Dubai’s real estate market is in the middle of another shift with the latest decree permitting owners in Sheikh Zayed Road and Al Jaddaf to change use rights of buildings to freehold. This pioneering step was launched by the Dubai Land Department as part of the Real Estate 2033 Strategy to enhance property rights and foreign investment. With 457 plots identified for conversion this change is set to redefine property ownership in two of Dubai’s development hubs. This article seeks to discuss the issue of freehold ownership tenure, its significance, importance and procedures for achieving freehold estates for properties. What Is Freehold Ownership? Freehold tenure gives property purchasers a simple fee, that is full ownership of the land and structure perpetually. The owners have every exclusive power to dispose of the property through sale, lease, alteration and otherwise without the interference of the municipal and state laws enacted and provided for. This is different from leasehold tenure in which the property is held for a specified number of years (commonly ninety-nine years) after which the property reverts to the owner or relevant government. Eligible Areas: Sheikh Zayed Road And The Al Jaddaf Sheikh Zayed Road and Al Jaddaf both are the strategic locations in Dubai.   Sheikh Zayed Road As the main central roadway of Dubai, the Sheikh Zayed Road accommodates many tall rising towers, deluxe flat owners, and business buildings. There is the possibility to increase the leasehold properties here into freehold to increase their market value to attract local as well as international investors.   Al Jaddaf Al Jaddaf is a quickly growing neighborhood famous for its rich culture, progressing architecture, and location by the water. With several elaborate residential and commercial projects currently on the pipeline, the change of status to freehold ownership will further enhance the attractiveness of Al Jaddaf to investors. How To Apply For Transferring Of Leasehold To Freehold? The process to convert properties into freehold ownership involves a series of steps regulated by the Dubai Land Department:   Application Submission The owner of the leasehold property needs to file an application to the Dubai Land Department as an intention to transfer leasehold property to freehold.   Eligibility Check The DLD will re-check the admissibility of the property for conversion and the target criteria will be if the property is among the 457 plots.   Valuation Assessment The property Conversion Cost which is usually a fraction of the property value, would be ascertained after the property has been evaluated.   Payment of Fees After the valuation process, property owners will be required to make transfers to cover the conversion costs according to the DLD.   Freehold Title Issuance Once the payment is made a new title deed will be produced to show that the property in question is freehold. This process has been made deliberately simple so that the process of transfer is convenient for the property owners. Effect On Dubai Real Estate Market The decision to allow freehold ownership on Sheikh Zayed Road and at Al Jaddaf will have a large impact on the Dubai real estate market.   Enhanced Property Values Freehold building market value is typically higher compared to that of leasehold buildings. Because of this transition, demand boosts property prices in such areas, and investors who own the properties will benefit immensely.   Foreign Investors In tendency Leasehold ownership is especially attractive to investors from other countries since it allows the ownership of the freehold as well as secure long-term rights. This initiative is in support of the vision of Dubai to continue to maintain itself as a leading node in real estate investment.   Boost to Rental Market Houses located in freehold zones are usually priced considerably higher and their rental returns are considerably high hence the interest among landlords.   Building the Real Estate Market The freehold ownership is the latest move among the series of moves that has been taken by Dubai to build up the infrastructure of the Real Estate Sector by increasing the transparency, bettering the laws related to Real Estates and increasing the belief of the investors. Potential For Property Owners The conversion of properties to freehold opens up numerous opportunities for property owners:   Increased Resale Value: The nature of freehold properties attracts superior buyers making it easy for those with properties to sell them at higher prices. Better Financing Options: Freehold properties might attract better financing terms from the banks and other related financial institutions. Enhanced Investment Returns: The owners can get more rental income with high rental yield and also future capital appreciation. Greater Control: As one of the broad classification of interests in property, freehold ownership gives property owners complete freedom to use and alter their properties as they wish. Challenges And Considerations While the transition to freehold ownership offers numerous advantages, property owners should consider potential challenges:   Conversion Costs: Many costs are involved that may include serious charges depending on the market value of the property to be converted to freehold. Regulatory Requirements: It is imperative to adhere to a regulating factor known as Dubai Land Department in order to do so. Market Dynamics: The governor under section 136 sub-section (1) should investigate the effects the freehold ownership has on the property investment bearing in mind the current market trends. Getting advice from competent real estate practitioners or lawyers can reduce these challenges. Why This Move Matters? The recent permission for free hold in strategic areas such as Sheikh Zayed Road and Al Jaddaf makes this city in UAE very convenient and determined to innovate change in the real estate sector of Dubai. Through transferring full ownership rights to citizens in property ownership, the city is promoting investment and thereby inflows into the economy. It is evident that this will be good for property owners but also brings a boost to Dubai hosting the best real estate companies in the world. Dubai remains an investor’s paradise for several reasons; its geographical position, modern infrastructure, and enabling environment

The UAE continues to be one of the world’s best tourist and resident destinations, with a diverse range of hotels that cater to all tastes. Be it a vacation or a staycation in style, the new hotels in 2025 will take your experience to a whole new level. From desert retreats to beachfront resorts, let’s take a closer look at the most anticipated hotel openings across the UAE. New Dubai Hotels 2025 Dubai is the epitome of luxurious hospitality and nightlife. There are many such new launches under this banner in 2025. Some of these are as follows. Jumeirah Marsa Al Arab This one is among the most eagerly awaited launches in Dubai and is opening its doors in March 2025. This super-yacht-inspired resort is based in Umm Suqeim 3, close to Burj Al Arab and Jumeirah Beach Hotel. With 386 rooms and suites, as well as 82 luxury residences, it can boast of offering a wide variety of luxury services through the three-story Talise spa, as well as the presence of an indoor pool and an infinity pool. A unique experience is the women-only floor for those who wish for luxury in seclusion. Location: Umm Suqeim 3 Opening date: March 2025 Mandarin Oriental Downtown, Dubai This Mandarin Oriental Downtown welcomes its first visitors in 2025 along the Sheikh Zayed Road, standing on the frame of a sleek, asymmetrical tower design. The development contains 259 marvelous rooms and suites alongside 224 premium residences with options to glance out towards the marvelous Burj Khalifa, alongside being provided state-of-the-art access to the spa, pool, and fitness facilities. Address: