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Category: PROPERTY

Posted on 01/11/2020

UAE: How you can find a cheap place to rent in Dubai

Looking for a cheap place to rent? Whether you are working on a tighter budget or just wish to save more prudently, finding the right place to rent can go a long way in staying in control of your …
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Posted on 01/11/2020

Dubai leads major Gulf markets lower in early trade

Stock markets in the United Arab Emirates fell early on Sunday, with Dubai hardest hit by losses in property shares, while the Saudi index was on track to extend losses for a third session.
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Posted on 01/11/2020

DAMAC Properties’ AYKON City gets boost as Tower B structure completed

Thanks to UAE government’s decisive measures to combat Covid-19 the real estate industry has witnessed sustained construction activity Dubai, UAE:: DAMAC Properties has announced that the structure of …
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Posted on 31/10/2020

Building back: Is Dubai’s real estate market rising again?

We are starting to see multiple offers for properties in these areas as well. So, how did we get here? Going back to the start of the year, in January and February of 2020, Dubai’s property …
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Posted on 30/10/2020

Dubai property owners involved in service fee cases cannot rent or sell these units

… cases related to non-payment of service charges by homeowners in Dubai are being registered with the Rental Disputes Centre under the Land Department. This means that these property owners will …
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Posted on 29/10/2020

Hotel Indigo® opened 14 properties across the globe in 2020

The latest addition of Hotel Indigo® in Dubai Downtown enriches travellers with inspiring and award-winning designs inspired by local creativity Denham …
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Posted on 29/10/2020

Dubai rents to stay affordable

Data from consultancy Asteco showed that rents fell 13 per cent year-on-year in the third quarter, led by the Dubai Sports City and Business Bay areas. Supply of new properties also stayed strong even …
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Posted on 28/10/2020

Property investing and home buying interest in UAE rising

Despite a clear quarterly rise in property sales during Q3, Dubai’s real estate market is expected to face further challenges in both the rental and sales market, according to the latest Observer: …
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Posted on 27/10/2020

Dubai realty agent sentenced to 5 years in jail for selling fake property at Dh7.7m

The Dubai Court of First Instance ordered the payment of a Dh7.7 million fine by the defendant, followed by deportation. According to official records, the defendant had sold a fake property in …
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Posted on 27/10/2020

Patheon Development: Luxury affordable units lead Dubai’s property market recovery

the Dubai real estate industry has over the last two months, experienced an increase in demand for luxury affordable units. Well-known for providing luxury property solutions at affordable prices, …
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Posted on 26/10/2020

First-time investors make up 70% of Dubai’s property deals in 2020

Dubai: Current property prices in Dubai sure are attracting first-time buyers – there were 10,728 of them who bought homes and other assets in the city during the first nine months of 2020. They made …
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Posted on 26/10/2020

Emaar Eclipsed as Top UAE Developer After $8 Billion Aldar Deal

Although oversupply in Abu Dhabi is less severe than in Dubai, there have been concerns around prospects for growth. Property prices have slid by 30% in Dubai since 2014 amid a slump in oil prices, a …
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Posted on 26/10/2020

Dubai developer Union Properties pays off $19mln of debt

Dubai real estate developer Union Properties (UPP) has paid off AED 70 million ($19 million) of debt from its largest lender as part of a comprehensive debt restructuring programme. In a statement to …
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Posted on 26/10/2020

Union Properties pays $19 million towards debt restructuring

Dubai real estate developer Union Properties has completed a payment of 70 million dirhams ($19.06 million) towards its largest lender as part of a debt restructuring plan, it said on Monday …
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Posted on 25/10/2020

Here’s what Dubai property managers can do to retain tenants

Aditya Shah, Director of Middle East Operations at Yardi, talks about evolving tenant experience Image Credit: Supplied PropTech provider Yardi empowers real estate stakeholders to simplify processes.
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Posted on 24/10/2020

UAE: Real estate decrease slows

The average of residential property cost decrease in Abu Dhabi slowed during the last three months because developers and banks presented incentives to clients.

Even though apartment and villa …
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Posted on 24/10/2020

Green light for UAE sustainability

Dubai has completed 1,241 buildings and 6,658 villas under … The Covid-19 outbreak has further reinforced this sentiment, which could render a knock-on impact on the property market,” added said …
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