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Dubai cuts downs on ‘cold calls’ in property sales

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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[…]

Emirates News Agency – Dubai Land Department launches ‘Green List’ project on ‘Dubai REST’

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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[…]

Dubai’s homeowner rights can be strengthened further

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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 Image Credit: Shutterstock Dubai’s recently passed JOP (jointly owned property) Law repealed an earlier one from 2007 and featured some pertinent changes.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[…]

Union Properties’ stock has been having a wild ride

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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,[…]

Dubai launches fractional title deeds lowering investment threshold for hotel apartments

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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[…]

Why are Middle East real estate buyers investing in South Florida?

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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[…]