Sheikh Zayed Road Gross Area: – Opened on: Approximately Q2 2025 Ciel Tower Ciel Tower will be a fully hotel tower in Dubai. It is owned by IHG Group and would be about 265 meters tall. It will be situated at the Dubai Marina and will comprise 1,000 rooms and suites, an observatory and lounge on the 81st floor, and an infinity pool on the 82nd floor. This would be one of the newest additions to the treasures of Dubai’s skyline. Location: Dubai Marina Opening: Q1 2025 (approx.) Future Hotels in Abu Dhabi in 2025 Abu Dhabi is also revamping its hospitality landscape with a series of one-of-its-kind hotel properties. So, here is what to look out for: Waldorf Astoria Abu Dhabi Located within the grounds of Mangrove National Park, The Waldorf Astoria makes its entry in Abu Dhabi with a 167 room and suites structure amidst the presence of nature and leisure space. There will be three swimming pools, a pool lounge, brasserie, fitness club, and spa within it to have an enjoyable time in a secluded space. Location: Mangrove National Park Expected Launch: 2025 The Mondrian Abu Dhabi Mondrian Abu Dhabi, 221 rooms, 80 serviced apartments, the very magic that people are known to experience, can be felt inside this hotel with its six restaurants and bars, meeting rooms, a spa, and swimming pool, a delightful place for anyone. Abu Dhabi City Open: 2025 Al Nawras Island, LXR Hotels & Resorts Hilton will introduce an all-villa, private-island resort accessible only by boat on Al Nawras Island. This luxury will give it a golf course, three pools, a gym, and its own private beach and many water activities. Location: Al Nawras Island Opening: End of 2025 New Hotels Openings in Ras Al Khaimah in 2025 Ras Al Khaimah has beautiful beaches, mountains, and other retreats and is looking forward to improving hospitality with newer hotels like:  Rove Marjan Island The other upcoming budget hotels for 2025 is Rove Marjan Island. With a total number of 441 rooms, beach resort, an outdoor pool and sun decks, fitness center, and lively entertainment by a DJ, Rove is sure to captivate not just tourists but the residents of Al Marjan Island. Address: Al Marjan Island Opening Date: 2025 Earth Shore Marjan Island Earth Shore Marjan Island is a luxurious beach vacation for the resort rooms, duplexes, and sky suite. The hotel features a lively nightlife schedule and a resident DJ along with its bar, swimming pool, eatery, and spa. Location: Marjan Island Opening Date: 2025 New Hotels Opening in Sharjah in 2025   Sharjah is coming up as a budget destination, and many hotels will begin in 2025. Kalba Hotel, Autograph Collection This five-star resort will stretch over 60,000 square meters along the waterfront at Kalba, and it will host 80 rooms, two restaurants. A fully equipped gym and swimming pool will undoubtedly provide excellent services. Location: Kalba, Sharjah Opening Date: 2025 Lux Al Bridi Resort A place to be gifted to the adventurous soul, this Lux Al Bridi Resort in Al Dhaid would be a unique glamping experience. It will provide its guests with the wildlife sanctuary to see while teaching lessons on conservation. It would be an experience of luxury along with nature. Location: Al Dhaid Opening Date: Q4 2025 FAQs What other hotels are opening in Dubai in the next years? Future hotels that are opening in Dubai are: Six Senses The Palm Zuha Island Marbella Resort Hotel, Vignette Collection InterContinental Resort Portofino Gran Melia Dubai Moxy Al Barsha Dubai Other hotel openings in Abu Dhabi Near future hotel openings in Abu Dhabi are Nammos Resort Earth Mangroves Nobu Abu Dhabi Tilal Liwa Conclusion Setting up for an upgrade on the hospitality landscape, the UAE looks to take its exciting hospitality offerings to greater heights in 2025 with luxurious resorts and budget-friendly options and much more in its kitty. Whatever be the intent-be it for a vacation or a staycation-these new hotels promise a memorable experience for one and all. Watch these launches redefine luxury and leisure for the Emirates.

The real estate market in Dubai is attractive. It is appealing because of its booming economy and good infrastructure besides its strategic location. However, each purchase procedure involves a great deal of labor and requires some information on local laws and regulations. It is in these cases that an attorney specializing in real estate plays such an important role: to protect investments, review contracts, and settle disputes. It will make the whole transaction smooth since lawyers will take care of all legal issues, from an examination of the contract to due diligence and the fulfillment of the regulatory requirements. That would make this whole process of purchasing a property in Dubai safe and easier. The Essential Function Of Real Estate Attorneys In Your Home Purchasing Process The Dubai real estate buying process can be quite complex, involving contracts, ownership transfers, and a multitude of legal formalities. It can be too much for those who are not aware of the procedure. Real estate attorneys know how to deal with such complex procedures and ensure that everything is handled efficiently while your interests are fully protected during the property transaction in Dubai. Main roles played by real estate attorneys while purchasing a property in Dubai mentioned below, Professional Legal Advice For Your Real Estate Experience A real estate attorney in Dubai acts primarily to offer legal support throughout every step of the process involved in purchasing property. For instance, when complex transactions involving real estate occur, a lawyer makes sure that contracts are drawn up and examined, ensures authenticity in the documents that show ownership, and provides proper registration of property. Also, the attorney sees to it that all necessary NOCs are issued. With all legal formalities properly completed, their expertise may help protect the buyer from making costly mistakes. Thus, an attorney safeguards your investment and ensures that the transaction runs smoothly and in accordance with the law by thoroughly reviewing the SPA and overseeing all the necessary documentation. Guaranteeing Complete Due Diligence Probably the most critical step of a real estate transaction is due diligence, which includes all the steps followed by a Dubai real estate attorney before and following the sale to determine whether any sort of legal complexity is attached to the property or not. This ranges from proper due diligence even before the purchase, to running a background check on the seller, property conditions, legal status, and authenticity of the developer. Such lawyers scrutinize possible debts, litigations, mortgage claims, and ownership disputes amongst others. After selling, the lawyer ensures that registration with DLD is complete, utility connections are obtained, and even gets the new title deed. In return, the law process verifies whether such property titles have been sold before and terms put on the buyers so that any legal transaction allows the transfer of ownership to be undertaken to the buying party in confident terms. Check-Up Of Agreements He reads the papers about the buying of real estate very carefully. Generally, real estate contracts are always complex and seem trivial at first. However, their insignificant phrases might later haunt Lawsuits, and an attorney will carefully go through each paper until he finds those ambiguous clauses or phrases that usually turn out to be contentions. Once again, an attorney keeps clear all payment details, delivery and promises to deal with one’s best interest. An attorney with such exposure can negotiate and give legal cover at every given stage of this transaction to buy property smoothly without any insecurity issues. Provides Property Settlement The conflicting issues while buying real estate result from many participants and a complex dealing of property property. Real estate lawyers also play