Archive for June, 2017

Never underestimate the power of the investment herd

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Share on Pinterest On a regular basis new hotspots emerge all around the globe, some appearing for no apparent reason. Very quickly momentum buyers, often referred to as the “investment herd”, jump aboard the bandwagon and prices are pushed higher and higher. We have seen this happen time and time again and while many criticise[…]

Dubai’s residential off-plan sales boom to continue

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The boom in Dubai’s residential off-plan sales will continue at least until year-end as buyers take advantage of less onerous payment plans and a greater choice of projects, said Propertyfinder Group, a leading real estate listings portal in the Middle East. Exclusive Propertyfinder data shows median residential prices in Dubai fell 20 per cent from[…]

Find great home rent deals in Dubai this summer

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Around 16,000 units are expected next year in Dubailand, including mid-market projects such as Living Legends Anecdotal information is that summer can often be a great time for prospective tenants to house-hunt in Dubai, striking a good deal on rental listings that have been sitting empty for a while — the lettings market is generally[…]

Damac to deliver $1bn Muscat port project

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The Dubai-based developer ­Damac has been chosen by the government of Oman to develop the US$1 billion project to redevelop Port Sultan Qaboos in Muscat. Damac’s brief from the Omani government’s investment and development arm, Omran, is to transform the historic port into a tourist-led, mixed-use destination. Port Sultan Qaboos had historically been Muscat’s trading[…]

Emaar Properties appoints new CEO

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Emaar Properties has appointed Amit Jain as its group chief executive officer with immediate effect. Mr Jain had already been acting chief executive since April last year, when former chief executive Abdullah Lahej departed the company to become the head of Dubai Holding’s Dubai Properties Group. Mr Jain has worked at Emaar Properties for 11[…]

Amlak Finance enters partnership with Dubai Land Department to double customers’ properties | CPI Financial | CPI Financial News

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This cooperation aims to double customers’ properties, enhancing the investment appetite for the Dubai real estate market, and stimulating growth in the sector. The agreement was signed by HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department, on behalf of DLD, and Arif Alharmi, Managing Director & CEO of Amlak Finance, on[…]

Dubai realty takes on a young and trendy look

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The growing base of millennials requires offices and homes to have new-age credentials By focusing on innovation and creativity, Dubai is strengthening its millennial appeal and reinvigorating its property market. Gone are the days when you just needed an office. Now businesses are looking for space to operate that will give them a competitive advantage[…]

Dubai rental law: a timely refresh?

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A planned new rental law will provide separate benchmarks for different assets such as retail and residential The Dubai Land Department (DLD) announced a new rental law in the works that will enhance transparency in real estate leases. Calling the new regulation a smart rental index, the DLD is making the switch from a one-size-fits-all[…]