Tag: Dubai

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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VAT in UAE: Key facts on real estate

VAT in UAE: Key facts on real estate The UAE will start implementing a value added tax (VAT) rate of five per cent from January 1 2018, and businesses in the first phase can start now registering on the website of the Federal Tax Authority (FTA). As the real estate sector affects most expat lives in […]

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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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