Between April and June, approximately 1,300 apartments and 120 villas were constructed. ValuStrat, based in Dubai, projects around 9,000 units will be completed by the end of the year, with an additional…
Tag: property
Abu Dhabi launches first Rental Index to offer greater transparency in property market
“The Rental Index will energise the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract international investors,” said Rashed Al Omaira, Acting Director General, Abu Dhabi Real…
10 property owners banned from leasing, sub-leasing in Dubai
“These firm measures were taken due to repeated violations,” DLD said, adding that warnings towards this end had gone unheeded. Compliance with DLD regulations with regard to occupancy in a property and…
In Dubai property, offplan sales keep gaining, but ready sales drop
“While the market continues to grow month-on-month, it is beginning to slow down, a trend likely to continue over the next year,” said Lynnette Sacchetto, founder of RealTrust. “This shift will be…
Emaar net profit surges 33% to Dh7.8b on continuing Dubai property boom
Dubai: Sustained demand from its home market continues to drive Emaar group’s numbers, with H1-2024 revenues shooting up 17 per cent to Dh14.4 billion and resulting in a net profit before tax…
Real Estate Brokerage Law surges Saudi Arabia’s property transactions by 17 per cent
Speaking at the Real Estate Brokerage Forum, Al Hammad highlighted that residential transactions saw an 18 per cent rise to 2.9 million, totalling $81 billion (Dh297.5 billion). Commercial transactions also increased by…
Hotel operations of Palazzo Versace Dubai will not feel any impact from property sale
“The hotel has an exclusive management contract with Palazzo Hospitality Services, with contractual and exclusive rights of operation secured until 2037,” said Monther Darwish, Managing Director of Palazzo Versace Dubai, as well…
Should Dubai property buyers go for 1% payment plan or seek a mortgage deal?
Dubai: With more tenants in Dubai once again looking at buying a home, developers are rushing in with payment models that can meet buyers’ expectations without straining their budgets. And these days…
New pricing dynamics will come into play in Dubai property market
In red-hot real estate markets, it becomes hard to value properties as many factors come into the equation: location, size, layouts, proximity to the sea, renovations, in addition to comparable launches taking…
New perks for Dubai property buyers: Share in broker commissions on off-plan sales
Brokers are realizing that they have to offer more incentives to get potential buyers on their side. They need to do this as the offplan property market in Dubai turns hyper-competitive. “With…