The real estate theme for 2021 was certainly the exponential rebounding of Dubai’s uber-luxury residential market, with Knight Frank previously reporting that in the ultra-prime bracket, the number of $10 million plus homes sold smashed the previous annual record set back in 2015. Unsurprisingly, the Palm, Emirates Hills and Jumeira Bay accounted for over three-quarters of super-prime sales in the...
As more information becomes available on the Dh30 million sub-renting affair with a holiday home in Dubai, it turns out the company did not have the permission to sub-rent the properties for one year in a majority of instances. And only a limited number of these properties were operated as holiday homes. Regardless, whether the property was sub-rented without permission or if the property was a...
