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Market activity signals property price rise in Dubai: realtor

Affordable developments have shifted market realities and properties are selling above their listed prices, says Allsopp & Allsopp CEO Property prices in Dubai could be on the upswing, as affordable options gain traction, according to one realtor. Over the last quarter, property agents Allsopp & Allsopp recorded substantial sales growth, with 83 per cent of…

Business Bay and Dubai Marina remain the real estate hot spots

Business Bay was the most popular area of Dubai for real estate unit sales according to a new report by Dubai Land Department (DLD). DLD’s Transactions Report, issued by Real Estate Research and Studies Department, revealed that real estate transactions recorded in Dubai in the first six months of 2016 reached a total of Dhs113…

UAE’s best brands: Emirates, WhatsApp, Samsung, FB, Apple

Samsung beats Apple again Dubai-based Emirates airline has emerged as the most popular and positive brand in the UAE for the second year running even as Global Village, Dubai’s original theme park, is among those that has seen the most improvement this year. According to the 2016 Mid-Year BestBrand Rankings, published today by market research…

Bounced rent cheque can lead to freeze on Dubai tenant’s bank account

Rental Disputes Centre and UAE Central Bank sign agreement The Rental Disputes Centre (RDC), the judicial arm of the Dubai Land Department (DLD), and the UAE Central Bank have signed an agreement that allows for freezing of the bank account of a tenant if his/her rent cheques bounce, Emirates 24|7 can reveal. “After the judgment…