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Category: PROPERTY

Posted on 16/06/2019

Dh5.6b property deals transacted in Dubai during Ramadan

(MENAFN – Khaleej Times) Property deals cumulatively worth Dh5.6 billion were transacted in Dubai during Ramadan this year. There were off-plan transactions worth Dh2.63 billion, an increase of 51 …
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Posted on 16/06/2019

Abu Dhabi’s Aldar launches Dhs1.7bn residential project for UAE nationals

Abu Dhabi developer Aldar Properties launched Alreeman II, a Dhs1.7bn residential project in the Alshamkha area, available exclusively for purchase by UAE nationals. Spread across an area of 2.4 …
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Posted on 15/06/2019

Dubai property deals top $1.5bln during Ramadan

Property deals cumulatively worth Dh5.6 billion ($1.52 billion) were transacted in Dubai solely during Ramadan this year, according to analysis by the Research & Data team at Property Finder, a …
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Posted on 14/06/2019

Cityscape chases big property spenders with invite-only day in Dubai

Cityscape Global, the region’s largest real estate event, will mark its 19th edition by launching an invitation-only day on September 25 at Dubai World Trade Centre (DWTC). Designed to engage …
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Posted on 14/06/2019

Average Dubai property prices down 14.5% in last 12 months

Average property prices in Dubai have declined by 14.5 percent in the past year to May, according to new research. Real estate data platform Property Monitor released its Dubai House Price Index for …
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Posted on 14/06/2019

Dubai Expo 2020 to boost real estate business in UAE: experts

Dubai – Mubasher: The real estate companies operating in the UAE are facing major challenges that have slowed down their profits and revenue in the first quarter of 2019, economists told Mubasher. Net …
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Posted on 14/06/2019

Dubai’s luxury home sales see mini-resurgence

Dubai: Dubai’s property market is seeing a mini-resurgence in luxury home sales after a rather dull run last year. And the numbers prove it. In the first five months of this year, the number of …
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Posted on 12/06/2019

Abu Dhabi, Al Ain malls hold 24-hour Eid sales

… eight malls during the round the clock 24-hour sales festive Eid sales in a collaboration between DCT Abu Dhabi and Line Investments & Property. Wajeb Al Khoury, director of Line Investments & …
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Posted on 12/06/2019

Abu Dhabi fund is said to take full ownership of prime Manhattan office tower

The deal would give the Abu Dhabi fund, already the building’s majority holder, full ownership. Vornado on Monday said it agreed to sell its interest in the property as part of a “buy/sell process …
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Posted on 12/06/2019

Dubai offers long-term residence, retirement visas to lure wealthy Chinese to boost slumping property market

Dubai has set its sights on wealthy foreign investors, including the Chinese, by offering sweeteners such as long-term residence visas and retirement options, amid a slump in property prices. Dubai, …
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Posted on 11/06/2019

Dubai is most affordable among expensive cities

Regional financial capital Dubai is the most affordable market for luxury property market among the world’s top 10 cities as the average price declined 84 per cent from its peak level in the last five …
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Posted on 10/06/2019

Long Visas Attracts International Real Estate Investors to Dubai

Dubai witnessed 33 per cent surge in transactions, worth Dh34 billion in first five months of 2019. International investors have shown significant interest in the UAE’s real estate market following …
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Posted on 09/06/2019

Is it legal for Dubai real estate agents to ask for your salary certificate?

I viewed an apartment in Dubai and decided to go for it. However, when I approached the real estate firm, an agent told me that I needed to submit a salary certificate and a three-month bank statement …
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Posted on 09/06/2019

Fund flows will reset Dubai property values: Be patient with real estate price recoveries

Despite Dubai’s property transactions rising for the first five months, the literature on real estate is still replete about prices falling … and of an unquantifiable supply pipeline. It is absurd …
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Posted on 09/06/2019

Dubai’s real estate reforms keep the city vibrant

In Dubai, the real estate sector is usually the topic of discussion during meetings and community gatherings. Many people talk about the sector as if they are experts, big investors or owners of …
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Posted on 04/06/2019

Dubai’s Palm Jumeirah Ready for Showtime

The new projects on the Palm are being delivered amid a glut of new development in Dubai which continues despite tumbling property prices. The paradox is in part related to earlier attempts by the …
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Posted on 04/06/2019

Property sales remain steady through Ramadan

In 2018, 8 percent of overall property sales transactions in Dubai took place during Ramadan, cumulatively worth AED 6.49 billion compared to AED 76.27 billion for the year. In terms of volume, the …
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