Dubai Real Estate News For Investors

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Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comDubai has unveiled its first flying taxi station, named Dubai International Vertiport (DXV), strategically located near Dubai International Airport (DXB). This marks a significant milestone in the emirate’s journey toward advanced urban air mobility, with operations set to commence in 2026.The General Civil Aviation Authority (GCAA) has approved the technical design of DXV, making it the first facility to comply with the UAE’s newly established Vertiport Regulations. The approval allows Skyports Infrastructure, in collaboration with Dubai’s Roads and Transport Authority (RTA) and Joby Aviation, to advance the project. .Spanning 3,100 square meters, DXV features a dedicated area for take-offs and landings, electric charging stations, and passenger amenities with advanced security protocols. The station is expected to handle 42,000 landings and serve 170,000 passengers annually, highlighting its critical role in Dubai’s air mobility network. The other 3 stations in the network will be located at Downtown Dubai, Dubai Marina, and Palm Jumeirah, creating a comprehensive infrastructure for flying taxis.As the project moves forward, Dubai continues to position itself as a leader in urban innovation. The integration of flying taxis is set to enhance connectivity, reduce congestion, and attract significant foreign investment, solidifying the UAE’s reputation as a hub for futuristic solutions.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/why-dubai-tenants-who-moved-to-other-emirates-are-set-to-return-in-2025

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/why-dubai-tenants-who-moved-to-other-emirates-are-set-to-return-in-2025Dubai Land Department (DLD) has launched the Smart Rental Index, an AI-driven tool providing fair and accurate rental valuations. Covering all residential areas, it includes key districts, special development zones, and free zones.Key FeaturesThe index integrates a star rating system (1 to 5 stars) for buildings, evaluating factors like amenities, maintenance, and facility management.It considers the technical and service-related aspects of properties, ensuring rental values reflect the quality and advantages of each building.Tenants and landlords can access the index on the DLD’s website.BenefitsThe index standardizes valuation criteria, providing clarity to tenants, landlords, and investors. This transparency can attract more foreign investment and simplify market navigation.Impacts on RentBuildings with higher ratings may see rent increases, as per Decree No. (34) of 2013.Rent hikes range from 0% to 20%, depending on the gap between current rents and the average market rate.Flexibility and UpdatesThe daily updates ensure data accuracy and reflect the latest trends, unlike the previous quarterly or annual updates.Old buildings can increase rents if upgraded to achieve higher ratings.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/why-dubai-tenants-who-moved-to-other-emirates-are-set-to-return-in-2025

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125In 2025, Dubai’s second-tier areas like Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT) , Arjan, and Sports City are set to draw residents from neighboring emirates.  The shift is driven by factors including traffic congestion, rising rents in these emirates, and Dubai’s growing supply of affordable rental options in newer developments. “Due to the increase in traffic amidst the growing population, motorists spend up to three to four hours a day while commuting between Dubai and emirates like Sharjah and Ajman during the weekdays.”The cost of renting in Dubai’s tier-2 areas is becoming comparable to neighboring emirates. With over 40,700 units delivered in 2024 and 120,000 under construction, Dubai’s rental market is expected to relax, offering tenants more choices and reducing the need for long commutes.Dubai’s world-class infrastructure, safety, and lifestyle amenities continue to draw residents. Its legal transparency allows global investors and tenants to navigate the market seamlessly, further enhancing the city’s appeal.Dubai’s real estate market remains robust, with transactions quadrupling compared to 2014 while prices have risen only 15-20% above the 2014 peak. This signals a healthy market with strong demand and sustainable growth.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125Dubai continues to attract global investors with its prime location, tax-free ownership, and innovative developments. As 2025 approaches, the market shows resilience despite global challenges, supported by foreign investments and government initiatives.Policies such as long-term visas, property law reforms, and tax incentives have boosted property transactions, attracting international buyers. The legacy of Expo 2020 has turned its infrastructure into thriving residential and commercial hubs, maintaining Dubai’s global appeal.The demand for sustainable and tech-enabled properties is rising. Projects like Dubai Sustainable City reflect this trend, making eco-friendly homes and smart technology desirable features for buyers.While risks like global economic shifts remain, Dubai’s diversification and infrastructure projects ensure market stability. New neighborhoods such as Dubai South and Al Furjan offer modern, affordable investment opportunities.Key areas like Downtown Dubai and Dubai Marina provide dependable rental yields, while the short-term rental market in tourist hotspots offers high returns. Long-term appreciation potential exists in emerging neighborhoods with competitive entry prices.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.forbes.com/councils/forbesbusinesscouncil/2024/12/13/dubai-real-estate-market-forecast-for-2025/#:~:text=Dubai%20Real%20Estate%20Market%20Projections%20For%202025&text=Demand%20for%20luxury%20and%20mid,opportunities%20for%20affordable%20housing%20investments

