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Dream home in Dubai? Check your options
December 4th 2019For those wanting to invest in a property in Dubai, now may be the perfect time to do so. The right place and the right time are the two most critical factors to consider before making a real estate investment. At some point in our lives, we all think of buying property. While some look […]
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Revealed: where most luxury homes are being sold in Dubai
December 4th 2019Analysis of property transactions valued over AED10m shows that older areas of Dubai still dominate sales in luxury segment Established areas in Dubai still rank high on the radar of luxury property buyers, according to new research. Although the sale of a AED90 million villa at District One in Mohammed Bin Rashid City is the […]
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Dubai property transactions reach record one-day high
November 28th 2019Volume of sales transactions is 4 percent higher to date this year than all of 2018 Dubai saw the most property transactions in a single day since the heady days of 2008 on Sunday last, according to new data. A total of 515 real estate transactions – worth $241 million (AED 888.3m) – were registered […]
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Abu Dhabi, Dubai property prices have bottomed out
November 28th 2019Property prices in Dubai and Abu Dhabi are bottoming out and there is no room to drop prices any further by developers and landlords, say analysts and industry executives. They say that the secondary market stock will remain challenged by newly-delivered and off-plan stock and also keeping sales prices under pressure. “Whilst a recovery is […]
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Dubai’s top index ticks higher as real estate gains
November 26th 2019Banking stocks help trigger a rise in Abu Dhabi’s ADX Dubai: Dubai bourse’s main index gained on Monday, as real estate stocks got a brief relief after earlier declines, while banking stocks in Abu Dhabi drove the emirate’s benchmark higher. The Dubai Financial Market (DFM) index rose 0.7 per cent at 2,705.47, while Abu Dhabi’s […]
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Time for UAE’s real estate sector to be taxed
November 26th 2019Developers must bear such a cost depending on the number of units they bring to market It is time to tax real estate. Taxing the sector is the most straightforward way to curb its supply. Being once a main driver for economic growth in the UAE, it has now turned into a drag on the […]
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