Buyers can get more for their money thanks to lower deposits, softening prices and smaller unit sizes, say industry experts …
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Majority of UAE residents expect further fall in house prices, rents
Housing market sentiment remains subdued in the UAE, where property prices and rents have been on a decline due to the economic fallout of the coronavirus pandemic. Nearly eight in ten (74 percent) of …
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UAE’s residential property prices, rents to fall 8pc, says survey
Majority of the UAE residents (59 per cent) are expecting a 8 per cent fall in residential property prices and rentals in the second half, according to Peninsula Real Estate, an investment and …
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Home of the Week: This $33 Million Dubai Mega-Mansion Comes With a ‘Free’ Rolls-Royce and Ferrari
Royce Wraith coupe parked in the driveway comes with the house. As does the matching black, ultra-rare $600,000-and-up Ferrari 599 GTO. Same goes for the fully custom, mustard-yellow Harley-Davidson …
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Dubai developer Nakheel in talks to refinance debt amid economic downturn: Reports
A shows a banner of Dubai’s property giant Nakheel flutters near construction sites and skyscrapers in the Gulf emirate of Dubai. (AFP) Dubai property developer Nakheel has approached banks to …
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Photos: The 5 most expensive villas launched this year in Dubai
Dubai has continued to witness the launch of ultra-luxury villas and penthouses even during the months of the coronavirus pandemic. The five most expensive luxury properties launched across Dubai in …
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Dubai property developer Nakheel in talks to refinance debt – sources
Dubai property developer Nakheel has approached banks to refinance outstanding debt, sources said, amid an economic downturn which is exacerbating property oversupply problems and has raised concerns …
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Further fall in UAE property values and rents, find out which areas
New poll finds that many UAE residents have already tapped lower rental payouts, many by more than 10 per cent from a year ago. Image Credit: Shutterstock Dubai: UAE property owners and tenants are …
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‘Rediscover Abu Dhabi’: 5 of the best staycation offers to take advantage of
The new initiative aims to give residents a chance to reacquaint themselves with the emirate The Department of Culture and Tourism Abu Dhabi has launched a new campaign that focuses on highlighting …
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How Dubai’s residential communities will achieve zero crimes soon
Dubai Police is working on a plan to reach zero crimes in residential communities in Dubai by the end of this year, officials said on Monday. While residential communities are already safe, a …
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Give Dubai homeowners the full set of rights
Service charge reductions by themselves will not help owners, communities …
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Tenants’ rights in the UAE: My landlord is not giving my security deposit back. What do I do next?
I would like to highlight the issues we face when renting out homes regarding getting our deposit back from. They make up a list of works, which c …
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Dubai records $19.75bln H1 property transactions despite Covid-19 pandemic
Dubai’s real estate market witnessed transactions worth Dh24.5 billion in the first half of 2020, despite the impact of the global Covid-19 outbreak, according to a report issued by the Dubai Land …
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Dubai records Dh72.5 billion H1 property transactions despite Covid-19 pandemic
In terms of investments, the report states that in Q1 2020, 9,160 investors concluded 11,940 investments worth Dh21.2 billion.
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Positive real estate outlook: Abu Dhabi property sales set to increase in H2 2020
Sales volumes in Abu Dhabi’s real estate market are expected to rise in the second half of 2020, as developers are likely to offer a bevy of incentives to serious buyers, a recent report by global …
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Property in UAE: House prices to drop more due to excess supply, reports Moody’s
Conservative financial policies and strong liquidity will remain a credit strength for the UAE real estate companies while their operating environment continue to deteriorate as the economy slows on …
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Coronavirus to exacerbate Dubai chronic property oversupply -Moody’s
Dubai’s property sector is expected to weaken further as the coronavirus pandemic’s impact exacerbates oversupply, credit ratings agency Moody’s said in a report on Monday. DUBAI, July 20 (Reuters) – …
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