Author: ddpeditor

Damac Properties a leading Real estate developer announced that it would accept cryptocurrencies Bitcoin and Ethereum for property selling.

Damac says the purchase of property through cryptocurrency will revolutionise the future of real estate. it will also provide convenience and optionality to real estate investors around the globe.

customers holding cryptocurrency have a good option and this is great for the new economy for newer generations, and for the future of our industry.

The adoption of cryptocurrencies is increasing at an exponential rate in the UAE. Recently, a Dubai-based announced Bake N More and delivery startup YallaMarket announced that would accept cryptocurrencies as mode of payment.

The UAE’s determination to develop the crypto industry has attracted large companies recently. Major crypto exchanges are shifting their base to Dubai following the Government’s decision to issue virtual asset licenses under the Dubai Virtual Assets Regulatory Authority.

Dubai is heading towards becoming a crypto hub. The Emirate is also promoting other virtual assets with crypto-friendly regulations.

Now purchasing property by using cryptocurrency which was a dream is now possible in Dubai.

Dubai Properties is one the bigget developer located in the United Arab Emirates and is one of the best for molding a portion of Dubai’s most famous and notable land objections.

Assuming a main part in driving the fruitful turn of events and enhancement of perhaps of the most essential area in the economy, Dubai Properties is focused on making private improvements across the Emirate that give unmistakable and advancing ways of life to occupants. With north of 16 years of involvement with the private land area, Dubai Properties has an inside and out comprehension of the center requirements of property holders and worldwide financial backers and has been giving inventive land and way of life answers for a really long time. Dubai Properties’ flexible arrangement of activities traverses the Emirate from Jumeirah Ocean side Home (JBR) and Business Narrows to DUBAILAND, Jaddaf Waterfront and then some.
The Dubai Properties example of overcoming adversity started in 2002 when it started tasks as Estithmaar Realty, with the vision of laying out an elite land and resource the executives association that would assume a key part in Dubai’s expanding land industry. It was established with a solitary task, Jumeirah Ocean side Home (JBR), acclaimed as the world’s biggest single-stage private undertaking.

Dubai Properties advanced in 2005 to turn into an organization of Dubai Holding (DH), a differentiated worldwide organization with tasks in 13 nations and 10 areas, following its foundation in 2004 to deal with an arrangement of undertakings supporting Dubai’s financial, social and modern turn of events.

With north of 10 years and a portion of industry experience, today Dubai Properties is a private designer that has painstakingly made long haul key objectives extraordinarily positioned to make private objections that support Dubai’s situation as the area of decision in the district wherein to live and contribute.

Current projects Villa nova, JBR,Dubailand.

Ejari is the tenancy contract registration system.

we can check percentage increase of rental value by visiting dubai land department website https://dubailand.gov.ae/ and then clicking on e-services, selecting the rental increase calculator, and then entering Ejari contract data to check out the percentage of the increase in the rental value.

What is sub leasing .

The original tenant re-renting the property to another party

If the owner accepts and give permission then the original tenant can re rent or sublease the property

Can owner tell the tenant to vacate the property immeditately.

No the owner have to give notic for the tenant to vacate the property .

There are two different type of residencies
A) Three-year residency on a property whose worth is AED at least 750,000 and a Five-year residency on a property whose worth surpasses AED 2 million.
A base property estimation of AED 2 million (completely paid, not sold) (beyond what one property can be acknowledged) under the candidate’s name.
The individual should be in the UAE.
Requirement for 5 years residency
Taking a clinical wellness test.
Briefly suspending or dropping the family residency.
Cancelling the candidate’s visa.
Giving of a residency and Emirates ID (for 5 year)
Lifting the temporary suspension of the family residency.

Family members can be sponsered by the investor who have purchased the property

Even if the property is under contruction you can apply for the residence visa as long as your investment amount have been paid which is 750,000 or 2 million Dirhams.

AUGUST 2022 RECORDS THE HIGHEST SALES TRANSACTIONS WORTH AED 24.34 BILLION IN LAST 10 YEARS

August grandstand a positive opinion on the land area with a record development in the complete deals exchanges. During the period of August 2022, deals exchanges surpassed last year’s exchange with a critical increment of 69.57 percent contrasted with August 2021, which recorded the best execution for a month at any point kept over the most recent 10 years.

The auxiliary market keeps on catching the housing market with the biggest exchanges by 54.81 percent regarding volume and 64.91 percent concerning esteem. Contrasting the general year on year execution with a similar period last year the optional market saw the second most noteworthy exchange volume at any point arrived at in a month through the last ten years which expanded by 67.55 percent as far as volume contrasted with August 2021, and around 57.35 percent regarding esteem.

The off-plan deals exchanges accomplished the most noteworthy exchanges volume in August 2022 and kept a huge increment by 72.10 percent with regards to volume, and 76.50 percent concerning esteem, contrasted with August 2021.

Then again, the all out tenant agreements in August 2022 arrived at 47,212 enrolled leases of which 60.53 percent were new agreements while 39.47 percent were recharged. Yearly agreements procured 87.27 percent of the complete agreements while 12.73 percent were non-yearly. Furthermore, the enlisted leases for private purposes obtained 70.92 percent of the absolute agreements, while 28.16 percent were enrolled for business purposes.

August’s tenant agreements stayed solid and saw a 10.57 percent expansion, upheld by the new agreements which expanded by 19.43 percent contrasted with July 2022. The yearly agreements keep on ruling the rental market and developed by 12.29 percent contrasted with July 2022 and 4.4 percent Year-on-Year, while the rental leases for business purposes saw an increment of 21.34 percent contrasted with July 2022. In addition, the rental leases for private purposes expanded by 7.45 percent contrasted with July 2022.