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comTrials for flying taxis in the UAE will commence in May 2025 in Al Ain, with full services targeted for January 1, 2026, according to Falcon Aviation Services CEO Ramandeep Oberoi. This initiative is in partnership with Archer Aviation, aiming to connect major UAE cities and reduce road congestion.Archer Aviation and Falcon Aviation are building state-of-the-art vertiports infrustructure at Atlantis, the Palm in Dubai, and Marina Mall in Abu Dhabi. These hubs will enable passengers to travel in Archer’s Midnight flying car, offering a 30-minute scenic ride between cities.Trials will test the aircraft in hot and dusty conditions. Initially, services will focus on connecting Abu Dhabi with Dubai, Ras Al Khaimah, and Al Ain. Flying taxis are expected to evolve from an experience to a necessary mode of transport.Negotiations for ticket prices are ongoing, with tentative fares of Dh1,000 between Abu Dhabi and Dubai, and Dh300 within a city. The aim is to keep costs reasonable, about twice the cost of traditional taxis.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/transport/uae-flying-taxi-trials-to-begin-in-al-ain-in-may-2025

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125Legal Protection Under the SPAPurchasers and developers are bound by a Sale Purchase Agreement (SPA), which governs terms such as the purchase price, completion date, and compensation for breaches. According to Article 246 (1) of the UAE Civil Transactions Law, all contracts must be implemented in good faith. If any SPA clause is breached, the affected party may claim compensation either as per the agreement or via court judgment under Article 295 of the law.Resolution Through Dubai Land Department (DLD)In case of disputes, purchasers can approach the Dubai Land Department (DLD) for mediation, as outlined in Article 14 of the Executive Council Resolution No. 6 of 2010. The DLD aims to preserve contractual relationships and may document amicable settlements, making them legally binding. If breaches by the developer are proven, the DLD may escalate the matter to competent authorities for further investigation (Article 13, Law No. 13 of 2008).Force Majeure ClausesDevelopers may cite force majeure—events beyond their control—to justify delays. This defense is recognized under Article 21 of Executive Council Resolution No. 6 of 2010, but it must be validated by a competent court.Steps for BuyersBuyers can either file a complaint with the DLD or directly approach a civil court for compensation. The court's decision will hinge on SPA provisions and the circumstances surrounding the delay.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/business/realty/dubai-what-are-the-property-buyers-rights-in-case-of-delayed-off-plan-project-handover

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comDubai's prime property locations, including Downtown, Palm Jumeirah, Marina, and Dubai Hills Estate, have witnessed single to double-digit quarterly price growth since the pandemic, driven by demand from millionaires and international investors. Villas saw a 23% year-on-year price increase, while apartments rose by 19% in Q3 2024, according to Industry experts.As record-high prices make central districts unaffordable, buyers are turning to suburban communities like Discovery Gardens, Jumeirah Lakes Towers, and Dubailand. These areas offer value-driven investment opportunities, attracting budget-conscious buyers and investors seeking alternatives.Developers are introducing aggressive payment plans, such as 80/20 or 75/25 structures, to cater to the rising demand for off-plan properties. While this boosts off-plan sales, it challenges lower-income families looking for larger homes. High demand has led to properties in desirable locations selling out within days or hours, fueled by competitive pricing, brand reputation, and attractive offerings.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/dubai-properties-record-prices-aggressive-payment-plans-pushing-buyers-from-prime-areas-to-outskir

