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Nshama offers 10:90 payment split for Town Square

Nashama townsquare

The developer Nshama has introduce 10:90 payment plan as part of a new sales campaign for its Town Square development. Under this, buyers need to put up 10 per cent at the time of booking and then the rest on handover. Nshama is in the process of handing over the first phase of Zahra Apartments…

Dubai Land Department to waive 4% penalty on registration

DLD fees

The Dubai Land Department will not be imposing penalties of 4 per cent of the value on developers and buyers who have failed to register their units to date. Only the 4 per cent Land Department fee will be applicable on these transactions. This follows a directive late on Wednesday from Shaikh Hamdan Bin Mohammad…

Rent-to-own schemes could revive Dubai’s property market

Rent to own

Will rent-to-own be the next big thing for Dubai’s property market and its developers? With more buyers starting to look at ready properties rather than just stick to off-plan, this could well be the time for developers to make a strong case for rent-to-own. More so, as stretching post-handover payment plans seems to have reached…

Dubai’s Rest initiative assures positive changes

REST

In a recent move the Dubai Land Department announced plans to build a Real Estate Self Transaction (Rest) platform, scheduled to be launched in the first quarter of 2020. While many real estate experts feel that the new platform will allow complete digital management of real estate transactions, others feel good brokers add a lot…