Property Mag December 2019
Dubai announces 10 real estate guidelines; here’s how they will affect you
The rules aim to protect the interest of the country, the industry, as well as the consumers. The Dubai Land Department (DLD), through its Real Estate Regulatory Agency (Rera), has issued a circular to real estate companies requiring them to abide by the 10 principles of business ethics in real estate. In the first principle, […]
Reduction in early mortgage settlement fee in UAE
Reduction in the exit fee and removal of age cap deliver positive impact on realty market Set to 25 years, the maximum tenure provided on a mortgage loan in the UAE is very long compared to any other kind of loan. Mortgage holders can clear the debt prior to the repayment period, but the banks/financial […]
Decoding Dubai’s new law governing jointly owned properties
Legal 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 […]
Dubai issues first ‘partial’ title deeds
This 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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Time for UAE’s real estate sector to be taxed
Developers 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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Eden at The Valley
The Valley’s first villa community, Eden is designed to elevate your every day. With well-shaded walkable streets, generous green spaces and an array of exceptional amenities, you and your loved ones will live the lifestyle you have always dreamt of. The Valley is strategically located on Dubai-Al Ain Road, a major thoroughfare connecting two of […]