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125Golden Visa holders in Dubai must renew health insurance annually for themselves and their dependents. This requirement stems from Law No. (11) of 2013 Concerning Health Insurance in the Emirate of Dubai, which mandates health insurance coverage for all residents, including Golden Visa holders.Sponsor's ObligationsAccording to Article 11 of the law:Sponsors must enroll individuals they sponsor in health insurance if not covered by an employer.Sponsors must bear the full cost of the insurance and cannot charge beneficiaries for it.Insurance must remain valid throughout the residence or visit period.Sponsors are responsible for emergency health services if a sponsored individual lacks coverage.A health insurance card must be provided to all insured persons.A valid health insurance policy is required for visa issuance or renewal.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/legal/dubai-is-it-mandatory-for-golden-visa-holders-to-renew-yearly-health-insurance

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has approved a Dh750-million budget for the next phase of the Dubai Research, Development, and Innovation Program. The initiative aims to position Dubai as a global leader in innovation and resilience by 2033, contributing Dh20 billion annually to GDP, creating 120,000 jobs, and supporting 600 startups. Key goals include increasing private sector R&D spending to 50% of investments and boosting the innovation sector’s GDP contribution to 2.5%.These initiatives reflect Dubai’s commitment to future-readiness, innovation, and sustainability, aligning with Sheikh Mohammed bin Rashid Al Maktoum's vision to establish Dubai as a global hub for excellence.Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/dubai-sheikh-hamdan-approves-dh750-million-budget-to-lure-top-talent-in-innovation-research

Send us a textWant to know more? Book your complimentary call:📆 https://alessandroderubertis.com/book-consultation/Archer Aviation, a California-based air taxi company, is set to launch its commercial operations in Abu Dhabi by late 2025.This marks a significant milestone in the UAE’s push toward innovative and efficient transportation.The company plans to offer inner-city travel starting at Dh300–Dh350, with routes to other emirates, including the high-demand Abu Dhabi-Dubai route, priced between Dh800–Dh1,500.The company’s Midnight eVTOL aircraft, capable of carrying four passengers and a pilot, offers fast and sustainable travel.For instance, a trip from Abu Dhabi to Dubai will take just 20–30 minutes, compared to an hour by car.Safety is a top priority for Archer, which is finalizing certifications to meet FAA and GCAA regulations.Other air taxi companies like Joby Aviation are also entering the UAE market, with plans to launch in Dubai by 2026.Both companies aim to integrate seamlessly into the UAE’s existing transport infrastructure through vertiports at strategic locations.Want to know more? Book your complimentary call:📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.thenationalnews.com/news/uae/2024/11/25/air-taxi-company-set-for-2025-abu-dhabi-launch-aims-to-be-uber-of-the-skies/SHARETWEET

Send us a textWant to know more? Book your call:📆 https://alessandroderubertis.com/book-consultation/Wynn Resorts has announced that 55% of its integrated gaming resort on Al Marjan Island in Ras Al Khaimah is complete.The main tower structure has reached the 26th floor, with walls extending to the 29th floor.The team is progressing at a rate of one floor per week, targeting completion of the structure by December 2025.Over the past 100 days, the resort has grown by 44 meters, with 9,100 construction workers and over 100 concrete trucks active daily.The resort will feature 1,542 luxurious rooms and suites, with 73% of the structure completed for guest rooms.Currently, 820 rooms are under interior development, including flooring, walls, ceilings, and essential services.Elevator and escalator installations have also commenced. The resort, located just 50 minutes from Dubai International Airport, is set to open in Q1 2027.Wynn Al Marjan Island promises a new standard of luxury in the region. It will include 22 high-end dining and entertainment venues, a nightclub , and a private beach club.A poolscape with tropical landscaping will cover 3.6 hectares.Guests can shop at a 15,000-square-meter luxury shopping promenade, relax at a five-star spa, and enjoy bespoke events at a 7,500-square-meter meeting center.Developed in partnership with Marjan and RAK Hospitality Holding, Wynn Al Marjan Island will be the first integrated gaming resort in the MENA region, creating an exciting new destination.Want to know more? Book your call:📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/business/wynn-resorts-rak-resort-now-55-complete

