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Dubai issues first ‘partial’ title deeds
November 21st 2019This was done as a pilot project for a serviced hotel apartment project Dubai: Dubai issues first ‘partial’ title deeds to investors in a serviced hotel apartment project. If all goes according to plan, the scheme, which could spike interest in such units, will be rolled out to other eligible schemes in the city. “The […]
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UAE plans to loosen cap on bank lending to property industry
November 21st 2019UAE banks can currently lend as much as 20 per cent of customer deposits to the property industry The United Arab Emirates’ central bank is working on new rules that will loosen the cap on bank lending to the struggling real-estate industry. UAE banks can currently lend as much as 20 per cent of customer […]
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8 Striking Statement Lighting Ideas for Every Taste
November 20th 2019Get Ready to Brighten Up 1. Elevate Your Decor Game With Striking Light Fixtures Studio McGee The right accessory can really take an outfit to the next level. The same is true for indoor lighting. A fantastic fixture that makes a standout statement will enhance any space in your home. And lucky for you, there […]
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Beginning today: A new freehold ownership era starts in Dubai
November 20th 2019Property owners take over control of property management, service charges under Rera HIGHLIGHTS The new law allows homeowners to have a direct say in the management of their properties Law kicks in today, November 19, 2019 It allows homeowners, or their representatives, to set service charges When disputes over service charges arise, adjudicators will rule […]
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Decoding Dubai’s new law governing jointly owned properties
November 20th 2019Legal experts and industry players tell how new law will benefit the real estate sector Dubai issued in September a new pertaining to the joint ownership of real estate in the emirate. Law No. (6) of 2019 outlines the procedures concerning the maintenance of buildings and common areas in addition to what share of costs […]
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Dubai prime property prices rise for second quarter in a row
November 16th 2019Frank Knight data for Q3 shows more signs of Dubai real estate market being close to bottoming out after a sustained downturn Prime property prices in Dubai have registered a small rise for the second consecutive quarter, as the market shows more signs of being close to bottoming out after a sustained downturn. According to […]
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