Residential property prices in Dubai and Abu Dhabi fell by around 5 percent during 2018, putting both cities in the bottom 10 performers in the world, according to new research. The Knight Frank …
( read original story …)
Homefront: ‘how can a buyer ensure banks don’t undervalue an off-plan property?’
In the current market I have heard of some newly completed properties being valued by UAE banks at approximately 12.5 per cent less than their original purchase value. The banks will only mortgage 75 …
( read original story …)
Brexit uncertainty could draw more attention to Dubai real estate market
The Dubai Real Estate market is likely to be impacted by UK’s uncertainty to stay or exit the European Union (EU). The ambiguity of the exit plan and the rejection by the British Parliament of the …
( read original story …)
Abu Dhabi developer launches freehold waterfront apartments
It will also be one of the first properties available for foreign freehold ownership, following Abu Dhabi’s recent legislative changes. Azure Al Reem occupies a waterfront location on the increasingly …
( read original story …)
Aldar Properties : Reem Central Park gets artworks
Aldar Properties PJSC (Aldar), in partnership with Abu Dhabi Art (under the Department of Culture and Tourism – Abu Dhabi), has commissioned a series of public artworks for the newly-opened Reem …
( read original story …)
Abu Dhabi allows foreigners to own land for first time
Abu Dhabi is allowing all foreigners to own land for the first time in its history. The move is meant to boost the slumping property market in the United Arab Emirates capital amid low oil prices …
( read original story …)
New public art revealed at Abu Dhabi’s Reem Park
This follows a commission for the 600-metre mural at Al Raha Beach, and other artworks within buildings owned by Aldar Properties PJSC, which is sponsoring the efforts in partnership with Abu Dhabi …
( read original story …)
Abu Dhabi resort voted ‘most instagrammable in the world’
More than 35,000 readers voted for the five-star desert property, which sits on the edge of Abu Dhabi’s Empty Quarter, with the Anantara establishment defeating second-placed Viceroy Los Cabos in …
( read original story …)
Abu Dhabi rises to 12th globally in 2019 ‘Doing Business’ rankings
Continuing its impressive performance, Abu Dhabi ranked 15 th worldwide in the “property registration” index, which evaluates the steps required for a business to buy property from another business. …
( read original story …)
Aldar properties’ : Lea has sold out
Aldar Properties’ latest development, Lea, located on the northern shores of Yas Island has sold out during Cityscape Abu Dhabi generating over Dh400 million in sales. Offering land plots starting at …
( read original story …)
What You Need To Know About Dubai Real Estate Market
If you are thinking about buying property in Dubai for the first time, perhaps as a foreigner, the real estate market can be confusing and even overwhelming. Learning about an entirely new real estate …
( read original story …)
Buffett Bets on Dubai Property as Market Prolongs Slump
(Bloomberg) — Warren Buffett’s real estate brokerage is expanding into the Middle East with an office in Dubai. Berkshire Hathaway HomeServices Gulf Properties will be led by Chairman Ihsan …
( read original story …)
Now’s When to Invest in Dubai Property, but Expect Little Returns
Prospective buyers of property in Dubai’s choice market are sure to close good deals, as prices continue to tumble rapidly this year, but they will need to tread water for nobody knows how long, …
( read original story …)
Warren Buffett Bets on Dubai Property as Market Prolongs Slump
(Bloomberg) — Warren Buffett’s real estate brokerage is expanding into the Middle East with an office in Dubai. Berkshire Hathaway HomeServices Gulf Properties will be led by Chairman Ihsan Husein Al …
( read original story …)
Dubai Customs celebrates World Intellectual Property Day 2019
Dubai Customs has underscored the importance of Intellectual Property Rights, IPR, protection as a key driver for innovation and sustainability in all sectors. “Ensuring the rights of innovators, …
( read original story …)
Too many post-handover plans will spoil Dubai property market
Dubai: Dubai’s developers should stop misusing post-handover payment plans that stretch to five years and more to boost sales, according to a top official at Azizi Developments. An over-reliance on …
( read original story …)
Dubai Home Prices Continue to Implode in 2019
According to the Property Monitor’s latest Dubai House Price Index, the average annual house price in Dubai decreased by 12% in March 2019, with some communities registering even higher price declines …
( read original story …)