real estate market in Dubai
A surge of supply is expected to hit the Dubai residential market in the run-up to 2020. This is a result of the slew of off-plan launches witnessed in the past two years, riding high on incentives offered by developers. However, concern is being raised in some quarters on how demand will be generated to…
In comparison to mature markets such as the UK and Canada, rent to own (RTO) has not yet been cemented as a core market concept in Dubai. Although the overall objective is the same, which is to bring housing affordability closer to the end-user, mature markets have either government or private-based RTO offerings encapsulated by…
Developers in Dubai are counting on Expo 2020 to generate demand for the properties that are scheduled for handover in the upcoming years. “The Expo is expected to receive up to 300,000 visitors a day when it opens, while also creating around 300,000 new jobs and attracting new residents to Dubai. According to recent JLL…
The cost of renting and buying property in Dubai has decreased since H2 2017, but most price falls remain modest, according to Bayut.com. Haider Ali Khan, CEO of Bayut, said: “Renters and buyers are still firmly in the driving seat, with renters likely to bargain with landlords to negotiate a lower rent, or upgrade by…
Owning a home is a keystone of wealth… both financial affluence and emotional security.