Doment

Dubai's Rental Disputes Center has ruled that a signed rental contract can be cancelled before handover if deception is proven under the UAE Civil Transactions Law. Either a landlord or a tenant can bring the petition. The case, reported by Gulf News , involved an owner who had agreed to rent a property to a company planning to sublet it. Before handing over the keys, the owner found the company faced court judgments for unpaid rent and previous rental disputes. Its manager was also subject to arrest and bring-in orders tied to bounced cheques. The first instance judges rejected the owner's request to cancel. On appeal, the General Authority of the Rental Disputes Center overturned that and annulled the contract, returning both parties to their positions before signing. Two conditions apply: the handover must not have happened, and deception must be legally established with evidence. A history of past disputes alone does not prove it. Chairman Judge Abdulqader Mousa Mohammed...

India's Income Tax Department has started contacting selected taxpayers who bought residential or commercial property in the UAE, asking them to confirm the holdings appear in their tax filings, Gulf News reported. The outreach is tied to the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), which runs until 31 December 2026. About 1,100 applications have been submitted so far. The scheme has two tracks. The first covers undisclosed assets or income up to Rs 10 million, with a 30% tax on fair market value plus an equal additional sum, 60% in total. The second covers previously taxed assets up to Rs 50 million, including purchases made as a non-resident but left off the foreign asset schedule, and can be resolved with a flat Rs 1 million fee. Assets still undisclosed after the scheme closes fall under the Black Money Act of 2015. That means a 30% tax, a Section 41 penalty of three times the tax, and a Rs 10 million penalty under Sections 42 or 43. The Rs 2 million ex...

Dubai's Executive Council approved the Urban Centres Development Plan on 27 October 2026 at a meeting held at Emirates Towers and chaired by Sheikh Hamdan bin Mohammed. Sheikh Maktoum bin Mohammed and Sheikh Ahmed bin Mohammed also attended. The plan covers 6 main urban centres and 42 sub-centres, which together make up 12% of Dubai's urban area. Spending is put at more than AED 2 billion. The government expects property in the covered areas to be worth AED 20 billion more by 2040. The Supreme Committee for Urban Planning and Dubai Municipality will run it. Two targets are attached. The share of residents living around metro stations should rise from 52% to 74%, and public service coverage from 74% to 85%. The Council also approved a Sustainable Population Planning Policy and a Digital Authorisation System run by Digital Dubai. The system works through UAE PASS and covers only low-risk services that need no notary. The names of the 6 centres and 42 sub-centres have not been ...

An investor who bought a two-bedroom, 1,100 square foot apartment at Terra Gardens in Expo City for AED 2,237,000 is weighing a sale before handover, according to an advisory case covered by The National . Completion is scheduled around 2030. The buyer has paid 20 per cent of the price plus the 4 per cent Dubai Land Department fee, which cannot be recovered on resale. Most developers require between 30 per cent and 50 per cent to be paid before issuing a No Objection Certificate for resale. Broker commissions and administrative charges would add to the cost of selling. The unit was bought in February at roughly AED 2,030 per square foot. By late 2026, comparable two-bedroom units in the development were marketed at AED 2,100 to AED 2,200 per square foot, and secondary asking prices ranged between AED 2,090,000 and AED 2,500,000. Read the full article on Doment: Selling an off-plan Dubai apartment before handover Originally published on Doment , Dubai property intelligence.

Dubai Municipality has issued its Planning and Building Requirements Guide for Shared Housing and Permitted Areas, which puts Law No. 4 of 2026 into practice. It names 44 areas where a unit may be designated for shared housing. They include Al Ras, Al Dhagaya, Al Buteen, Al Sabkha, Ayal Nasir, Al Murar, Naif, Al Rigga, Al Muteena and Al Muraqqabat. On plots fronting Baniyas Road, Sheikh Zayed Road, Jumeirah Road and Al Wasl Road, shared housing is for families only. A unit is allocated either to families or to individuals, not both. A permit is required before any room is let. It runs for one year and is renewable, an owner may request two years, and renewal must be filed at least 30 days before expiry. The law took effect on 8 September 2026. Owners and managing companies have one year to bring existing shared housing into line, with a single extension possible from the Director General. Fines run from AED 500 to AED 500,000, rising to a ceiling of AED 1 million for a repeat breach wi...

