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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Off Plan Property Dubai April 2017

Off Plan Property Dubai April 2017

Off Plan  Confidence has never been stronger in the Off Plan market. The Real Estate Regulatory Agency Chief Executive Officer, Marwan bin Ghalita, told Emirates 24|7 that Dubai’s Developers give the ultimate guarantee of completion. Some developers in Dubai are giving 100 per cent construction guarantee, which is the “ultimate guarantee” that any developer can give, […]

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Property Update April 2017

Property Update April 2017

Dubai Property Market Update  Since 27th December 2016 to the 8th April 2017, the Dubai Land Department has transferred 14.01 billion Dirhams worth of property, which was accumulated from 4,882 sales across Dubai.  2017 saw a 15% increase in volume from the same period the previous year. See below a selection of transfers in more detail including […]

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Angry tenants lodge complaints against noisy construction Dubai Municipality received nearly 900 complaints about building violations in the first three months of 2017

Angry tenants lodge complaints against noisy construction Dubai Municipality received nearly 900 complaints about building violations in the first three months of 2017

Dubai: Restless nights, the sound of jackhammers and the irritable noise of machinery are forcing tenants to lodge official complaints against noisy construction sites. In the first three months of 2017, Dubai Municipality received 898 complaints from upset tenants over building sites that violate the emirate’s laws and regulations including noise levels. The municipality’s set […]

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