How hard is it to sell luxury property in Dubai?
What does it take to sell a Dh20-million signature residence on the Palm Jumeirah or an equally super-prime property at Jumeirah Golf Estates? Sound knowledge of the market, a can-do attitude or plain luck? Andrew Cummings, co-founder and managing director of Luxuryproperty.com, says selling super luxury in Dubai to investors around the world is all […]Read more
Understanding real estate demand, supply in Dubai: Will there be enough flats for growing population?
Dubai: Dubai’s real estate market recorded a high-transaction volume during the last ten days of 2018 with a value of more than Dh 19 billion through 2,081 transactions. Sultan Butti bin Mejren, Director General of DLD confirmed a healthy demand from buyers and investors who are benefitting from legislation and investment incentives recently announced by the Dubai […]Read more
For residents, 2019 will be the year to rightsize
As a Dubai resident, have you figured out your New Year resolutions yet? And does it have anything to do with moving homes? A study conducted by Service Market, a home services provider in Dubai, found that while last year saving money and getting healthy were the top resolutions made by Dubai residents, this year […]Read more
Risk to a property deal is high without a conveyancer
Your property conveyancer will conduct a thorough analysis and inspection into the financing and any compliance obligations. A conveyancer will ensure contracts are written to protect the interests of all parties The total value of real estate transactions in the UAE fell by 16 per cent to Dh111 billion during the first half of 2018 […]Read more
US team to review Dubai real estate investment
150 agents and 11 investors from the US seek investment opportunities in Dubai The Dubai Land Department (DLD) will receive a delegation from the US representing government and private institutions and comprising more than 150 real estate agents and 11 investors who are seeking investment opportunities in Dubai. Sultan Butti bin Mejren, director-general of DLD, […]Read more
GCC property markets forecast to remain under pressure in 2019
S&P Global Ratings says supply demand imbalances, economic slowdown, and lower population growth to hit Guf real estate markets next year. GCC real estate markets in 2019 are not expected to fare any better than in 2018, said S&P. The ratings agency said GCC real estate markets in 2019 are not expected to fare any […]Read more