In February, there were a record number of property transactions with a high sales value. The total number of transactions was almost 9,000, and the total sales value was almost AED 27 billion. This represents a 64% increase compared to February of the previous year. Investors remain primarily interested in apartments.
Dubai is known as one of the financial capitals of the world, and it is home to some of the largest and most influential banks globally. These banks are renowned for their top-notch services, expertise, and innovative financial products. In this article, we will highlight some of the top international banks in Dubai.
HSBC Bank Middle East Limited
HSBC is one of the oldest and largest banks in Dubai, with a history dating back to the 19th century. The bank has a strong reputation for its global network and diverse financial products and services. HSBC has a significant presence in the UAE, and it operates several branches and ATMs in Dubai.
Emirates NBD
Emirates NBD is the largest banking group in the UAE, and it has a dominant presence in Dubai. The bank provides a wide range of retail, corporate, and investment banking services, including Islamic banking products. Emirates NBD is a recipient of several awards for its innovation, technology, and customer service.
Standard Chartered Bank
Standard Chartered Bank has been operating in the UAE for over 60 years and has a strong presence in Dubai. The bank offers a range of banking services, including personal banking, corporate banking, and investment banking. Standard Chartered is known for its expertise in trade finance and Islamic banking.
Citibank
Citibank has been operating in the UAE since 1964 and has a strong presence in Dubai. The bank offers a range of banking services, including retail banking, wealth management, and corporate banking. Citibank is known for its expertise in investment banking and innovative financial products.
Deutsche Bank AG
Deutsche Bank has a significant presence in Dubai, and it provides a range of banking services, including investment banking, asset management, and global transaction banking. The bank is known for its expertise in financial markets and innovative financial products.
Here are Dubai’s top ten areas for renting couples:
Power of Attorney for Real Estate (POA)
Power of attorney (POA) is a legal document that authorizes a person or entity to act on behalf of another person or entity. In real estate transactions in Dubai, a POA can be a valuable tool to help facilitate the buying or selling of a property, especially for individuals who may not be able to be present physically in the country.
When drafting a POA for a real estate transaction in Dubai, it is important to ensure that the document complies with the laws and regulations of the United Arab Emirates (UAE). In Dubai, a POA must be notarized by a public notary and registered with the Dubai Land Department (DLD).
The POA can grant the authorized person or entity a range of powers, such as the power to sign contracts, negotiate terms, and make payments on behalf of the principal. The scope of the POA can be customized to suit the needs of the parties involved in the transaction.
For example, a POA can be granted to a real estate agent to act as the principal’s representative in negotiations with potential buyers or sellers. This can be particularly useful for non-resident investors who may not be able to attend meetings or viewings in person.
Similarly, a POA can be granted to a lawyer to act on behalf of the principal in legal matters related to the real estate transaction. This can be helpful in situations where the principal is not familiar with the local laws and regulations in Dubai.
Overall, a POA can provide a flexible and efficient way to manage real estate transactions in Dubai. However, it is important to ensure that the document is properly drafted and executed to avoid any potential legal issues.
Dubai Land Department experienced an unprecedented achievement in January 2023, as the volume and value of sales transactions exceeded all prior January records, signifying a remarkable milestone for the department.
To find out more, check out the GRRE January 2023 Dubai Real Estate Market Snapshot, now available at the link below:
Dubai Property Report – Jan 2023
Dubai’s rental market has recorded its highest growth rate in history, making it difficult for residents to find affordable accommodation. However, there are still options available for those on a tight budget. With a budget of Dh30,000 per year, it is possible to find a studio or one-bedroom apartment in certain areas such as International City, Al Qusais, and Discovery Gardens. It is recommended to d consult with us to find the best deals.
