The company prides itself on working with the best in class partners with a commitment to building projects of the highest quality, delivered on time, … At the moment I’m writing this article, local … In its latest review of the residential market, the global consultant Knight Frank reported that transaction volumes in Dubai’s residential market rebounded strongly in the third quarter of this year, rising 50 per cent over the previous three months. Dubai and Abu Dhabi rents: are there bargain deals amid the pandemic? The property is a booming business in the Middle East read all the latest news on the real estate industry whether you want to buy/ sell or rent a property in the Middle East region including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. macro_profile: , Dubai fulfills all the necessary criteria to spend the money here instead of other locations overseas. READ MORE, The chairman of Dubai’s largest private developer sees next year as challenging too READ MORE, Luxury properties in Dubai are almost 10 times cheaper than in some of the world’s most expensive cities READ MORE, Tight supply in industry to help cushion steep falls of prices and rents next year READ MORE, A timeshare is a property with a divided form of ownership that is usually used for holidays and vacations. The Dubai Property Festival (DPF) makes its return this month, with more than 20,000 visitors expected to attend the event. Rental Market And Its Trends In Dubai. No, thanks. 24 Dec Best Desert Camping Places … When it comes to find the ideal sector to invest in, real estate sector emerges out as the best option for investors. Cybercriminals target Saudis with vaccine … Both on your website and other media. 19 of 2020 amends Article 11 of Law No. (21) of 2013, has changed the name of the special … Dubai's Azizi is lining up 10,000 homes for handover. All rights reserved. “The Dubai real estate market is a free market and key players have made investments according to business projections. Read More Get the latest updates about the most sought after developments across Dubai. Home > Business. Dubai Home Prices Continue to Implode in 2019. With more time spent at home, home buyers have been looking to bigger properties with more space – where they can afford it. “The villa market, in particular, is pretty busy, and it’s difficult to find villas in some areas, but apartments are also seeing some traction.”. Dubai’s realty sector, which witnessed a surge in the supply of residential units year-on-year in 2020 regardless of the disruptions caused by the pandemic, is expected to add 39,000 units in 2021. Dubai A desert metropolis boasting post-modern architecture and culturally-diverse communities, Dubai has emerged as a major destination for luxury real estate Latest Real Estate News Several bureaucratic processes were moved online, including property transfers in Dubai. real estate Sharjah-based Arada records 35% rise in sales during 2020 to reach $476.45mln. I refer to the resale market in limited, established areas and not off-plan units,” he said. Stay tuned for the news … Azizi said its sales increased by over 60% compared to November. Dubai real estate stocks were once the stars for investors betting on the city's booming economy. “Between April and November 2020, there were about 4,200 villa transactions, with approximately 63 per cent of these being ready units. Random . © Al Nisr Publishing LLC 2021. Find ready apartments for sale in Dubai with payment plan now. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has issued a new law dealing with cancelled and unfinished projects. and Read More. CurrentRequestUnmodified: /apps/pbcs.dll/section?category=listing&profile=1046 Demand for mid-to-high housing market grows amid the pandemic READ MORE, Dubai still holds on to its position as the city with the tallest building in the world - a position it cemented in 2010 with the completion of the 828m Burj Khalifa READ MORE, Secondary sales transactions are expected to be steady as underlying demand is supported by lower capital values and demand drivers such as financial, visa, and social reforms READ MORE, The Covid-19 vaccine drive, and Expo 2020 Dubai, are predicted to be key factors leading to a positive outlook for 2021 READ MORE, Strong sales performance in Q4 paves way for a solid start in 2021 as investors are back in the market READ MORE, Amidst domestic demand, the expatriate Indian also gets the opportunity to be part of a vibrant and lucrative real estate market in India. Continue Reading. The Government of Dubai has issued new legislation on certain real estate related matters for which we have provided an overview below: Law No. Strong sales performance in Q4 paves way for a solid start in 2021 as investors are back in the market READ MORE. Stimulus packages totalling 18 per cent of GDP have helped the economy, which has rebounded in fits and starts. Dubai’s hosting of the Expo 2020 world fair will ease pressures on hotels and retailers but is “unlikely to materially improve long-term conditions in the real estate sector”, added Ms Jagtiani. One of the major concerns of investors is getting information about new projects and developers. It is essential... Dubai Real Estate News. All rights reserved. Corporate America may be running away from President Donald Trump but at least one of his international business partners is standing by him. News, stories and analysis from the Topic Property. 