Firstly you may ask, what is the secondary market in real estate? Let me explain, this is where lenders and investors buy and sell existing mortgages or mortgage-backed securities. This frees up money for additional mortgage lending. So, you can think of the secondary market as the “resale marketplace” of loans. In real estate sales, there is a broad classification based on who the seller is. If...
Dubai has always been one of the most popular destinations for investing overseas. Chinese investors, who are traditionally keen on the US property market, are now turning their sights towards the world’s highest ROI market. The momentum from last year, when Dubai recorded 84,196 transactions, which were worth a whopping AED300 billion, is continuing well into this calendar year. Chinese investment...
As per CBRE's newest research, overall transaction volumes in Dubai's residential market increased by 33% to 5,542 in May 2022. Dubai’s residential sales hit a 13-year high in May, mostly driven by new developments, according to the latest market data. The residential transactions in the first five months of the year totalled 30,903 homes, the most since 2009. That number was 33% higher compared to...
Crypto, Bitcoin, Ethereum, these terms have been doing the rounds across the globe in the recent past. These are all forms of crypto currencies. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” Though some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible....
The year 2021 will be remembered as a watershed moment in the Dubai real estate market. It not only recovered, but also set new records thanks to foreign investors, low-interest rates, and strong demand. In 2021, the Dubai Land Department saw a staggering 71% increase in total transactions compared to 2020, shattering a 12-year record. We are delighted & grateful to our customers to announce that...
Since January 2017, Dubai has seen the largest amount of secondary/ready sales in a single month. The market is moving at an extraordinary pace, which is expect to continue in the near future, with prices stabilising before the end of the year. Expo 2020 has a very favourable impact on Dubai's real estate market. The sheer number of people attracted by the Expo piqued the interest of businesses and...
The Golden Visa were first introduced in the UAE in 2019. The implementation of this new system for long-term residence visas enabled foreigners to live, work and study in the UAE without the need of a national sponsor and with 100% ownership of their business on the UAE’s mainland. These visas are issued for 5 or 10 years and renewed automatically. Today, it has become significantly easier for real...
Dubai has adopted the first law of its kind in the emirates that regulate virtual assets. They established an independent body to oversee the development of the world's best business environment for virtual assets, both in terms of regulation, licensing and governance, and in line with local and global financial systems. "The future belongs to those who design it” - through the Virtual Assets Act, Dubai...
The COVID-19 pandemic had suddenly and deeply changed our lives as we knew it, in a way comparable with the most traumatic events in history. Nearly two years after the world’s biggest lockdown, life seems to be getting back to normal as infection rates fall. Dubai experienced a severe blockade in 2020 owing to the global outbreak of Covid-19, the devastating effect it had on travel, trade and...
The real estate sector in United Arab Emirates, one of the major economic sectors that effectively contributes to the economic growth, has recovered strongly from a pandemic slowdown amid business, social reforms and government stimulus. The value of real estate transactions in Dubai more than doubled in 2021 and supported by demand in the secondary real estate market, set a 12-year record in real estate...