Ithra Dubai, a real estate developer and asset manager owned by the Investment Corporation of Dubai, announced on Ithra Dubai, a real estate developer and asset manager owned by the Investment Corporation of Dubai, announced on Tuesday that final construction work is underway at the One Za'abeel development, which is set to open in 2023 The company completed the full glass cladding of the three towers -...
As part of its new strategic plan, Dubai Land Department (DLD) has unveiled its vision for the next decade, defining its characteristics and landmarks. During the next phase, the department's strategic plan will be designed by employees, partners, and customers. DLD will begin by launching quick-gain initiatives to adapt to the proposed changes. By empowering the real estate sector and the DLD, and...
Dubai-based private developer Danube Properties has announced that its latest project, Elitz, has sold out at launch, demonstrating strong demand for affordable housing in the emirate. The project, which will be located on a 36,930 square foot plot at Jumeirah Village Circle and have a built-up area of 695,000 square feet, will consist of 203 one-BR apartments, 65 two-BR flats, 13 three-BR flats, 268...
Rental prices in Dubai are expected to continue rising in 2023, particularly in high-demand, prime areas where supply is limited, while more affordable areas may see moderate increases. Rents in the city have been on a downward trend since 2014, but have started to recover due to the return of foreign workers and an influx of high-net-worth individuals to the market following the COVID-19...
The "Your house, your duty" campaign was introduced by Abu Dhabi's Department of Municipalities and Transport (DMT) on Thursday in an effort to reduce domestic overcrowding. Violators may be penalized up to Dh1 million as part of the inspection campaigns, which will start in the first quarter of 2023. In accordance with Law No. 8 of 2019, a residential unit is judged to be overcrowded if it is occupied...