Dubai Municipality issued Circular 11-9-1 on 5 October 2026. It sets how long a Building Quality and Safety Certificate stays valid. A building aged 20 to under 40 years gets 10 years. A building aged 40 or older gets 5 years. Renewal requests must be filed within the last 90 days before expiry, and the period is counted from the date on the completion certificate. The certificate is required under Law No. 3 of 2026, issued on 10 March 2026. It applies to buildings completed 20 years ago or more, including those in private development zones and free zones such as the DIFC. Owners, contractors and engineering offices have one year from the law's effective date to comply, and the Chairman of the Executive Council can extend that. Multi storey buildings over 40 years old will be handled first. Fines run from AED 100 to AED 1,000,000, rising to AED 2,000,000 for a repeat within two years. The Municipality can also suspend building permits, freeze Dubai Land Department transactions an...

Parkin has renewed its exclusive right to run paid parking in Jumeirah Lakes Towers for 10 more years. The Parking Management Framework Agreement with the Dubai Multi Commodities Centre was announced on 21 October 2026. Neither side disclosed a contract value. The deal covers about 2,800 bays, 250 of them for motorcycles, under one operator. Parkin handles day to day operation and collects payment through digital and physical channels. It will also install solar power infrastructure at the site. Paul Ashton, chief property officer at DMCC, called the renewal another step in improving the JLT community experience. Parkin chief executive Mohamed Abdulla Al Ali described the district as an important part of the company's portfolio. Who owns the solar assets, and whether any revenue reaches residents' service charges, has not been published. Read the full article on Doment: Parkin keeps JLT's 2,800 paid parking bays for another 10 years: what owners and tenants should read ...

The Dubai Maritime Authority issued Circular No. 35 of 2026 on 13 October 2026. It sets guidelines for leisure anchorage and recreational mooring buoys in Dubai waters, and they apply from the date of the announcement. The authority sits inside the Ports, Customs and Free Zone Corporation. The circular applies to owners of marine craft, operators and their agents, marinas and marine service providers. It requires anchoring only in the designated areas under the published requirements, observance of the collision prevention rules at sea, good seamanship, protection of the marine environment, and immediate reporting of incidents and emergencies. Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, chief executive of the authority, said the aim is orderly use of the leisure anchoring areas and one clear rulebook for all users. The authority says it is monitoring compliance rather than waiting for complaints. For buyers of waterfront homes, the type of berth matters: one registered wi...

Emirates NBD published its nine-month results on 21 October 2026. Gross loans were AED 833 billion at the end of September, up 27% since January, and the bank wrote AED 174 billion of new lending over the period. Retail loans grew 17% and corporate loans grew 22%. Profit before tax was AED 24.3 billion, up 4%, on income of AED 42.2 billion, up 15%. Total assets reached AED 1.38 trillion and deposits AED 935 billion. The third quarter alone produced AED 8.0 billion of profit before tax. Part of the loan growth came from consolidating RBL Bank in India. Without it, loan growth for the year so far is 18% and deposit growth is 12%, rather than 19%. Impairments were AED 2.1 billion, the cost of risk was 37 basis points and the impaired loan ratio was 2.0%. Emirates NBD Capital has worked on more than 70 debt capital markets deals in 2026, raising over USD 60 billion across 13 countries. Read the full article on Doment: Emirates NBD loan book hits AED 833 billion: what 17% retail lending...

