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best property in dubai

No more cheque, pay rent by direct debit

Bank cheque

A new digital payment service has been launched that will allow tenants to pay their rent through direct debit. It is likely to eliminate the need for post-dated rent cheques. Asteco has partnered with the National Bank of Fujairah and Direct Debit System to use direct debit as a digital solution for all parties in…

Affordability vs affordable must-haves

Affordable living

Has the concern on affordability been fully addressed in Dubai? We have seen new projects launched at lower price points, unit sizes becoming smaller (or more “efficient”) and more investor-friendly payment plans consisting of post-handover collections. Urbanisation is rapidly taking place, with the city expanding towards Dubailand and the south. Developments in new locations and…

October brings some cheer for Dubai’s property market

Dubai property

Dubai: Off-plan property sales in Dubai crossed 1,500 units in October for the first time since May (when it totalled 2,006 units sold) — though still not enough to bridge the gap between 2017’s stellar performance and this year’s. In the year to end October, off-plan transactions are down by 28 per cent — 14,475 units…

Dubai real estate brokers earn Dh842 million in commissions

dubai property market

The Dubai Land Department (DLD) has announced that real estate brokers earned commissions worth Dh842 million in the first nine months of 2018. The brokers contributed to concluding 18,121 transactions in that period. The report issued by the department of real estate studies and research at DLD shows that brokers earned Dh429 million from land…