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The rules aim to protect the interest of the country, the industry, as well as the consumers. The Dubai Land Department (DLD), through its Real Estate Regulatory Agency (Rera), has issued a circular to real estate companies requiring them to abide by the 10 principles of business ethics in real estate. (Check apartments for rent in UAE) In the first principle, Rera emphasised the trust that real estate firms should uphold to maintain and enhance the

Affordable units spur sales in Dubai property market

Posted by Seven Century on October 29, 2019

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Supply continues to provide direction to prices and rents in emirate With affordable properties spurring transactions in a relatively soft Dubai property market, handovers in the fourth quarter are expected to average between 5,000 and 7,000 units, according to the latest market report by a leading property consultancy. A Cavendish Maxwell study said that a balance between demand and supply is expected to be achieved consequent to the establishment of the real estate planning committee.
Number of enquiries recorded by portal Juwai.com falls 15.3 per cent year-on-year Interest in the Dubai property market by Chinese buyers fell in the third quarter of 2019 as the outlook for the sector remains difficult due to oversupply fears. Buying enquiries made through Juwai.com, a portal which advertises overseas properties to Chinese buyers, dropped 15.3 per cent year-on-year during the quarter, but interest remains “healthy” overall, according to executive chairman Georg Chmiel. “Chinese buyers

UAE: Why you should invest in a rented property

Posted by Seven Century on October 19, 2019

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Dubai: For first-time buyers and landlords looking to add to their real estate portfolio, buying-to-let is an attractive option in terms of potential earnings. After all, who wouldn’t like the idea of someone else paying your mortgage for you? From the practical side of things, you can also save a lot of your time and effort if you are spared the task of having to find reliable tenants who will treat your property with respect.
The tenant has moved out of the Dubai studio apartment but is now being asked to pay for minor maintenance My family of four lived in a studio apartment for a year. After handing the keys back to the facilities management team, an inspection was carried out that found small cracks that were barely visible. We were then told we would be charged about Dh7,000 and I am still waiting for the final quote. Dh7,000