RELATED ARTICLES: DLD reviews rental law with retail operators | DLD values 8,000 properties worth $78bn in 2017 | DLD completes first phase of building classification project Dubai recorded $15.7bn (AED58bn) worth of real estate sales in the first quarter …
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Dubai property sales prices, rents to fall further
The addition of new stock, tough macroeconomic conditions and moderate population growth are set to place further pressure on property sales prices and rents in Dubai, according to property company Chestertons Mena. Overall sales prices for apartments and …
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Dubai real estate deals total $15.7bn in Q1
Dubai Land Department (DLD) has revealed that real estate deals in Dubai totalled AED58 billion ($15.7 billion) via 13,759 transactions in the first three months of 2018. According to the DLD’s Department of Real Estates Studies & Research, Q1 saw a …
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Bloom Properties to Showcase Key Developments at Cityscape Abu Dhabi 2018
Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, is set to showcase key developments within its portfolio as part of its participation in the upcoming edition of Cityscape Abu Dhabi.
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Dubai property data shows sharp decline in deals
Dubai real estate transactions appeared to drop sharply in the first quarter of the year according to data released Saturday. The Dubai Land Department (DLD) said that real estate transactions totalled 58 billion dirhams ($15.78 billion) for the three …
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Disconnecting power supply to rented property against law
I live in Dubai and own a property which has been rented out. The tenancy contract mentions that the landlord has the right to cut the electricity supply if the tenant’s rent cheque bounces. Does the landlord have the right to cut the electricity supply …
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Dubai developer unveils Handover Gallery to ease move-in process
Dubai Properties has announced the on-time completion of Mudon’s Arabella townhouses, located in Dubailand. The developer said it is welcoming new residents with a customer-centric initiative – the Handover Gallery that offers a comprehensive range of …
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Abu Dhabi sees world’s biggest property price decline in 2017
Abu Dhabi’s real estate market saw the largest annual price declines in the world during the fourth quarter of 2017, according to consultants Knight Frank. House prices in the UAE capital fell by 9.1 percent in the year, placing it at the bottom of the …
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High-end Abu Dhabi developers sense property market rebound – Cluttons
Arabian Business reported that developers of high-end homes in Abu Dhabi appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to real estate consultancy Cluttons. Its Abu Dhabi Property Market Outlook report for …
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Inaugural Dubai Property Festival ‘a major success’
The International Property Show (IPS) and the inaugural Dubai Property Festival (DPF) 2018 ended on a successful note with a huge turnout from 16,000 visitors and major real estate deals signed during the three-day event. The ‘Mega Property Sale’ also …
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Dubai Real Estate Market to Decline Further, Say Industry Professionals
Residential property prices registered 12 month decline of 2% on average while rents declined by up to 5% in some key areas Off-plan residential properties accounted for 61% of the total transfers during the quarter Approximately 3,800 units were handed …
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MAG, Wasl and Dubai Properties take top honours at Arabian Business Real Estate Awards
The UAE’s biggest real estate players walked away with the biggest prizes at the first ever Arabian Business Real Estate Awards held on Monday night, at the Ritz Carlton, DIFC. Wasl Properties received the “Pioneers of Real Estate Award”, for its …
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Map shows average rental price at every stop on the Dubai Metro
But Property Finder’s map of the average yearly cost of renting a one-bedroom a few metres from each Dubai Metro station is pretty interesting… especially if you’re a daily commuter. It seems that, in some cases, you can get a much better deal on …
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High-end Abu Dhabi developers sense property market rebound
Developers of high-end homes in Abu Dhabi appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to real estate consultancy Cluttons. Its Abu Dhabi Property Market Outlook report for Spring 2018 said the first …
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Is the Abu Dhabi property market near its bottom?
Abu Dhabi’s slowing real estate market may be turning a new hand on the property clock. The residential segment in the emirate will further soften over upcoming months with a potential to begin stabilising by the end of 2018, Trade News Arabia reported …
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Property value dips seen stabilising in Abu Dhabi
Residential property values in Abu Dhabi, especially at some upscale locations, could be on the verge of bottoming out — if so, this could well prompt more developers to get back into the ring. At some locations, albeit prime ones, property values are …
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Abu Dhabi’s real estate market ‘nearing the bottom’
said Cluttons in its ‘Abu Dhabi Property Market Outlook’ report for Spring 2018. Sea-facing villas on Saadiyat Island, for instance, which remain the most expensive residential property type in the capital at Dh1,700 ($463) per sq ft, have seen no movement …
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