While off-plan was king in the Dubai real estate market in 2017, secondary market sales are likely to take centrestage next year, say market stakeholders. Buyers are unlikely to see too much of the sales incentives and attractive payment plans that were …
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Emirates Gas, Dubai Properties Commence UAE’s First Composite LPG Cylinders Project
Emirates Gas, a subsidiary of ENOC Group, will commence the installation, supply and distribution of composite LPG cylinders within Al Khail Gate’s residential community. The project is part of an agreement between Emirates Gas and Dubai Properties (DP …
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ROI on Dubai property still strong amidst softening rent and sales prices
Bayut.com hosted 94,000 listings from November 2016-November 2017. The prevailing trend in Dubai property is stable Returns on Investment (ROI) yet markedly lower rent and sales prices across most property types year-on-year. Average yearly rent in Dubai …
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Unlimited investment opportunities in Dubai’s real property market, says ARENCO Real Estate
Arenco Real Estate, part of A.A. Al Moosa Enterprises and ranked among the top 10 unlisted private real estate companies in the Arab World, sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and …
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Explained: Dubai’s new off-plan property purchase law
Dubai Law 19 of 2017, amends Article 11 of Law 13 of 2008, (which was previously amended by Law No 9 of 2009), will affect those purchasers who, having purchased a unit off plan, breach the sale agreement. The new law has provided further requirements and …
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UAE property firm Awtad celebrates DFM listing
UAE-based property investment firm Awtad has celebrated the listing of company’s shares on Second Market of Dubai Financial Market (DFM) where investors can trade on private firms’ shares within a regulated and advanced environment. The company boasts …
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VAT launch to ‘lure more real estate investors’ to Dubai
The introduction of value added tax (VAT) in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi …
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Dubai’s Bulgari Resort named best new luxury hotel of 2017 by LTI
(CNN) — Bulgari Resort Dubai has only been open for a matter of weeks, but it’s already been crowned the best new luxury hotel of 2017. The lavish property, located on man-made island Jumeira Bay, came out on top in members-only travel ratings company …
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Aldar Properties Completes Acquisition of International Tower for Dh658 Million
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has completed the acquisition of International Tower, a high-quality office tower located in Capital Gate district of Abu Dhabi for AED 658 million.
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Now Dubai property investors can complete deals in a day
Dubai Land Department (DLD) has launched Cube, a new customer service centre, which will allow real estate investors to complete transactions in a single day. The centre has been established in collaboration with a number of key partners including the …
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UAE, Indian investors drive interest in Oman property
There is strong interest in Oman’s property market from property seekers in the UAE, India, Lebanon and Pakistan, according to statistics from OLX Property, the sultanate’s largest online property platform. In a newly released report on the most active …
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Dubai’s low prices turning renters into buyers, says report
Property prices falling at such a rate in Dubai that renters are now looking to buy, particularly villas, according to a new report. In its 130-page ‘Trends’ report, Propertyfinder Group said the continued decline in property prices over the last six …
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Dubai rents down, rental yields remain strong
Rents in the property market of Dubai, UAE, for apartments are falling faster than sale prices and so the yields are declining. However they still remain very strong and are amongst the best in the world, said Propertyfinder Trends, in its third edition.
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VAT Impact Will Attract Global Players To Dubai Real Estate Market
The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi, CEO of …
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Aldar starts delivery of prime Abu Dhabi properties
Aldar Properties, a leading property development company in Abu Dhabi, UAE, said it has started a phased handover of residential units at its Ansam and Al Hadeel properties to home owners and investors following the completion of its construction work.
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VAT impact will attract global players to Dubai real estate market – Al Msaddi
The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi, CEO of …
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UAE Property Developer to Accept Payments in Cryptocurrency
UAE property developer MAG Lifestyle Development will start accepting OneGram, a Sharia-compliant cryptocurrency backed by gold, as payment for its properties in 2018. MAG Lifestyle Development, which is part of UAE-based conglomerate Moafaq Al Gaddah …
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