UAE-based developer The Luxe Developers has unveiled The Celeste and The Stellar, two ultra-luxury residences within the Oceano project on Al Marjan Island. Each property is valued at over $24.5 million (AED 90 million). The Oceano development is scheduled for completion in Q3 2026. The Celeste Residence occupies over 22,000 square feet across the top two floors and includes seven bedrooms, multiple living areas with sunken seating, and a spacious kitchen. The Stellar Residence features six bedrooms and spans 21,000 square feet over two levels, offering similar luxurious features. Both residences are equipped with smart home system. Both units offer open beach and sea views across Al Marjan Island from a spacious 4,504-square-foot terrace featuring an infinity pool. They are just two minutes away from the Wynn resort and include access to their own private beach. The interiors, crafted by Hirsch Bedner Associates, showcase luxurious finishes and amenities. Copper skirting boards, marble surfaces throughout, and sleek built-in alcoves adorn the walls.

Dubai-based developer Binghatti has announced the acquisition of a state-of-the-art steel manufacturing facility in Dubai. This new addition marks a significant milestone in Binghatti’s commitment to innovation and excellence in the real estate sector. The facility, equipped with advanced technology, will serve as the main hub for Binghatti’s skilled team of designers, architects, and manufacturing experts, who will use it to transform groundbreaking architectural designs into high-quality hyper-towers. Key architectural elements, such as the iconic crowns of Binghatti’s latest mega projects, including Burj Binghatti Jacob & Co Residences and Mercedes Benz Places | Binghatti, will be produced here. This strategic acquisition aligns with Binghatti’s streamlined supply chain and development process. Through its vertically integrated business model, Binghatti ensures maximum efficiency and control over every aspect of property development, from concept to completion. The new steel facility will work in conjunction with Binghatti’s existing in-house manufacturing facilities for joinery, aluminum, and glass, all under the guidance of its dedicated team of engineers, interior designers, and architects. This acquisition further empowers Binghatti to focus on quality and lean development, reinforcing its vision of excellence in real estate.   Binghatti secured this investment using its self-sustained cash flow, highlighting the company’s robust financial health. This strategic move further solidifies Binghatti’s status as a leading player in the industry and reinforces its commitment to exceptional quality and continuous improvement. With this latest development, Binghatti is poised to keep delivering groundbreaking architectural masterpieces that redefine the skyline of Dubai and beyond.

So you are a happy owner of a property in Dubai. The first thing you will be required to do upon receiving your Title deed is to connect the utilities. If you’re a UAE resident and hold an Emirates ID that will not create any issue. Connection can be done online through the DEWA or Empower portal. If your building is served by another chiller company you will receive the detailed instruction about the connection process. You will be required to pay the connection fee and refundable security deposit online. However, if you’re not a UAE resident and do not have a local bank account, you will not be able to connect the utilities yourself as local utility providers only work with UAE issued bank cards. So connection can be done through a broker that helped you to buy a property in UAE or through a holiday homes company if you will be renting out your property short-term. Ok, that’s been done How do I pay my bills? While your home is vacant, you can put your DEWA connection on hold (using the option “away mode”), however it’s not recommended keeping your air conditioner off for a long time as it may cause mold formation and other problems even if your property is away enough from the sea. So how can you pay your utilities? International cards do not work directly with Utility payment systems here in the UAE. Therefore you can upload funds to Noqoody wallet – a digital solution for online payments in the UAE. You can access it directly through the portal or throw Dubai Now application.    

I decided to share the recent case that happened to one of my old clients of mine, who decided to sell his 1 bedroom apartment that is still under construction, because it will prevent you from doing very serious mistakes and let My client messaged me saying that he was selling his property through an agent in Dubai, being outside of the country. The broker received the check from the buyer and now he stopped getting in touch…. Here is the story. As the client was outside of the country, he decided to give a POA (Power of Attorney) to a broker. The transfer was made, the buyer’s check had been handed over to the broker.  When the broker deposited the check to his account, the bank freezed it, so he couldn’t transfer the money to the seller.  After some time the broker stopped replying the seller’s messages and picking up his calls.  Luckily, the story ended up well and the seller finally received the money. But there are many other examples when the outcome wasn’t that optimistic.  Mistakes that this case illustrates The broker shouldn’t represent the buyer or the seller (be a POA) and be a broker in the same deal. This obviously creates a conflict of interests and is agaisnt the law.   The check should never be issued to the broker’s name. The reason is stated above. The check should only be issued to the seller’s name, however, in case when the seller is a non-resident and has no bank account in UAE, the 3-rd party (for example, legal firm) can represent the seller and in that case the check can be issued under the name of that firm and then the firm transfers the money to the seller’s bank account that is in his home country.    The buyer should never  transfer the money to the Real Estate account or broker’s personal account or even to the seller before the transfer. Managers checks are the safest way to make a transparent and legal real estate transaction. 

The Dubai real estate sector has seen staggering growth in 2022. High investor demand and increased rental occupants have led to an increase in property prices in the city. Not only the sale prices went up, but rental prices also have shown a steady increase in almost all areas of Dubai.  Bellow are the most affordable areas to live in Dubai when you’re a tenant. Jumeirah Village Circle This area remains one of the popular and the most affordable areas in Dubai to rent and apartment or a townhouse.  There is plenty of competitive supply, still many plots are under development or empty, therefore the prices remain quite affordable.  You can rent a studio apartment here starting from 27,000 AED a year. Prices for townhouses start from 155,000 AED a year with several checks.  Town Square Nshama Family oriented master-community with all the required infrustructure for a comfortable life. Here you can find one of the most affordable townhouses starting from 150,000 AED a year as well as studio apartment starting from 26,000 AED a year. Dubai Sport City Dubai Sport city is another affordable area, located near JVC. You can find many competitive apartments and cosy family homes. Prices to rent a studio apartment starts from 25,000 AED a year, when a townhouse will cost you minumum 125,000 AED a year.  Dubai Investment Park DIP features mostly apartments. Though the area is not that large and hosts not many buildings, rental prices there remain one of the most affordable in the city.  You can rent a studio apartment starting from 22,000 AED a year with multiple checks. 

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