real estate market in Dubai
The year began with the implementation of a landmark policy by the UAE government — the introduction of value-added tax (VAT) at a rate of 5 per cent. Halfway through the year, it bears reviewing to see how VAT has affected the real estate sector. The answer to that is — marginally. The issue of…
While eco-friendly actions and choices are becoming increasingly successful in making inroads into the everyday aspects of our lives, it will be most relevant to think of what each sector is capable of doing, in terms of its contribution towards achieving energy efficiency. Approximately 3,800 residential units were handed over in Dubai during the first…
Dubai is one of the most exciting cities in the world, and although house prices are down since the peak of 2014, there are clearly deals being done and the city continues to attract significant investment to its property market. In certain key communities we have seen very positive sales in the first quarter of…
Dubai residential properties have seen their capital values decline by 20 per cent since the market peak of mid-2014, says consulting firm ValuStrat. However, the steep declines have boosted sales as transaction volumes and average ticket sizes have increased across the board. Quarterly declines of more than five per cent were registered in locations such…
Owning a home is a keystone of wealth… both financial affluence and emotional security.