News about Dubai: life, culture, real estate and economy

Eid al-Fitr has begun in the UAE. Metropolitan Premium Properties sincerely congratulates all Muslims on the beginning of the bright holiday.

Our team congratulates every Muslim on the beginning of the Holy Month of Ramadan. May Allah bless you and your loved ones.

Emiratis to begin celebrating Ramadan on March 11. During this holy month, Muslims abstain from worldly pleasures and strengthen their connection with Allah.

The largest transaction was the purchase of a land plot in Al Barsha South Second in the amount of AED 210M (USD 57.2M). The most expensive residence, located in Nad Al Sheba First, was sold for AED 177M (USD 48.2M).

According to experts, the Dubai real estate market will change in 2024. An increase in the number of available properties, diversification and the integration of new technologies are expected.

The largest transaction was the purchase of a land plot on Palm Jumeirah to the amount of AED 940M (USD 256M). The most expensive residence on the island was also sold for AED 500M (USD 136.1M)

Experts believe that in 2024 the volume of transactions involving luxury real estate will increase. The role of artificial intelligence and blockchain in the sale and purchase of housing will be strengthened in the market.

In November 2023, the amount of transactions amounted to AED 42B (USD 11.4B). Buyers prefer one-bedroom apartments in ready-made complexes.

On Saturday, December 2nd, Emiratis will enjoy colorful parades and fireworks in honour of National Day. The team at Metropolitan Premium Properties congratulates the residents of the UAE on the upcoming holiday.

Property values and sales volumes have reached a 10-year high. DAMAC Hills, Dubai Hills Estate and Palm Jumeirah are leading the way in the ranking of villa purchases.

International Modern Hospital is increasing the number of services offered and intends to serve twice as many people. The impetus for this development was the rapid growth of the emirate's population.

On Friday, November 3rd, the Arab people in the UAE celebrated a national holiday, the country's Flag Day. People hung flags outside their homes and sang the national anthem.

Rental prices have decreased during the third quarter of 2023, as a result of an increase in the number of real estate rental transactions. In some elite areas of Dubai, rents have fallen in price by more than 20%.

The resolution of rental disputes in Dubai will be under the control of metaverse technology. The RDC presents innovative projects that will help the emirate's judicial system.

Citizens of Russia and China have increased the volume of investments in luxury real estate in Dubai. The number of transactions of buyers from the two countries has increased by 43% since the beginning of 2023.