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Dubai off-plan sales start to dwarf ready units

Dubai: A gap is building up between off-plan transactions and those involving ready properties in Dubai, with the third quarter numbers further amplifying the difference. “Buyers have been attracted away from older second-hand properties with modern specification, lower price points, attractive payment plans and hoped-for appreciation during the pre-handover build

DLD opens investment lane for DIFC entities

It was recently announced that the Dubai International Financial Centre (DIFC) and the Dubai Land Department (DLD) have entered into a strategic memorandum of understanding (MOU). The purpose of the MOU is to allow investors to use DIFC-based entities to acquire and hold real estate assets in Dubai outside the

Top foreign investors in UAE property revealed

Investors from India were the most active international users on UAE classified website dubizzle in August 2017, according to a new report. On average, 19% of monthly foreign visitors to dubizzle property website originated from India, with 16% were from Saudi Arabia and 15% from the United Kingdom, a report

Time for a VAT realty check

With effect from January 1, 2018, valued added tax (VAT) will be a reality in the UAE. As the real estate sector affects most expat lives in the UAE, let us take a look at the implications of the new levy on this industry. Commercial property (sales and leases) will

2017: Cheapest areas to rent in Dubai

We have listed the cheapest residential areas based on brackets defined by the official Rera Rental Increase Calculator. The areas are listed based on the lowest rental brackets for studio apartments in annual rent (Dhs). The table below also shows the rent ranges for one-bedroom and two-bedroom apartments in the