News

DAMAC Properties has announced the launch of Safa ONE de GRISOGONO – a brand new, one of its unique kind twin-tower development. Safa One – The Nature of Luxury is an opulent, ultra-luxury and designer apartment project, designed by the Swiss jeweller De GRISOGONO. Project concept The architectural design of the project replicated a masterpiece necklace – created by Fawaz Gruosi, the founder of...

The World’s First Louvre Residences In Abu Dhabi. Louvre Residences is coming to the UAE. Yes! The world’s first Louvre-branded residences are planned to be developed in Abu Dhabi, UAE. Aldar Properties, UAE’s leading developer, has announced a partnership with Louvre Abu Dhabi to launch The World’s First Louver Residences In Abu Dhabi on Saadiyat Island.   Development...

Dubai’s state-owned water and power supply company DEWA will be listed soon on the Dubai Financial Market – in April 2022. It will be the first out of ten government-owned commercial entities that will list on the Dubai Financial Market, in the near term. What will DEWA offer? Dubai Electricity and Water Authority (DEWA) has planned to sell a 6.5% stake of the company by offering 3.25 billion...

Russia’s invasion of Ukraine has left almost everyone in shock across the globe. As the conflict escalates, things are becoming serious because the war in any part of the world impacts almost every region. Investors from every asset class and every country are concerned about tomorrow, as not just stocks are tumbling but the market is also dipping. The aftermath of war Before we start doing the...

Virtual currency or cryptocurrency has taken the financial world by storm. People are buying goods and services using cryptocurrencies. However, the UAE has taken a major step and has become the first country to introduce the option to sell/buy properties there using Bitcoin and other authentic virtual currencies. Despite being a smart and stable payment method, virtual currencies are more prone to risks,...

Tech giant Meta, formerly known as Facebook, has opened its regional headquarters in Dubai Internet City. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, inaugurated the office. Sheryl Sandberg, Chief Operating Officer of Meta was present during the inaugural ceremony. The launch of Meta’s new office in Dubai indicates that global...

With a positive reputation, premium lifestyle facilities, strong infrastructure, higher returns on investment, and stable economic growth, Dubai poses to be the best place to invest in the real estate sector. In the wake of ongoing war-induced turbulence and uncertainty caused by the COVID-19-led pandemic, an unprecedented demand for alternative residence and citizenship has been recorded amongst global...

Finding a suitable property in Dubai for investment or living purposes is neither difficult nor tough, but the property registration step was stressful. The Dubai Land Department (DLD) has simplified the procedure to complete real estate registration process in record time – to attract more investors to Dubai real estate. It has not just made the property buying and selling process swift but made Dubai...

If you live in Dubai, you must have heard about Sheikh Zayed Housing Programme. Or is it that you know nothing about this but want to learn more?   Sheikh Zayed Housing Programme Sheikh Zayed Housing Programme is a government programme that works on providing housing assistance to the UAE national citizens, who cannot afford a suitable home. It was established in 1999 and is designed to...

The UAE defied all the rules of the global pandemic and its economy bounced back faster than several other developed countries. A successful COVID-19 vaccine rollout and strict precautionary measures have left the world in awe. Dubai real estate sector also proved to be resilient and got back on its track within a year and the number of transactions recorded in 2021 will testify to the statement. 2021...