The Abu Dhabi Department of Economic Development, which had previously soft-launched its localisation scheme (Abu Dhabi Value), followed suit in early 2020. Then in September 2020, Emirates Nuclear …
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First-time realty buyers return to Dubai market
First-time property buyers have entered the Dubai housing market in a significant manner as increased long-term confidence in Dubai, lower mortgage rates, higher loan-to-value ratio and discounted …
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Court rejects man’s plea to force ex-wife pay part of bank loan in UAE
The man had also urged the court to issue orders to the woman to vacate one of the two apartments in the villa.
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New UAE Real estate consortium to boost property sector. Have prices hit bottom?
Look who’s on the way back: UAE’s real estate sector. Were there ever any doubts in the presence of COVID-19? Yes, but those are quickly vanishing. A consortium of premier real estate companies has …
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UAE expat was helping a stranger when he won $1 million
Abu Dhabi resident Mohammed Shafique was helping a stranger on the road when he got the best surprise of his life. He won the $1-million jackpot in the latest Dubai Duty Free (DDF) Millennium …
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Property shares weigh on Dubai bourse; other markets muted
Major stock markets in the Gulf were little changed in early trade on Wednesday, with losses in real estate shares weighing on the Dubai index.
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Dubai property supply-demand seen levelling off in 2022 onwards
Residential property supply in Dubai will remain strong this year and the next, but handovers will slow down from 2022 onwards as new project launches have dropped significantly in the last couple of …
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Dubai’s retirement visas could help stabilise expat population
This requirement is an income of 20,000 UAE dirhams per month ($5,446) , 1 million UAE dirhams in savings or property investments worth 2 million UAE dirhams. Thaddeus Best, Moody’s Analyst described …
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Dubai property owners need to clear all service fee dues to rent or sell their units
Dubai: Property owners who have fallen behind on service charge payments in Dubai will not be given official clearance to rent or sell that unit – until all arrears have been cleared. This follows the …
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Dubai villas see high demand as apartment prices face declines
A steady uptick in demand from end-users is expected to drive prices of villas and townhouses in Dubai as apartment prices face further declines on diminishing appeal in the wake of the pandemic …
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Cove Beach set to open second venue in Abu Dhabi’s Makers District
Dubai’s popular Cove Beach is set to open its second location in the UAE at Abu Dhabi’s Makers District on Al Reem Island in partnership with developer Imkan Properties. The new venue, which is set to …
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Dubai’s weekly real estate sales transactions hit $1.05bn
Dubai’s real estate and properties transactions value hit AED3.89 billion ($1.05 billion) during the week ending October 1, according to the figures of the Department of Land and Property in Dubai. Of …
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10 things to know before you move house in Dubai
Tips on moving, essential documents and how much a house move in Dubai is likely to set you back Whether you’re moving to Dubai, or moving within Dubai, there’s a whole load of processes you’ll need …
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Special: Dubai realty sees V-shaped rebound
Property transactions in Dubai recorded a strong rebound in the third quarter compared to the previous quarter, signalling that the real estate market is undergoing a full V-shaped recovery, an …
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Time UAE residents thought beyond renting to actually investing in property
So, given the opportunity to purchase a property – or your home, no less – would you not hold on tightly and make sure you “own” it? In Dubai, while there has been a correction in rental values, it …
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Why It’s The Right Time to Invest in Dubai’s Properties
It is apparently high time to invest in the Dubai property market as prices are fairly valued and more affordable than almost all of those in the top 25 …
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Dubai property sales deal volume up 55% in Q3
This yerar September’s property sales figures have reinforced that the Dubai real estate market is in a full V-shaped recovery, according to Data Finder, the real estate insights and data platform …
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