Amira Sajwani, general manager of sales and development at Damac Group, predicts that a rise in foreign investment will result from the new law encouraging property investment funds.
The Nshama project has a high demand and sold out in three hours.
In terms of volume and value of real estate sales, May 2022 in Dubai saw a total of 6,651 transactions worth AED 18.3 billion (USD 4.98 billion), making it the best May in 13 years.
In May 2022, Dubai's property sector recorded a total of 6,651 transactions worth AED 18.3 billion (USD 4.98 billion), making it the best May in 13 years in terms of real estate sales volume and value.
The venture capital fund will start in June 2022 and last for eight years, with a two-year extension option. More than 8,000 jobs for newcomers are expected to be created.
Dubai has created an ideal environment for digital nomads in terms of quality of life, experience, and infrastructure, in addition to attractive remote working visa options.
The Bulgari Resort and Residences transaction shows that the luxury segment of Dubai's real estate market is outperforming all others, with prices continuing to rise.
The partnership between Nakheel and Hayvn solidifies Dubai's position as a global cryptocurrency hub, following the Dubai government's decision to provide virtual asset licenses under its new VARA authority.
The move will change the future of real estate and make it easier for investors all over the world.
According to Zoom Property Insights, the market is seeing a surge in Russian and Ukrainian buyers.