News
Developer needs to file civil claim, obtain court order to terminate contract A property purchaser whose sale and purchase agreement was terminated for non-payment and the property is re-sold by the developer without a court order, can file a claim to recover the amounts paid, according to a judgment by the Dubai Court of Cassation….
Cost of living in UAE went up only marginally despite strong dollar, higher rents Despite a strong US dollar, the cost of living in Dubai and Abu Dhabi went up only marginally last year, with both the UAE emirates not featuring among the world’s Top 20 costliest cities for expats. According to Mercer’s 2016 Cost…
Signs are becoming more pronounced that era of lower rents, sales prices could be over soon Dubai: Property analysts have said that rental rates and sales prices for apartments and villas in Dubai will continue to fall this year as more properties will be handed over. However, the era of lower rents and sales prices…
Prime property market outpaces market average during Jan-April 2016 Dubai’s prime market has continued to outperform the market average in the first four months of 2016, driven by a number of factors, according to Knight Frank. The UK-based consultancy pinpoints three such factors (mentioned below) that have supported regulation in prices and are set to…
Owning a home is a keystone of wealth… both financial affluence and emotional security.