a great role in expert legal advice and solving such problems, whether disputes with the seller, developer, or other investors. Although Dubai does have a system of law concerning real estate-related grievances, proper guidance is indispensable for smooth and efficient execution. Lawyers help one file complaints; appear on behalf of them before the court of law if so desired; help to settle out of court, thereby saving time, money, and much effort. Their deep knowledge of local laws protects your interests throughout the entire process. Protects Interests It is not a real estate attorney who simply purchases property for you, but provides long-term protection to your investment through legal advice on various issues related to property management. For instance, lawyers can help negotiate the terms and conditions of the SPA so that it will have no future claims on the property legally. They can further help obtain necessary NOCs from different government authorities and help in dealing with the properties for you. Therefore, their constant facilitation help can evade potential problems that appear after completing a property transaction. Legal Compliance The rules and regulations of the real estate market in Dubai are complicated and challenging for foreign investors to navigate. A real estate lawyer will ensure that every aspect of property transactions is compliant with local laws, building codes, zoning, and community rules. Besides following the law, lawyers also inform the buyers of their rights regarding ownership and the rights granted to them because they are considered legitimate property owners in Dubai. In case of a dispute on building codes or property rights, lawyers can represent clients in negotiations with the authorities or handle legal procedures to solve the issues effectively. Conclusion A real estate lawyer in Dubai provides invaluable expertise by guiding clients through complex legal procedures and ensuring compliance. Reduced risks make transactions smoother and safer for buyers and investors. FAQs What is the role of a real estate lawyer in Dubai? Although jobs will vary from client to client, the basic standard duties of a real estate attorney include drafting contracts, reviewing documents, and negotiating. Will a lawyer be assigned to my case for purchasing real estate in Dubai? It is not necessary but much recommended that a lawyer be assigned to look well over you in terms of the law as well as come out of such

Abu Dhabi is the capital of the UAE, with many fantastic lifestyle options ranging from plush waterfront apartments to expansive villas within quiet neighborhoods. For people, who are going to move into the city or who require flexible housing arrangements, there are some fantastic choices for renting in Abu Dhabi, perfect for both families and individuals. However, aside from getting the right home, it involves getting to know and following other legal procedures involved. Everything necessary to follow, including the papers, pertaining to letting a house in Abu Dhabi would be implemented-it’s truly going to be easy and smooth in any way. Identifying a Quality Rental House in Abu Dhabi: Step-by-Step Guide Choosing the right place to live must be the first of other rental importance. Abu Dhabi is comprised of vast emirate’s residential property spread, but different living benefits from that of its advantages. Therefore, one needs to put all considerations together as regards: Location and Amenities: Ideally, it should be close to workplaces, schools, health facilities, and malls. You seek a dynamic lifestyle near the town center or if you prefer, away from noise as well; in Abu Dhabi you will surely be able to fulfill all that desire. Best places are known and include Khalifa City, Al Reem Island, and Al Raha Beach. Research and Listings: There are a great number of websites as well as real estate agencies, with a long list of rentals in Abu Dhabi. The same can easily be filtered on the basis of budget, size, and location. Some of the popular websites offer complete details such as pictures, floor plans, and community amenities. Neighborhood visit You can get to visit various neighborhoods that can really give you the feel of a place. You may have apartment desires like a country apartment, family-friendly community, or villas that could be really lavish. Seeing it live will help you take the better decision. Once you find the best option, start the process of renting by gathering all the essential documents, signing the contracts, and going through all other legal procedures that should make it a valid tenancy agreement. Documents For Acquisition of Rental Accommodation in Abu Dhabi Bring all paper works with you as you close the rental deal at Abu Dhabi to avoid risking delay in processing. You might particularly need to use these papers in renting sure enough at Abu Dhabi: One is required to be a resident in the UAE with a valid residency visa in order to rent at Abu Dhabi. Passport Copy: One of the identification documents must be your passport copy. This is more or less one of the most important documents, which is basically taken as essential for flat letting. Emirates ID: Not to mention, it cannot be an exception because formalities of all official dealings must be made in the UAE, and the process would be in need of having this document. Marriage Certificate: In the case of husband and wife who are planning to rent a flat, it could also be required. Proof of Income or Employment Letter: Landlords will want to see proof of your financial stability, which is usually provided in the form of a recent employment letter or proof of income. Recent Bank Statement: A bank statement will demonstrate your financial position and ability to pay rent on time. Security Deposit and Tenancy Contract Producing all the required paper documents and making the security deposit and signing the tenancy contract form the subsequent steps that follow the securing of the property. Security Deposit This is the amount of money that the tenants have to pay to book the house properly. It is termed as a security deposit. The deposit usually amounts to 5% of the annual rent. It guards the interest of the owner in case the house is damaged during tenancy. If house is vacated without any damage being done, then the house owner should reimburse the deposited amount. However, if the house is damaged, then these costs might be recuperated from that deposited amount. Tenancy Agreement The tenancy contract law-bound would hold the following within its contents. The terms and conditions of tenancy agreement, the contents of the document above would mostly be including: Rent: The agreed sum of rent and its mode of payment (monthly, quarterly etc). Security Deposit: The amount of security deposit and when it may be refunded. Lease Term: The date to begin the lease and its duration. Renewal Options: Conditions regarding renewal or cancellation of the lease. Tenant Obligations: Property upkeep and utilities. Landlord Obligations: Common areas and structural repairs. You will have to read through all the clauses and terms before signing the tenancy contract. In case of discrepancy, it is resolved with the landlord or the real estate agent involved. Registration of Tenancy Contract with Tawtheeq Finally, a register on Tawtheeq shall be prepared after executing a tenancy agreement. It is the system where tenancy in Abu Dhabi will be registered and is in control of Abu Dhabi Municipality so that every signed tenancy will be covered. Registration Traditionally, landlords or the property agents accomplish registration. Indeed, Tawtheeq confers several advantages for the tenanted party upon their registration in that: Availability of utilities: With this registration, the tenant is eligible to get basic utility services such as electricity, water, and internet. Legal Protection: The Tawtheeq registration allows a tenant not to overreact along with his landlord so that realization of rights together with an understanding of the tenant’s duties could be reached without much conflict. Official Record: All tenancy contracts kept by the system form an official record so that problems arising during the term of the lease can be legally presented. Frequently Asked Questions What is the difference between Tawtheeq and Ejari? Tawtheeq is an official system the Abu Dhabi government employs to record tenancy contracts, but Ejari does the same function in Dubai. So it’s there to keep a check on both the landlords-tenants relationship in both emirates. Which are the

