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Contractors have been invited for pre-qualifications, says CEO RAK Properties, which is listed on the Abu Dhabi bourse, will float the main tender for construction of its newly-launched Marbella Villas this month, its CEO said. “We have already invited contractors for pre-qualifications. We cannot mention the tender size but it includes the main villa works…
The initiative may encourage investment in purpose-built accommodation for older generations. The UAE government’s announcement for a five-year residency visa for retired expatriates aged 55 and over is expected to result in increased investment in the property sector. One of the visa requirements is for the expat to have an investment in a property worth…
Only nine per cent of realtors list their properties on social media channels Social media platforms are giving businesses of all kinds the chance to reach customers in all demographics. Real estate in Dubai is a global investment phenomenon, but the traditional methods of online marketing and listings might be constraining its growth. Here, we’re…
A party to a lease may terminate a lease under contractual provisions that have been expressly agreed between the parties. Depending on what has been agreed, there may be a landlord-only break option, a tenant-only break option or a mutual break option whereupon either party can terminate the contract subject to conditions being met. Alternatively,…
Owning a home is a keystone of wealth… both financial affluence and emotional security.