News

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Dubai red-hot again? 24% spike in off-plan sales; property sales zoom past 2018 numbers

Dubai: Property buyers in Dubai sure are picking up the bargains.

Off-plan sales in the year to end September have already crossed the tally for the whole of 2018 ó thatís 16,056 units against 12,979.

Sales volumes are running at a 24 per cent gain year-on-year as investors and end users swoop in on the best deals out there.

They are not necessarily going in for the most accessible properties out there in terms of price.

Oct 10,2019

UAE Central Bank removes 3% early settlement fee for mortgages

Banks will no longer be able to charge a 3 percent early settlement fee for borrowers who want to exit their mortgage early, under a new directive from the UAE Central Bank.

Instead, the fee has been reduced to just 1 percent on the outstanding mortgage amount or AED10,000 Ė whichever is less.

Oct 10,2019

Best rental yields found in Dubai's new communities

Dubai real estate has offered one of the best rental yields in the world, especially in new communities giving better returns than many major cities around the world.

Sep 16,2019

Dubai's Rera to regulate and oversee real estate escrow accounts

Dubaiís Real Estate Regulatory Agency will assume responsibility for overseeing escrow accounts held by developers and will also accredit the financial institutions qualified to manage them, according to a law issued by the Dubai government on Sunday.

Sep 16,2019

Villa sales rise in Dubai as cheaper stock comes onto the market

Villa prices are falling in Dubai as newer, more affordable stock comes onto the market, according to real estate listings portal Property Finder.

Villas are 12.1 per cent cheaper than they were in 2017 and and 4.3 per cent more affordable than in the second half of last year, falling to an advertised median price of Dh855 per square foot.

Aug 20,2019

Property investors: What are the criteria to get Dubaiís 'golden visas'?

The property must have completed construction, cost Dh5m or more and be fully paid up

Jul 18,2019

UAE mortgage applications up by nearly 80 per cent

Mortgage applications in the UAE increased by 78 per cent over the year to April and enquiries rose by 59 per cent in the same period, a sign that end users are increasingly seeking long-term solutions for their housing needs, according to data from consultancy Mortgage Finder.

Jul 3,2019

7 reasons why now is the best time to buy a home in Dubai

Traditionally, most expats that move to the UAE rent apartments instead of purchasing one, with the intention of saving the money they make in Dubai to buy property in their home country.

With many expats staying in the country for longer periods of time and with real estate prices continuing to see a decline, experts say that buying a home in the UAE can save you money. And here are some of the reasons why:


 

Jun 30,2019

Dubai's luxury home sales see mini-resurgence

Dubai's property market is seeing a mini-resurgence in luxury home sales after a rather dull run last year. And the numbers prove it.
In the first five months of this year, the number of property sales registered with Dubai Land Department were 14,239 units against 14,299 last year. But when it comes to their value, this year's January to end May run clocked in at Dh24.29 billion, a sharp enough improvement on the Dh21.16 billion in 2018.

Jun 13,2019

Dubai sees property deals worth $1.5bn during Ramadan

Property deals worth AED5.6 million ($1.5bn) were completed in Dubai during Ramadan this year.
Research from Property Finder revealed there were off-plan deals worth AED2.63 billion in the emirate over the period, an increase of 51 percent on Ramadan 2018 (AED1.74 billion) and up 54 percent on the 2017 figure (AED1.71 billion).

Jun 13,2019

Dubai's offplan sales make a strong comeback in February

Dubai: Dubai's property market and its developers had lots to cheer about in February, with offplan sales recording their best monthly performance since May last year.

Jun 12,2019

Time to put to rest oversupply fears in Dubai real estate

There is a trend in the Dubai property sector I have been observing for several years. Every quarter or so opens with an armchair analyst predicting "oversupply".

May 3,2019

Dubai off-plan property deals account over half of 2019 transactions

Off-plan properties accounted for 55 percent of Dubai market transactions in the first 2 months of 2019 while secondary market deals made up the remaining 45 percent...

May 2,2019

Property buyers are back in Dubai

Dubai's property market is witnessing signs of green shoots as the number of transactions increased in the first two month of 2019...

May 2,2019

8 luxury properties in Dubai to watch out for

Prices may have softened, but high-end communities with limited supply and ready units are seeing strong demand, experts told Property Weekly.

May 2,2019

Is it a good time to buy property in Dubai?

In this edition of Property Weekly's Market Talks, Esha Nag speaks to Declan King and Richard Waind about the nuances of buying and selling property when prices are low.

May 2,2019

New visa regulations, prices attract Dubai real estate investors

Dubai developers are trying to stay ahead of the game with innovative and attractive new payment plans, rent-to-own schemes and other marketing strategies

May 2,2019

Why buyers are now entering the UAE property market

Two old friends contacted me for a chat about buying property this week. This time, however, they were actually doing it and not just talking about it.

May 2,2019

How to: Buying property in Dubai with a Dh1m budget

The property market in Dubai is extremely diverse, which makes finding the right property simple.

May 2,2019

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