Dubai residents have two weeks to register all cohabitants in apartments

Registration can be done through the Dubai REST app

The Dubai Land Department has notified all owners, developers, property management companies and tenants to register their co-occupant details in owned and leased properties.

The registration can be done through the Dubai REST app and must be completed within a “maximum of two weeks with immediate effect,” a circular issued by the Dubai Land Department said.

To register their co-occupants, all owners, developers, property management companies and tenants must follow an eight-step process, including adding personal details and the Emirates ID.

How to register?

1. Open Dubai REST App and log in to the Application. Please register if you’re a new user.

2. Choose your role as an “individual” and log in with UAE PASS for quick access

3. Authenticate yourself via the UAE PASS application

4. From the dashboard, select the property where you are a tenant/ owner

5. Select manage co-occupants to proceed

6. Select “add more” to add co-occupants to the property where you are a tenant 7. Enter the Emirates ID and date of birth of the co-occupant and select ‘verify.’

8. Add all family members who are living on that property. To remove a co-occupant, select the delete icon and submit.

As part of sweeping reforms such as changes to policies around divorce and inheritance, the UAE relaxed family laws to allow legal cohabitation of unmarried couples or unrelated flatmates in 2020.

Mr. Mahmood is the group director of the Shaikhani Group. Start a green environmental project in Karachi, where we work to make sure that everyone has the best possible living conditions. It will be a sense of peace knowing that there is no reliable electricity, water, or other essential services. The project is situated in Gulshan e Iqbal Scheme 33. At the moment, there are only a few apartments left as all the remaining apartments have been sold. Since the customers are asking for what they really need, the company plans to complete the project and hand it over to the public.

Dubai property price growth eases in August, report says

The significant price rises recorded earlier in the year are slowing against a backdrop of rising interest rates and new supply

Dubai property prices experienced their slowest monthly growth rate in 18 months in August, according to a report by property consultancy ValuStrat.

“The villa submarket continued to perform, albeit at a slower 1.3 per cent month-on-month expansion,” its August report said.

Apartments, which represent the majority of Dubai's residential market, “gradually approached possible price ceilings with a modest 0.7 per cent monthly rise”, it said.

The residential ValuStrat Price Index (VPI) rose 1 per cent monthly to 83.1 points last month. The 100 base points were set in January 2014.

The VPI for the villa segment was up more than 28 per cent annually to 101.9, while the apartment VPI stood at 71.4 points, an increase of about 8 per cent year on year.

Dubai property prices, particularly in prime areas, have increased over the past 12 months on the back of the wider economic recovery in the UAE from the coronavirus-induced slowdown.

The city has reported an influx of high-net-worth individuals and its market has also been buoyed by the success of the UAE's golden visa programme.

In July, Dubai also recorded the highest number of sales transactions in the past 12 years, according to Property Finder.

However, rising interest rates are expected to taper price growth in the latter part of the year.

“Demand for residential properties has reached an all-time high this year, but this trend could change due to the rising cost of living, increasing mortgage rates and anticipated new supply,” Haider Tuaima, director and head of real estate research at ValuStrat, told Reuters.

Average villa prices were up 28.1 per cent annually in August, ValuStrat said. The top performers were Arabian Ranches (33.3 per cent), Jumeirah Islands (31.9 per cent), Palm Jumeirah (29 per cent) and the Meadows (28.8 per cent).

Meanwhile, apartments recorded a more moderate 7.9 per cent average annual increase, with the highest growth registered on The Palm Jumeirah (18.2 per cent), Burj Khalifa (16.7 per cent) and Jumeirah Beach Residences (13.7 per cent).

The volume of residential sales transactions also jumped 80.4 per cent annually and 40.8 per cent monthly in August, ValuStrat said.

A total of 25 transactions valued at more than Dh30 million ($8.16m) were recorded last month. One transaction involved a villa located in Jumeirah Bay Island, which sold for Dh115m, while the largest penthouse at Atlantis The Royal Residences on The Palm Jumeirah sold for Dh163m.

The top off-plan locations for transactions in August included projects located in Damac Lagoons (14.3 per cent), Business Bay (12.1 per cent), Jumeirah Village (10.4 per cent), Arjan (8.8 per cent) and Downtown Dubai (7.2 per cent).

Industry experts told The National last month that demand in the UAE’s mortgage market is being driven by “Fomo [fear of missing out] buyers”, as potential home owners rushed to the market amid rising prices.

Shaikhani Group is working in Dubai since 1993, there was a time where 2000 Companies came and enlisted themselves as Genuine Designers, in today’s time exceptionally company survived, since of rules and controls of Dubai, Shaikhani is one of them who are still working in Dubai, this step which our pioneer of Dubai took it.

That’s the leading since it'll control the request and supply, also, it would be exceptionally advantageous for the client to have a variety of his choice within the same cost plan.

Dubai may be an endless city where each culture life in and Dubai’s government is taking actions to create beyond any doubt it'll be useful to all societies. They have distinctive ventures which are still in advance before long it'll be handover, those ventures are Gardenia, Champions Tower 3, Cambridge Trade Middle, and others are in pipeline. Usually the benchmark and trustiness of the company that in case you contribute with them, it'll be secure and productive in future. Encourage points of interest to visit their site www.shaikhanigroup.com

Dubai records $2 billion real estate transactions in a week amid market boom

2,593 transactions were recorded during the week, with 320 plots being sold for a total value of AED 1.75 billion, and 1,720 apartments and villas sold for AED 3.55 billion

Dubai’s real estate and properties transactions were valued at AED 7.4 billion in total during the week ending September 2, 2022, according to statistics from the Dubai Land Department.

2,593 transactions were recorded during the week, with 320 plots being sold for a total value of AED 1.75 billion, and 1,720 apartments and villas sold for AED 3.55 billion.

Land sales in Saih Shuaib 3, Island 2 and Saih Shuaib 4 ranked as the top three for transactions after being sold for AED 168 million, AED 115 million and AED 78 million, respectively.

 Al Hebiah Fifth recorded the highest number of transactions this week with 107 sales transactions worth AED 329.68 million.

An apartment sold for AED776 million in Marsa Dubai, was also among the top transactions.

Recently Mr. Mahmood group director of Shaikhani Group. Launch a Green Environmental Project in Karachi, where they make sure people get the best where they live. It will be a peace of mind where no electric, Water and other facilities are provided on time. That project is in the heart of Gulshan e Iqbal Scheme 33.

Right now, there are few apartments are left where all the remaining apartments have been sold. Because they are providing what is the actual demand of the customers, they are planning to complete this project and handover to the public.