Dubai Weekly Property News Round Up – 17.06.23

Hello,

I hope you are well. This week we have been discussing the movement of Dubai high-end developments toward biodiverse surroundings, wellness amenities and eco-friendly design features over the past decade.

In line with the public’s better understanding of human impact on the planet, the UAE has taken giant strides to offer developments that blend luxury and space with sustainable living and natural beauty.

If you are keen to find out more about these developments and the work they do, 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 63: A Pulse Check on the UK’s Property Market Rollercoaster!

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

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Property Headlines This Week

  • .Entrepreneurs Choose Dubai As the Most Favourable Destination –
    Forbes highlights Dubai as a thriving hub for global entrepreneurs due to its strategic location, agreeable climate, and trade policies. The city offers tax advantages and flexible labour regulations, creating a conducive environment for businesses. The 9% corporate tax rate on income over Dhs375,000 ($102,000) aids in supporting small businesses. Free zones provide foreign investors with numerous incentives, including 100% ownership, tax exemptions, and simplified procedures. Overall, the city’s forward-thinking initiatives present unique opportunities for entrepreneurs to establish themselves as industry leaders.

 

  • Sobha Realty Anticipates Sales of Dh18 Billion This Year – UAE real estate developer, Sobha Realty, projects Dh16-18 billion in sales this year, nearly double last year’s Dh9 billion, propelled by robust demand from Russian and Indian British investors. Co-chairman Ravi Menon unveiled the Dh17 billion Sobha Hartland II project featuring a mix of apartments and villas with over 30% green spaces, aiming to redefine luxury waterfront living. Chinese and Iranians are also major property buyers. Boosted by the golden visa policies and foreign investment influx, Dubai’s real estate market is witnessing unprecedented demand.

 

  • Luxury Dubai Property Buyers Get Free Business Licence and Visa –
    Dubai developer, LUXHABITAT Sotheby’s International Realty, is offering a free DMCC business licence and residence visa to investors purchasing an apartment in the luxury SO/Uptown Dubai Residences. The AED60,000 ($16,300) licence grants access to DMCC’s infrastructure and services for a year, a coworking unit in the Uptown Business Centre, and a two-year residence visa. The tower, designed by Adrian Smith + Gordon Gill Architecture, offers 227 residences, a five-star hotel, and 46,000 sqm of office space.


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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