Are you one of the thousands of Dubai tenants turning around to see where you’re at, to realize another year has passed? And with that, fresh increased rent? You are not alone. Well, better news, actually, for the story is how low interest rates just create the perfect opportunity for that switch from a tenant to homeowner. This is how falling interest rates made homeownership the most accessible real estate investment ever in Dubai. Understanding the Impact of an Interest Rate Change on Home Ownership Among the various prime factors of a housing market, interest rates can be said to be directly influencing in that it has an immediate effect on the prices of home loan borrowing. Thus, homeownership either becomes cost-effective or cost-ineffective due to interest rates. If interests are high, then taking mortgages is very expensive, and hardly anyone can afford it. However, if the interest rates are low, it makes borrowing cheaper, and homeownership becomes much easier. As of September 2024, the Central Bank of the UAE has cut its base rate by 50 basis points to 4.90% from 5.40%. Tiny variations in percentage points like these have a very significant effect on the mortgage payments. This has opened many doors for tenants who are paying high rents and now will have more reasonable monthly payments. This is a game-changer for those people who could not afford to purchase a house at a high rate of interest. Whether it is a first-time buyer or one waiting for the right time, this is an opportunity for you to realize your dream of owning a house in Dubai. Why Tenants Are Moving Towards Homeownership? Now, it is a place for most, with an unaffordable cost of rental for people to plan ahead from year to year. In fact, they ask themselves a question: if already paying that much amount of money for the rental, why not to put it somewhere which would construct their future as owning a piece of property under their name? Lower interest rates available today make this an option. Where mortgage rates fall, it simply means that a home can be bought and sold for just as much in monthly payments compared to renting one. In this regard, when one pays in mortgage, each payment reduces the loan balance plus contributes to establishing equity in that property, providing much more of a stronger long-term investment than paying off a landlord. Another benefit of home ownership is the fixed monthly mortgage pay. Because the rental price is always up for review, the homeowner gets fixed housing costs. Little wonder why most renters are already in the market looking to buy houses now that prices have lowered through financing. An off-plan property is directly something you can shift into, meaning that comparing pros of one against the other brings you an informed decision making the needed aspects and choices align with yours. Off-Plan Properties: Long-Term Investment Off-plan properties are houses under construction; the buyer thus buys them before construction is even fully complete. As much as there is no possibility of a mortgage directly between the buyer and developer, a lot of developers will offer some plans for payment made in installments of the house at stages when construction is completed. The mortgage is then received after the house has been completed and occupied at low interest rates. Off-plan homes would definitely turn out to be the investment offer that more investors would like a long-term investment in properties. With an option of this kind, the interest rates have all been at lower levels, and spreading of payments allows buyers not to be fussy about getting into a property sooner than later while trying to get one for future needs. Ready-to-Move-In Homes: Instant Gratification A ready-to-move-in house would have added advantage since it would provide an immediate solution. It would be a right choice for one willing to settle down fast. Low interest rates lately mean that the buyer will be able to acquire cheap mortgages and get to stay in a house. It is also a good idea for those persons who would not like to wait for a house to be ready. A ready house for a move appreciates faster than that which has even half been built. This therefore makes it the best investment in case you should want to sell or lease the house some other time later. How Low Interest Rates Tie Up with Real Estate Market It goes both ways to favor the customers and the builders. The more that tenants consider themselves as homebuyers, the more demand there will be for that particular property. For this current case, even the broader Dubai real estate market may escalate demand. More interest on the part of developers will be attracted by both off-plan and the ready-to-move-in property. For that, the market will always remain active permanently and therefore highly lively mostly for a city like Dubai and is, thereby attracting many more expatriates and investors towards the place. This would provide much solidity as well as a guarantee of more secure investment prospects in the area of real estate for the Emirate. Is it now the time to buy a house in Dubai? Thus, the time seems ideal for any tenant to finally make the big leap from rentals to buying property. Interest is low, but rents are slowly creeping up on their way sky-high, thereby making it one of the great times to act upon the need. With quite a number of enticing finance opportunities, and multiple property options popping up, what a great opportunity lies in front for the tenants and tenancies themselves. The scenario of real estate in Dubai today is quite promising for you, be it investing in an off-plan property and you are going to invest for long or a ready-to-move-in home where you can shift right away. Conclusion This is evident in the first crack because, with low interest rates, there is money available to

Dubai has always been in the news for years as a city of innovations and other world-class luxuries. The emirate now gained fame all over itself, as now it becomes the most-populous hub for millionaires, as many as over 72,500 millionaires. The new study now reveals that it houses the most number of high-net-worth people in the Middle East. This is a testament to the ever-increasing stature of Dubai as the global haven for the high net worth as it can attract its high-net-worth people from all over the world. New Generation of Dubai Millionaires The past decade witnessed Dubai experience unprecedented growth in terms of the population of millionaires housed within the city boundaries. In fact, the emirate’s population of high net worth individuals increased 78% over last year, placing Dubai among the world’s top 50 cities in the ranking of the millionaires’ clubs. Over 72,500 millionaires are forecast to reside within the emirate in 2024, and nothing seems to slow this growth down, as business and lifestyle-related attraction for businesses continue to lure the business sector and people in Dubai. Not to forget the fact, the emirate houses a community of millionaires in addition to its 15 billionaires. Put together, that places Dubai much better at its position as the richest city in the Middle East. Agglomerations of this scale have not just bestowed on this city reasons of economical prosperity but have above all given reasons to choose the