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Residents gain upper hand in northern emirates

Dubai residences

Real estate price movement in the northern emirates has largely been at par with each other, according to real estate research firm Reidin. Sales prices in Sharjah and Ras Al Khaimah have increased by 1 per cent and 0.6 per cent respectively on a quarterly basis, while prices in Ajman have dropped by 4.9 per…

3 common landlord-tenant disputes

Contract

Short-term rentals continue to be much in demand as the preferred arrangement for accommodation in Dubai. Due to the high volume of transactions, substantial measures have been implemented to regulate the landlord-tenant relationship. However, a large number of disputes still arise, and here were examine three common disputes. One must keep in mind that disputes…

Generation rent: homeowners-in-waiting

Renting Dubai

They are sometimes called “generation rent” for obvious reasons. In almost any other conversation, they are millennials, that massive segment of the population that is generally known to be extensive users of digital technologies and social media. Millennials are also more likely to be tenants as opposed to being homeowners. The proclivity for leasing is…

Should off-plan credit schemes ring alarm bells?

Bridge

Developers put themselves at risk by not fully assessing the buyer’s financial worthiness at the outset The Dubai residential property market is dominated by two areas – secondary and off-plan. The secondary market, fully regulated with mortgage caps in place, reduces the inherent risk in the property market. Strict guidelines imposed by banks decide if…