Dubai Rentals Report – Jan 2023
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The importance of location in Dubai’s real estate market
The Dubai real estate market is one of the most vibrant and dynamic markets in the world, attracting millions of investors, property buyers and sellers every year. With a wide range of residential, commercial and industrial properties, Dubai offers investors a unique opportunity to invest in a city that has become a global hub for business, tourism, and innovation. However, one of the most critical factors that can make or break a real estate investment in Dubai is the location. In this blog, we’ll explore why location is such an important consideration when investing in Dubai’s real estate market.
Accessibility and Convenience
One of the key aspects of a good location is accessibility and convenience. In Dubai, properties that are located in well-connected areas, near major transportation hubs, and shopping centers are always in high demand. Properties located in areas like Dubai Marina, Business Bay, and Jumeirah Beach Residence are some of the most popular locations due to their proximity to the Dubai Metro, the Dubai Tram, and major shopping malls like The Beach and The Walk.
Rentability
Another important factor to consider when investing in Dubai’s real estate market is the rentability of the property. Properties located in areas with high demand for rental properties, such as Downtown Dubai, The Palm Jumeirah, and Dubai Marina, tend to have higher rental yields compared to properties in less popular locations. This is because properties in prime locations have more tenants, and therefore, a higher occupancy rate, resulting in higher rental income.
Potential for Capital Appreciation
Dubai’s real estate market is known for its high potential for capital appreciation, and location plays a crucial role in this. Properties located in areas with high demand, such as Dubai Marina, Business Bay, and The Palm Jumeirah, tend to experience higher capital appreciation compared to properties in less popular locations. This is because these areas have a high demand for property, and as a result, prices tend to increase over time.
Community Amenities
The quality of the community amenities in the area is another important factor to consider when investing in Dubai’s real estate market. Properties located in areas with top-notch amenities, such as schools, hospitals, and parks, tend to have higher demand compared to properties in areas with limited community amenities. Properties located in areas like Dubai Sports City, The Greens, and The Springs have excellent community amenities that make them highly sought after by buyers and renters.
In conclusion, location is a critical factor to consider when investing in Dubai’s real estate market. Properties located in well-connected, popular areas with good rental yields, high capital appreciation potential, and excellent community amenities are likely to be more profitable in the long run. When investing in Dubai’s real estate market, it’s essential to consider the location of the property and the potential benefits it offers before making a purchase.
Top performing areas in January 2023
Dubai has always been a popular destination for real estate investment and with its vibrant economy, diverse population, and dynamic property market, it’s no wonder that the city continues to attract property buyers from all over the world. In January 2023, Dubai’s real estate market saw some impressive sales performances in certain areas, which we will explore in this blog.
In conclusion, Dubai’s real estate market continues to be a popular destination for buyers, with several areas experiencing impressive sales performances in January 2023. Whether you’re looking for a luxury apartment, a family-friendly home, or commercial property, Dubai has something to offer for everyone.
Best Hospitals in Dubai – 2023
The United Arab Emirates has some of the best hospitals in the world, and Dubai is no exception. The Emirate is home to several world-class hospitals that offer excellent medical care to patients worldwide.
Are you looking for the best hospitals in Dubai? Look no further, we’ve put together a list of the best health care centers in Dubai. From maternity and cancer to emergency medical services, there’s something here for everyone!
Government Hospitals in Dubai
The best hospitals in Dubai include those run by the Ministry of Health and Prevention. This government entity is in charge of running hospitals across the emirate, several of which are well known for their high-quality care.
Here we list the best hospitals in Dubai, helping you choose the best healthcare for your next visit to the city. These hospitals are among the best in the region, with advanced equipment and specialists who are trained both locally and abroad.
Dubai Hospital
Dubai Hospital is a leading healthcare provider in the United Arab Emirates. We are home to a team of highly skilled medical professionals who are dedicated to providing the best possible care to our patients. We offer various medical services, including emergency care, surgery, and rehabilitation. Contact us today at 04 219 5000.
