Low-income families, bachelors to benefit from cheaper monthly rents – Abu Dhabi

Low-income families, bachelors to benefit from cheaper monthly rents – Abu Dhabi

ABU DHABI: Low-income families and bachelors in Abu Dhabi will benefit from cheaper monthly rents under a new scheme announced by Abu Dhabi Municipality on Saturday. The Department of Municipal Affairs and Transport said that high-quality affordable accommodations will be provided to low-income residents in the capital where rents would range from Dh700 to Dh1,400 […]

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8 things to ask a home finance advisor

From rates, restrictions, and valuations to turnaround time, here are the things you should ask your home finance advisor or broker when looking for home financing. 1. Loan offers Know the complete home loan offer, says Srinivasan Padamanabhan, Business Manager, Mortgages at Mashreq Bank. “Ask whether the rates are variable or fixed? If fixed, for […]

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Floating homes arrive at Dubai Water Canal First new home has anchored at Marasi Business Bay on Dubai Water Canal

Floating homes arrive at Dubai Water Canal First new home has anchored at Marasi Business Bay on Dubai Water Canal

If you’ve been walking along Dubai Water Canal or near Business Bay today, you might have noticed something intriguing on the waters. Well, the mysteriously wrapped deliveries you can see above are a brilliant new addition to Dubai’s residential scene – floating homes. That’s right – actual, floating homes have anchored in the Dubai Water […]

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Dubai sees sharp rise in new home handovers in first half A healthy 13,315 units get delivered against the measly 5,039 in first-half 2016

Dubai sees sharp rise in new home handovers in first half A healthy 13,315 units get delivered against the measly 5,039 in first-half 2016

Dubai: Dubai’s developers have shifted into higher gear on their handover schedules, with the first-half of this year recording 13,315 homes being delivered. This compares with the meagre 5,039 units completed in the same period last year, while the first half of 2015 tally was 8,714 units, based on data from Reidin-GCP. But even if […]

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UAE’s Azizi starts international sales of $3.2bn Dubai project Developer announces opening on sales office in India to promote Azizi Riviera

UAE’s Azizi starts international sales of $3.2bn Dubai project Developer announces opening on sales office in India to promote Azizi Riviera

UAE-based Azizi Developments has announced that it has started international sales of its recently launched AED12 billion ($3.27 billion) Azizi Riviera project with the opening of its sales office in India. Situated in the Mohammed Bin Rashid Al Maktoum City Meydan One project, Azizi Riviera comprises 69 mid-rise residential buildings of 13,000 units of one-bedroom, […]

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Indians, Pakistanis pour Dh27b into Dubai real estate UAE nationals pitch in with Dh37b in 18 months from January 2016

Indians, Pakistanis pour Dh27b into Dubai real estate UAE nationals pitch in with Dh37b in 18 months from January 2016

Dubai: Indian and Pakistani nationals put in a combined Dh27 billion-plus into Dubai property over the last 18 months, with the number of transactions they were involved in totaling 16,000. Indian buyers continue to make up the largest contingent of overseas buyers, with Dh20 billion. Saudi investors bought Dh12 billion-plus of property during the same […]

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Understanding real estate ROI

Understanding real estate ROI

The regional real estate investment markets have undergone significant change in the preceding decade and it is widely regarded that the commercial market, in particular in Dubai, is now an established investment destination with an increasing amount of activity among private investors, investment funds and institutions. When we consider the returns of real estate investments, […]

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Dubai Property Market Update August 2017

Dubai Property Market Update August 2017

Since 7th August 2017 to 27th August 2017, the Dubai Land Department has transferred 2.54 billion Dirhams worth of property, which was accumulated from 635 secondary market sales across Dubai. During the same period there were 1,281 off plan Oqood registrations at the Dubai Land Department worth 1.94 billion Dirham. There has been double the […]

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