News
Dubai Land Department (DLD) is undertaking a study on how to develop the emirate’s affordable housing sector and is expected to make policy recommendations this year. In an interview, DLD director-general Sultan Butti Bin Mejren told Arabian Business that the government is keen to grow what is at present a nascent real estate sector…
Dubai currently stands proud as one of the fastest growing real estate markets in the world. Not only the sector gets particular attention from the government, it’s also favoured by investors from across the world. The residential options in Dubai feature a spectrum of options for the buyers and while some prefer apartments over villas,…
The construction wave in Dubai will no more be focused on breaking records only, as a new ranking system will encourage builders to implement more and more ‘green’ solutions for ranking higher with “Al Safat” system. Dubai Municipality Director General Hussain Nasser Lootah launched the new system on Tuesday, announcing that new buildings that…
Investors pumped a total of AED48 billion ($13 billion) into Dubai’s real estate market during the first five months of the year, according to new figures from Dubai Land Department (DLD). DLD’s latest transactions report showed that 21,773 investments were made between January and May 2016. In earlier figures released in April, the DLD said…
Owning a home is a keystone of wealth… both financial affluence and emotional security.