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Demand to soon outstrip supply for Dubai homes

A surge of supply is expected to hit the Dubai residential market in the run-up to 2020. This is a result of the slew of off-plan launches witnessed in the past two years, riding high on incentives offered by developers. However, concern is being raised in some quarters on how

Landlords in Dubai keep sweetening rental offers

Dubai: Thinking of buying or renting a home right now in Dubai? Based on 2018 second-quarter transaction data, the answer will not be an easy one for residents to make. Another 3,200 homes were delivered in the second quarter on top of the estimated 3,800 units completed in the first

Who buys most apartments in Dubai?

Dubai: Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term. The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece

Dubai’s real estate deals net Dh111b in first half of 2018

Dubai: Real estate transactions in Dubai totalled Dh111 billion in the first six months of the year from the robust Dh132 billion recorded same time last year. UAE nationals, Indians and Saudis continue to take up the top three spots in committing investments, accounting for Dh6.8 billion, Dh5.9 billion and

Step-by-step guide to buying a house

The process of buying a house in Dubai normally takes two to ten weeks, depending primarily on whether there are mortgages involved on either the purchaser or the seller. The fastest route, of course, is a full cash transaction. The transaction costs for buying property are in the range of