Archive for December, 2017

Latest Dubai Property Trend Reveals Long-term Residents are Taking Advantage

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Latest Dubai property trends reveals that long-term residents are taking advatnage of the lower prices as well as generous payment plans. Photo courtesy-PropertyFinder Propertyfinder Group Reveals the Homebuyers of 2017 Jumeirah Village Circle is Dubai’s most affordable villa community to buy (AED 758 per square foot), and one of the few that has experienced a[…]

No New Year cheer for UAE property market

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LONDON: It is that time of year when the Gulf’s plethora of real estate pundits look into their crystal balls to see what the future might hold. Last year was a particularly difficult for the region as it contended with weak oil prices, political tensions and volatile investor sentiment. The introduction of value-added tax in[…]

Dubai renters started to buy in 2017 – News,UAE

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The last 12 months have Dubai residents switch their rental contracts for mortgages, according to a new report from Propertyfinder Group. Attracted by improved affordability in a real estate market that has consolidated over the last two years, as well as more generous payment plans from developers, residents have decided in increasing numbers to snap[…]

Ali Dar admits 52 villas booked in UAE | Top Story

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Ali Dar admits 52 villas booked in UAE ISLAMABAD: Ali Mustaf Dar has admitted that his company — Hazrat Data Sahib (HDS) acquired 52 ‘villas’ in the United Arab Emirates (UAE) in early 2000s by pumping millions of dirhams into real estate business but later sold out this property in 2008. “The 52 villas were[…]

Revealed: the most affordable place to rent, buy property in Dubai – News,UAE,Middle East

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Dubai International City saw the largest drop in rents during 2017 with values down by 16 percent compared to the year-earlier period, according to real estate portal Bayut.com. The average rent for a one-bed apartment in that part of the city stands at AED42,000, amking it the most affordable popular area in Dubai. Bayut’s end-of-year[…]

UAE markets rise at yearend

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Builder Arabtec gained 0.9pc after saying a unit had won a 1.025 billion dirham ($279 million) contract from Dubai Properties, part of the investment vehicle of Dubai's ruler, for work on a residential community. Dubai property developers were also strong, with blue chip Emaar Properties climbing 2.4pc. Source link