News
The draft law would also forbid landlords and their agents from collecting fees for administrative costs A new draft rental law has proposed that apartment rents should be fixed for a period of three years, according to local media reports. According to the Arabic-language Emarat Al Youm newspaper, a newly proposed draft rental law also stipulates that…
The CBUAE cut interest rates following the Fed’s decision to reduce rates by 25 basis points. The central banks of the UAE, Kuwait, Bahrain and Saudi Arabia late on Wednesday cut interest rates following the US Federal Reserve’s decision to reduce rates by 25 basis points earlier on Wednesday. The cut in interest rates will…
It will create 2,000 homes in what the biggest launch by a private developer this year Dubai: Danube Properties is putting the final touches to Dh1.5 billion residential community project — its biggest to date — in Dubai where unit prices start from Dh290,000 and a three-bedroom could be had for Dh1.2 million. The project…
House sales at the more affordable end of the market have driven Dubai’s real estate transactions market in the first nine months of the year, according to listings portal Property Finder. Properties costing Dh1.5 million or below recorded 18,858 transactions during the period, up 11 per cent year-on-year. “This indicates that Dubai real estate is…
Owning a home is a keystone of wealth… both financial affluence and emotional security.