dubai homeowners
Rents in Dubai’s freehold areas have taken quite a bit of hit in the last two years, but not all of the city’s tenants seem to be benefiting from it. In fact, at locations such as Jumeirah Village Circle, Sports City and the Remraam community in Dubai, rents for one-bedroom units have either held their…
The Dubai real estate sector’s growth is largely driven by foreign nationals living in the UAE and overseas investors living in different parts of the world. The Dubai Land Department (DLD) recorded 69,069 real estate transactions with a total value exceeding Dh285 billion ($77.6 billion) in 2017, including Dh107 billion ($29.15 billion) investment by 39,480…
Dubai is still among the world’s costliest places to rent a flat, but tenants in other cities have it worse, a new report reveals. Renting a two-bedroom apartment in the emirate costs an average of $1,787 (Dh6,563) a month, which may be costly for breadwinners with single-digit salaries. But there may be some comfort for…
Investors in Dubai’s real estate can sell or rent their properties online from anywhere — through the Dubai Land Department’s ‘REST’ platform. This covers the entire digital management of these transactions and helps eliminate paper documents and “reduce brokerage-related procedures,” the Land Department said in a statement. The mention of cutting down on broker involvement…
Owning a home is a keystone of wealth… both financial affluence and emotional security.