Dubai registered 1.04 million rental contracts in 2025, up 7.3 per cent on the previous year, according to Dubai Land Department data reported by Gulf News. Total contract value reached AED 127.4 billion, up 17.6 per cent from AED 108.3 billion. Annual rental value rose 15.1 per cent to AED 98.9 billion. Renewals exceeded new contracts for the first time on record. There were 521,600 renewals, up 4.3 per cent, worth AED 58.3 billion. New agreements numbered 515,300, up 10.5 per cent, worth AED 69.1 billion. Business Bay led annual rental value at AED 4.45 billion, up 22.3 per cent, ahead of Dubai Marina at AED 3.53 billion and the Burj Khalifa area at AED 3.52 billion. By total contract value, the Burj Khalifa area led with AED 7.61 billion, followed by Business Bay at AED 5.50 billion and Al Barsha First at AED 4.42 billion. The Racecourse area posted the sharpest rise in total contract value at 119.8 per cent. Read the full article on Doment: Dubai lease renewals outpace new contrac...

Dubai rents have split by location. In prime districts, asking rents are falling as new handovers arrive. In outer suburbs, rents are rising. Downtown Dubai apartment asking rents fell 21.74 per cent between the third quarter of 2025 and the third quarter of 2026, from AED 180,000 to AED 230,000 in reverse order: from AED 230,000 to AED 180,000. Registered contracts there fell 11 per cent over the first 9 months of 2026. Dubai Marina asking rents dropped 16.13 per cent to AED 130,000, and Business Bay asking rents fell 12.5 per cent. Registered lease contracts rose 11.3 per cent in Me'Aisem First and 10.3 per cent in Al Yelayiss 2 over the same 9 months. Jabal Ali First villa leases rose 16.9 per cent. Rental registrations in Al Yufrah 1 jumped 144 per cent. New leases exceeded renewals by 633 contracts in July and 2,139 in August, ending 36 months in which renewals led. Daily Property Finder apartment listings in September were 55.1 per cent higher than a year earlier. Read the f...

Asking rents fell in 9 of the 10 monitored Dubai apartment communities between Q3 2025 and Q3 2026, according to Property Finder figures reported by Khaleej Times. Dubai Hills Estate was the only one to stay flat. Downtown Dubai recorded the largest drop at 21.7 per cent, followed by Dubai Marina at 16.1 per cent. The combined median apartment asking rent peaked at Dh135,000 in December 2025 and fell to Dh100,000 by June 2026. It was Dh100,000 in August and Dh105,000 in September. Daily apartment listings on Property Finder in September 2026 were 55.1 per cent higher than a year earlier. Tenant enquiries rose 15.4 per cent, so each listing drew 23 per cent fewer enquiries on average. Eight of the 10 monitored villa communities also posted lower asking rents. Al Furjan was the only villa community with an overall gain, at 15.15 per cent. Where asking rents soften and capital values hold, gross rental yields contract. Read the full article on Doment: Where Dubai rents are fallin...

Studios accounted for 22.5% of ready flat sales registered by the Dubai Land Department in 2025. That was 9,995 of 44,366 sales and the highest share since the 2019 data begins, when it was 20.8%. The share fell to 16.8% in 2021, when ready flat sales rose from 9,872 to 19,228 and studios made up 3,234 of them. It has risen every year since: 19.5% in 2022, 19.6% in 2023, 21.3% in 2024 and 22.5% in 2025. Total sales grew over the same period, reaching 44,366 in 2025. For 2026 to 26 September, studios were 5,169 of 23,268 ready flat sales, or 22.2%. Doment publishes the approved service charge for 1,749 buildings. It runs from 1 AED to 94 AED per square foot. The figures may be reproduced with attribution to Doment. Read the full article on Doment: More than one Dubai flat in five sold is a studio, and the share has risen every year since 2021 Originally published on Doment , Dubai property intelligence.

Dubai Land Department reported on 14 October 2026 that 104 real estate projects were completed in the first half of the year, with a combined value of more than AED 111 billion. That is 52% higher than the same six months of 2025. The figure was announced at the RISE 2026 summit at Dubai World Trade Centre. Omar Hamad BuShehab, the department's director general, gave the opening address. At a panel session, Majid Saqr Al Marri, chief executive of the department's corporate support sector, listed the department's current measures: the First Time Home Buyer programme, the Initial Registration platform for developers, the Dubai REST app and the Malik AI assistant. These sit under the D33 economic agenda and the Dubai Real Estate Sector Strategy 2033. Rents tend to soften before sale prices when a large volume of new stock is handed over, since a tenant can move within sixty days. Read the full article on Doment: Dubai completed 104 projects worth AED 111 billion in the first ...

