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In Dubai, property buyers learn to live without mortgages as developers gung ho on monthly instalments

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Dubai: Finding it difficult to get a mortgage? That doesn’t seem to be bothering property owners in Dubai all that much. The latest data from the Dubai Land Department bear this out — in the first six months, the share of property purchases involving a mortgage comes to 62 per cent. That still looks good, but not when you compare this with what it was last year. In the first six months of 2018, mortgage-backed […]

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Coming soon: 3D printed house in your Dubai neighbourhood

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(Image used is for illustrative purpose only) The model will serve as a reference point for investors to further understand the value addition technology brings to the realty sector. A new 3D printed home is coming soon, right in your neighborhood in Dubai. Dubai-based real estate developer Emaar is planning to build a 3D model home in Arabian Ranches III. The construction will be facilitated using a local contractor with the goal of building in-country […]

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Why Warren Buffett thinks now is the time to invest in UAE housing

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The local real estate has been the subject of much conjecture in recent months. But with local Purchasing Manager Indexes screaming an economic recovery this autumn, and US interest rates slated to fall pointing to lower-cost dirham mortgages, wary buyers risk missing the very bottom of the five-year bear market in UAE residential property. The latest data from Reidin, a global real estate information company, showed 3,200 off-plan completions in the first five months of […]

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Dubai mulls rent-to-own, multiple owners scheme in realty

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Initiatives to bring in more liquidity into market Dubai is working on a host of new initiatives and regulations such as a rent-to-own system, partial title deeds that will allow multiple ownerships in a property, the launch of collective real estate investment funds and investment portfolio applications in order to give fillip to the local real estate market. These initiatives will bring in more liquidity into the real estate market which has been persistently going […]

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Partial title deeds law opens up investor pools for Dubai

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Dubai: Dubai’s real estate market has already welcomed cash-ready investors and end users. Now, it is targeting a relatively new set of buyers — those wanting to pool funds and share ownership in a property. So, whether the investor puts in a few thousands of dirhams or a million or more, his share in that property will get duly recognised … officially. While this helps with the ease of buying, partial deeds can also help […]

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