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Developers in Dubai may get another chance to clear part of their inventory. The Indian hospitality brand, Oyo, considering possibilities to launch its “Town house” concept in the emirate. What this does is take up mid-tier properties on longer leases and position them for a younger generation of clientele. “These would be on long-term leases…
Concerns about potential oversupply in the Dubai market could be far off the mark, says Property Finder Dubai may be suffering from an undersupply of property despite concerns to the contrary, according to UAE-based real estate portal Property Finder. Based on figures from Dubai Land Department, Property Finder said at least 16,000 properties have been added…
The Dubai resident recently purchased a new villa and wants to make it their home as soon as possible We recently purchased our first property in Dubai. We are very excited and eager to move into our villa and make it our home, but it is currently tenanted. I have read the 2007 Dubai Land Department’s tenancy…
Ready space was the clear winner at Cityscape Global 2018, with developers focusing more on clearing their existing inventories rather than launching more grandiose off-plan schemes. Buyers were offered generous incentives on ready-to-move-in and close-to-completion properties such as a waiver of service charges (sometimes even extending up to 10 years), price discounts and waiver of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.