Archive for November, 2018

Dubai property brokers earn $229m commissions so far in 2018

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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[…]

Manager who defrauded Welsh NHS out of thousands used it on trips to Dubai as part of ‘luxury lifestyle’

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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[…]

Why now’s the time to buy a Dubai dream home

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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[…]

Foreign properties: PM’s sister Aleema Khan submits reply in FIA | Pakistan

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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[…]

Affordability vs affordable must-haves | GulfNews.com

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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[…]