News
We let out a Jumeirah Village Circle townhouse in August last year for Dh140,000 with payments spread over 12 cheques. The tenant asked to deposit cash each month as she claimed her monthly salary was not paid on the same day. We agreed, but each month she fell behind. In April, we served her a…
This is the first online tool that analyses which option is more wallet-friendly over the long term Whether it’s more cost-effective to rent or buy a property is a question that has perplexed many a Dubai resident, but a new online calculator proposes a solution to that dilemma. The Rent vs Buy Calculator created by real estate platform…
Trakheesi allows customers to obtain a range of permits to assist with their transactions The Dubai Land Department (DLD), through the Real Estate Regulatory Agency (Rera), has announced the issuance of nearly 500,000 real estate permits for real estate companies through the ‘Trakheesi’ system. Ali Abdulla Al Ali, director of real estate licensing department at…
The vast majority of mortgage transactions are final handover payments for completed developments The vast majority of mortgage transactions in Dubai are new purchases by end-users and final handover payments for completed developments. Although property prices were falling last year, most buyers decided to hold off. With the market bottoming out, a lot of those…
Owning a home is a keystone of wealth… both financial affluence and emotional security.