Dubai's secondary market recorded 10,055 completed homes sold in the third quarter of 2026, up 16 per cent on the second quarter. Total residential transactions were 34,615, broadly flat on the previous quarter. Completed property took 29 per cent of sales volume, up from 24 per cent, and Dh27.1 billion in value, or 37 per cent of the total, up from 30 per cent. The data comes from betterhomes, as reported by Khaleej Times. Existing apartments drove the rise, with secondary transactions up 22 per cent to 7,879 units. Villa and townhouse secondary sales were broadly unchanged. Prices eased in the quarter. Median apartment prices in September were Dh1,404 per square foot, down 2.4 per cent from June, and villas and townhouses were down 2.3 per cent at Dh1,638. Against September 2025, apartments were up 2.2 per cent and villas and townhouses up 4.1 per cent. Apartment rents fell 3.8 per cent and villa and townhouse rents fell 2.3 per cent. Leasing enquiries rose 45 per cent on the sec...

Sheikh Mohammed bin Rashid Al Maktoum said on 13 October 2026 that Dubai has about AED 2.1 trillion of projects under way, of which AED 1.1 trillion is real estate work running to 2030. He was speaking at the opening of the Mohammed bin Rashid Leadership Forum at Dubai World Trade Centre. Roughly 350,000 homes are part of that figure. Other items on the list: AED 151 billion for power and water grids, AED 128 billion for Al Maktoum International Airport, AED 100 billion for roads and the Metro Blue and Gold lines, and more than AED 100 billion for the second phase of Dubai International Financial Centre. Dubai Data and Statistics Establishment recorded a population of 4,807,185 on 29 September 2026, up 226,885 since the start of the year. Read the full article on Doment: Dubai commits AED 1.1 trillion to real estate to 2030 and plans 350,000 homes: what it means for buyers and tenants Originally published on Doment , Dubai property intelligence.

The UAE federal budget for 2027 has been set at AED 90.1 billion, as the first year of a three-year plan worth AED 292.5 billion for 2027 to 2029. The Cabinet approved both on 12 October 2026 under Federal Decree-Law No. 26 of 2019, as amended. Sheikh Mohammed bin Rashid Al Maktoum chaired the meeting. The 2027 allocation is split as follows: social development and pensions AED 34.6 billion (38.4%), government affairs AED 29.1 billion (32.3%), federal expenses AED 17.8 billion (19.7%), financial investments AED 5.6 billion (6.2%), and infrastructure and economic AED 3 billion (3.4%). This is the federal budget, not Dubai's. Registration fees, the 4% transfer charge, Ejari, service charges and the rent index are set by Dubai bodies, which run their own budget cycle. The 2028 and 2029 figures were not broken out, so AED 202.4 billion across those two years has not been allocated publicly. Read the full article on Doment: UAE approves AED 292.5 billion federal budget plan for 20...

Dubai Finance has put the emirate's cashless transactions index at 90.1%, above the 90% target set for the end of 2026. The figure comes from its final report to the Dubai Strategic Affairs Council. It is built from data supplied by the Central Bank of the UAE, Transguard, payment acquirers, international card networks and Dubai government entities. The programme was launched in October 2024. Dubai government entities received 99.66% of their collections without cash in the first half of 2026. The Digital Enablement Index is at 100%. Dubai Finance counts more than 70 partnerships and puts its strategic accelerators at 95% complete. It scores the three pillars at 97% for governance, 95% for society and 93% for innovation, and credits the work with more than AED 8 billion added to the economy. For property, the payments covered include the 4% transfer fee at Dubai Land Department, Ejari registration and the DEWA deposit. Rent has not changed: tenancies are still usually secured wi...