place to work and live one of the glamour places on the globe. Profile of the City’s Wealth Distribution In the emirate of Dubai this had a population of around 3.69 million in the year 2024, some being millionaires themselves that form only 2% of its overall population. In percentage terms this is much fewer but one of the largest in terms of sheer density of wealth, in any city in the world. This is, of course, the number of high-net-worth individuals that Dubai attracted, the truth to testify regarding the emirate’s capacity in offering those facilities, business opportunities, and lifestyles that most wealthy citizens desire to achieve. This enormous population of millionaires is turning into a real estate boom in property markets and an expanding luxury retail sector and financial industry. This population of Dubai wealthy is sustaining investments in the economy and fuelling demand for top-of-the-line services, luxuries in living spaces and elite experiences that define the city. Henley & Partners Insights Such is the study by Henley & Partners, the global leader company in wealth migration. It unfolds some really precious information on how Dubai has augmented its millionaires and ranks the city highly by positioning it as the wealthiest city on Earth. The organization places cities in a ranking on the extent to which high net individuals wish to move into them and puts Dubai pretty near the top of the scale. Dubai boasts 72,500 millionaires while Abu Dhabi takes second place in the most wealthy cities in the Middle East at 22,500 high net worth individuals. This is the general trend that is seen within the region: wealth is concentrated in a few urban hotspots which helps fuel economic growth and the prospects for investors, locals and international alike. Dubai Remains Attractive to Global High Net Worth Individuals Therefore, what is the magic formula that has attracted millionaires to Dubai? The city presents a perfect mixture of factors for making it an ideal place where wealthy people may live, work, and invest. First and foremost, Dubai has been a tax haven with all the personal and corporate tax incentives that attract such high-net-worth individuals. In fact, it is the luxurious status as an international business metropolis, world-class infrastructures and cosmopolitan lifestyle, which attract entrepreneurs, investors, and executives into city limits. It stands at the top at one end by luxury side through exclusive communities and cutting-edge designs in real estate for luxury property. The city comprises some of the world’s most elite residential developments-from penthouses housed inside iconic skyscrapers to private villas housed within the elite gated communities. Dubai therefore attracts a number of wealthy investors who are willing to make a high investment into high-value properties but goes hand in hand with long-term value besides that standard of life offered. Besides financial profit, Dubai offers a life of luxury style in the sense of interesting shopping and dining experience, quality healthcare, and abundant recreation and entertainment opportunities. It is a great location for networking and cooperation with other business-oriented people since it is an excellent cultural platform where individuals get the opportunity to interact with other successful minds all over the globe. Millionaires in the World: Comparative Statistics With respect to the population count of millionaires, Dubai isn’t so shabby at all comparing with other prime cities across the globe. Still at the number one spot worldwide, New York City stands alone at a high count of 349,500 millionaires while Bay Area within the United States and Tokyo within Japan come right after the close second and third positions respectively. Singapore ranks fourth with 244,800 millionaires, followed by London on fifth position having 227,000 high net worth individuals. Even though it may not fit the global superpowers, 72,500 millionaires under its belt puts Dubai, in all intents and purposes, catapulted itself to an important position in the high net worth individuals in the Middle East and one of the world leaders. The city is poised to continue on this trajectory and it would well set itself up as one of the favorite destinations for the super-rich. Future Millionaires in Dubai The money will keep coming into Dubai in the future. There could be several reasons for the attraction to that circle of millionaires, such as a robust economy, tax advantage, business-friendly environment, and even exceptional lifestyle offerings. As Dubai is becoming the financial and cultural hub for the highly networked economy, its strong position will attract even more dollars to it. This will attract entrepreneurs and investors in large numbers; indeed,

Eden House The Park is a modern architectural work of art and luxury, which lies directly at the heart of Dubai. It is where urbane sophistication meets tranquil waterfront living as promises unfold in transforming the face of one of the most desired neighborhoods in the city – Jumeirah – through its newest off-plan project. Set within Dubai Water Canal, this project is going to attract exclusive homebuyers and investors seeking a best of two worlds: exclusiveness and convenience. Let us take a further step into knowing what really makes this residential masterpiece great by putting the best fusion for elegance and luxury, with practicality. Overview of Eden House The Park Eden House The Park is a flagship development that offers luxury apartments in varying styles. This project consists of seven low-rise buildings and wide varieties of living spaces, including 1-bedroom apartments and expansive 4-bedroom penthouses. The apartment was developed with spacious designs and high quality finishes so residents will experience the comfort and style. This development is outstanding not just for its design but also for high-end amenity and prime location. The development has been planned to be very mindful of modernity and serenity, which will make it the perfect abode for bachelors as well as for families. This is a never-before opportunity to live in a lively urban environment or to invest in Dubai’s real estate market. Prime Location in Jumeirah Development, along the Dubai Water Canal is one much-coveted area and also set within the affluent Al Wasl district of Jumeirah. The walkable roads and parks with easy access to the happening cultural and entertainment venues feature the area. Residents of Eden House The Park stand perfectly poised to take utmost advantage of everything Dubai has on offer. Positioning near Sheikh Zayed Road allows easy, hassle-free and quick access towards all the big destinations, especially: Downtown Dubai: After a short ride of 10 minutes, reach the heart of Dubai, along with the majestic Burj Khalifa and massive Dubai Mall in the world. Cultural Hotspots: almost next to City Walk, Museum of the Future, DIFC, almost perfect for culture enthusiasts and professionals alike. Airports: Dubai International Airport (DXB) is 15 minutes away. Al Maktoum International Airport (DWC) is 30 minutes away. The life here offers one the privilege of easy access to both the business hubs of Dubai and its serene waterfronts. Architectural Genius and Design Eden House The Park is designed by leading architects in seven separate low-rise buildings. Architecture here is based on modern tastes which have such sweet and simple aspects of nature so well incorporated; it is really something special in Dubai. Every apartment building will have designed spaces such that the need for privacy is balanced with that all-important community feeling. There is natural lighting coming in floor-to-ceiling from large windows everywhere within the open-plan interior space of each of these apartments. The luxury finish found throughout this building development would include marble, wood, and stone. Here, luxury can be