UAE indexes closed the week on a strong note, helped along by banking heavyweights. Image Credit: Gulf News Archive UAE equities had a strong day with DFM rallying 1.35 per cent and ADX gaining 1.25 per cent. The heavyweight Emirates NBD was the key driver on DFM, while another financial institution, First Abu Dhabi Bank,[…]

Difference between fractional ownership and timeshare Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the[…]

House sales in Dubai fell by almost half in the second quarter of the year despite the lifting of a lockdown on non-essential businesses at the end of May, according to a report by regional analyst ValuStrat. The fall has increased fears over the longer term economic health of the emirate, given the importance of[…]

Radisson RED, was the first of the design-focused brand to launch in the Middle East. Creatives from collective Art Painting Lab created distinctive bespoke murals for the interiors of the property in Dubai’s Silicon Oasis. Artist Neel Shukla and his team were also engaged to continue the theme of capturing elements of local history and[…]

Image Credit: Dubai: For Middle Eastern commercial real estate funds and investment firms, the U.S. market is still the most desirable investment destination for foreign real estate properties. According to the latest statistics from Roxanne Kosberg, owner and CEO of Cityfirst Realty LLC, a licensed Florida high-end real estate company specializing in assisting mostly foreign[…]

Dubai’s older neighbourhoods have stable occupancy rates Image Credit: Anas Thacharpadikkal/Gulf News Archives The old residential districts of Dubai have a unique charm. Homes in areas, such as Karama, Bur Dubai, Oud Metha are spacious, while the communities offer a vibrant lifestyle and convenient commuting options. Niral Sunil Jhaveri, head of property management at Better[…]

Share Tweet Google Plus Share Email As its appeal to landlords in the UAE continues to grow, Urban, a leading proptech platform which takes the entire rental journey online, announces that it has entered into an agreement with Dubai Asset Management to digitise leasing. After just a few months of launch, the partnership underlines the[…]

The Dubai housing market continued to take a hit from the coronavirus pandemic, with sales activity plunging by more than half in June, even after real estate agents and other businesses reopened from the nationwide lockdown, research shows. A total of 4,459 homes were sold in Dubai during Q2 2020, down 48.8 percent compared to[…]

Share Tweet Share Share Email Home sales transactions fell by almost 50% between the first two quarters of the year, reveals new real estate report by consulting firm Home sales transactions fell by almost 50% between the first two quarters of the year as the effects of the Coronovirus pandemic hit the UAE real estate[…]