Tag: Dubai

Dubai property nets Dh162 billion in first 9 months of 2018

Dubai property nets Dh162 billion in first 9 months of 2018 Dubai’s real estate market recorded 39,802 real estate transactions worth Dh162 billion from the beginning of 2018 till the end of September, according to a report released by the Dubai Land Department (DLD). This compares to Dh204 billion worth of real estate transactions achieved […]

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Is now the time to be brave?

Is now the time to be brave? The most common question from potential buyers in today’s market must be, “is now the right time to buy?” The answer is far more reliant on an individual’s circumstance rather than a macro view of the market. However, in general terms a cyclical property market offers different opportunities […]

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Rent-to-own schemes get popular in Dubai

Rent-to-own schemes get popular in Dubai Rent-to-own schemes are emerging as a viable alternative for aspiring property owners who might not otherwise have the down payment needed to buy a home in Dubai. The rent paid on a home under such a scheme will be converted as equity towards buying the home.   It’s a […]

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Nakheel posts Dh1.55 billion Q1 profit

Nakheel posts Dh1.55 billion Q1 profit Nakheel made a net profit of Dh1.55 billion in the first quarter of 2018, up 5 per cent on Q1 2017. The developer had posted a net profit of Dh1.67 billion in Q4 of 2017. The master developer handed over nearly 200 land and built form units to customers […]

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Developer hands over Studio City apartments

Developer hands over Studio City apartments Danube Properties will hand over projects worth of Dh1.5 billion this year. Danube Properties will hand over projects worth of Dh1.5 billion this year, says Atif Rahman, director and partner, Danube Properties. The developer handed over 354 apartments in Glitz 3 in Dubai Studio City on Wednesday. Buyers of its […]

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Sheikh Zayed Road is not done scaling heights

Sheikh Zayed Road is not done scaling heights Dubai: Azizi Developers is ready to give shape to its tall ambitions … two skyscraper projects on Sheikh Zayed Road and with one of them to be the second tallest (at 570 metres plus) after the Burj Khalifa (at 830 metres right up to the tip). The […]

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Emaar project clinches Dh1 billion worth of sales

Emaar project clinches Dh1 billion worth of sales All 375 residences in twin-tower project sold out at launch Emaar Development has recorded total sales worth approximately Dh1 billion at the launch of the first residences in Emaar Beachfront, following a good response from UAE-based and international investors. Emaar Development’s launch of Beach Vista, a twin-tower […]

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Note to serious property sellers: Keep it real

Note to serious property sellers: Keep it real Homeowners must put up realistic asking prices to compete with developers’ off-plan units  Property sellers in Dubai are having a relatively tough time finding buyers for their units since they are competing with overgenerous developers who are luring customers with affordable prices, extended payment plans, DLD fee […]

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Brokers no longer allowed to sign rental contracts

Brokers no longer allowed to sign rental contracts Dubai: Brokers legally appointed to manage property of landlords based abroad are no longer allowed to sign unified lease contracts to get an Ejari, leaving some tenants in the lurch, Gulf News has learnt. The Dubai Land Department (DLD) in March launched the unified lease contract for rental properties in […]

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