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Dubai homeowners can claim several rights from new Law

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Clear guidelines form the foundation of Dubai’s updated homeowners law. These are starting to be felt in the property landscape. Image Credit: Shutterstock Under the previous JOP (Jointly Owned Property) law, all owners of units automatically became members of the owners association of their building when they purchased the unit. The owners association, through its[…]

Dubai’s economy shrank by 3.5% in first quarter amid coronavirus crisis

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DUBAI (Reuters) – Dubai’s real gross domestic product shrank by 3.5% year-on-year in the first quarter, the government’s media office said in a statement on Tuesday, as the Middle East’s business and tourism hub feels the impact of the coronavirus crisis. Citing data from the emirate’s statistics centre, the government said some sectors such as[…]

Dubai’s economy shrank by 3.5% in first quarter amid coronavirus crisis

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DUBAI (Reuters) – Dubai’s real gross domestic product shrank by 3.5% year-on-year in the first quarter, the government’s media office said in a statement on Tuesday, as the Middle East’s business and tourism hub feels the impact of the coronavirus crisis. Citing data from the emirate’s statistics centre, the government said some sectors such as[…]

Dubai house sales index up 12pc in May

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Dubai house sales index increased by 12.1 per cent in May compared to the base year 2012, recording a growth of 0.5 per cent last month compared to April, said Dubai Land Department (DLD), in its third edition of Mo’asher, Dubai’s official sales price index, which was launched in cooperation with Property Finder.   Also, the[…]