Send us a textWant to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comPaul Griffiths, CEO of Dubai Airports, envisions eight smaller airports within the upcoming Al Maktoum International Airport. This innovative concept aims to provide an intimate and efficient travel experience by sharing only the runways. He seeks to simplify the check-in process, allowing passengers to step out of their car or air taxi, board a train, and disembark directly at their gate.Speaking at the Skift Global Forum East, Griffiths shared plans for an “intimate concourse” where planes, lounges, shops, and restaurants are conveniently close. He envisions passengers arriving two hours early spending 98% of their time shopping and relaxing and only 2% on formalities. A new airport app has also been introduced, guiding passengers to their gates and highlighting nearby shops and services.Griffiths criticized outdated airport systems, calling for the removal of traditional processes like check-in and baggage tags. He proposed embedding unique barcodes into suitcases, eliminating the need for paper labels. His vision includes an airport with no stops, no passport control, and no security bottlenecks, allowing passengers to move seamlessly.Stressing the airport’s role as a country’s first impression, Griffiths aims to align Dubai’s cutting-edge airport experience with the city’s global reputation. He emphasized, “The moment people arrive at the airport, they form an impression of the country, and I take that responsibility seriously.”Want to know more? Book your complimentary call: 📆 https://alessandroderubertis.com/book-consultation/📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/dubai-airports-chief-wants-8-smaller-airports-at-al-maktoum-terminal-intimate-concourse

Send us a textWant to know more? Book your complimentary call: 📆 https://calendly.com/meetings_adr/call📞 +971553523125✉️ info@alessandroderubertis.comThe Ajman NuVentures Centre Free Zone (ANCFZ), UAE’s latest free zone, has already attracted 450+ companies in less than two months. It stands out by offering business licenses within 15 minutes and visas in 48 hours, a significant improvement compared to the typical process taking weeks. The free zone is entirely digital, enabling investors to complete applications and sign documents remotely, saving time and effort.For just Dh15,000 to Dh20,000, investors can establish a company and gain residency, making UAE one of the most attractive destinations globally. Positioned strategically near Europe, Africa, and the subcontinent, the UAE benefits from excellent connectivity through airlines like Emirates and flydubai, low taxation, and liberal regulations.ANCFZ caters to all services allowed under UAE law, including blockchain, AI, gaming, and other emerging technologies. The zone offers versatile office solutions such as coworking spaces, ensuring flexibility for businesses of all sizes. Investors enjoy low-cost packages, with licenses for 10 activities at Dh10,800, which includes a 10% discount for upfront payments.ANCFZ also facilitates bank account setups within 7-10 days, addressing one of the biggest challenges for startups. This efficiency, coupled with affordable pricing, makes it a prime choice for entrepreneurs looking to thrive in a dynamic, innovation-driven economy.Focus Key PhraseAjman NuVentures Free ZoneSEO TitleUAE’s New Ajman NuVentures Free Zone: License in 15 Minutes, Visa in 48 HoursMeta DescriptionDiscover Ajman NuVentures Free Zone, UAE’s innovative hub offering quick licenses, visas, and affordable packages for global entrepreneurs.YouTube TagsUAE free zone, Ajman NuVentures, quick business setup UAE, 15-minute business license, UAE visa 48 hours, free zone benefits, entrepreneur UAE, blockchain license UAE, gaming industry UAE, Ajman business hubWant to know more? 📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/business/uaes-new-free-zone-offers-licence-in-15-minutes-visa-in-48-hours

