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Dubai Offplans

Who buys most apartments in Dubai?

Dubai buildings

Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term. The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece of home in some of Dubai’s…

New mid-market homes put pressure on Dubai rents

Dubai rental pressure

Downward rental adjustments continue to take place in the Dubai market, says a Q2 2018 report released by property company Chestertons on Monday. This is due to several factors: additional stock being delivered, thus providing more choices, some tenants purchasing their own properties and conservative market sentiment. Average apartment rents are down 4 per cent…

Developer counts on Expo to create resurgent demand


Developers in Dubai are counting on Expo 2020 to generate demand for the properties that are scheduled for handover in the upcoming years. “The Expo is expected to receive up to 300,000 visitors a day when it opens, while also creating around 300,000 new jobs and attracting new residents to Dubai. According to recent JLL…

Tenants, buyers remain in driving seat in Dubai

Mina by Azizi

The cost of renting and buying property in Dubai has decreased since H2 2017, but most price falls remain modest, according to Haider Ali Khan, CEO of Bayut, said: “Renters and buyers are still firmly in the driving seat, with renters likely to bargain with landlords to negotiate a lower rent, or upgrade by…