News
DLD set to launch publicity campaigns to inform tenants, landlords of their rights in 2017, said Mohammed Yahya Dubai Land Department (DLD) is working on a new law to reduce disputes between landlords and tenants, a senior government official told Arabian Business. “We are working on a new law that will make things simpler for…
Dubai’s residential property market is showing signs that it will stabilise next year as it continues to post declines, according to the latest report by consultancy Cluttons. Residential sales values dropped 7.4 per cent year-on-year in the third quarter, and currently stand 26.7 per cent below the Q3 2008 peak. Quarterly transaction volumes also slipped…
Riyad REIT was capitalised at $133 million and aims to invest in revenue-generating real estate in four Saudi cities Saudi Arabia’s stock exchange listed its first real estate fund on Sunday and said it expected more listings to follow in coming months, as authorities try to stimulate the non-oil economy to offset a slump in…
Dubai’s Emaar Properties, builder of the world’s tallest tower, reported a 36 percent increase in third-quarter net profit on Tuesday as revenue rose. The developer, in which Dubai’s government owns a minority stake, made a net profit of 1.15 billion dirhams ($313.1 million) in the three months to Sept. 30, it said in a bourse…
Owning a home is a keystone of wealth… both financial affluence and emotional security.