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Last week in real estate: 11 – 17 August 2018

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The long Eid weekend is upon us and residents across the UAE are taking the time off to relax and rejuvenate. But there is one thing we can always count on to never take a break, and that is the UAE real estate market. This is why we do weekly round-up of all the UAE real estate news updates that were announced from the previous week. So without further ado, let’s get into all the announcements and news updates in the UAE real estate market from the 11th – 17th August 2018. Top UAE real estate news headline in the UAE Here are the top highlights from the UAE property news sector. RADISSON HOTEL LAUNCHED IN DUBAI DAMAC HILLS First up on our roundup of all the UAE real estate news headlines is an announcement that DAMAC Properties, one of the UAE’s leading real estate developer, has signed a cooperation agreement with Radisson Hotels…

5 budget-friendly upgrades to make your kitchen look luxurious

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If you are looking for some affordable home improvement ideas to bring life to your home, why not start with the kitchen? When it comes to home improvement, a lot of us tend to ignore upgrading the kitchen; the focus is always on either the living rooms or bedrooms. Well, changing up the environment of a kitchen can do wonders and bring life to your home, especially if it is an open plan kitchen. So without further ado, let’s go into some affordable kitchen upgrades you can do at home to make your kitchen look like it belongs in a 5-star hotel. 5 Easy Kitchen Upgrades to make it look luxurious The following kitchen upgrade techniques are great for both, people who don’t and do have a knack for being crafty. These kitchen upgrades are simple, easy, budget-friendly and best of all, don’t require any fancy tools to carry out. If you…

Top 5 areas to rent 2-bedroom apartments under AED 110k in Abu Dhabi

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Are you looking to rent a 2-bedroom apartment in Abu Dhabi? Well, now is a perfect time. With rents decreasing all across properties in the capital as stated by the 2018 H1 real estate market report in Abu Dhabi, now is the best time to take advantage and upgrade to a spacious 2-bedroom apartment in Abu Dhabi. Let’s take a closer look at the top five areas where you can rent 2-bedroom flats in Abu Dhabi under AED 110k. Al Khalidiya takes the top spot for renting 2-bedroom apartments in Abu Dhabi under AED 110k 1. Al Khalidiya Sitting right on top of our list of popular areas for renting 2-bedroom apartments in Abu Dhabi is the residential community of Al Khalidiya. Developed by master developer ALDAR, this area has claimed the top spot, and rightly so, because if you are living in Al Khalidiya you get to enjoy the luxury of…

Area focus: The top 5 buildings for renting in Jumeirah Lake Towers

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Looking at renting apartments in JLT? Well, today is your lucky day! Today, for our final round up of the JLT series, we bring you all the information about the most popular towers in JLT for renting an apartment. Read on to know more about which buildings made it to the top five for renting in JLT. Why rent apartments in JLT? Jumeirah Lake Towers (JLT), without a doubt, is one of the best residential areas for families in Dubai. Situated right opposite the swanky Dubai Marian, the JLT apartments offer its residents all the facilities, amenities and lifestyle that residents living in Dubai Marina enjoy but at a more affordable price. The average prices for renting apartments in Dubai Marina range between AED 60k – AED 130k, whereas, average prices for renting apartments JLT range between AED 54k – AED 103k. Therefore, you’re definitely getting a bang for your buck if you are thinking of renting…

Hottest Dubai Real Estate Areas to Invest in 2018

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When it comes to real estate, there really is no city quite like Dubai, which is a haven for property investors. The emirate has a plethora of futuristic, cosmopolitan projects for buyers to choose from. With the months swiftly passing by, let’s look at which locations have emerged as the best areas for investment in Dubai property, this 2018. Most Popular areas for property investment in Dubai, 2018 With the market favouring buyers in the past few months, the time is certainly perfect for those looking at property investment in Dubai. It’s important to choose the right location when it comes to real estate investments, as this is a big factor in the ROI you can expect from it in a few years time. While some of the areas listed here may seem a little on the higher side in terms of budget, their overall prospects for development make them…

