Dubai off-plan property sales ‘at new high’

With property prices across Dubai registering a steep decline for the past three and a half years since its mid-2014 peak, the off-plan sales are at a high, according to an industry expert. The building boom in Dubai is being matched by a buying rush ... ( read original story ...)

Watch out for indirect VAT costs on property deals

With the value added tax (VAT) kicking in on January 1, 2018, end-users in Dubai are confused whether to pre-pone their property purchase decision or to continue paying rents and wait for sales prices to bottom out. As per the VAT regulations, developers ... ( read original story ...)

Financing completed for Abu Dhabi’s $1.2bn Reem Mall

Al Farwaniya Property Developments, the consortium behind Abu Dhabi’s Reem Mall, on Tuesday announced that financing for the $1.2 billion project is now complete. Reem Mall, located on Abu Dhabi’s Reem Island, will offer 2 million sq ft of leasable ... ( read original story ...)

Property in Dubai Confidentially

How to Buy a Property in Dubai Confidentially? To buy a property in Dubai you must keep few things in mind. Dubai real estate market is continuously experiencing a boom since year 2000 and the main reason behind this is that foreigners are being allowed to ... ( read original story ...)

UAE’s Al Fahim names new GM for property unit EPICO

RELATED ARTICLES: EPICO expands to meet FM demand from Abu Dhabi CBD | Aldar, Al Fahim to build 5900sqm Mercedes showroom | Al Fahim business unit sees 17% growth in 2016 Al Fahim has appointed a new general manager (GM) for Emirates Property Investment ... ( read original story ...)

Dubai rents in 2018: Apartment prices per suburb

The updated Rental Index Calculator from Dubai Land Department’s Real Estate Regulatory Authority has just been launched. The Rera Rental Index Calculator is an online ‘guiding tool’ on how much rent you should be paying, and on whether you will ... ( read original story ...)

Dubai Land Department updates rental index for 2018

Dubai Land Department has updated its rental index for 2018 and added a new land rent index. The index is used to determine rental rates for various types property in Deira, Bur Dubai and freehold areas in the emirate. It is also a reference point in case ... ( read original story ...)

Dubai rents drop by as much as 25% in some areas

... that some areas saw declines of as much as 25 percent Declines in the Dubai Land Department’s recently updated rental index for residential, commercial and industrial properties mean that tenants will not face increased rent and generally reflect a ... ( read original story ...)