From buying or selling a property to discovering Dubai's key areas and investments, the Diamond City Real Estate guides are packed with essential information and key market insights..
In a recent update, Dubai's Golden Visa requirements for property buyers have undergone a significant revision, making it more accessible for investors. The previous mandatory minimum down payment of Dh1 million has been eliminated, allowing greater flexibility for potential residents.
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Developers in Dubai offer a 1% payment plan to increase the number of buyers and investors interested in their projects. They normally partner with a bank or a financial institution that funds buying.
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The real estate market in Dubai experienced significant growth in January 2024, with record-breaking sales reaching Dh35.4 billion. This surge represents a 27% increase compared to January 2023, showcasing a consistent upward trend in recent years.
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Dubai's residential real estate sector is undergoing a notable shift towards a seller's market, driven by the substantial gains witnessed over the last three years. However, industry insiders are now observing indications of a potential slowdown in the property price rally.
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