Dubai Properties has become a vast real estate portfolio, encompassing more than 5,600 plots of land for various purposes, including industrial, commercial, and agricultural use across Dubai. The portfolio includes over 400 million square feet of land located in several industrial areas such as Al Quoz, Ras Al Khor, Al Qusais, Jebel Ali, as well as Muhaisnah, Umm Ramool, Warsan, and Al Tey, where these areas host labor accommodations, workshops, warehouses, factories, and showrooms.

Dubai Properties

Dubai Properties was established in June 2007 under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Mieyar Real Estate Company manages and owns government real estate projects, focusing on the ownership, development, investment, and use of commercial and industrial land and properties within the emirate. The company also offers services related to the construction, execution, marketing, and management of residential and commercial buildings and properties, in addition to the possibility of purchasing, leasing, and managing government-owned properties.

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Key Discounts for Government and Semi-Government Employees

Dubai Properties offers the best exclusive discounts to employees of government and semi-government entities as follows:

• A certificate from the employer directed to Dubai Properties confirming the employee is still employed is required.
• A 5% commission fee is applied in addition to Ejari fees for each rental unit.
• The discount is applicable to residential apartments and villas owned by Dubai Properties.
• This discount cannot be exchanged for cash and applies to properties owned by Dubai Properties when available.
• Upon termination of the employee’s service, Dubai Properties must be notified.
• Upon termination of employment, the employee can continue to use the unit at the agreed discounted rate until the lease term ends; thereafter, standard rental rates will apply for any renewal or extension.
• The Dubai Properties rental app can be downloaded to take advantage of this discount and choose from a comprehensive and varied range of residential properties.
• The leasing process can be completed through the app by submitting the required documents.
• The discount applies to projects managed by Mieyar Real Estate Company, and these properties can be identified by the building code, which starts with the letter (R), such as (R 1006).

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Key Terms and Conditions of Booking

When you wish to rent a unit from Dubai Properties through the booking process, this does not constitute an agreement to lease the unit, and there is no guarantee that the unit will be rented to you, as the booking is subject to the following terms and conditions:

• Conditional approval must be obtained from the relevant authorities.
• No guarantees will be provided that you will be able to rent the unit.
• By agreeing, you acknowledge that you have no claims or will not take legal action against any employees, subcontractors, representatives, or agents of the company if your booking is not accepted for any reason.
• The right to rent the unit to you or others is subject to the sole discretion of the company.
• If approved and all booking conditions are met, you must acknowledge and agree that the lease agreement signed between the tenant and the company will replace the terms and conditions of this booking. If there is any discrepancy between this booking and the lease agreement, the lease agreement will prevail.
• The booking is personal to you and cannot be transferred or assigned, nor can you at any time transfer your rights and obligations under the booking to others.
• The lease agreement for renting the mentioned unit can only be signed by you as the lessee.
• The booking must be kept confidential, and its contents must not be disclosed to others as determined by law.
• Dubai Properties reserves the right to transfer this booking to any subsidiary company or third party designated by the company.
• The booking amount paid by you at the time of booking will be considered a down payment on the first year’s rent of the unit once the lease agreement is signed.
• You can sign the lease agreement within one day after confirming the booking, or the booking will be canceled, and the booking amount will be forfeited.
• You agree to provide the necessary documents when signing the lease agreement, including:
• Tenant information form.
• A copy of the passport.
• Residency visa (for expatriates).
• Marriage certificate (if applicable).
• A recent salary certificate or a bank statement for the last three months.

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Dubai Home Price Index in Recent Years

The real estate price index, including home prices in Dubai, has been consistently upward without any decline or setback. Statistical data on average home prices in Dubai over the past two decades shows a general increase in the price index, confirming the investment value of the real estate market in Dubai under Mieyar Real Estate Company.

City properties are the best available way for investors to preserve their purchasing power and protect it from inflation and rising commodity prices. It is noteworthy that despite global economic crises affecting many markets and economies worldwide, Dubai’s real estate market has demonstrated its resilience and ability to absorb the impacts of sudden economic changes.

This is confirmed by the home price index in recent years in Dubai. The city’s real estate markets have a well-regarded index specific to the emirate, available to everyone and accessible for full market data through the official website of the Dubai Land Department of the Dubai Government.

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Future Home Price Predictions in Dubai

There is an observable trend in home price indices in Dubai, especially in the real estate market in recent years. Many real estate experts and specialists predict that home prices in Dubai will rise in some areas, stabilize in others, and then increase again later. Therefore, it is generally expected that home prices across Dubai will rise, leading to significant investment opportunities for those looking to purchase property for investment purposes.

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Most Sought-After Areas for Renting Properties

According to the “Bayut” report on renting properties in Dubai, search trends on the site show that those looking for affordable apartments prefer living in “Deira” and “Al Nahda,” while “Damac Hills 2” and “Mirdif” attracted those seeking affordable villas.

It was observed that “Jumeirah Village Circle” and “Bur Dubai” were the most sought-after for renting mid-range apartments, while “Jumeirah Village Circle” and “Arabian Ranches 3” were the most sought-after for mid-range villas. For luxury properties, “Dubai Marina” and “Business Bay” have become the most sought-after areas for renting apartments, while those looking for villas prefer “Dubai Hills Estate” and “Al Barsha.”

This concludes the detailed overview of Dubai Properties, the services provided by Mieyar Real Estate Company, and the outstanding residential areas it offers, helping investors choose from a wide range of options while enjoying a unique experience to achieve their dream homes.