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Dubai rent dips a boon for budget-conscious tenants

Dubai rent dips a boon for budget-conscious tenants

Areas such as Discovery Gardens and Sports City record sharp drops, with more forecast Dubai: Do you want to save on rental payments? Tenants in Dubai operating on a tight budget are better off looking at living options in Discovery Gardens (rents down 17 per cent in the 12 months to end Q4-18), Jumeirah Village…

Removal of fake property listings to offer clarity on supply

Removal of fake property listings to offer clarity on supply

Property brokerages welcome decision to clean up the market Real estate brokerages in the UAE are welcoming the government’s order to remove listings from property portals that do not come with a Trakheesi number. This number verifies a property’s availability on the market. This will help eliminate fake listings, improve market transparency and inspire confidence…

Abu Dhabi property market set to remain ‘subdued’ in 2019

Abu Dhabi property market set to remain 'subdued' in 2019

Cavendish Maxwell report says average residential prices have fallen by 6% over the past year Activity in Abu Dhabi’s real estate market is expected to remain “subdued” this year following a challenging 2018, according to a new report. Cavendish Maxwell’s 2018 Abu Dhabi Property Market Report revealed that in the residential sector, prices continued to…

Ready-to-move-in properties in demand as prices fall in Dubai

Ready-to-move-in properties in demand as prices fall in Dubai

The sales prices are expected to remain under pressure in the foreseeable future. If you’re keen on buying Dubai real estate, the best deals can be found in new build, ready-to-move-in property. This is effectively newly built supply, which has been completed and still sits on the developers’ stock sheet. This property segment tends to…