Dubai Land Department says real estate brokers contributed to concluding 18,121 transactions in the first nine months of 2018 Brokers earned AED429 million from land sales, AED73 million from building sales, and AED340 from residential unit sales. Dubai Land Department (DLD) on Saturday announced that the real estate brokerages made commissions totalling AED842 million ($229[…]

The lure of Dubai real estate should be pretty strong to any investor who aims to “buy low.” The city’s housing prices have been in freefall since the price of oil crashed in 2014, for a total decline of roughly 20% over the past four years. It’s impossible to predict the exact bottom of a[…]

Three NHS managers who defrauded Welsh health board of more than £700,000 by using false names from the band U2 have been jailed. One of the fraudsters spent around £300,000 of defrauded money on holidays to Dubai and property in Wales and enjoyed a “luxury lifestyle” using the NHS money. After an anonymous allegation, investigators[…]

Ahead of Dubai’s 2020 World Expo, Now is a Good Time to Buy Prices look close to rock bottom, but property investors still need to be “long on this city.” Read More BY THE NUMBERS  TRENDING TODAY  LISTING OF THE DAY  A Modern Two-Bedroom Penthouse in London’s Tech Hub Fenman House is a brand-new development.[…]

Luxury property prices in Dubai have fallen by 3.8 percent on average over the past year, according to new research by real estate consultancy Knight Frank. Its Prime Global Cities Index, Q3 2018 report ranked Dubai 39th out of 43 luxury real estate markets analysed. It said prime property prices in the emirate have fallen[…]

Prices in Dubai declined 3.8 per cent year on year in Q3 2018. Prime property has become more affordable in Dubai as prices continued their downward trajectory in the third quarter of 2018. The emirate was ranked 39th in the Global Residential Cities Index by consultancy Knight Frank. The real estate consultancy said[…]

Prime Minister Imran Khan’s sister Aleema Khan. Photo: File ISLAMABAD: Prime Minister Imran Khan’s sister, Aleema Khan, on Thursday submitted a reply in the Federal Investigation Agency (FIA) regarding owning properties abroad. According to sources, Aleema contacted FIA Lahore and told the inquiry officer that she has sold the property she owned in Dubai. “I[…]

Without the help of a bet, Caesars Entertainment is ready to put the “Entertainment” part of its name to the test in Dubai with a beach club, two resorts, and a residential tower all slated to open within the next month on the city’s Meraas’ Bluewaters Island. An artists’ rendering of Meraas’ Bluewaters Island in[…]

San Francisco Luxury Homes Outperform General Market Sales of $3 million-plus homes increased 25% in September as the overall market fell 9%, Pacific Union finds. Read More BY THE NUMBERS  TRENDING TODAY  LISTING OF THE DAY  Seven-Bedroom Villa Right on the Beach in Bali The house is being sold fully furnished, with a gym and[…]

Affordability remains an unaddressed issue, with plenty of opportunity for the correct product Lawnz by Danube Properties is in International City, which is one of the more affordable districts in Dubai Has the concern on affordability been fully addressed in Dubai? We have seen new projects launched at lower price points, unit sizes becoming smaller[…]