Recent initiatives unveiled by the UAE aim to enhance the country's property sector and attract further investment, building on the significant growth experienced last year. Earlier this month, the Dubai Land Department introduced a smart rental index featuring a one to five-star classification system for residential buildings. Additionally, the UAE Central Bank announced that banks would cease...
This new initiative is designed to benefit landowners in Sheikh Zayed Road and Al Jaddaf by boosting the market value of their properties. A total of 457 plots are now eligible for conversion to freehold ownership. Marwan Ahmed bin Ghalita emphasized that this strategic move will strengthen Dubai’s status as a global economic hub, attract more real estate investment, and further fuel the growth of the...
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