Dubai’s office market continued to witness limited demand in the first quarter of 2019, this has meant that pressure on offices rents in Dubai has been sustained over this time period, leading to further softening in the market.
For Dubai the tourism market has historically been a strategically important sector. In 2017 it is estimated that the sector contributed over AED150bn to GDP (4.6% of GDP), and provided almost 570,000 jobs (4.8% of total employment).
The designer home school of thought is getting louder. Big name bedsheets, logo-embossed carpets and 24-hour, five-star hotel services - luxury labels are moving into the world of branded real estate with the super rich snapping up designer homes that deliver unbridled luxury on-tap.
With the new UAE regulations, real estate investors can receive a five-year residence visa when they purchase a property worth over Dh5 million (for both secondary and new properties over Dh5 million and Dh10 million).