Dubai Weekly Property News Round Up – 10.06.23

Hello,

I hope you have had a great week. Recently, we have been receiving a lot of enquiries from investors interested in family-friendly locations ideal for holiday lets.

Our latest development in the popular community of Jumeirah Village Triangle is the perfect option for a short-let investment, with state-of-the-art amenities and elegant apartments overlooking picturesque landscaped gardens.

If you are interested in earning 8-10% ROI with a Dubai property investment, reply to this article today.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.

Episode 62: Will the New Renters Reform Bill Empower Tenants or Tip the Scales?

– The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

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Property Headlines This Week

  • How Will New Dubai Casino Impact the Real Estate Market? – Dubai is set to unveil a brand new casino, sparking an enthusiastic response from wealthy real estate investors in China and Hong Kong. The proposal aligns perfectly with Dubai’s image as a global hub for luxury and entertainment. Investors see it as a prime opportunity, promising strong returns on investment. Their positive sentiment reflects a belief in the potent blend of Dubai’s allure for tourists and gaming’s universal appeal. The casino is expected to provide a significant boost to the local economy, further solidifying Dubai’s standing in the international hospitality and entertainment sectors.

 

  • A Look at How ‘Destination Cities’ Are Changing the Market – The Palm Jebel Ali project in Dubai, initially halted in 2008 due to financial concerns, has been resumed, eliciting a wave of anticipation from investors and city planners. The large-scale luxury project is expected to redefine development opportunities and reshape the market for ultra-high-net-worth properties. The project is attracting investors, influencing pricing on Palm Jumeirah, and boosting redevelopment and refurbishment efforts in the area. The Palm Jebel Ali forms part of the Dubai Urban Plan 2040 and is anticipated to positively affect surrounding areas.

 

  • Dubai Explores New Ways for People to Invest ‘Millenial-Style’ – Dubai is transforming the investment world with innovative opportunities catering to the demands of new generations. Powered by tech-savvy millennials, the city is blending financial growth with luxury and lifestyle. Companies like Royal Yachts offer co-ownership programs, while Stake provides fractional real estate investment options, accessible through an app. ESG considerations are paramount, with 80% of UAE real estate investors prioritizing sustainability. Millennials and Gen Z’s commitment to reducing their environmental impact is fueling the demand for sustainable residential real estate.


That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

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