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Samana Developers launches Dh100 million resort-theme project
February 24th 2020Dubai – Dubai-based Samana Developers has launched Dh100 million Samana Golf Avenue project in Dubai Studio City. The developer will offer 50 per cent finance facility to its buyers while UAE lenders allow only 20 per cent. It also offers guarantee of 24 per cent returns at 8 per cent per annum for 3 years. […]
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10-year visa: More expats will invest in freehold homes
February 23rd 2020A similar visa residency initiative was what sparked the 2002 freehold boom The UAE’s decision to allow for longer term residence visas and 100 per cent foreign ownership in companies is expected to have a significant impact on the property market, both residential and commercial. End-user expatriates who have hitherto chosen to rent property in […]
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Newcomers to UAE prefer to play safe by renting
February 22nd 2020Dubai: The steep decline in rents across Dubai is actually getting in the way of more home buyers entering the market. “For most people who have already purchased property, they have seen values soften in the last couple of years,” said Murray Strang, head of Dubai office at Savills. “This does not create a strong […]
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Dubai introduces instant bank account for new entrepreneurs
February 20th 2020Dubai Economy has established a blockchain consortium in partnership with six UAE banks, whereby freelancers and entrepreneurs in Dubai will soon be able open bank account instantly. “KYC (Know Your Customer) Blockchain Consortium” consists of Emirates NBD, Emirates Islamic, HSBC, Rakbank, Abu Dhabi Commercial Bank and Commercial Bank of Dubai. Through the first KYC blockchain […]
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11 awkward mortgage questions you’re way too embarrassed to ask
February 18th 2020Leveraging (mortgage – Mortgage Calculator ) is key in making the best of your real estate investment, or getting the home suitable for you and your family. The right knowledge makes the difference in the quality of your decisions when you are attempting an investment. The are questions that we may feel embarrassed to ask. […]
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This 15,000-sqft flat on Dubai Palm yours for Dh55 million today
February 17th 2020Dubai: There is no such thing as a good or bad time in the property market… not when it comes to selling a Dh55 million home. That’s the mindset Palma Development is taking for its penthouse at the recently-completed Dh1.3 billion Serenia Residences on the Palm, right on the Crescent. “Truth be said, these kind […]
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