Single or multiple cash payments equal to or above Dh55,000 to be reported Abu Dhabi: New reporting requirements for real estate transactions involving virtual assets conducted in the UAE have been …
UAE introduces new reporting requirements for real estate transactions
The new requirements ensure the development of regulatory frameworks, leaving little or no room for manipulation or illegal practices …
UAE issues new reporting rules for real estate transactions to combat money laundering
The UAE has introduced new reporting requirements for “certain real estate transactions” conducted in the country to fight money laundering and terrorism financing. As part of the latest directive, …
Immigration Central: Why are so many Indians buying property in Dubai?
As of July, 2022 real estate sales in Dubai touched AED 20.8 billion – up 61.7 percent over the corresponding period last year. Indians were on top of the list of buyers, according to a recent report.
What are 5 questions to ask before I buy a property in Dubai?
There are several costs that clients are required to pay apart from the purchasing price, however we wouldn’t call these hidden costs, as these are discussed during …
UAE property: ‘Can I notify my landlord of contract non-renewal by phone?’
Our current tenancy contract expires soon. In March, we sent an email to the landlord asking if he could decrease the rent, but we did not receive a reply. We then informed the landlord’s office over …
RANGE introduces the ‘Future of Luxury’, in DAMAC’s latest Dubai property
Dubai-based RANGE International Property Investments is launching Safa/Two Tower B, the sumptuous new address on Sheikh Zayed Road. The successor to Safa/One, Safa/Two is the latest addition to the …
Abu Dhabi residential sales prices rise, rental costs drop in H1 2022: Bayut & dubizzle
Potential investors and buyers have shown an inclination toward family-friendly suburbs such as Al Ghadeer and Al Reef in Abu Dhabi.
UAE: Etihad Rail connecting 11 major cities set to spur property market growth
When fully operational, the railway will be carrying over 60 million tonnes of freight and 36.5 million passengers …
Zazen Properties highlights real estate sustainability in the UAE
Homegrown real estate developer, ZāZEN Properties, is leveraging its expertise in sustainable property development to help realize key UAE initiatives such as the Dubai 2040 Urban Master Plan and UAE …
Etihad Rail set to accelerate growth in UAE’s property market
Linking the seven emirates from the Saudi Arabia border to the Oman border, the Etihad Rail is an integral part of the UAE Railway Programme. It is expected to be the catalyst for the growth of …
Dubai property rents: where they rose and fell in Q2 2022
What was the general market movement in Dubai in the first quarter? Rental rates in Dubai continued to rise across all areas from April to June as the momentum of the past year showed little sign of …
UAE: All you need to know before and after buying property in Dubai
Property is the most sought-after sector for local and foreign investors, pumping billions of dirhams every year to earn strong return on their investments. Over the years, Dubai has really …
Rak Properties sees lower earnings at over $6mln in H1-22
The basic and diluted earnings per share (EPS) fell to AED 0.013 in H1-22 from AED 0.060 in H1-21. During the second quarter (Q2) of 2022, Rak Properties posted a drop in net profit to AED 4.92 …
Homebond Properties Is Widening the Reach for Buyers in the United Arab Emirates
Homebond Properties is one of the leading real estate companies in Dubai. Homebond Properties offers excellent customer service from leading industry experts despite being a startup. The company …
Aldar to acquire four properties from Mubadala, deal valued at Dhs4.3bn
The transaction includes the four main office towers in ADGM located on Al Maryah Island, Al Sila, Al Sarab, Al Maqam, and Al Khatem.
Aldar Properties to acquire four towers in ADGM from Mubadala
Aldar Properties has signed an agreement with Mubadala Investment Company to acquire four prime Grade A commercial towers in Abu Dhabi Global Market (ADGM), …