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Can technology replace real estate agents in UAE?
October 31st 2018Technologies such as virtual reality (VR), augmented reality (AR), mixed reality and Artificial Intelligence (AI) are set to change how properties will be marketed in the UAE. They are also expected to transform the house hunting experience. Buyers from any part of the world can wear VR headsets and virtually visit properties without leaving their […]
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Certified staff are key to managing residential towers
October 31st 2018Lately, there is a flurry of activity across Dubai’s property landscape. The city’s residents and investors are benefiting from the declining property prices and the resulting incentives on offer and moving to cost-effective neighbourhoods of their choice or purchasing plush apartments in sought-after communities. Owning property is considered a milestone achievement in a person’s life. […]
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Average selling price for homes in Dubai dips below 2017 level
October 31st 2018Dubai: Property buyers in Dubai seem to be in the mood for bargain picks — average transaction prices during Q3-18 were lower than the 2017 average, according to a new update from the consultancy Cavendish Maxwell. It means that the Q3-18 average deal was in the range of Dh1.2 million for apartments and Dh1.9 million […]
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7 Things to Get Rid of Now—So You’ll Have More Storage Space for the Holidays
October 30th 2018From storing lots of decorations—garlands, stockings, ornaments!—to stashing a big pile of presents, the holiday season calls for a lot of storage space. If your home already feels filled to capacity and you haven’t even started your shopping list yet, then now’s the time to declutter and pare down before the holidays start. To find the hidden storage […]
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New York property start-up to double Dubai presence in 2019
October 30th 2018Online property marketplace Blueground will double its presence in Dubai next year to 600 properties, as the New York-based firm completed a new funding round of $12 million. The start-up also intends on becoming Dubai’s largest tenant in 2019. Its investors in this round included Dubai-based Jabbar Internet Group, VentureFriends and Endeavor Catalyst. The company’s […]
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The rise of REITs in the Gulf region
October 30th 2018The Gulf Cooperation Council (GCC) has witnessed significant growth in the number of real estate investment trusts (REITs) across the region, with over seven publicly listed REITs established to date. Since 2006, regulations have permitted REITs in the Dubai International Financial Centre (DIFC), but previous market downturns delayed any real progress within this particular sector […]
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