Rent-to-own schemes are emerging as a viable alternative for aspiring property owners who might not otherwise have the down payment needed to buy a home in Dubai. The rent paid on a home under such a …
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A summer of mixed messages for the UAE property industry
It’s been a summer of mixed messages for UAE real estate market observers. News dropped at the start of July that Dubai’s sector slowed in the first half of the year with the value of deals done falli…
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Why the obsession with real estate in the UAE?
I never received this level of interest when I was a lawyer. People are fascinated by the property market in the UAE. While some of the best-known companies include developers such as Emaar, Nakheel, …
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RAK Property Transactions Up 33% To AED2.6 bn In H1 2018
The total value of real estate transactions in Ras al-Khaimah rose to AED2.7 billion in the first half of 2018, an increase of 33 percent compared to the corresponding half of 2017, according to a rep…
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Indian sells island in Dubai for Dh80 million
Dubai: Investors are spoilt for choice when it comes to buying real estate in Dubai. In recent years, developers have lured buyers into owning extravagant and one-of-a-kind homes, such as an underwate…
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Homefront: ‘I have Dh1.5m to invest in Dubai property. Which areas are best?’
I want to invest in the Dubai property market and understand prices are low at the moment, making my plans very timely. I would like to buy around the Dh1.5 million mark, ideally a good-sized apartmen…
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How property management benefits landlords, tenants
A property management company takes away a lot of the niggles … properties protect an owner’s investment and can achieve a higher rental yield. In terms of Dubai, look for a Rera-regulated PM compan…
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Analysis: Dubai rents in decline in Q2 2018
Asteco’s Dubai Real Estate Report for Q2 2018 analyses property market as rental rates and sales prices continue to fall There continues to be a decline in villa and apartment rental rates and sales p…
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China’s Fidu seeks clarity on Dubai real estate cold calling rules
Fidu Properties, a Chinese company planning to invest AED2 billion in the Dubai property market by the end of 2018, has sought clarity from regulatory authorities on the use of telesales to prospectiv…
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Dubai real estate transactions hit $762m, Emiratis top investors
The total amount of real estate transactions recorded in Dubai, UAE, has surged to Dh2.8 billion ($762 million), according to the annual report released by Dubai Land Department (DLD). The emirate rec…
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Abu Dhabi developer mulls allowing cryptocurrency in payment plans
Abu Dhabi-based Imkan Properties is considering offering its customers the chance to pay for real estate using cryptocurrencies. Speaking to Arabian Business, CEO Walid El-Hindi said cryptocurrencies …
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Abu Dhabi bank’s UK arm closes financing deal for Travelodge hotel
Abu Dhabi Islamic Bank (ADIB) UK said the property was acquired by a Saudi-based client for AED194.6 million, with ADIB providing AED125.7 million of Sharia’a-compliant financing. The hotel is leased …
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Owner of UAE property site Bayut receives $50m investment
UAE listings site Bayut.com’s parent company Emerging Markets Property Group (EPMG) has secured $50m of investment as part of a funding round. EPMG, which also owns and operates Zameen in Pakistan, Bp…
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Gulf Hotels Group unveils first UAE property
Gulf Hotels Group (GHG), Bahrain’s leading home-grown hospitality provider, has announced the soft opening of its first UAE property – The Gulf Court Hotel Business Bay. The opening is the first phase …
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DAMAC Properties ‘holds its nerve’ amid Dubai real estate slump: CFO
DUBAI (Reuters) – Dubai’s DAMAC Properties DAMAC.DU, owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst qua…
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Damac CFO says company ‘holding its nerve’ amid Dubai real estate slump
Dubai’s Damac Properties , owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst quarter in terms of booked sa…
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Rent-to-own schemes attractive to Dubai residents, says Propertyfinder
Rent-to-own schemes can be an attractive option for aspiring property owners and have the advantage of offering the same protections to consumers set up by the Dubai Land Department for developers and …
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