Dubai: Dubai Land Department has launched its ‘Green List’ initiative aimed at cutting out all unwanted communications between property owners and brokers. This new service will “minimise” unwanted communications and ensure only owners are contacted by “genuine brokers only”. The project also seeks to reduce real estate violations related to direct marketing, as it opens[…]

Sat 08-08-2020 16:09 PM DUBAI, 8th August, 2020 (WAM) — The Dubai Land Department, DLD, through the Real Estate Licensing Department of the Real Estate Regulatory Agency, RERA, has announced the launch of its “Green List” project, which seeks to provide additional services to the real estate professionals and empower the sector. The project is[…]

At least 17 people, including both pilots, were killed and 123 injured after an Air India Express plane with more than 180 passengers on board skidded off the runway on Friday at the Karipur airport in Kozhikode in Kerala. The Superintendent of Police of Malappuram said 15 of the 123 are seriously wounded. The plane,[…]

Homeowners need a more direct say in the running of their communities. That would make for a qualitative leap in investor rights. Image Credit: Shutterstock Dubai’s recently passed JOP (jointly owned property) Law repealed an earlier one from 2007 and featured some pertinent changes. These extend to: * Substitution of the owners’ association by a[…]

A bit of price softening, limited number of new villas coming through, and a sought after location – the Palm Jumeirah is making use of these favourable trends. Some mega deals could soon land there in the coming weeks. Image Credit: Gulf News Archive Dubai: Want to catch a glimpse of a Dh200 million home?[…]

UAE indexes closed the week on a strong note, helped along by banking heavyweights. Image Credit: Gulf News Archive UAE equities had a strong day with DFM rallying 1.35 per cent and ADX gaining 1.25 per cent. The heavyweight Emirates NBD was the key driver on DFM, while another financial institution, First Abu Dhabi Bank,[…]

Difference between fractional ownership and timeshare Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the[…]

House sales in Dubai fell by almost half in the second quarter of the year despite the lifting of a lockdown on non-essential businesses at the end of May, according to a report by regional analyst ValuStrat. The fall has increased fears over the longer term economic health of the emirate, given the importance of[…]

Radisson RED, was the first of the design-focused brand to launch in the Middle East. Creatives from collective Art Painting Lab created distinctive bespoke murals for the interiors of the property in Dubai’s Silicon Oasis. Artist Neel Shukla and his team were also engaged to continue the theme of capturing elements of local history and[…]

Image Credit: Dubai: For Middle Eastern commercial real estate funds and investment firms, the U.S. market is still the most desirable investment destination for foreign real estate properties. According to the latest statistics from Roxanne Kosberg, owner and CEO of Cityfirst Realty LLC, a licensed Florida high-end real estate company specializing in assisting mostly foreign[…]