13 of 2008 concerning Interim Registration in Dubai. “Capital appreciation is expected to happen only in tandem with a revival and restitution of the global economic climate,” said PP Varghese, Partner, Real Estate Strategy & Consulting at Knight Frank Middle East. The residential market recorded increased secondary market transaction activity, supported by significantly lower buying costs and government-led initiatives. Dubai… READ MORE, Tribunal to define the rights of investors, purchasers of unfinished real estate projects and settle all disputes. Dubai property sales on an upswing, despite Covid-19 woes, Dubai's iconic skyline welcomes 12 new skyscrapers, Covid-19 vaccine, Expo 2020 to drive recovery in UAE property sector, Dubai realty set to stage a rebound this year, Sobha Realty reports doubled villa sales in H2 2020, NRIs seeking 'home' run in favourable real estate sector, Avoid 'dumping' properties in 2021: Damac chairman, Floating villas in Dubai: Four-fold increase in prices, GCC realty market set to stabilise in 2021, New Dubai timeshare law to protect residents from scams: Experts, Sheikh Mohammed issues new Dubai law on unfinished and cancelled real estate projects, Empower eyes overseas expansion as profit surges to Dh901million, Great opportunities for UAE-US collaboration in energy sector, Emirates NBD rings market-opening bell at Nasdaq Dubai to celebrate $750m bond listing, FAB to buy Egyptian business of Lebanon’s Bank Audi, Opec cautiously optimistic of market recovery, seeks to bolster ties with US, IEA cuts global oil demand forecast on Covid resurgence, India’s budget seen raising import duties by 5%-10% on dozens of items, Sensex, Nifty edge up on positive global markets after Yellen boost, Asian markets set for modest upswing after gains on Wall Street, Telecom stocks power UAE gains; Saudi declines, Trump lifts tariffs on aluminium imports from UAE, DFM inaugurates Reits trading with the listing of Al Mal Capital Reit, Fiat Chrysler and PSA seal merger to become Stellantis, Tesla finally enters India, first stop is Bengaluru, Video: GM unveils futuristic flying Cadillac vehicle. Real Estate industry in Dubai is one the biggest in the world and it hasn’t reached its peak. Several new residence visas have been announced. Golf Place II – a distinguished new villa collection set amidst a truly breathtaking landscape. Dubai’s real estate sector expanded seven percent year-on-year in 2018 and accounted for 25 percent of overall GDP growth last year, according to the latest... Apr 02, 2019. Dubai's real estate activity is 'impressive' despite the virus, property developer says following fall in sales Published Sun, Aug 9 2020 11:13 PM EDT Abigail Ng @abigailngwy New Real Estate legislation for Dubai The Government of Dubai has issued new legislation on certain real estate related matters for which we have provided an overview below: Law No. Like the rest of the market, Nick Grassick, Managing Director of property broker PH Real Estate, said his business was severely hit by the onset of the coronavirus pandemic, but that there was a flurry of activity from buyers once lockdowns eased and pent-up demand was unleashed. To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, Keith J Fernandez, Special to Property Weekly, Now talk to your writer to create your CV, ADQ, Aldar Porperties partner up for capital projects, Jack Ma emerges for first time since crackdown on Ant, FedEx to lay off up to 6,300 workers in Europe, Emirates drops rates to Karachi, Cairo in new offer, Gulf Air could be on RAK Airport's radar shortly, Dubai homebuyers make full use of five-year price lows, UAE telecom giants raise foreign ownership limits, Saudi Arabia: Wild or not? By Frederick Peters … Share. Dubai Real Estate News & Blog. 1 talking about this. 16/12/2020. Although there are numerous investment options available in the market, but they all are prone … Demand for real estate investment in Dubai remained strong throughout the pandemic; Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group launched Amna Tower to the market for sale at a reception held at the tower, part of The Residence Collection at Al Habtoor City. Daily news about the Dubai Real Estate market. Dubai is the latest spot to announce a new visa for remote workers The new scheme allows people and their families to live in the emirate but work for companies that are based overseas. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our Sign up now to receive our specially curated newsletters. 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