#property for sale in UAE

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property for sale in uae

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property for sale in uae

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RGEstate.Com By Riveria Global Group is committed commercial real estate agency in Dubai and one stop destination for all your property requirements; has different types of commercial, residential & industrial properties for sale and rent options in Dubai and across the UAE.

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Will Dubai Real Estate Market withstand the 2023 Recession?

As a global recession is expected, questions such as “Will Dubai be able to withstand this situation?” arise.

During the pandemic, the UAE maintained its economic position in the global market, and it will undoubtedly surpass this global recession. Dubai, the City of Gold, broke all transaction records and set new highs for luxury home prices. This call for a celebration to Dubai brokers. Property for sale in Dubai may be known as luxurious and high-end, but the prices will vary greatly.

The market is expected to fall by 12 to 30 percent between 2023 and 2024. Understanding what caused the Dubai real estate market to soar will serve as a guide for avoiding the upcoming recession. Since the UAE has been a residential haven, it has numerous designed homes in various locations with widely differing offers, making Dubai properties an investment goal.

Higher interest rates have never been good for the real estate market, and they are a major contributor to the current property decline. The UAE has done an excellent job of positioning itself as a haven for people and capital, and we are now witnessing a renewed period of migration to Dubai, which will fuel the real estate market through 2023 and beyond. Investors will have a good chance of recouping their investment if the unit is rented out. Property for rent in Dubai is plentiful, providing tenants with numerous options that fit their budget.

Back to the question, if Dubai be able to withstand the upcoming global recession. Looking at the current situation, it will not be affected. It has prepared itself for any upcoming events like this. Today’s market is more regulated, diverse, and showing signs of maturation. Nothing can stop Dubai or UAE real estate market. To know more about hot properties in Dubai get in touch with the Best Real Estate Brokers in UAE.

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Find Your Dream Dubai Villa: Luxury, Pool, Beachfront & Freehold Optionspen

Explore Dubai's stunning selection of villas for sale. From beachfront paradises to luxury estates with private pools, discover freehold properties for a perfect lifestyle.

Dubai, the dazzling city of dreams, beckons with its luxurious lifestyle, world-class amenities, and breathtaking beauty. What better way to embrace this paradise than owning your very own Dubai villa? Home Station presents an exclusive guide to finding your dream villa in Dubai, catering to every desire – from sprawling beachfront estates to intimate havens with private pools. Luxury Villas for…

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Invest in Dubai Real Estate

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Discover the comprehensive guide to a successful career in Dubai real estate. In this blog we cover all key insights, growth opportunities, and essential tips for thriving in this dynamic and lucrative industry.

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how to invest in dubai realestate

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From Dreams to Reality: The Best Luxury Properties for Sale in Dubai, UAE - The Luxury Real Estate

Dubai, a city synonymous with luxury and opulence, has become a prime destination for those seeking the very best in real estate. Whether you’re looking to invest or searching for a breathtaking new home, the market for luxury property for sale in Dubai, UAE, offers unparalleled options that transform dreams into reality. For more details, visit https://theluxuryrealestate.ae/from-dreams-to-reality-the-best-luxury-properties-for-sale-in-dubai-uae/

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property for sale in uae

Second highest rental yields in the world- Dubai’s properties generates an annual yield of 7-9% annually which is second highest in the world after Amsterdam. This rental yield is much more than the global average of 3%.

[rgestate]

How to Establish a Hotel in Dubai

Dubai is a business hub for all types of enterprises. It provides a strategic location, excellent infrastructure, and a good business environment, attracting many entrepreneurs worldwide. When it comes to creativity and innovation, the hospitality industry plays a significant role. This industry is ripe for investment and the establishment of hotels for sale in Dubai. We recommend that you read this blog before you begin planning to open a hotel in Dubai. We've collected all of the details on how to open a hotel in Dubai in 2021, how to get a hotel license in Dubai, and how much a hotel license costs in Dubai.

In Dubai, you can start a hotel business in one of the following categories:1. Holiday houses 2. Guesthouses 3. Hostels for youth 4. Hotel apartments 5. Hotels 6. Luxury resorts

Hotels are rated from one to seven stars. Holiday homes are classified as either standard or deluxe. Check to see if your hotel falls into any of the categories mentioned above.

What are the rules and regulations for establishing a hotel in Dubai?

