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Dubai’s Nakheel chases Emirati investors with special deal

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Developer Nakheel is encouraging UAE nationals to invest in the Dubai property market with an exclusive scheme that requires just a 20 percent deposit to immediately move into a new home. Ready-to-move-into villas at Nakheel’s Jumeirah Islands, Al Furjan and Warsan Village communities are available under the offer, with prices from AED1.76 million, the developer[…]

Can I cancel off-plan property contract?

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Last week I started dealing with a developer to buy a property. As it is off-plan, they asked for 30 per cent for the initial booking payment. The commitment is to then pay the rest of the amount on completion. After the initial form was signed, they sent me a contract, which had a number[…]

Krystel Irani appointed Director of Operations at Raffles Dubai

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DUBAI – Ayman Gharib, General Manager of Raffles Dubai, announced the appointment of Krystel Irani as Director of Operations, Raffles Dubai. In her new role, Krystel will oversee all the daily hotel operations at the landmark property. Commenting on Krystel’s appointment, Gharib said “We are delighted for Krystel to take on the role of Director[…]

Bloom expects boost to luxury

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The Abu Dhabi developer Bloom Holding does not expect the capital’s luxury housing sector to start picking up until the end of next year. Sameh Muhtadi, the chief executive of Bloom, the private developer currently responsible for a clutch of ambitious projects in Abu Dhabi and Dubai, thinks that the impact from low oil prices[…]

Abu Dhabi rental market is picking up activity

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Property brokers in Abu Dhabi are reporting a pickup in deal activity as renters search for better housing deals. “Volumes on new leases for us have been higher this year than at any other time,” said Ben Crompton, managing partner of Crompton Partners estate agents in Abu Dhabi. “People are moving either because their budget[…]

Irani named director of operations at Raffles Dubai

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Krystel Irani has been appointed as director of operations, Raffles Dubai, an iconic property in the UAE emirate. In her new role, Irani will oversee all the daily hotel operations at the landmark property. Commenting on Irani’s appointment, Ayman Gharib, general manager of Raffles Dubai, said: “We are delighted for Krystel to take on the[…]

Dubai house prices, rents bottoming out: analyst

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Investors regaining interest as they now see Dubai as a better-value option compared to other markets Dubai tenants will continue to find bargains in the market but maybe not for long. Dubai: After a three-year slump, house rents and prices in Dubai appear to have reached their lowest points, and investors are now increasingly interested[…]

Dubai residential property prices down 4.57pc

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Residential property prices in Dubai’s rental market plunged 4.57 per cent year-on-year (y-o-y) in May due to a sharp drop in both apartment and villa prices across the emirate compared to the same period last year, said a report. The Dubai Residential Property Sales Price Index for all residential rose by 0.6 points, from 258.4[…]