Dubai Municipality's Buildings Regulation and Permits Agency launched the Existing Buildings Greening Guide on 16 September 2026. It is aimed at owners, operators, consultants and investors who already hold buildings, and it lists measures to cut energy and water use, lower carbon emissions, reduce operational waste and improve indoor air and occupant comfort. The guide is not a mandate. No deadline, numerical target or penalty was announced. The municipality calls it a decision-making framework built on economic feasibility. Agency chief executive Maryam Obaid Al Muhairi framed it around lower operating costs as well as lower emissions. Al Sa'fat, the green building system, already applies to new building permits. Service charges Cooling, pumping and common-area lighting drive service charges in jointly owned towers. Towers handed over between 2006 and 2009 are now 17 to 20 years old. Retrofits are paid from the reserve fund or a special levy, so charges may rise for a year...

Doment has withdrawn the asking-against-recorded percentage from its villa, townhouse and penthouse pages, because the Dubai Land Department register does not tell those homes apart. The register has two residential sub types, Flat and Villa. The first penthouse comparison showed asking prices 159.5 per cent above the recorded median, because penthouses were being measured against every flat in Dubai. Townhouses are filed as villas. In the twelve months to 26 September 2026 the register recorded 13,756 villa sales and 11 Stacked Townhouses sales. On Doment, 5,987 villas are advertised at a mean asking price of AED 15,293,482, and 4,143 townhouses at AED 3,649,749. A villa asks about 4.2 times what a townhouse asks. The percentage stays on the apartment, studio and whole-market pages. Villa pages keep the recorded median, labelled as ready villas and townhouses together, with a note explaining the missing comparison. Read the full article on Doment: The Dubai register files a ...

Bay Estate, a gated Nakheel project on Island E of Dubai Islands, was announced on 5 October 2026 with sales now open. It brings about 360 homes to market, together with beachfront and waterfront plots. It is the first residential community on Island E, the lowest density of the 5 islands in the masterplan. The homes are 3 and 4 bedroom garden villas, attached villas and townhouses, split across 3 districts: Cala, Verda and Agora. The site covers 653,709 square metres, with 2.4 kilometres of beachfront and 6.5 kilometres of waterfront. Facilities include a beach club, a clubhouse, marina facilities, retail and wellness space, sports courts, children's play areas and landscaped walking routes. Nakheel expects more than 12,000 residents once the community is full. Dubai Islands lies off the Deira coast and is reached by 3 bridges. It is 10 kilometres from Dubai International and 15 kilometres from Downtown Dubai. The wider plan covers roughly 62,000 homes across 18.6 square kilom...

S&P Global expects Dubai's residential stock to grow 20 percent over the next two years, with new deliveries arriving in 2027 and 2028. The rating agency says the added supply, together with regional instability, will likely push apartment prices and transaction volumes lower, Khaleej Times reported. Some segments have already corrected. S&P Global links the first shift to visa reforms that attracted more long-term investors. It assumes regional disruption continues into next year, which could speed adjustments in investor-driven apartment segments. Price declines have stayed moderate in the seven months since the conflict began. Cavendish Maxwell data put third-quarter residential sales at Dh72.6 billion across 34,000 transactions. Sales value fell 47 percent and transactions fell 38 percent year on year. Analysts attribute the drop to the registration lag clearing. Off-plan mortgages introduced earlier this year carry a 50 percent maximum loan-to-value ratio and a...

Dubai residential property sales fell sharply in the third quarter, according to figures reported by The National . Buyers held back amid regional uncertainty linked to the conflict involving Iran. Home sales totalled Dh72.6 billion in the three months to the end of September, down 47 per cent on the same period a year earlier. Transactions fell 38 per cent to 34,000 homes. Off-plan properties made up 65 per cent of sales value and 72 per cent of purchases. The figures mix recent and earlier activity because of the lag between agreeing a purchase and registering it. For the first nine months, transactions fell 23 per cent to 112,580 and values dropped 27 per cent to Dh292 billion. Dubai Land Department data shows sales averaged 12,644 a month from March to September, down 26 per cent from 17,198 in January and February. Prices fell between 5 per cent and 15 per cent from the end of 2025 through September. S&P Global Ratings expects a gradual correction rather than a rapid colla...

