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Renting in Dubai? Here’s what you need to know…

Renting in Dubai

Moving to a different country can be a challenge at times. With tenant registration on the rise, Allsopp & Allsopp CEO, Lewis Allsopp, has revealed what is needed in order to rent a villa or an apartment in Dubai for the very first time. What documents are needed? Before you start the renting process in…

Dubai landlords becoming more flexible with rent, says report

Dubai landlords becoming flexible

International City is the cheapest place to rent an apartment in Dubai, while City Walk is the most expensive. In a bid to attract tenants, landlords in Dubai are becoming more flexible with prices and even offering rent-free periods, payment terms and other incentives, according to a local property website. In its latest survey of…

Nakheel generates Dh4.38b net profits for 2018

Nakheel generates profits

Dubai: Nakheel recorded net profit of Dh4.38 billion in 2018, a period in which it has focused heavily on existing projects, both nearing completion and those with a longer timeframe. A year ago, the net profit was Dh5.67 billion. “Nakheel is targeting a substantial increase in annual recurring revenue in the next five years as…

A $1m home in Dubai sure fetches more space these days

Dubai home fetches more space

Challenge for developers would be to ensure enough buyers keep coming back for more Dubai: What will $1 million get you in Dubai? A 1,430 square feet home, for one. A year ago, it would have got the buyer 1,380 square feet. And each additional square foot counts. The same $1 million will only fetch…