The city is becoming an epicenter for global fitness trends.
Dubai is home to the world’s tallest building (the 2,717-foot Burj Khalifa ), one of the world’s most expensive spa treatments (the $6,800 24-carat gold facial at the Jumeirah Zabeel Saray's Talise Ottoman Spa), and one of world’s priciest cocktails (the $4,000-plus "Birth of an Icon" at the Burj Al Arab Jumeirah ’s Sky View Bar). Now, Dubai’s tendency towards superlatives is extending to the wellness world.
Read MoreCurrently, more than 24,000 students study in colleges and universities located in Dubai. An independent student housing complex, which will potentially offer students part-time jobs to help them pay for rent, will be launched in the Dubai International Academic City (DIAC) by early 2020.
Myriad has partnered with several retail outlets to support the students with different services. Details on the rent of each apartment will be revealed next week.
"We offer gender segregated accommodation to students in the Middle East that is like no other and pride ourselves with providing safety, security, cleanliness and world-class management to achieve a convenient purpose-built environment.
"We also provide students the opportunity to partake in part-time jobs, if required, to support with rental fees," Myriad's website said.
The Queen Elizabeth II ship is set to finally open as a floating hotel in Dubai.
A "soft opening" will take place on April 18 before a "grand launch" in October.
Visitors will be welcomed on board the Cunard ship almost a decade after it completed its final voyage from Southampton to the Middle East in November 2008.
After being bought by a Dubai government-owned company for $100 million (£70 million), the vessel was expected to be quickly reinvented into a hotel - but the global financial crisis delayed the project.
Read MoreRelaxing loan to value ratios will make property ownership within the reach of many.
For the UAE’s real estate sector, any change to the current status quo on mortgages will be welcome … more so if the proposed law makes it easier for potential end users to come in.
In particular, they are hopeful that new rules will raise the mortgage limit available on off-plan and ready properties. Currently, they are capped at 50- and 70 per cent respectively.
As per the directive, the Dubai Land Department has been tasked with framing the new law on home financing.
Read MoreIt is possible to obtain a Mortgage as a non- GCC National, either resident or non-resident of the UAE, up to 50% Loan to Value (LTV) on a property that is under construction, however, this is limited to projects that have completed 50% of their construction and only then with a handful of developers.
The majority of off-plan developments have payment plans that reflect this, andyou will find 30/70, 40/60 and 50/50 plans on offer from developers, i.e. 50% between booking and completion in construction linked instalments of between 5% and 20% with the final 50% due on Completion.
Once a building has a Completion Certificate issued then the overseas buyer canbook a Mortgage to make the final instalment to the developer.
A 50% LTV Mortgage is a straightforward application and approval process while 51% to 75% LTV is much more stringent and complicated.
Investors poured in about $15.7 billion into Dubai’s property sector in the first three months of 2018, data from Dubai Land Department shows.However, the figure was down by 25% from the same period last year.
Emiratis continued to be the biggest investors in local property as they invested funds worth $1.1 billion across 1,587 transactions.
Indians were the biggest foreign investors with 1,550 transactions worth $817 million.
Read MoreA quarter of consumers believe coverage is too expensive, despite average policies costing Dh220 a year.
While having insurance to protect your personal belongings is standard in many countries around the world, just over one in ten UAE residents have a home contents policy in place, a new survey has found.
According to the price comparison website, yallacompare.com, only 11 per cent of UAE consumers are subscribed to a policy. This is far lower than developed markets, such as the UK, which global insurer Zurich says has a penetration rate of 75 per cent.
Read MoreDubai's approval of a low-income housing policy was an important moment. But questions remain about what constitutes affordable housing and how the policy will be implemented.
For well over a decade now, Dubai has been synonymous with luxury villas, upmarket apartments and property prices comparable to the most expensive cities in Europe, Asia and North America – a playground, essentially, for the conspicuously wealthy and the unapologetically aspirational. But now, the emirate is embracing the concept of affordable housing.
Read MoreIf you have been reading the Dubai property news, then you will know that rents and prices are under pressure, meaning that they are coming down off recent highs.
These reports do not tell the entire story, and it’s important to understand the real facts behind the headlines
The buildings that are poorly maintained, badly designed, have low-qualityrecreational facilities combined with a lack of decent parking are experiencing a definite drop in rents however yields and occupancy levels remain respectable which is not mentioned in many of the reports.
With so few taxes in Dubai, it’s hard to lower them.
“Bottom line—tax planning is unnecessary in Dubai,” according to Mark Nierada, a legal consultant in Dubai.
Dubai is one of seven emirates of the United Arab Emirates, a country that does not impose personal taxes—no income taxes and no death taxes, Mr. Nierada said.
Read MoreThe escrow law primarily shields buyers and investors from certain risks during construction
Read MoreA property that sells for under AED 500k (£100K) and you can expect very small units or inferior quality therefore tough to find a tenant or future buyer but receives a high rental yield.
Property over AED 1.5m (£300k) and you have more luxury in a central location which receives a good demand from buyers and tenants but a lower rental yield.
The sweet spot and focus for investors looking for above-average rental yield combined with quality in Dubai needs to be properties priced between AED 500k and AED 1.5m (GB£ 100k to £300k).
