Tag: real estate

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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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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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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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’s mid-budget housing: The best returns for your investment

Dubai’s mid-budget housing: The best returns for your investment While Dubai has been consistently making headlines for luxury real estate and extravagant commercial projects, historically, one important segment affordable or mid-budget housing has been neglected. And that’s surprising because 65 per cent of Dubai residents fall into this category; yet, there continues to be an […]

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Why Indians are investing big in Dubai property

Why Indians are investing big in Dubai property Almost 25 per cent of foreign investment in Dubai real estate is contributed by Indians. In less than 40 years, Dubai has transformed from a local trading community into one of the most inspirational, exciting and successful cities in the world. It continues to make global headlines as […]

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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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