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How to create a boost for Dubai real estate
October 7th 2019Residents need to be incentivised to take a long-term view on living, working, investing Dubai has structured and broadened its sources of income while taking considerable measures to stimulate growth and development. Attracting foreign investment has been, and will continue to be, crucial in order to maintain Dubai’s business appeal, which is realised by constantly […]
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Dubai may not see wave of mortgage defaults
October 7th 2019Surge in property prices witnessed during 2012-14 was not driven by credit. Dubai’s real estate sector has been going through challenging times over the last few years but mortgage defaults are unlikely to be as high as witnessed during the previous global financial crisis, a study said. It is believed that the surge in property […]
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Residential rents in Dubai to stay lower in 2020
October 1st 2019Sector pricing to continue downward trend on supplies, competition and bullish economic sentiment. Residents in Dubai are expected to enjoy lower rents next year despite a pick-up in economic activity and preparation for Expo 2020 as more units will come online and increase competition in the market, experts say. Unlike a general perception that rents […]
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What do Dubai residents want in their communities
October 1st 2019As community living becomes more affordable, Dubai’s population needs are also changing. From sustainable living solutions to more community gatherings, Dubai’s residents want “more”. Community residents are laying more emphasis on the environment, and more connectivity. Tala Bitar lives with her family in The Villa community. While the area has developed with more facilities, she […]
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New joint ownership real estate law issued in Dubai
September 25th 2019Sheikh Mohammed issued the law on Tuesday. A new real estate law was announced in Dubai on Tuesday. His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Vice President and Prime Minister of UAE and Ruler of Dubai, issued Law No. (6) of 2019 pertaining to the joint ownership of real estate in […]
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UAE property offers higher returns than Far East markets
September 25th 2019Dubai – Real estate in the UAE is not only affordable now but the rental returns are also double of what is offered by the Far Asian markets, industry executives said. “Generally, the rate of return in Thailand, Malaysia and other neighbouring markets is around two to three per cent. If we get four per […]
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