Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Rent apartment dubai

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UAE Property: ‘Can my landlord use updated DLD rent index to increase my rent?’

The National 13 Jun 2024
I live in a middle-income community in Dubai, where rents are not very high ... I am worried that at my next renewal, my landlord will use the readjusted Dubai Land Department rental index to increase my rent ... or the landlord? MM, Dubai ... I rent an apartment in an old building in Dubai....
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Rare Penthouse Unit in Dubai Hills Estate Listed by LuxuryProperty.com

GetNews 10 Jun 2024
It’s rare for an apartment in Dubai Hills Estate to be available for sale and penthouses are even rarer ... In recent months, there has been a surge in demand for apartments in Dubai, primarily driven by significant price increases for villas ... to seek out apartments as well....
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Dubai realty hits all time peak in May

Khaleejtimes 06 Jun 2024
Top areas searched to rent apartments included Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay and Jumeirah Lake Towers. Jumeirah, Dubai Hills Estate, Damac Hills 2, Umm Suqeim and Al Barsha were popular among those looking to rent villas/townhouses....
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Dubai real estate: Rents for villas and apartments increasing after totalling $10bn last year, average ...

Arabian Business 03 Jun 2024
Dubai rents are on course to reach record levels this year as average prices for villas, townhouses and apartments increase .......
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Dubai: Is it illegal for kids to play in the common areas of apartments?

Khaleejtimes 02 Jun 2024
We stay in a multi-storied apartment in Dubai, with no parks or open spaces nearby ... of the floor in your building apartment ... Can a buyer sue developer for delayed handover, claim rents paid during the delay? Dubai. Are tenants responsible for maintaining rented apartments? Dubai....
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Dubai: Three developers fined Dh500,000 each for violating real estate law

Khaleejtimes 02 Jun 2024
Three developers in Dubai have been fined Dh500,000 each for promoting and marketing real estate projects without completing the mandatory registration procedures for off-plan projects ... They can check this through the DLD’s Dubai REST application ... Dubai ... Dubai....
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Renting a home in Dubai: How much is the security deposit?

Gulf News 28 May 2024
If you are about to rent an apartment or villa in Dubai, how much of a security deposit will you be required to pay? ... The industry standard is five per cent of the annual rent for unfurnished units and 10 per cent for furnished apartments, although this can change by mutual agreement between the landlord and tenant....
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Dubai: Can a buyer sue developer for delayed handover, claim rents paid during the delay?

Khaleejtimes 26 May 2024
Based on the aforementioned provisions of law, as there is a delay by your developer in handing over the apartment to you, which has also caused additional financial expense to you by way of residing in a rented apartment in Dubai for another year, you may initially approach the ......
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Why are Dubai tenants opting to renew leases rather than sign new contracts?

The National 25 May 2024
Over this period, average apartment and villa rents grew by 22.1 per cent and 14.5 per cent, the report found. As of March, the average apartment and villa asking rent stood at Dh123,429 and Dh344,658, it said ... Dubai tenants face higher rents after Rera calculator reset....
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Renew or relocate? Many Dubai tenants face tough choices amid Rental Index changes

Gulf News 24 May 2024
Dubai. The coming weeks will be decisive for many tenants in Dubai as they have to decide whether to renew their lease or opt for a brand new rental option ... Q1-24 Dubai rental trends ... Across Dubai, rent increases continue to average in the double-digits at in-demand locations....
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How much should you earn to buy a Dubai property worth $1 million?

The National 23 May 2024
Krzysztof Lewandowski, a Polish national, recently bought an apartment in the Emaar Beachfront project in Dubai for Dh4.2 million ($1.14 million) ... He purchased his first property in Dubai, also in Emaar Beachfront, seven years ago and also owns an apartment each in Dubai Creek Harbour and Jumeirah Lakes Towers....

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