RERA
Price continues to weigh heavily on real estate purchasing decisions across the UAE, as majority of homebuyers and investors look for value-for-money options. Analysts say aggressive pricing strategies and payment schemes, particularly from newly launched off-plan projects, are further driving competition and giving buyers the upper hand. “As the market has become more value driven,…
Do away with real estate brokers altogether? Where every transaction can be done directly between a buyer and seller — or a landlord and tenant — using an online platform to be put up by Dubai Land Department? And the deals can be sealed and done with the users being anywhere in the world? Such…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.