Tag: property

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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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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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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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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No slowdown in Dubai property market

No slowdown in Dubai property market Dubai’s real estate is increasingly becoming mature and investors’ trust level is at its highest in the emirate’s property market, a senior official has confirmed. Mahmoud Al Burai, CEO of Dubai Real Estate Institute, Dubai Government, ruled out any slowdown in the local property market, citing a strong regulatory […]

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Dubai residential sales dominated by off-plan purchases

In the first five months of 2017, 7,152 off-plan units were sold in Dubai. End-users are attracted to properly priced off-plan projects nearing completion Demand for off-plan property nearing completion is holding its own against that for ready homes in Dubai. With developers getting aggressive with pricing to sell their off-plan inventory, it is having […]

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Now Could be the optimum time to invest in Dubai property

Dubai’s residential real estate sector appears to be bottoming out following a three-year price slump and with brokers reporting growing interest from potential investors, now could be the optimum time to buy, says Propertyfinder Group. Dubai’s slowdown contrasts with the overheated New York and Hong Kong property markets, which along with the emirate are among […]

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