The Supreme Committee for Urban Planning announced a new addressing identity for Dubai on 7 October 2026. The RTA and Dubai Municipality will carry out the work, replacing street signs and house number plates across 186 areas, which sit inside 19 sectors. Installation starts in the fourth quarter of 2026 and the rollout runs to 2030. Phase one covers 5 areas: Za'abeel 1, Za'abeel 2, Nad Al Sheba, Al Khawaneej 1 and Nazwa. More than 2,000 signs will be installed or replaced there. The programme includes area identification signs at the entrances to each area, internal street name signs in 5 colours matched to the surrounding landscape (blue for areas by the sea, gold for desert surroundings), and house number plates showing the property's Makani number beside a QR code. Bus stops, area map boards and smart apps follow in later phases. The QR codes are meant to return the sector and area name, the meaning of the street or area name, and nearby points of interest. Priorit...

Dubai Municipality issued its Planning and Building Requirements Guide for Shared Housing and Permitted Areas on 7 October 2026. It puts Law No. 4 of 2026 into measurable terms. The law took effect on 8 September 2026. Areas: More than 44 areas are approved, including Al Souq Al Kabeer, Al Ras, Al Muraqqabat, Al Rigga, Al Warqa 1 and Al Barsha 1. The Municipality says more will be added later. Standards: Bedrooms must give at least 5 square metres per occupant, with one complete bathroom for every 4 residents. A unit is for families or for individuals, not both. Families get their own bedrooms with en-suite bathrooms. Shared kitchens, sanitary facilities, dining areas, recreation space and laundry must meet the Dubai Building Code. Permits: No unit can be allocated to shared housing without a permit. Applications go through the Build in Dubai platform, and compliance is checked against Dubai Civil Defence and SIRA requirements. Deadline: Owners and management companies have un...

Over the twelve months to 26 September 2026, the Dubai Land Department recorded 35,470 sales of ready apartments at a median of 1,399 AED per square foot . Listed asking prices across the city carry a median of 1,828 , a gap of about 31 per cent. The gap varies by area. In Downtown Dubai , 1,463 registered sales show a median of 2,657 AED per square foot, while asking prices carry a median of 3,250, a gap of 22.3 per cent . In Dubai Marina , 2,648 registered sales show a median of 2,344, against an asking median of 2,262, a gap of minus 3.5 per cent . Other areas measured over the same period: Dubai Silicon Oasis, 1,153 sales, asking median 1,139 against a recorded median of 991, a gap of 14.9 per cent. Jumeirah Village Circle, 4,304 sales, asking median 1,415 against a recorded median of 1,312, a gap of 7.9 per cent. Meydan, 1,616 sales, asking median 2,071 against a recorded median of 2,044, a gap of 1.3 per cent. Read the full article on Doment: Downtown sellers ask 22% above w...

Doment, a Dubai property intelligence platform, has published rental yield figures for three Dubai areas calculated against the Land Department's registered sale prices rather than asking prices. Dubai Silicon Oasis showed an average asking rent of 92 AED per square foot a year against a registered sale price of 991 AED per square foot, a gross yield of 9.3% . Downtown Dubai showed a rent of 191 AED per square foot and a price of 2,657 AED, for a yield of 7.2% . Dubai Marina showed a rent of 127 AED and a price of 2,344 AED, for a yield of 5.4% . These were the only three areas with at least 120 flats advertised for rent and at least 100 sales registered over the past twelve months. Doment also records service charges across 1,749 buildings, averaging 14.4 AED per square foot a year, with a range of 1 to 94 AED. Read the full article on Doment: Dubai rental yields, divided by what buyers actually paid: 9.3% in Silicon Oasis, 5.4% in the Marina Originally published on Doment , ...

The Government of Dubai Media Office reported on 5 October 2026, to mark World Teachers' Day, that more than 835 educators have applied for a Dubai golden visa since the scheme opened. The visa lasts 10 years and is not tied to a single employer. It runs under directives from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and is assessed by the Knowledge and Human Development Authority under the Education 33 strategy. It covers staff at private early childhood centres, private schools and international higher education institutions in Dubai. Applicants are assessed on academic qualifications, a record of improving teaching quality and student results, contributions to education and the community, and feedback from parents and students. In the first round, 223 of 435 applicants were approved, most from schools. Read the full article on Doment: Dubai golden visas for teachers pass 835 applications: what 10 year residency does to renting and buying Ori...

