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dubai real estate

Service fees reduced by 50 per cent in UAE

uae currency dhirams

The changes were applied on fees that ranged from Dh50 to Dh10,000. Service fees for the registration of properties, rental contracts and other transactions at the Abu Dhabi Municipality have been reduced by up to 50 per cent, according to a new government resolution. Abu Dhabi has also exempted all businesses issued with new licences…

World’s largest sports mall takes shape in Dubai

sports mall

It is under construction in Mirdif and is set to open by 2020. Sport Society, the world’s largest commercial sports mall, currently being constructed in Mirdif will open to the public in the first quarter of 2020, according to its developer Viva City. It will have three floors with a total area that is equal…

Value offers and other property trends in 2019

Dubai Fountain

It was a year of competitive offers, attractive payment plans and budget-friendly rents. While property experts expect many of the 2018 trends to continue, they also foresee a return of realistic pricing in the market and increased value offers to appeal both buyers and tenants. Fancy offers With more competition between developers, homebuyers can expect…

Will sale prices, rents stay affordable in Dubai next year?

Dubai

Sales prices and rents are likely to remain under pressure. 2019 will also continue to be a pro-buyer property market in Dubai. Due to ample existing and recently delivered supply, sales prices are likely to remain under pressure in 2019. According to ValuStrat, prime residential areas, which saw relative resilience in 2018, may continue to…