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Dubai land prices rise 13% – research

Reidin data shows 50 percent higher returns on land over unit investments The price of land in freehold areas of Dubai rose 13 percent in the first six months of the year, according to data from Reidin-GCP. The real estate analyst said in a report that returns on land transactional activity had outperformed that on…

Motor City Green Community to grow bigger

Developer launches more townhouse villas and apartments in phase three National Bonds Corporation, through its real estate arm, National Properties, has launched phase three of Motor City Green Community with Casa Flores villas and apartments. Sales will be launched at Jumeirah Emirates Towers on September 9 from 10am to 10pm. Sales will also take place…

Weak dollar bodes well for Dubai realty

The rapid weakening of the dollar to which the dirham is pegged bodes well for Dubai’s real estate sector given its strong reliance on foreign consumer spending, analysts and real estate experts said. A weaker dirham, consequent to a weakening of the dollar, could be positive for the UAE economy as it is expected to…

UAE buy-to-let yields still attractive despite 2017 slump

Propertyfinder research says Dubai yields in retreat as rent declines outpace fall in sales prices Yields for UAE buy-to-let investors are in retreat as declines in rental values outpace a slump in sales prices, according to Propertyfinder Group. The real estate portal’s ’s UAE Real Estate Trends 2017 report revealed that yields still remain generous…