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Indians invest Dh83.65 billion in Dubai property in 5 years

Posted by Seven Century on February 28, 2018

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Indian nationals, who form the largest foreign investor group in Dubai’s real estate, bought properties worth Dh83.65 billion in the last 5 years – from 2013 to 2017 – in Dubai’s property sector, according to statistics compiled by the Dubai Land Department (DLD). They invested Dh15.6 billion in Dubai’s real estate in 2017, Dh12 billion in 2016 and Dh20 billion in 2015 – their highest in a year, according to the DLD. “Indian nationals are

‘Optimistic mood’ in Dubai property market – DLD chief

Posted by Seven Century on February 27, 2018

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A total of 150 real estate projects worth Dhs82bn ($22.3bn) were registered in Dubai in 2017, the Dubai Land Department (DLD) has confirmed. In a statement, DLD also said that 90 projects were completed last year. Sultan Butti bin Mejren, director general of DLD, asserted that there was “strong coordination” among all the relevant institutions to ensure “transparency in Dubai’s real estate market”. He added that there is a “strong demand from developers to deposit

Best Residential Areas for Families in Dubai

Posted by Seven Century on February 25, 2018

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Dubai is known as one of the most family-friendly locations in the world, offering a plethora of safe and secure residential options for families to choose from. There are several obvious factors to consider before zeroing in on your dream home, including school runs, work commutes, space and budget. Keeping all of these in mind we at Bayut put together some of the best places to live in Dubai for families so you can find

Dubai’s Land Department retains status quo on off-plan sales

Posted by Seven Century on February 24, 2018

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Dubai: Dubai’s real estate authorities have decided to retain the status quo on the percentage developers should put up in escrow before launching offplan sales. But there could still be significant differences between what developers used to put up earlier and what they have to do now. In a statement issued Thursday, the Dubai Land Department said developers need to place in escrow 20 per cent of the “total project value”. Developers until now had

All you need to know about a property’s market value

Posted by Seven Century on February 21, 2018

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The value of an asset is determined by the price a buyer is willing to pay and a seller is willing to sell for. The true meaning of market value as defined by the Royal Institution of Chartered Surveyors (the governing body that regulates all valuation surveyors) is: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length