Send us a textWant to know more? 📞 +971553523125✉️ info@alessandroderubertis.comDubai has identified 14 flood-prone areas susceptible to severe weather and heavy rains expected over the next decade. The National Center of Meteorology anticipates up to a 30% rise in rainfall intensity, necessitating proactive measures.The vulnerable areas include locations along Sheikh Zayed Road, Al Khail Road, and Sheikh Mohammed bin Zayed Road. To address risks, Dubai Municipality has launched short-term and long-term infrastructure projects aimed at rainwater management, such as installing pumps to channel accumulated water away safely.Dubai’s Crisis Preparedness Initiatives Dubai authorities, in partnership with various agencies, are boosting crisis management strategies. During a seminar led by Dubai Police, plans were presented to enhance infrastructure and readiness. Mohammed Al Dhanhani of Dubai Municipality highlighted ongoing upgrades, noting 90% of flood-prone areas have already received improvements.RTA and Dubai’s DH30 Billion ‘Tasreef’ Project In addition to addressing identified hotspots, the Roads and Transport Authority (RTA) has pinpointed 22 other vulnerable locations. A major Dh30 billion rain drainage project, 'Tasreef,' will also fortify Dubai’s rainwater management, scheduled for completion by 2033.Lieutenant General Dhahi Khalfan bin Tamim proposed a dedicated crisis response team, unified contact numbers for inquiries, and community education on flood preparedness and safety measures. He emphasized the need for specialized equipment, swift response systems, and preventive action based on meteorological forecasts.Source: https://www.khaleejtimes.com/uae/dubai-identifies-14-flood-prone-areas-after-april-rain-prepares-for-future-disasters

Send us a textWant to know more? 📞 +971553523125✉️ info@alessandroderubertis.comIn Dubai, property owners have the right to evict tenants under specific conditions if they wish to occupy the apartment themselves or for a first-degree family member’s use. This is governed by Article 25(2)(c) of Dubai’s Amended Rent Law (Law No. 33 of 2008), which allows owners to request the tenant’s eviction at the end of the rental contract if they do not own any other suitable property for this purpose.To begin the eviction process, the property owner must issue a 12-month eviction notice to the tenant. This notice needs to be legally attested by a notary public or sent via registered mail, clearly outlining the eviction reasons. The law mandates this notice period to ensure the tenant has adequate time to make alternative arrangements.Additionally, once the property owner has taken possession of the apartment, they cannot rent it to a third party for at least two years if it is a residential property, or three years if it is a commercial property. This restriction is intended to prevent misuse of the eviction clause under personal use grounds. If the owner violates this restriction by renting out the property within the prohibited period, the former tenant may petition for compensation through the rental dispute tribunal.In summary, an owner in Dubai intending to move into their rented apartment must serve a 12-month notarized notice for eviction and, upon taking possession, refrain from renting it out for two years (for residential properties) or three years (for commercial properties).Source: https://www.khaleejtimes.com/uae/legal/dubai-owners-cannot-rent-out-apartment-for-2-years-after-vacating-it-for-personal-use

Send us a textWant to know more? 📞 +971553523125✉️ info@alessandroderubertis.comWynn Resorts is investing $5.1 billion to construct a luxurious casino resort on Ras Al Khaimah’s Al Marjan Island in the UAE, marking the country’s first-ever licensed gaming facility. The project includes a 1,542-room tower, a 225,000-square-foot gaming floor, 16 restaurants, and extensive entertainment amenities. Slated for completion in 2027, the resort aims to position Ras Al Khaimah as a global entertainment hub.This development represents a significant shift in the UAE, where gambling has historically been prohibited due to Islamic law. The recent establishment of the General Commercial Gaming Regulatory Authority, tasked with overseeing gaming activities, reflects the UAE’s commitment to diversifying its economy. Wynn’s resort has already spurred a real estate boom and attracted interest from other developers, including MGM Resorts, which is planning its own casino-focused ventures in Abu Dhabi and Dubai. Wynn expects high revenue from its new location, supported by the UAE’s proximity to major international markets and an affluent expatriate population.The UAE’s ambition to emulate Las Vegas-style entertainment includes constructing themed resorts and hosting theatrical productions similar to Cirque du Soleil’s performances. Ras Al Khaimah’s tourism sector is projected to grow rapidly, aiming for 3.5 million visitors by 2030, up from 1.2 million in 2023. The island, currently limited to six hotels, is expected to welcome numerous new luxury properties.Wynn’s Al Marjan Island development is anticipated to significantly impact the UAE’s economy, with tourism revenues projected to surge and gaming potentially contributing an estimated $8.5 billion annually. As the UAE embraces gaming and entertainment, Ras Al Khaimah is poised to become a premier destination in the region’s leisure industry, comparable to global entertainment capitals.Want to know more? 📞 +971553523125✉️ info@alessandroderubertis.com

