Owning a home remains the single most important investment in most people’s lives. The novel coronavirus pandemic will impact all players in the real estate chain from tenant, landlord, lender, service provider, broker, insurer, investor, etc. A moratorium in the construction industry has been placed in many parts of the world with new protocols requiring[…]

A ThinkLab crafted imagery. The design firm has signed a partnership agreement with Devmark. Image Credit: Devmark Dubai: Devmark, a real estate consultancy, has signed a partnership deal with ThinkLab and will also open an office at Dubai Multi Commodities Centre (DMCC). ThinkLab has developed photo-realistic imagery that allows developers to showcase their renderings and[…]

By Mideast Stocks: Qatar leads most of Gulf higher; property shares hurt Dubai, Reuters News Most Gulf bourses ended higher on Thursday with Qatar leading the gains, boosted by market heavyweight Industries Qatar, although weakness in real estate shares weighed on the Dubai index. The Qatar index rose 1.4%, with petrochemical firm Industries Qatar advancing 4.6%[…]

The number of billionaires worldwide rose 8.5% to 2,825 in 2019, while their combined wealth was up 10.3% to $9.4 trillion. The number of UAE billionaires as well as their wealth shrank in 2019 due to lower oil prices, weakening of the property sector and lower stock market returns. There were 47 billionaires[…]

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-based Damac Properties said it has not received any potential acquisition offer following a report that its founder and chairman, Hussain Sajwani, is exploring a bid to take the company private. On Tuesday, Reuters reported that Mr Sajwani, who retains a 72.2 per cent stake in Damac Properties, had been weighing up a bid to[…]

The real estate industry is a key pillar of the UAE economy, and it has been going through a correction phase in recent years due to the widening gap between supply and demand. Leading property developers had been rushing to complete their development projects ahead of Expo 2020, which has now been rescheduled to next[…]

Keep watching out for the listings… there could be some good bargain prices depending on sellers’ mindsets. Image Credit: Gulf News Archive Dubai: The COVID-19 seems to have shifted what investors are looking for in Dubai property – and completed homes are what’s interesting them right now. This should come as a warning for developers[…]