While many developers are focussing on catering to expats by offering them options in Abu Dhabi’s freehold areas, Aldar Properties has decided to swim against the tide in launching a new villa project exclusively for Emirati buyers. Read more
Dubai might be just about sand and oil to the uninformed, but those in the thick of things know there’s much more to this beautiful city than desert safaris and pristine beaches. Read more
Dubai-based property developer Deyaar Development is of the view that the prime factor attracting most investors to Dubai’s realty sector is the percentage revenue a property investment yields in the short and long terms. Read more
If you are thinking of putting your apartment up for a short-term lease without having a valid licence issued from the Government of Dubai, you are certainly asking for trouble, and monetary woes.
According to the law, people letting their properties as holiday homes without proper permission may find themselves facing fines of up to AED 100,000. Read more
Dubai’s rent index, which was updated thrice a year, will now be updated only once each year. Dubai Land Department (DLD) has confirmed that it would cease the practice it started in 2009, but would include extra details in its yearly rent index updates. Read more
The rapid rental increases of residential units in 2013 made the Dubai government introduce several new decrees to save the tenants from the unfair rent hikes and eviction notices on landlords’ part. Read more
Survey finds most investors upbeat about Dubai real estate market’s future
So you thought the real estate market of UAE had been left in shivers by the bears making rounds around the global economy these days. Well, you might have somewhat missed the target this time around, for there appears to be no such sentiment among the stakeholders. Read more
Why mobile apps are the better way to look for real estate options
Mobile applications are fast-becoming a necessity for taking a business to the next level and the fact is no less true for the real estate industry. Smartphone users are found hooked to their devices for hours each day, so it is generally a great business move to install a virtual signboard in the users’ line of vision in the guise of a purpose-built mobile app.
Dubai Water Canal, the eagerly awaited development set to connect Dubai Creek with Arabian Gulf, is slowly but surely taking its final shape. However, something has changed. Read more
This becomes all the more relevant in a thriving real estate market such as Dubai’s, which is why the emirate’s executive council has passed a resolution to create a law governing standards for surveyors and property valuers. Read more