Send us a textWant to know more? 📞 +971553523125✉️ info@alessandroderubertis.comDubai has risen to 5th place in the Brand Finance Global City Index, ranking just behind London, New York, Paris, and Tokyo. The index, based on responses from over 15,000 people across 20 countries, assesses the world’s top 100 city brands on familiarity, reputation, and consideration for living, working, visiting, and investing. Dubai leads globally in reputation and the business and investment pillar, excelling in its attractiveness for local and remote work, innovative potential, and economic stability. The Dubai Future Foundation and low personal taxes have bolstered Dubai’s image as a hub for start-ups and future growth, making it the top city for investment consideration.Abu Dhabi also performed well, maintaining its 30th place overall and showing improvement in various metrics, especially for innovation and technology. It ranks 5th in business and investment, 4th for start-ups, and 2nd for future growth potential, reinforcing its status as an emerging innovation hub.Want to know more? 📞 +971553523125✉️ info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/dubai-has-best-reputation-among-worlds-top-100-cities

Send us a textWant to know more?📞 +971553523125✉️ info@alessandroderubertis.comDubai has approved its largest budget to date for 2025-2027, forecasting a record Dh30 billion (21%) surplus with projected revenues of Dh302 billion and expenditures of Dh272 billion.Sheikh Mohammed bin Rashid Al Maktoum, Dubai's Ruler, announced that the 2025 budget will prioritize social services and infrastructure, aiming to enhance quality of life and maintain financial sustainability.The budget allocates 46% to infrastructure, including roads, bridges, energy projects, and the new Al Maktoum Airport. An additional 30% is dedicated to social development sectors like health, education, housing, and support for vulnerable groups, aligning with Dubai’s Social Agenda 33 and Education Strategy 2033.Security and justice services will receive 18% of the budget, underscoring their importance in maintaining stability. The budget also emphasizes public-private partnerships with a Dh40 billion initiative and includes a Dh5 billion general reserve to support future development projects.Overall, the three-year financial plan aims to promote sustainable economic growth and community well-being, reinforcing Dubai's position as a hub for innovation and opportunity.Source: https://www.khaleejtimes.com/business/dubai-approves-largest-budget-in-emirates-history

Send us a textWant to know more? 📞 +971553523125✉️ info@alessandroderubertis.comIn Dubai, landlords cannot increase rent arbitrarily to match market rates due to regulations set by the Real Estate Regulatory Agency (RERA). The maximum allowable rent increase depends on how much below the average rental value the current rent is, as per Decree No. 43 of 2013. Specifically:If rent is up to 10% below the average, no increase is allowed.For 11%-20% below, a 5% increase is permitted.For 21%-30% below, the increase can be 10%.For 31%-40% below, a 15% increase is allowed.If more than 40% below, a maximum of 20% increase is allowed.These averages are determined by Dubai's Rent Index.Landlords must give tenants at least 90 days' notice before any rent change upon lease renewal. If no agreement is reached on new terms, the Rental Dispute Centre may intervene to set a fair rent.Want to know more? 📞 +971553523125✉️ info@alessandroderubertis.comSource:https://www.khaleejtimes.com/uae/legal/dubai-can-landlords-increase-rent-by-dh20000-all-at-once-to-match-current-market-rate