Rashid Hospital
Rashid Hospital is a 965-bed tertiary care hospital located in Umm Hurair – street 2 – Dubai. It is one of the largest hospitals in the Middle East, and is managed by the Dubai Health Authority. The hospital offers a wide range of medical services, including emergency care, surgical services, and outpatient services. It also has a dedicated pediatric unit and rehabilitation unit.
Latifa Hospital
The Latifa Hospital is a large, multi-story hospital located in the city of Latifa and is well-known for its high quality of care. It has many facilities and services, including a 24-hour emergency department and a maternity ward—contact us today!
Private Hospitals in Dubai
When it comes to finding the best hospitals in Dubai, there are plenty of excellent facilities to choose from. However, if you are looking for a private hospital in Dubai, you should make sure that you take the time to find one that meets your specific needs.
The American Hospital Dubai
The American Hospital Dubai is one of the leading healthcare providers in the UAE. It is accredited by the Joint Commission International (JCI) and offers a wide range of services, including emergency care, surgery, and cancer treatment. Also, it’s one of the best maternity hospitals in Dubai. Located in Oud Metha – Dubai.
Medcare Hospital
Medcare Hospital offers state-of-the-art medical services. It is fully equipped with modern facilities and offers oncology, surgery, maternity care, and emergency care. The hospital has a team of experienced doctors who work round the clock offering excellent medical care to its patients—contact: 800 6332273.
Burjeel Hospital
Burjeel Hospital is one of the leading healthcare providers in the UAE. It offers various services, including emergency, surgery, oncology, and maternity care. Located in Sheikh Zayed Rd – Al Quoz – Dubai
The Canadian Specialist Hospital
The Canadian Specialist Hospital in Dubai is a state-of-the-art facility that offers its patients a wide range of services. It is located behind the Ministry of Environment and Water – Abu Hail – Dubai and is easily accessible by public transport. The hospital has a team of highly skilled and experienced medical professionals who are dedicated to providing the best possible care to their patients.
The Saudi German Hospital
The Saudi German Hospital in Dubai is the place to go for all your medical needs. Our team of highly qualified and experienced medical professionals offer a wide range of services, including general medicine, surgery, Pediatrics, cardiology, obstetrics and gynecology. We also have a state-of-the-art laboratory and a modern diagnostic center— contact 800 22 11 today to find out more.
Best Eye Hospitals in Dubai
In order to provide the highest standard of care, Dubai’s best eye hospitals offer the latest technology, highly trained staff and state-of-the-art facilities. The Moorfields Eye Hospital Dubai is a state-of-the-art facility that offers a wide range of services for diagnosing and treating eye conditions.
The Barraquer Eye Hospital in Dubai is a world-renowned facility that provides top-quality eye care. The hospital is equipped with the latest technology and has a highly trained staff dedicated to providing the best possible care to their patients. Located in Dubai Healthcare City 2 – Al Jaddaf – Dubai—contact: 04 573 9999.
Best IVF Centres in Dubai
Many Dubai IVF clinics provide high-quality care and treatment and have excellent success rates. The Fakih IVF Center, Al Jalila IVF Center and Centre for Reproductive Medicine and IVF at Dubai Healthcare City are just a few of the top IVF centers in Dubai.
Cancer Hospitals in Dubai
The American Hospital Dubai and the Rashid Hospital have world-class cancer treatment centers. The centers offer various cancer treatments and services, including radiation therapy, chemotherapy, surgery and radiation therapy. In addition to this, both hospitals provide a full range of diagnostic procedures to help determine whether there is a complication related to cancer or another disease.
The hospitals in the Emirate of Dubai offer state-of-the-art medical care. If you are looking for quality medical care in Dubai, these are some of the most reputable hospitals you can find.
If you are planning to move with your family to this fascinating city or even just want to marvel at its educational institutions from afar, check out our picks for the best American curriculum schools in Dubai and the best British schools in Dubai. Also, keep an eye on Driven Properties for more similar posts about everyday life in Dubai and the rest of the UAE.