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

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Jan18
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

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Jan16
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

Revealed: Dubai’s most expensive communities

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Jan15
Downtown Dubai and the nearby Old Town community are the most expensive areas to rent and buy apartments, according to new research from Propertyfinder Group. According to the research, the most expensive area to buy an apartment is downtown Dubai, with an average price per square foot of AED 117

Dubai property sales up 6% by value in 2017

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Jan14
Dubai Land Department has announced a 6 per cent increase in the value of real estate transactions conducted in 2017 compared to the previous year, despite a wider downturn in the market. The department said Dhs285bn ($77.59bn) of real estate deals were carried out last year across 69,000 transactions. This