News
Emaar, Aldar in Dh30B JV to boost UAE’s tourism ecosystem The two master developers will jointly develop residential, commercial, retail, leisure and entertainment projects The UAE’s two major developers Emaar and Aldar have joined hands to launch massive Dh30 billion worth of iconic and lifestyle projects locally and internationally. The two developers will also initially…
Vacant commercial properties subject to VAT in UAE The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have confirmed that the UAE’s recently introduced value-added tax (VAT) will have a limited impact on the real estate sector. In a statement on Tuesday, FTA and DLD said all real estate transactions, with the exception of…
Serviced and hotel apartments gain grounds in Dubai Traditional serviced apartments models are established in Dubai and meet international operator requirements providing predominately studio apartments, limited facilities and operated by a hospitality brand. Alongside this sub-market, the hotel apartment sector is also strongly represented across Dubai. The layout, typology and unit sizing of this asset…
Technology is bound to change the way people buy and sell property ‘Come on Omar, do you really believe people could eventually buy property online?’ If I had a dollar every time I heard that, I’d instantly close our series A round (and we’re shooting for $10 million). The short answer is ‘yes’ and this…
Owning a home is a keystone of wealth… both financial affluence and emotional security.