A recent 0.5% rate cut by the US Federal Reserve is set to benefit UAE homebuyers with lower mortgage rates and improved affordability. Experts expect local banks to reduce rates soon, with some already lowering them. For instance, a 3-year fixed-rate mortgage on an AED 2 million property could drop from 4.40% to 3.90%, saving buyers AED 473 per month. This rate reduction is timely, given rising rents...
Emaar is considering a new “super tower” in Dubai, poised to surpass all other developments in height and potentially become the world’s second-tallest building. Founder Mohamed Alabbar is reportedly working on incorporating cutting-edge, sustainable technologies never before used in global projects. The proposed super tower, still in its design phase, could be located near Burj Khalifa in...
Countries across the Arabian Gulf have put airports at the heart of ambitious tourism plans. Love at first sight is a real thing. Nothing makes a better impression than the first one, and that’s why airports are important. A well-managed and efficient airport is the best way to showcase the city – and the country – to the world. Home to some of the finest airlines in the world, the Middle East...
With UK tax increases looming, many wealthy Britons are exploring relocation, with Dubai emerging as a top destination. Prime Minister Keir Starmer has signaled that the upcoming budget will target high earners with potential increases in capital gains and inheritance taxes. Relocation companies catering to affluent clients report a surge in inquiries, driven by concerns over tax hikes. Wealth managers...