Last Week in Real Estate : 4-10 August, 2018

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As we wrap up the first few days of August and the dusty skies of the earlier week clear to reveal the bright rays of the sun, the real estate industry in Dubai continues to make headlines with amazing new projects, handovers and construction updates. Let’s take a look at the Dubai property news of note from the week that went by. New Riviera development scheduled to open this December in Dubai The Creek Marina is the latest waterfront development in Dubai that is set to pique the interest of real estate investors in the city. Modelled after the French Riviera, this beautiful new project is taking shape at the Dubai Creek Harbour. Aficionados of property news in the UAE welcomed the announcement of the upscale development by Emaar which will feature a marina with docking stations for luxury yachts along with a Yacht Club and refuelling stations. It will…

Area Focus: Jumeirah Lake Towers sales trends

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Looking at buying a property in Jumeirah Lake Towers? Well if you are, it is a decision you will not regret. After all, owning an apartment in Jumeirah Lake Towers is the most sought-after amongst investors. More lovingly known as JLT by its residents, the real estate in JLT offers a unique living experience that many find alluring. With its numerous opportunities for dining, entertainment, and close proximity to all of Dubai’s main business hubs, living in JLT is perfect for working professionals and new families. Many commercial businesses have also setup up shop in here due to its free zone status. The fact that JLT is both a residential and free zone makes it an ideal destination to start a business in Dubai as well as live in. All these factors combined make it the seventh heaven for investors looking to buy an apartment in JLT. If you are someone who has plans for buying property in JLT, MyBayut brings…

Ajman Agent and Agency of the Month for July 2018: Property Tech LLC

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Each month, the Bayut team analyses the performance of dozens of brokers to determine who has been on top of their game and is deserving of the Agency of the Month award. Just as we revealed the Agency of the Month for Dubai and Abu Dhabi, we want to acknowledge a top performing agent and real estate agency in Ajman. This July, Ajman’s Property Tech LLC has won the prestigious Agency of the Month award for their stellar performance in the past month in the Ajman real estate market. Property Tech’s real estate agent Rayees Bin Abdul Rahman was also honoured with our prestigious Agent of the Month award for July.  Read on to find out all about this month’s winning real estate agency in Ajman. ABOUT PROPERTY TECH LLC With over a decade of experience, Property Tech LLC has grown to become a leading real estate agency in Ajman. The focus of their business has always been delivering excellent…

Last month in real estate: July 2018

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Another month has gone by and as always there have been some major developments and numerous property updates in the UAE. As the summer heat dawns upon us, let’s take a look back at the month of July and recap all the UAE property news which made the biggest headlines. dld reports Real estate transactions in Dubai hit AED 111billion The most talked about news update in the UAE property news segments this month was the report released by the Dubai Land Department (DLD), which revealed that real estate transactions in Dubai for the first half of 2018 reached AED 111B.  According to the report, a total of 27,642 transactions were recorded in the Dubai real estate market, worth 18,191 sales with a whopping AED 40B, 7,668 mortgage transactions worth over AED 57.6B, and 1,783 other transactions valued at AED 13.4B. The report also revealed that UAE nationals topped the list with 2,986 investments…

The best areas to find hotel apartments in Abu Dhabi

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Looking for serviced apartments in Abu Dhabi? Today, MyBayut brings you a round-up of the best areas to rent hotel apartments in Abu Dhabi. These short-term apartment rentals in Abu Dhabi are perfect for those visiting the UAE for a short while, or looking for alternate housing on a temporary basis in the capital city. TOP 5 Areas with the best Hotel Apartments in Abu Dhabi Our data team has taken a look at the user search trends and have compiled a list of the most popular areas to find hotel apartments for rent in Abu Dhabi. Let’s take a closer look at the areas that have made it to the list of popular areas to rent hotel apartments in Abu Dhabi. 1. Tourist Club Area (TCA) The Tourist Club Area has claimed the first place for renting hotel apartments in Abu Dhabi. TCA is one of the oldest areas of the capital city and is…