Dubai Expo 2020 postponement to affect UAE economy

PIN
The outbreak of the coronavirus has caused a great deal of damage in the world, shutting down many jobs, including the exhibition industry. No one yet knows when the current pandemic will be fully brought under control, but even if this happens in short order, its impact on the world economy will surely last for[…]

Is now the right time to apply for a UAE mortgage?

PIN
When Fahmi received the handover notice for his villa on Abu Dhabi’s Yas Island in mid-March, he faced a difficult decision: sell the property or apply for a mortgage to cover the outstanding balance. He looked into the rate over five years for a Dh2.5 million mortgage and found it to be expensive, costing “close[…]

Off-plan units have big share of deals – News

PIN
Due to oversupply, prices and rentals have been consistently declining over the last few years. Off-plan units still command a lion’s share of property transactions in Dubai despite slowdown in new project launches because there is a significant amount of off-plan projects with available units in the market, says industry analysts. Due to[…]