News
The year began with the implementation of a landmark policy by the UAE government — the introduction of value-added tax (VAT) at a rate of 5 per cent. Halfway through the year, it bears reviewing to see how VAT has affected the real estate sector. The answer to that is — marginally. The issue of…
The summer slide in the rental market has given tenants the power to negotiate. To get the best value for money and a few extra incentives from your landlord, here are some valuable tips from property experts. Do your homework Mario Volpi, sales and leasing manager at Engel & Völkers, suggests being well prepared before…
The Dubai Land Department (DLD) has expanded its payment channels to include the Apple Pay and Samsung Pay applications. The smart payment service was initially introduced last month and is now deployed at the department’s headquarters and all real estate registration trustee offices. “In light of the wide use of smart phones across our society,…
Lauren Doble Alshehhi’s family of three is one of many across the emirate taking advantage of favourable rental prices in certain communities in Dubai. She and her family have just moved from a three-bedroom hotel apartment in Business Bay to a four-bedroom villa in Jumeirah, saving Dh15,000 annually. “With a soon-to-be toddler, we wanted more…
Owning a home is a keystone of wealth… both financial affluence and emotional security.