News
There has been an increase in the number of end-users, first-time buyers in particular, entering the market encouraged by lower prices The Dubai property market has shifted from being mainly investor-led to a more mature end-user dominated market. A strong US dollar and weak oil prices are making Dubai property more expensive to investors from…
Dubai is set to be home to its own French Riviera development, it has been announced. An AED12 billion project will be modeled off the Riviera in Mohammad Bin Rashid Al Maktoum City. Called Azizi Riviera, the development will be implemented near the Dubai Canal, and include 69 mid-rise residential buildings, a retail district, as…
The UAE Ministry of Finance has announced that residential property will not be subject to value added tax, which will only apply to the sales and leases of commercial property. Sales and leases of residential property will be exempt from the tax, along with undeveloped land, civil servants said last week, according to The National….
An LTV of 75 per cent is tough for many prospective first time home buyers Since the implementation of the UAE Central Bank’s mortgage cap in 2013, buying a property has become harder. The mortgage cap required buyers to put down larger deposits against new purchases. This has had a big impact on first time…
Owning a home is a keystone of wealth… both financial affluence and emotional security.