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Comprising 63 luxury residences, the new Regent Residences Dubai will be worth an estimated $1 billion upon its completion in 2027. The 35,000-square-foot penthouse features six bedrooms, a gym ...
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
2009 Dubai housing crash was a major economic crisis that hit the Emirate of Dubai, one of the seven emirates that make up the United Arab Emirates (UAE). The crisis was sparked by the 2007–2008 financial crisis, which severely impacted Dubai's economy, particularly its real estate sector. [1]
A 2022 study by economists who had access to leaked Dubai real estate data on 800,000 properties found at least $146 billion in foreign wealth invested in the Dubai property market, which is twice as much as all the real estate held in the United Kingdom by foreigners through shell companies.
Dubai has been described as "one of the most opaque financial hubs in the world", and one of the most popular destinations for illicit money. [1] According to Brussels Times, the leak revealed "a huge black hole in international anti-money laundering efforts centered [sic] around the Dubai real estate market". [4]
The Real Estate Regulatory Agency (RERA; Arabic: مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai.
Luke Smith, a luxury real estate agent, started drinking more to celebrate his success and make contacts in Dubai. He rarely drinks now but that hasn't stopped him from going to work events.
Dubai International city is a country-themed architecture of residences, businesses, and tourist attractions. [21] 5 Dubai Exhibition City: On hold: AED 8 billion: 280,000 m2: Dubai Exhibition City upon completion will home to the world's longest single column-free exhibition hall. [22] 6 Dubai Meydan City: Partially complete: AED 8 billion ...