The Department of Tourism and Commerce Marketing has established certain rules and regulations for obtaining a hotel license in Dubai (DTCM). It would help if you abode by the following rules:1. Your hotel's manager must have a "Certificate of good conduct." 2. Your packages and prices must be displayed. 3. Every guest's data must be securely stored. 4. A hotel room must be at least 30 square meters in size. 5. A bank guarantee is required for the issuance of a hotel license in Dubai.

What is the procedure for establishing a hotel in Dubai?

Before starting a hotel business in Dubai, we want to draw your attention to an important point. Although almost all types of businesses in Dubai are subject to the same legal and judicial requirements, the hotels for sale Dubai industry is unique. A trade license is generally required to do business in Dubai; however, a tourism license is needed to start a hotel business in Dubai. The following are the steps to establishing a hotel in Dubai:  

1. Select a Location

To begin a hotel business in Dubai, you must first choose an appropriate location for your hotel. Make sure to do some research on the surrounding areas and people. You have the option of establishing a hotel on the Dubai mainland or in a free zone. You can contact experienced business consultants in Dubai to assist you in choosing an appropriate location for your hotel.  

2. Appoint a Manager

A manager is required for the establishment of a hotel business in Dubai. The manager must have the necessary qualifications and approved certifications. Only then can you appoint the candidate to be the manager of your hotel. Whomever you hire as your hotel manager must be capable. They must master their craft because they will play an important role in determining the needs of the hotel industry. Everything will be managed by them, from the cleanliness and hygiene to the food and staff to the quality of services. As a result, make certain that you hire the best candidate for the job.  

3. Obtain Initial Approval

You must keep all required documents on hand to obtain preliminary approval from the Department of Economic Development (DED). To obtain authorization to open a hotel in Dubai, you must keep the following documents on hand:1. Obtain permission from the Dubai General Police Headquarters. 2. Obtain a "Certificate of Conduct" from the Department of Tourism and Commerce Marketing for your hotel (DTCM). 3. Submit a copy of your manager's passport, as well as educational certificates and experience letters. 4. A classification card is also required for the establishment of a hotel business in Dubai. 5. It is necessary to submit plot maps, blueprints of the location, and a building completion certificate for the hotel property. 6. You must submit passport copies for yourself, your business partners, and your employees. 7. Fill out and submit an application form provided by the DED, and have all of your partners sign it.

4. Obtain a Hotel License in Dubai

As previously stated, a tourism license is required to start a hotel business in Dubai. The following are the requirements for obtaining this license:1. Obtain permission from the Dubai Municipality (DM) and other legal departments for sanitation, waste management, public health, and so on. 2. Obtain a landlord-approved tenancy contract for a minimum of ninety days. 3. Register on the Ejari platform to receive your tenancy contract and Ejari number. 4. In the case of an international hotel group or chain, you will need a No Objection Certificate. 5. Submit the trade name certificate as well as any associated payment receipts. 6. Present the initial approval fee receipt.

What is the cost of a hotel license in Dubai?

A tourism license is required for the establishment of a hotel business in Dubai. A tourism license can range between AED 35000 and AED 45000, including service and local agent fees.

What are the architectural requirements for establishing a hotel in Dubai?  

The following architectural conditions must be satisfied by your hotel:  

1. Make sure the drainage pipe is at least 2 inches away from the walls.

2. It is necessary to have a storage facility for all types of food.

3. You must have a basin for washing utensils and cleaning vegetables, fruits, and other food items. The meat basin should be kept separate.

4. The walls, floor, and roof should all be washable, non-absorbent, and fireproof.

5. Ensure adequate ventilation and that the chimney is at least 2 meters higher than the nearest building.

6. The kitchen in your hotel must be at least 300 to 380 square feet in size.  

Take the first step toward opening a hotel in Dubai

RGEstate.com offers effective methods and financial guidance aimed at helping you start a business from the ground up. We make sure to deliver the most lucrative business planning together with execution approaches in finance, ready businesses for sale in Dubai, and property hunting, whether you have recently launched a hotel for sale in Dubai or are going to start one. To avoid the time-consuming procedure of obtaining a hotel license in Dubai, follow the steps outlined above or contact us. By providing feasibility, we focus on helping your investment outcomes expand at a faster rate. Contact us immediately for the most practical financial guidance to help you achieve your objectives.

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Dubai Villas for Sale: Explore Luxury Living & Investments

Explore a world of luxury living with our guide to buying villas in Dubai. Discover prime locations, investment potential, and expert tips for a seamless purchase.