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Tag: property

Posted on 11/10/2020

The future of localisation in the UAE

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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Posted on 09/10/2020

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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Posted on 08/10/2020

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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Posted on 08/10/2020

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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Posted on 07/10/2020

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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Posted on 07/10/2020

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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Posted on 06/10/2020

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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Posted on 05/10/2020

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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Posted on 05/10/2020

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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Posted on 05/10/2020

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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Posted on 04/10/2020

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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Posted on 03/10/2020

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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Posted on 03/10/2020

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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Posted on 02/10/2020

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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Posted on 02/10/2020

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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Posted on 02/10/2020

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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Posted on 01/10/2020

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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