highlighted because owners can freely use spaces depending on their needs-a family home or area to conduct work or have friends over to entertain. Penthouse has private terraces that offer views of the canals, lush greenery, and a city skyline of Dubai. Bigger units offer staff quarters among the added amenities. Master Plan: Residential Haven Eden House The Park is an upscale waterfront community with carefully designed master plans. This family-focused community will house a variety of properties that are suitable for all individuals and couples, from 1 to 4-bedroom apartments, to 3 to 4-bedroom penthouses ranging from 923 sq ft to 10,974 sq ft. Among the excellent features of the development are the several spreads of wellness facilities. A fully equipped gymnasium, yoga and Pilates areas, swimming pools, and a wellness center with sauna and steam rooms can be highlighted. Whether one is a fitness enthusiast or those who would love to be relaxed, Eden House has everything in order to keep fit and healthy in a balanced life. World-class amenities and services Some of the notable features of Eden House The Park are a number of amenities in sight, targeted towards offering an exceptional quality of life in residence. The most appealing features are that of convenience that are lined up within this complex such as the following: Fitness and Wellness Facilities Fully fitted gymnasium: Keep fit using the high technology fitness machines Swimming pools: One can either rest or swim amidst views of the canal. Areas for yoga, Pilates, and boxing: Areas to help maintain and build up your health. Wellness center: A place of relaxation with sauna and steam room. Lifestyle and Concierge Services: 24/7 Concierge and Security: Guaranteed security and appropriate assistance at all times. Valet parking and guest services: Do not find yourself struggling over parking and service for your guest. Housekeeping, laundry, and dry cleaning: There is a clean and organized space without having the hassle. À la carte services: Personal chefs and chauffeurs make the life of the people easier and much more luxurious than it otherwise could be. Community Spaces: Resident’s lounge: A nice place to mingle, relax or entertain. Boutique retail outlets: Shop within the community, and accessibility to daily need products is extremely easy. There is Eden House The Park, with all facilities to be provided so one can get active, rest, or communicate with the surrounding community. Flexible Payment Plan Eden House The Park offers a flexible payment plan, making the luxury development even more accessible. Payment can be as follows: 10% booking amount 30% construction time 60% at the time of handing over Properties in Eden House start at AED 3.2 million. One of the competitive options open to people who want to spend money investing in a high-end property in one of the most coveted locations in Dubai, it is one of them. It is an excellent investment because it helps the investor and homeowner regulate their finances and take advantage of all the achievements promised in this

Finance has never been as vibrant as it is today. Technological advancements are transforming everything from how to further relate nations, trade, and secure financial transactions. One initiative at the very forefront of this onslaught is Project Aber: the innovative collaboration between the UAE and Saudi Arabia working towards revolutionizing cross-border payments with digital currency. Project Aber was launched in 2019 as part of the step towards financial integration, technological progress, and deepened economic cooperation between the two countries. This blog will try to elaborate on the core components of Project Aber, including its aims, outline, and accomplishments. What is Project Aber Abu Dhabi? Project Aber was initiated as a collaborative effort from both the UAE and Saudi Arabia to ascertain the development of shared digital currency. Aber is built for both domestic as well as cross-border transactions and aims to look forward towards modernizing the payment systems between the two countries through the adoption of Distributed Ledger Technology. It views the potential for a Central Bank Digital Currency that would facilitate frictionless financial transactions in a way that reduces friction and increases speed and security in cross-border trade. In essence, Project Aber is an investigation into the ability of digital currencies and DLT to alter financial ecosystems forward. Using innovative technology, it looks to solve some of the most pressing challenges associated with cross-border payments: inefficiencies and security concerns. It aims to create a digital currency that will not only enhance bilateral trade between the UAE and Saudi Arabia but also lay the foundation for further financial integration in the GCC region. Project Aber Abu Dhabi Objectives There were quite a few top-level objectives behind starting Project Aber and now guiding its development since its launch: Project Aber: For understanding the possibility of using DLT practically to benefit financial systems, the core objective was how DLT can be practically used and can improve financial systems. A large number of research and development have been done on how DLT would be helpful to enhance transparency, security, and efficiency of the transactions. Cross Border Payment Upgradation: Traditionally, the interbank payment system has not succeeded well. Majorly in case of cross-border payments. Regarding this problem an effort towards that solution is given with the appearance of a digital currency solution put forth by Project Aber. That should make fast payment easier between UAE and Saudi Arabia by cutting the costs associated with these settlements besides decreasing time required to be taken by these cross border settlements. Benchmarking to International Standards: All the efforts in Project Aber were targeted toward the evaluation of findings and methodologies of the same in comparison to that of international levels within the CBDC project. Hence, this project looked toward benchmarking from the international standard for ensuring that developed solutions could readily scale up across different regions. Structure of Project Aber Abu Dhabi Project Aber has three phases through which the actual tests and grooming would be tried towards the fantastic ends of being achieved: There will be straight contact with Saudi Central Bank, UAE Central Bank to have transaction direct between those two nations to test and put it to strict functional and secure checks of its digital currency by using it within cross-border settlements of the said two nations. Domestic Settlement between the Two Countries The testing of the digital currency was to be done in the domestic transactions between the two countries. This included three commercial banks from the UAE and Saudi Arabia, which both helped to determine how the digital currency would work in a real banking environment. Cross Border Transactions Between Commercial Banks The last phase of the project determined whether commercial banks from each country would use the virtual money in conducting cross border transactions. This entails identifying and detailing its application toward more dispersed implementations within the two commercial banks’ operational setup of handling cross border payments. Key Features of Project Aber Several differentiating features distinguish Project Aber from other digital currency initiatives, which may contribute to the uniqueness and success of this venture: Active Role By Commercial Banks Six commercial banks participated in the initiative, three from each country. Commercial banks played an active role in the design and testing of the digital currency. Their role was helpful since the development was based on practical and real banking needs, and simultaneously, it helped find potential risks and areas for improvement. The Other