubai, however, is resilient, rising like a phoenix from the desert sands.

  • According to Hussain Sajwani, chairman of Damac, it will take 2 years for Covid-19 impact on market to recover fully.
  • S&P Global Ratings analyst Sapna Jagtiani expects a market bottoming near future.

Ramadan: A Transaction Spike

Last year Ramadan was different from most of them. The grip tightened in lockdowns and there were prayers in Dubai streets as an echo. But reality defied our assumptions when it came to the real estate sector in Dubai. Transactions increased by 211% compared to 2020 and 57% if compared to 2019. Taimur Khan, Knight Frank Middle East associate partner believes this year will see another crescendo. Covid-19 related lockdowns’ duration coupled with strictness fueled demand for properties.

Dubai’s Resilience

The success of Dubai in navigating the risk of Covid-19 has been its ace in sleeve. The city remains open, connected and somehow safe. This is a feeling that draws investors and end-users as well. In the UAE, the buying managers’ index shows non-oil sector activities humming.

The Numbers Speak

Despite the pandemic choking Dubai real estate investment stood at $3.8 billion by February 2021. New buyers comprised 62% of the total number. And secrets that only Ramadan can tell are whispered by its market, while desert skyline gleams with hope. In Dubai’s heart where minarets touch the sky and dreams have their addresses; it thrives even during sacred nights of Ramadan. Thus, as the crescent moon lights up the skyline let us toast to resilience, recovery and magic woven into every transaction we make, chai cups held high.

Dubai’s Golden Visa Program Update

By admin,

Exciting news has emerged for global investors seeking the golden visa in Dubai. The UAE government has made a significant change to the golden visa program, eliminating the AED 1 million minimum down payment requirement for qualifying through real estate investments.

Previously, investors had to pay at least 50% of the property value to the bank when purchasing properties through mortgages or instalment plans to be eligible for the golden visa. This financial hurdle often deterred many potential investors.

The game-changing update introduced this year has revolutionized the program. Investors can now secure a golden visa for properties valued at 2 million, regardless of their status (off-plan, mortgaged, non-mortgaged, or completed). This means that investors can initiate the golden visa process immediately after paying only the booking amount for off-plan properties.

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