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Dubai landlords upgrade old homes to stay relevant

Dubai landlords

Landlords of residential properties in Dubai are increasingly upgrading and reinvesting in their old properties to keep pace with the large volume of new supply being handed over across the city. Unless they do this and offer incentives, they stand to lose tenants who are now opting to live in brand new and professionally managed…

Construction on phase 3 of Meydan’s MBR City starts

MBR city Meydan

Meydan said on Sunday its Mohammad Bin Rashid Al Maktoum City, District One, the construction has begun on Phase 3 of its 45 million-sq-ft master-plan development. The project has commenced machinery and equipment mobilisation and progressed with pilling works, the firm said in an emailed statement. “We now commenced the construction of Phase 3 residences…

10 key features of a home mortgage

Home and Mortgage

According to a survey by Beyond the Bricks, more than 80 per cent of UAE residents have a desire to buy their own house within the next five years. Unless there is a large amount of liquid assets or savings at their disposal, the only easy way to materialise this dream is through a mortgage…

Brokers get creative with innovative property sales structures

real estate agents

Dubai property developers have been increasing incentives in the form of payment plans, post-handover options, guaranteed returns, registration fee waivers and much more to attract buyers. But such innovative methods to seal the deal are not restricted to developers; brokerage firms are also trying out new ways to get transactions rolling. “Sell-on clause” is one…