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Category: PROPERTY

Posted on 23/05/2021

US removes UAE from US intellectual property protection watch list

UAE’s removal from the list is the culmination of constructive cooperation Abu Dhabi: The United Arab Emirates has welcomed the Office of the United States Trade Representative (USTR) decision to …
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Posted on 23/05/2021

Dubai law: Can I ask my landlord to repaint rented flat every year?

Question: I reside in a two-bedroom apartment in Dubai. As per prevailing laws, who is responsible for apartment maintenance in Dubai? For instance, can I ask my real estate company to repaint my …
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Posted on 22/05/2021

Dubai’s off-the-plan property market remains hot

Despite a depressed secondary real estate market in Dubai, off-the-plan properties continue to sell like hot cakes.
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Posted on 21/05/2021

Value of luxury Dubai property deals jumps by 25% in Q1

Luxhabitat Sotherby’s boss sees ‘massive shift of wealth’ that has triggered an exponential increase in real estate transactions …
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Posted on 20/05/2021

Now You Can Buy Property in Dubai with Dogecoin!

A Dubai developer announced on Wednesday it plans to begin accepting Dogecoin as a payment option for its latest project launch, despite recent turbulen …
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Posted on 20/05/2021

Corporate foreign ownership law amendment to boost UAE economy

The 100 percent foreign ownership law is expected to provide a massive boost for commercial space demand in Dubai and Abu Dhabi and business confidence, supporting post-Covid economic recovery …
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Posted on 19/05/2021

Office markets in Dubai, Abu Dhabi ‘remain tenant friendly’

The prime office markets in the UAE remained tenant favourable in the first quarter with the average rents across Dubai seen at just over AED200 per sq ft, thus hitting their lowest level since Q3 …
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Posted on 18/05/2021

Morgan Stanley Sees Dubai Property Rally Lasting for Years

The rally in Dubai’s residential property prices isn’t stopping anytime soon, according to Morgan Stanley. “Robust demand, peaking supply growth and long lead times for new projects could lead to a …
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Posted on 18/05/2021

Dubai property market to improve on higher-than-expected demand: Morgan Stanley

Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project launches since 2017.
( read original story …)


Posted on 18/05/2021

Residential demand drives Dubai property prices to rise for first time in six years

Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project …
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Posted on 18/05/2021

Dubai posted 4,804 property sales during Ramadan 2021

Dubai recorded 4,804 property sales worth Dhs9.99bn during Ramadan 2021, marking a 211 per cent increase in transactions from a year-earlier period and 57 per cent increase compared to Ramadan 2019.
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Posted on 18/05/2021

All historic Dubai Ramadan property sales records broken in 2021 with total transactions reaching AED 10bln

But in 2021 we saw the highest number of transactions historically in the month of Ramadan, 4,804 property sales worth AED 9.99 billion. Ramadan 2015 came closest with 3,870 property sales …
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Posted on 17/05/2021

Dubai gears up for new hotel openings, brand expansions

Several hospitality brands marked their participation at the Arabian Travel Market 2021 exhibition with the announcement of new hotel openings and brand expansions across various segments. Accor, on …
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Posted on 17/05/2021

Dubai ruler dissolves tribunal that deals with property-related disputes

DUBAI – In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (15) of 2021 dissolving the Special …
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Posted on 17/05/2021

SOL Properties Redefines Dubai Leasing Experience With SOL Living

Real estate leader introduces dedicated leasing service, offering long- and short-term lease options to meet Dubai’s residents’ and visitors’ evolving needs

Dubai, United Arab Emirates – …
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Posted on 17/05/2021

Developers upbeat about UAE market

The UAE property developers are upbeat about the country’s realty sector despite the challenges of COVID-19 pandemic. Emaar Properties recently announced it has achieved significant increased property …
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Posted on 16/05/2021

UAE: Real Estate Tycoon Reports Widening Losses as Sales Almost Halve

Damac, the Dubai developer behind some of the emirate’s glitziest property projects, reported a widening first-quarter loss as sales almost halved.
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