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State of UAE’s off-plan market: soaking up current and future supply

Dubai view

The word ‘off-plan’ has been gaining significant popularity in the local property market. For those who aren’t very familiar with real estate terms, an off-plan property is an uncompleted property purchased directly from the developer. By the end of 2021, there are over 124,000 units expected to be handed over across the UAE, which poses…

Dubai property transactions reach record one-day high

Dubai-Creek-Harbour

Volume of sales transactions is 4 percent higher to date this year than all of 2018 Dubai saw the most property transactions in a single day since the heady days of 2008 on Sunday last, according to new data. A total of 515 real estate transactions – worth $241 million (AED 888.3m) – were registered…

UAE banks slow to remove maximum age limit rules on mortgages

Dubai Skyline

Mortgage Finder says very few banks have removed age limit requirement despite a UAE Central Bank circular issued last month Very few banks in the UAE have removed the maximum age limit requirement on mortgage lending despite a UAE Central Bank circular issued last month. The CBUAE told banks to remove the upper age limit…

Emaar Properties launches The Valley

The valley community by Emaar

Emaar Properties has announced the launch of The Valley, a new master development on Dubai-Al Ain Road, that is designed for residents who desire a balanced lifestyle. The master development will feature expertly designed townhouses in addition to world-class amenities nurturing a strong sense of community and family-friendly living, with retail, entertainment, recreational, educational and…