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40% residents plan to invest in UAE property

Property remains the preferred investment asset of UAE residents, with 40 per cent of residents planning to invest in property in the UAE and 18 per cent planning to do so overseas in the next year, reveals an annual YouGov survey conducted by IP Global, a property investment company. In

Apartment-villa price gap narrows in Dubai

The gap between apartment and villa/townhouse prices is narrowing in Dubai, says consultancy Cavendish Maxwell. The first quarter of Q1 2017 marked the entry of lower priced villa/townhouse inventory into the market, taking the average trading price for villas and townhouses in Dubai from Dh2.7 million at the end of

Growing up: Dubai’s real estate evolution

Despite continued declines in rents and property prices, along with the growing spectre of oversupply, experts are noting that in many ways Dubai’s real estate market is maturing and has a bright future ahead as it looks towards Expo 2020 and beyond. Last week, property consultants Cavendish Maxwell released a

More supply to weigh on Dubai house rents in Q1 of 2018

During 2017, residential rents declined at a faster pace than prices, resulting in yield compression in most communities. Primarily, new project handovers have impacted rent performance. According to Property Monitor Supply Tracker, more than 13,800 apartments and over 7,800 villas/townhouses were handed over in Dubai during 2017. Rents for residential

Dubai to go all out for overseas buyers

DUBAI: Dubai’s property market is to go all out chasing overseas investors. A series of roadshows will be held in key overseas markets — India, China, Russia and even the US — through the year to get these investors to sit up and take notice. The Dubai Land Department is