Special Aspect Of Project Aber Design Is Decentralization. The project allowed the flexibilities, scabilities, and security needs for participating banks while distributing the infrastructures of this digital currency in various nodes to ensure it reduces the risks brought about by a centralized control element. Liquidity Problem The huge liquidity problem depicts the cross border payment as quite a few banks need to carry gigantic Nostro accounts that entail. Project Aber would bring some relief in respect of this much needed and painful liquidity burden that would erect much more effective and efficient very cheap cross border system and harmonize money movements between two banks. Guiding Principles of Project Aber Several guidelines are presented by the principles behind developing Project Aber: Active Engagement of Commercial Banks: Commercial banks were engaged at all the stages of development project right from technical development to business implementation on close consultation basis. Such co-operation served to meet the pragmatic needs of both central as well as commercial banks. Real money: Real money was used on the testing side. All this was making a real money contribution to the process. This, in turn led to the thought of introducing realism into the process. This however ensured the fact that apart from working just fine, this system will just work with any ready payment infrastructure as already in existence such as through RTGS systems. Commitment to Security and Efficiency: Considering the risks in the case of cross-border transactions, security and efficiency were more or less at the front of designing the project. Cybersecurity was highly strict at each step, considering the fact that digital

It was an interesting month for the property market in UAE during December 2024 as groundbreaking new projects were announced alongside some government initiatives that are in place to stimulate further growth within the sector. A few strategic developments, including lenient visa policies and a rise in housing solutions, are establishing it on the global map as a significant property hub. This blog tries to find out some of the best trends and changes that have spoiled the scene for UAE real estate over the last month to create insights into any looking forward to accessing property markets within the UAE. A smart rental index that transforms access and consumption of Dubai Rentals Improvements For Camel Racing In Abu Dhabi Southern Arena Abu Dhabi City Municipality has completed landscaping work on the VIP Platform in the Southern Arena as improvements toward enhancing the camel racing experience. The sport has cultural value and attracts thousands of visitors every year. The landscaping is done in a very attractive manner with lush greenery, vibrant plants, and flowers, all to make the atmosphere more inviting and pleasant for the people attending the program. Abu Dhabi Lights Up For The New Year Festoons of lights were flung across the streets and bridges to 2025 in Abu Dhabi. Among the most well-known landmarks was Corniche, as well as Al Maqta Bridge, which were embellished by the Abu Dhabi City Municipality so that the city could welcome a more cheerful New Year’s Eve. The yellow and white light installations for the coming year spoke optimism and joy. The installation was done with much care to both aesthetics and safety. Achievements in Housing by Ministry of Energy and Infrastructure The UAE’s Ministry of Energy and Infrastructure has been successful in a series of impressive achievements in 2024, mainly in housing. The Sheikh Zayed Housing Programme, providing aids for the UAE citizens who need housing, passed more than 90,000 decisions worth nearly AED 60 billion. In addition, Manzli was initiated to provide simple services in the context of housing services. Paper work has reduced to a great extent and processing time has hastened; therefore, getting the support will be even more auspicious for citizens. Dubai Walk: Vision For Pedestrian-Friendly Urban Living Dubai Walk, an announcement of the major ‘Dubai Walk’ project that will be pushing Dubai toward a walk-friendly city. A major development proposed in December 2024, this project will build around 3,300 walk ways across the city, covering 110 pedestrian bridges and tunnels, green trails, as well as waterfront walking routes, with an aim of providing key services and facilities all within a 20-minute walk from a resident’s doorstep. Ajman 2025 Budget Ready To Give A Boost To Infrastructure And Economy Ajman government has budgeted AED 3.67 billion for the current fiscal, majorly focusing on the infrastructural development, community development, and economic growth within the region. This budget is mostly related to real estate, on which a lot of emphasis is given relating to support towards sustainability and modern methods of construction. In the case of Ajman, because of an increase in the number of transactions in its property, the demand for residential property is on its cards. Real Estate Market In Ras Al Khaimah Grew By 70% Since 2020. Ras Al Khaimah real estate sector is booming to the tune of AED 11.95 billion by 2024, which indicates a hike of 70% since 2020. Enhanced activities in the real estate sector demonstrate how the emirate is getting attractive for both investors and residents. It’s mainly because of the high demand for residential, commercial, and industrial property. It also accelerates with strategic government policies such as infrastructural investment and incentives for foreign investors. Dubai Luxury Villas: Catering To Demand For High-Value Properties Today demand for luxury villas is quite high at an incredible rate and also in very elite places like Emirates Hills and Palm Jumeirah. Dubai is likely to be completed with thousands of luxury villas by the end of 2024 and other units by the end of 2025 to cater to this demand. For its growing population, tens of thousands of luxury houses are going to be required by the cosmopolitan city by 2040. Dubai Innovative Housing Projects: The New Mohammed Bin Rashid Housing Establishment Collaboration The MoU was signed between Mohammed Bin Rashid Housing Establishment and Wasl Group on an agreement to jointly collaborate in the development of sustainable housing projects within the city of Dubai by the end of December 2024. Innovations in housing solutions toward the objective of bringing forward long-term urban goals in Dubai are to be developed through this partnership. One Development And Amr Diab – Luxury Living Reborn One Development has collaborated with the international superstar Amr Diab for a two-year partnership in driving the former’s luxury living projects. Amr Diab would be available under the terms of the agreement for the marketing campaigns, product launches, and the exclusive events as well. It has major thrusts in terms of redrawing luxury living with an AI-integrated community at Laguna Residence. Ohana Development And Jacob & Co Unveils New AED 4.7 Billion Project The AED 4.7 billion beachfront living project to be launched by Ohana Development will be partnered with Jacob & Co., a luxury house, in Abu Dhabi, one of which is Jacob & Co. Beachfront Living, an exclusive lineup of villas and apartments within the natural reserve facing the ocean. Chestertons Mena Enters Sharjah’s Real Estate Sector Sharjah is today entered by Chestertons MENA, a real estate company. The move seeks to tap the growing demand for residential, commercial, and industrial real estate in the emirate. This is one of the steps towards the further development of the real estate sector in Sharjah and is a support of the investment opportunities that exist because it is instrumental in the emirate’s growth economically. Ajman Ties Up With JLL To Promote The Real Estate Sector Ajman signed an international consultancy, JLL, to look for alternative visioning for the real estate market.

