Author: Ra'uf Asim Rahal
The family offices are becoming popular within a short period, and they contribute to the real estate sector in Dubai based on high-net-worth client solutions. This trend is offsetting the crystallisation trend and is resulting in a significant rise in the setting up of foundations and entities associated with well-known family businesses and personalities at the DIFC. Speaking on the development, Sachin Kumar Singh, Business Head and Managing Partner at Foremen Fiefdom, a real estate service company based in Dubai stated that: “Appointments of family offices in Dubai are evidencing the acknowledgment on individualized wealth management solutions for successful and…
Acube Developments has recently introduced Electra, a residential tower which is a 38 storey building in the Jumeirah Village Circle in Dubai with over 50 fun facilities like that of a theme park. Real estate investments begin at $204,000, which entails private pools, a water park, bowling alley, cinema, and games arcade. Development of Electra is expected to start in the second quarter of 2024 with completion planned for the second quarter of 2027. The tower will be named after the blue-white star located in the Taurus constellation and will comprise of 278 residential units which include studios and one,…
As Dubai’s property market continues its upward trajectory, potential homebuyers face a crucial decision: DECIDING BETWEEN A NORMAL HOME LOAN OR A Mortgage. This choice has profound consequences for at least the financial outlook in the long-term and the possession of assets. The following are the advantages and disadvantages of each option within the UAE’s legal framework according to the experts. Home Loan vs. Mortgage: Introduction to the Basics Even though the home loans and mortgages share the common characteristic of applying for a loan with the home as the collateral, there are certain distinctions that potential homeowners need to…