A review of Mollak service charge data across 1,749 Dubai buildings shows a median of 13 AED per square foot a year, with a range from 1 to 94. Among buildings with at least a hundred registered sales, Golden Mile 1 in Palm Jumeirah charges 57 AED a square foot a year, the highest in that group. Summer 1 in Jumeirah Village charges 6 AED , among the lowest. Both figures are from the 2023 budget year. On a 1,000 square foot flat, that is AED 57,000 a year at one end against AED 6,000 at the other. By community, Jumeirah Lakes Towers averages 23.9 AED a square foot across 105 buildings, Palm Jumeirah averages 21.3 across 90 buildings, and Business Bay averages 16.1 across 150 buildings. The figures come from the Land Department's Mollak system. Most buildings' data stops at budget year 2023, with 2024 still thin. Each building's charge on Doment's building directory is listed with its budget year. Read the full article on Doment: Golden Mile 1 charges 57 AED ...

Dubai Land Department recorded 16,490 property transactions worth AED 50.78 billion in September 2026, lifting the nine month total to 165,018 deals worth AED 574.12 billion. September volume rose 3.3% over August's 15,960 transactions, and value rose 9.9% over August's AED 46.22 billion. Sales, excluding mortgages and gift transfers, totaled 11,430 deals worth AED 29.66 billion in September. Over the nine months, off-plan sales numbered 84,090 against 39,320 completed sales, yet completed property carried the higher value at AED 196.08 billion versus AED 183.32 billion for off-plan. That works out to roughly AED 4.99 million per completed sale and AED 2.18 million per off-plan sale. Business Bay led all areas for the nine months with over AED 20 billion, followed by Airport City at AED 17.72 billion and Al Yalayis 1 at AED 16.09 billion. Mortgage registrations reached 34,910 over nine months, worth AED 151.13 billion. Gift transfers totaled 6,692 deals worth AED 43.6 b...

Dubai's Land Department registered two bedroom apartment sales across five areas, with recorded prices from AED 1,560,536 in Jumeirah Village Circle to AED 3,725,257 in Downtown Dubai. The register recorded 603 sales in Downtown Dubai, 880 in Dubai Marina at AED 3,198,017, 331 in Meydan at AED 2,243,934, 202 in Dubai Silicon Oasis at AED 1,811,177, and 644 in Jumeirah Village Circle. Asking prices today differ from those figures. In Downtown Dubai, sellers want AED 4,618,745, about AED 893,000 above the recorded sale. In Jumeirah Village Circle, the asking price is AED 1,766,413, about AED 206,000 higher. In Dubai Marina, the asking price is AED 2,894,680, and in Dubai Silicon Oasis it is AED 1,425,603, both below the recorded sale. In Meydan, the asking price is AED 2,175,656, close to the recorded figure. Read the full article on Doment: A two-bedroom in Dubai: AED 1.56m in JVC, AED 3.73m in Downtown, on sales the register recorded Originally published on Doment , Dubai prop...

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. 24 of 2026 on 30 September 2026, reconstituting the Supreme Fiscal Committee. Sheikh Ahmed bin Saeed Al Maktoum becomes chairman and Abdulrahman Saleh Al Saleh becomes vice chairman. Saeed Mohammed Al Tayer and Essa Abdulfattah Kazim join as members. The decree took effect the day it was issued and will be published in the Official Gazette. Under the founding Decree No. 24 of 2007 and its 2009 amendment, the committee approves Dubai's fiscal policy before it reaches the Executive Council, sets ceilings on public debt and public expenditure, ranks development projects against strategic priorities, and advises the Ruler on borrowing, budget deficit financing, and taxes and fees not tied to a specific service. Fees charged for a service, such as the Dubai Land Department's 4% transfer fee , sit outside its remit. No new fee was announced alongside the decree. Sheikh Ahmed bin Saeed chairs Emirates Group, Al Sa...