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Dubai residents, businesses warned against new frauds

Residents can call the DED on 600 54 555 to verify the authenticity of competitions. The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development (DED), Dubai has called on businesses and entrepreneurs to be vigilant about misleading and unlicensed project financing offers and competitions often announced at conferences or across…

Emiratis and Indians top investor charts in Dubai realty

Emiratis and Indians top investors

In fact, there is only a slight gap separating the two while Saudis come in third Property and plot transactions in Dubai totalled Dh162 billion (from 39,802 deals) in the first nine months compared to Dh204 billion a year ago. Investments by Emiratis and Indians are at near parity so far this year — the…

Could Dubai’s property market be facing undersupply problems?

Dubai's property marke facing undersupply problems?

Concerns about potential oversupply in the Dubai market could be far off the mark, says Property Finder Dubai may be suffering from an undersupply of property despite concerns to the contrary, according to UAE-based real estate portal Property Finder. Based on figures from Dubai Land Department, Property Finder said at least 16,000 properties have been added…