Call Us Today: +9714 452 0077

News

Dream home in Dubai? Check your options

By in Blog with 0 Comments

For those wanting to invest in a property in Dubai, now may be the perfect time to do so.   The right place and the right time are the two most critical factors to consider before making a real estate investment. At some point in our lives, we all think of buying property. While some look for inspiring spaces where they can live fulfilling lives with their loved ones, others seek properties that add value […]

Read More

Dubai developers no longer allowed to collect service charges from property owners

By in Blog with 0 Comments

New Law comes into effect removing developers from setting charges or collecting funds.   Developers in Dubai have only a month left to start invoicing all service charges on ready properties through the Dubai Land Department’s “Mollak” electronic records Dubai: Developers in Dubai have only a month left to start invoicing all service charges on ready properties through the Dubai Land Department’s “Mollak” electronic records. In other words, what this means is they can no […]

Read More

Dubai property price decline to slow in 2020

By in Blog with 0 Comments

Property prices in Dubai are expected to drop 11.3 per cent on average this year, but the slide is expected to slow down in 2020 and the market will see five to seven per cent correction as demand rises, latest data shows. With market hitting nearly seven-year low after shedding 23.4 per cent of value in past five years, industry executives and analysts believe that Dubai property has emerged as a mature market. They said […]

Read More

No rent hike for three years in Dubai, draft law proposes

By in Blog with 0 Comments

It is also proposed that the owner or his representatives cannot receive commission or any other fee from the tenant. A new draft rental law has proposed that rents of apartments in Dubai should be fixed for the first three years of signing the contract. It is also proposed that the owner or his representatives cannot receive commission or any other fee from the tenant to cover administrative or any other cost while signing or […]

Read More

Affordable units spur sales in Dubai property market

By in Blog with 0 Comments

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. […]

Read More