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Category: PROPERTY

Posted on 29/08/2018

Rent-to-own schemes get popular in Dubai

Rent-to-own schemes are emerging as a viable alternative for aspiring property owners who might not otherwise have the down payment needed to buy a home in Dubai. The rent paid on a home under such a …
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Posted on 28/08/2018

A summer of mixed messages for the UAE property industry

It’s been a summer of mixed messages for UAE real estate market observers. News dropped at the start of July that Dubai’s sector slowed in the first half of the year with the value of deals done falli…
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Posted on 28/08/2018

Why the obsession with real estate in the UAE?

I never received this level of interest when I was a lawyer. People are fascinated by the property market in the UAE. While some of the best-known companies include developers such as Emaar, Nakheel, …
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Posted on 26/08/2018

RAK Property Transactions Up 33% To AED2.6 bn In H1 2018

The total value of real estate transactions in Ras al-Khaimah rose to AED2.7 billion in the first half of 2018, an increase of 33 percent compared to the corresponding half of 2017, according to a rep…
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Posted on 26/08/2018

Indian sells island in Dubai for Dh80 million

Dubai: Investors are spoilt for choice when it comes to buying real estate in Dubai. In recent years, developers have lured buyers into owning extravagant and one-of-a-kind homes, such as an underwate…
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Posted on 23/08/2018

Homefront: ‘I have Dh1.5m to invest in Dubai property. Which areas are best?’

I want to invest in the Dubai property market and understand prices are low at the moment, making my plans very timely. I would like to buy around the Dh1.5 million mark, ideally a good-sized apartmen…
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Posted on 21/08/2018

How property management benefits landlords, tenants

A property management company takes away a lot of the niggles … properties protect an owner’s investment and can achieve a higher rental yield. In terms of Dubai, look for a Rera-regulated PM compan…
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Posted on 21/08/2018

Analysis: Dubai rents in decline in Q2 2018

Asteco’s Dubai Real Estate Report for Q2 2018 analyses property market as rental rates and sales prices continue to fall There continues to be a decline in villa and apartment rental rates and sales p…
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Posted on 21/08/2018

China’s Fidu seeks clarity on Dubai real estate cold calling rules

Fidu Properties, a Chinese company planning to invest AED2 billion in the Dubai property market by the end of 2018, has sought clarity from regulatory authorities on the use of telesales to prospectiv…
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Posted on 21/08/2018

Dubai real estate transactions hit $762m, Emiratis top investors

The total amount of real estate transactions recorded in Dubai, UAE, has surged to Dh2.8 billion ($762 million), according to the annual report released by Dubai Land Department (DLD). The emirate rec…
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Posted on 19/08/2018

Abu Dhabi developer mulls allowing cryptocurrency in payment plans

Abu Dhabi-based Imkan Properties is considering offering its customers the chance to pay for real estate using cryptocurrencies. Speaking to Arabian Business, CEO Walid El-Hindi said cryptocurrencies …
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Posted on 17/08/2018

Abu Dhabi bank’s UK arm closes financing deal for Travelodge hotel

Abu Dhabi Islamic Bank (ADIB) UK said the property was acquired by a Saudi-based client for AED194.6 million, with ADIB providing AED125.7 million of Sharia’a-compliant financing. The hotel is leased …
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Posted on 16/08/2018

Owner of UAE property site Bayut receives $50m investment

UAE listings site Bayut.com’s parent company Emerging Markets Property Group (EPMG) has secured $50m of investment as part of a funding round. EPMG, which also owns and operates Zameen in Pakistan, Bp…
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Posted on 15/08/2018

Gulf Hotels Group unveils first UAE property

Gulf Hotels Group (GHG), Bahrain’s leading home-grown hospitality provider, has announced the soft opening of its first UAE property – The Gulf Court Hotel Business Bay. The opening is the first phase …
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Posted on 14/08/2018

DAMAC Properties ‘holds its nerve’ amid Dubai real estate slump: CFO

DUBAI (Reuters) – Dubai’s DAMAC Properties DAMAC.DU, owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst qua…
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Posted on 14/08/2018

Damac CFO says company ‘holding its nerve’ amid Dubai real estate slump

Dubai’s Damac Properties , owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst quarter in terms of booked sa…
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Posted on 13/08/2018

Rent-to-own schemes attractive to Dubai residents, says Propertyfinder

Rent-to-own schemes can be an attractive option for aspiring property owners and have the advantage of offering the same protections to consumers set up by the Dubai Land Department for developers and …
( read original story …)


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