Property resale registration fees are illegal in Abu Dhabi

I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made ... ( read original story ...)

Basics You Need to Know about Investing in Dubai Property

Many people are interested in investing in Dubai property but do not know how or where to start. And most likely, they are not aware of the available investment options. With more than $1 trillion expected to have entered the global real estate market in ... ( read original story ...)

Dubai welcomed record 14.9M visitors in 2016

Dubai welcomed a record 14.9 million visitors in 2016, the city's tourism department said Tuesday, as the Gulf emirate capitalised on its reputed safety in a region wracked by turmoil. The city-state, one of seven sheikhdoms that make up the United Arab ... ( read original story ...)

Why you must mull buying property in Dubai this year

After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market ... ( read original story ...)

Bank promises backing for grassroots events

Dubai: The chief executive officer of the Commercial Bank of Dubai (CBD) has reiterated the community aspect of backing an important sporting event like the recently-concluded Dubai Tour. One of the UAE’s premier banks, CBD has been a sponsor of the ... ( read original story ...)

Two students travel 12,000km for internship at Gulf News

Dubai: Two media students have travelled over 12,000km for an internship at Gulf News. But what’s driving young people like them to the UAE? Alison Xiao, 20, and Natassia Chrysanthos, 21, students at the University of Sydney, Australia, are in their ... ( read original story ...)

Why you must mull buying property in Dubai this…

After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market ... ( read original story ...)

Dubai Properties awards contract for 1/JBR project

Dubai Properties (DP) has awarded Dubai Contracting Company (DCC) the contract for its 1/JBR residential project, the developer announced at a recent press event. The agreement was signed by Abdulla Bin Lahej, group CEO, Dubai Properties and Ian Harper ... ( read original story ...)

Abu Dhabi looks for spark in residential sector

Abu Dhabi’s real estate market witnessed a continued slowdown last year, triggered by the decline in oil prices and subsequent impact on government spending, and consolidation of businesses across various sectors. Against this backdrop of macroeconomic ... ( read original story ...)