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Tag: property

Posted on 19/07/2018

FBR receives detail of Dubai properties owned by Pakistanis

ISLAMABAD: Federal Board of Revenue (FBR) has declared that it has received detailed information about secret properties and income of Pakistanis in Dubai. As per media reports, regarding this matter, …
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Posted on 18/07/2018

2018 Report: Prices falling in most areas of Abu Dhabi

The cost of renting and buying property in Abu Dhabi has decreased overall from H2 2017 to H1 2018, as per Bayut.com’s H1 2018 market report for Abu Dhabi. -Average apartment rental prices fell, but p…
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Posted on 17/07/2018

Dubai property agents see 30% drop in commissions in H1

Real estate brokers in Dubai earned more than 30 per cent less in commission in the first half of 2018 than they did in the same period last year, according to Dubai Land Department. Official figures …
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Posted on 16/07/2018

Dubai Properties enters into strategic partnership with DLD

RELATED ARTICLES: Dubai Properties unveils Middle East’s largest living green wall | Sheikh Hamdan approves DLD restructure | Project update: Inside Dubai Properties’ minimalist $272m 1/JBR tower Duba…
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Posted on 16/07/2018

Traps to avoid when buying property in the UAE

The sales market has been buoyant in the off-plan sector but troubled in the secondary market for some time now. Prices have been sliding since 2015 due to the oil price crash and resulting issues aro…
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Posted on 16/07/2018

Health hazard abandoned buildings earmarked for demolition in Abu Dhabi

Abu Dhabi City Municipality has already started the process of tearing down the 44 eyesore properties, with work underway to remove the rest. The municipality has said that they are among a total of 9…
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Posted on 16/07/2018

Central Hotels unveils new Dubai property

Dubai-based Central Hotels is growing its footprint rapidly with the soft opening of its new five-star resort at The Palm, Dubai. The stunning Royal Central Hotel features 207 elegantly-appointed room…
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Posted on 14/07/2018

Dubai Properties to support DLD initiatives, projects

Dubai Land Department (DLD) has announced a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubai’s real estate sector. The agreement was signed by Sultan Butti …
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Posted on 14/07/2018

Oversupply continues to impact Dubai property rents, prices in Q2

Dubai’s residential market is continuing to feel the pressure of property oversupply, according to Chestertons. Its latest Observer: Dubai Q2 2018 report said overall rental rates for apartments and v…
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Posted on 14/07/2018

UAE cities see some of world’s biggest property price falls

The UAE cities of Abu Dhabi and Dubai have seen some of the world’s biggest property price declines in the past 12 months, according to Knight Frank. Its latest Global Residential Cities Index Q1 2018 …
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Posted on 13/07/2018

UAE Business Brief – Patents, Trademarks & Counterfeiting

and a certified copy of any priority document); Patent application undergoes formal examination at the UAE Patent Office and substantive examination at the search authority in Austria under the superv…
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Posted on 12/07/2018

Average Dubai property prices said to be down 20% on 2014 peak

Average Dubai property prices are 20 percent below peak values recorded in mid-2014, according to real estate consultants ValuStrat. The ValuStrat Price Index (VPI) for residential properties in Q2 wa…
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Posted on 12/07/2018

Abu Dhabi sees largest rental declines for 12 months in some areas

Read: Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1 The real estate consultancy said apartment rents were down 2 per cent and villa rents 4 per cent from the first to the second …
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Posted on 12/07/2018

DCT Abu Dhabi, Emaar Sign Agreement, Support Local Publishing Industry

DCT Abu Dhabi has signed an agreement with Dubai-based Emaar Properties to support the ‘Promoting Culture’ initiative. The initiative seeks to enrich the reading community in the UAE and the Arab regi…
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Posted on 11/07/2018

Abu Dhabi, Al Ain house rents continue to decline

Villa and apartment rents recorded a continued decline in Abu Dhabi and Al Ain in Q2 2018, according to Asteco, a property services company. In Abu Dhabi, apartment and villa rents decreased by two pe…
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Posted on 11/07/2018

Why Affordability Is The New Buzzword in Dubai Real Estate

Affordability wasn’t written into Dubai’s design brief. The ‘build it and they will come’ mentality saw developers race to fill the desert with glitzy skyscrapers, transforming the fortunes of the cit…
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Posted on 11/07/2018

Dubai property transactions sink despite government efforts to woo investors

Real estate transactions in Dubai reached a value of AED111 billion (USD30.2 billion) in the first half of 2018, Emirati officials revealed Saturday. This is down, however, from the AED132 billion in …
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