Promising an intimidating skyline to adorn its hoarding, along with opulent highlife, it was finally officially announced recently at the new project launched at Interstellar Tower – in Jumeirah Village Triangle, on which it prides itself: A 29-floor tower comprising residences designed specifically with premium standards to provide solutions to contemporary people – professionals or families alike – while boasting style in architecture. Mr. Eight Development has designed the Interstellar Tower with the concept of providing a space wherein the life lived would be comfortable, convenient, and luxurious. Let’s dig deeper into this extraordinary project. Overview of Interstellar Tower Interstellar Tower is an eye-witness and reflection of modern architecture as well as brilliant design. It has 236 units for living, and nearly all are two- and three-bedroom apartments. Well thought of and conceptualized each apartment brings in big open spaces, lots of natural lights, and finishing touches so that staying at this place promises comfort. Therefore, through this design, all the units shall feel open to all its inhabitants who come there for modernity and classy lifestyles. The apartments are fully equipped with all the modern comforts any homeowner might need, from quality fixtures to expansive living areas. Whether one lives alone, is a couple, or has a family, Interstellar Tower has something for everyone. Strategic Location in Jumeirah Village Triangle The other reason that explains the sale of Interstellar Tower is its location inside the Jumeirah Village Triangle (JVT). The planned community provides a quiet and family-friendly environment but close to the pulsing metropolis of Dubai. JVT is strategically positioned near the key highways, Sheikh Zayed Road and Al Khail Road, hence giving ease of movement to any key destination in Dubai. Interstellar Tower will give the residents proximity to many of the main attractions in the city, such as Dubai Marina, Downtown Dubai, Mall of the Emirates, and Bluewaters Island, where people can indulge in plenty of shopping, dining, and entertainment experiences. Schools and nurseries are also within JVT, which is why many families opt for this location. The peacefulness and accessibility blended in the community ensure that residents get to have the best of both worlds; peaceful surroundings yet within a reach of most attractions in Dubai. Properties at Interstellar Tower Interstellar Tower boasts two- and three-bedroom apartments which are built for modern living. The properties here are spacious; they are so designed with floor plans that can make optimum utilization of available space and light. Two Bedroom Apartments They vary in size from almost 1,035 sq ft and 1,378 sq ft. For small-sized families or workforces. This home features; It has open spaces of kitchen and dining, and that creates an available space with nice living areas surrounding it. It accessorizes with state-of-the-art appropriate appliances, adequate amounts of storage space built into the bedrooms and fitted wards, ease of access, an individual balcony or views within the surrounding community, along with a few pools – that is luxury. This two-bedroom apartment in Interstellar Tower is for anybody who needs to have a really comfortable space, along with modern conveniences of living, but have a hint of elegance. Three-Bedroom Apartments These large units range from 1,378 to 1,544 square feet and are very suitable for big families or any other person who needs spacious areas. The three-bedroom apartments include: Large living spaces that create interaction and time for family bonding. Equipped kitchen well finished with modern kitchen appliances. Large balconies that offer fantastic views of the skyscrapers in Dubai and the surrounding areas. High storage capacity that keeps an apartment organized and free of clutter. The two- and three-bedroom apartments are fitted with high-quality materials from known brands, giving them durability and timeless style. Thoughtfully Designed Floor Plan Interstellar Tower has been designed keeping in mind the requirements of a modern resident. Open-plan layouts have a way of inducing a sense of flow between the various living spaces and thereby maximize the sense of spaciousness of an apartment. Kitchens are sleek and modern with great functionality both in terms of cooking and entertaining. The ample amount of daylight from large windows further beautifies the apartments and aids energy efficiency. Everything to this end owed to thoughtful design: generous, living, dining, and entertainment space means occupants are allowed choices as to the space their homes should be Luxurious settings with the augmentation of lighting, fresh air experiences create the last word in living experience in this Interstellar Tower Master Plan-Community Oriented Development The master plan of Interstellar Tower includes residential spaces, recreational zones, and community areas, which are intended to provide a comprehensive and holistic living experience. Development is surrounded by landscaped gardens and parks, giving the residents ample opportunity to learn how to rest and relax in peaceful, beautiful outdoor spaces. Artificial rivers running through walking paths add to the natural beauty of the area, offering a scenic backdrop for residents. Design-wise, the whole development boasts of many communal spaces that encourage interaction and bonding. There is an outdoor lounge, a place for barbeque, as well as an outdoor community hall where gatherings happen. The up-to-date and fully-equipped fitness center can ensure that a healthier lifestyle will remain a constant among the residents who will soon start to enjoy recreational activities at their own leisure. World-Class Amenities for a Superior Lifestyle Interstellar Tower comes with a comprehensive range of amenities to enhance the quality of life for its residents. The project emphasizes convenience, luxury, and leisure to ensure that all aspects of the living experience are enjoyed. Swimming Pool: The outdoor swimming pool provides a refreshing break from the scorching heat of Dubai and gives the residents a chance to relax and unwind. Children’s Play Area: The community’s young residents have a secure space within which to play through child-friendly, designated play areas. Spa and Wellness Center: A wellness room houses a spa where the residents can treat themselves at the end of the day. Restaurant Options: There are restaurant options within the building from which