RERA
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…
Institutional interest has been steadily rising in Dubai real estate. These players typically include banks, real estate investment trusts (Reits), insurance companies, etc. Although they have been primarily investing in Grade A office buildings, of late, they have widened their horizons to include industrial units, schools, community shopping malls, medical facilities and hotels. Funds and…
The Dubai Land Department (DLD) has announced that its finance department recently activated new smart payment services through the Apple Pay and Samsung Pay applications. The move is aligned with the Dubai Smart Government’s strategy to support outstanding government performance based on the latest technologies. The DLD introduced the service in June and is now…
Already the most “transparent” real estate market in the region, the UAE and Dubai are pushing up the ranks in the global stakes too. The UAE is ranked 40th most transparent market in the world by the consultancy JLL in its annual study, an up from the 48th spot last year. The UK, Australia and…
Owning a home is a keystone of wealth… both financial affluence and emotional security.