Tag: Dubai

Law amended to protect property buyers, developers

Law amended to protect property buyers, developers Law amended to protect property buyers, developers. It specifies procedures that will be applied in cases of breaches of sale contracts by the buyer. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a new law partially […]

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Why you should bet on serviced apartments in Dubai

Why you should bet on serviced apartments in Dubai Serviced apartments are usually occupied by business travellers, relocating families and leisure GCC families in Dubai. Serviced/hotel apartments have traditionally been more expensive to buy compared to standard residential units in Dubai. They also offer higher yields to investors, especially if managed by an internationally branded […]

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Facing property handover delays? What are your legal options?

Facing property handover delays? What are your legal options? Frustration in handover of projects marketed off-plan and investor options in instances of substantial delay are by no means extraordinary grievances laid against developers in Dubai. Arguably, delay in handover in such cases is a foregone conclusion with imagined completion dates approaching and subsequently expiring without […]

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Coming up: New homes at Meydan

Coming up: New homes at Meydan Prescott Real Estate Development has announced a residential project in the Meydan community. Prime Views, estimated to cost over Dh165 million, is a G+4 storey building with 133 one-bedroom units and 18 two-bedroom units. According to a Prescott spokesperson, Prime Views will be self-financed. The property is situated next […]

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Dubai master developer gets generous with payment plan

Dubai master developer gets generous with payment plan Attractive payment plans were all the rage at Cityscape Global. Jumeirah Golf Estates was one among the few master developers offering generous post-handover payment plans. For Alandalus, a mid-market apartment project, the master developer is offering a one per cent per month payment plan during construction. This is after you pay a five […]

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Most expensive penthouse sold in Dubai at Dh102m

Most expensive penthouse sold in Dubai at Dh102m It is the largest of three triplex penthouses, owner will get to enjoy over 29,800 square feet of luxury Omniyat has revealed that an anonymous buyer has scooped up the most expensive penthouse in Dubai for Dh102 million, beating the previous record price tag of Dh60 million. […]

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The Floating Venice – Luxury Underwater vessel resort in The World islands

World’s first ‘luxury underwater vessel resort’ launched in Dubai Valued at Dhs2.5bn, The Floating Venice will be located in The World islands Property developer Kleindienst Group has launched The Floating Venice – what it claims is the world’s first underwater luxury vessel resort – during the Cityscape exhibition in Dubai. Valued at Dhs2.5bn ($680m), The […]

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Is too many off-plan launches a good thing for Dubai?

Is Too Many New Project Launches a Good Thing for Dubai? New project launches in Dubai continued unabated during the first half of 2017. Sixty-eight new projects worth Dh21 billion were launched during this period as per data from the Land Department. These new launches are the latest addition to what is already a significant residential […]

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