The Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM). The MoU was signed by Sultan Butti bin Mejren, directo…
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Dubai Land Department inaugurates real estate promotion trustee office in New York
Dubai, United Arab Emirates:Dubai Land Department (DLD) inaugurated a real estate promotion trustee office in New York in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of HE Maji…
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A cityscape in flux: The outlook for the UAE property market
These included Dubai’s Union Properties, which announced the Dhs2.5bn ($680.6m) Avenue District – a 2 million square feet project within its Motor City master development that includes One …
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Sales, prices and rents fall in Abu Dhabi in third quarter of 2018, latest data shows
Property sales in Abu Dhabi fell in the third quarter of 2018 as demand fell while residential prices and rents also declined, according to the latest index report. The data from the Asteco market rev…
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Dubai Rents And Property Prices Set To Fall Again
Property prices and rents are expected to take a dive in Dubai before the end of the year. Property consultants are forecasting both will drop by up to 5% by December, after the number of properties c…
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Time to rent or buy property in the UAE?
Should I continue to rent a property or buy? It is the million-dirham question playing on the minds of expatriates in the UAE. Many people arrive in the Emirates thinking they will do a two to …
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AccorHotels adds serviced-apartment development to Dubai portfolio
The Mövenpick Hotel Apartments Downtown Dubai is the brand’s sixth property in the emirate. With 244 units that range from rooms to fully equipped one-, two- and three-bedroom apartments, the property …
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Finding value-for-money deals in Dubai real estate
It’s the perfect time to shop around for value deals in Dubai’s real estate market with property price valuations at their most attractive. Investors are taking the correction in prices as an opportun…
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Proximity to Metro pays off for Dubai property owners
Dubai: Being close the Dubai Metro’s Red Line is paying off for property owners. Prices for apartments within a five-minute walk of a Metro station have grown by 51 per cent between the first quarter …
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Real estate value in Dubai impacted by proximity to metro station
Dubai — Prices for residential units in Dubai that are within a five-minute walk to a metro station have grown by 51 per cent on average between Q1 2010 and Q1 2018, showed Knight Frank’s …
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Live close to Dubai Metro, the rents are lower
The Dubai Metro has impacted residential capital and rental values since it started operations in September 2009 with the opening of the Red Line and the Green Line in 2011. According to a report by g…
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Dubai Holding to Buy Stake in Zara’s Middle East Operator
which has been mostly focused on selling assets and restructuring debt since Dubai’s property-led crisis. The firm which owns Dubai Properties Group LLC and hotel operator Jumeirah Group LLC, is one o…
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UK property ‘a once-in-a-generation opportunity for Middle East investors’
“If there was a time to buy UK property I would say it is now,” says Mr Sanger, a Dubai resident with £14 million (Dh66.8m) of real estate assets in the UK spread across buy-to-let terraced houses in …
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Dubai Holding said to buy stake in Beirut’s Azadea
which has been mostly focused on selling assets and restructuring debt since Dubai’s property-led crisis. The firm which owns Dubai Properties Group and hotel operator Jumeirah Group, is one of three …
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Emaar launches premium Downtown Dubai apartments
… build-to-sell property development business majority-owned by Emaar Properties, is offering investors the last opportunity to invest in a residential apartment in Downtown Dubai, the world’s most …
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India’s Lemon Tree to open first Dubai hotel
Indian mid-range hotel chain Lemon Tree said on Tuesday it would open its first property in Dubai. The hotel, located on Al Wasl Road, will features 114 rooms and suites, an international …
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Dubai real estate brokers earn 35% less commission in first nine months of 2018
Real estate brokers in Dubai earned 35 per cent less commission in the first nine months of 2018 compared to the same period last year. Figures from Dubai Land Department (DLD) showed Dhs842m ($ …
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