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Strict penalties will be enforced. Publishing false or misleading ads for renting flats in Dubai could get you fined Dh50,000. An official spokesperson for the Dubai Land Department will warn the company to rectify the misleading advertisement prior to imposing the fine, as per Emarat Al Youm report. Violators publishing ads on media outlets will face a strict…
‘Provis’ spun off from Khidmah will also be involved in property sales and leasing Dubai: Abu Dhabi’s Aldar Properties has set up a new entity — Provis — to pick up potential business in managing homeowners associations, property management, and even in the sales and leasing of residential and commercial properties. It follows close on…
Steady decline in sales prices of new handovers has increased affordability This type of property could be described as a new genre in the market — homes that are newly completed and handed over by the developer. Ready property could actually mean either older homes that may have changed hands a few times in the…
The decline in land costs has helped them better manage the cost of turnarounds Dubai: “White knights” are again getting active in Dubai’s real estate market, picking up distressed plots and projects and trying to make them viable again. Such investors are also providing a much-needed safety net to the wider market, ensuring that delayed…
Owning a home is a keystone of wealth… both financial affluence and emotional security.