With this growth momentum only expected to continue in the months to come, several real estate companies have welcomed the UAE government’s recent announcements to tighten real estate regulations …
Dubai: Real estate broker fined Dh50,000 for illegal property ad
A real estate broker in Dubai has been fined Dh50,000 for promoting property without the owner’s consent. The Dubai Land Department said the broker posted advertisements about the property online.The …
UAE property company accused of causing irrevocable damage to Egypt’s coast
A construction project by UAE’s Emaar has led to the erosion of the north coast’s sandy beaches, with the government called on to take action …
Dubai real estate market hits another high at $707.9 million on Wednesday
The emirate’s residential property market has been on an upswing in recent weeks, recording transactions over $1 billion on several days Dubai real estate market hits another high at $707.9 million on …
UAE property: ‘Should I tell my landlord that I don’t plan to renew my lease?’
I informed the landlord’s real estate company by email more than a month before the expiry of the lease that I would not renew the contract. Although a clause in the tenancy contract states that I …
Dubai real estate transactions surges to hit $653.4 million on Tuesday
This was 50 percent higher than the AED 1.6 billion transactions recorded on Monday Dubai real estate transactions surges to hit $653.4 million on Tuesday Dubai property market, Real Estate, Real …
Dubai ranks 4th globally for prime residential capital value growth in H1 2022: Savills
The resilience of the world’s residential city property markets has continued in the first half … According to the Savills Prime Residential Index: World Cities study, Dubai has recorded strong …
Tighter UAE rules for property transactions involving virtual assets
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 …