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No more cheque, pay rent by direct debit

Bank cheque

A new digital payment service has been launched that will allow tenants to pay their rent through direct debit. It is likely to eliminate the need for post-dated rent cheques. Asteco has partnered with the National Bank of Fujairah and Direct Debit System to use direct debit as a digital solution for all parties in…

Affordability vs affordable must-haves

Affordable living

Has the concern on affordability been fully addressed in Dubai? We have seen new projects launched at lower price points, unit sizes becoming smaller (or more “efficient”) and more investor-friendly payment plans consisting of post-handover collections. Urbanisation is rapidly taking place, with the city expanding towards Dubailand and the south. Developments in new locations and…

Dubai real estate brokers earn Dh842 million in commissions

dubai property market

The Dubai Land Department (DLD) has announced that real estate brokers earned commissions worth Dh842 million in the first nine months of 2018. The brokers contributed to concluding 18,121 transactions in that period. The report issued by the department of real estate studies and research at DLD shows that brokers earned Dh429 million from land…

New York property start-up to double Dubai presence in 2019

Blueground team

Online property marketplace Blueground will double its presence in Dubai next year to 600 properties, as the New York-based firm completed a new funding round of $12 million. The start-up also intends on becoming Dubai’s largest tenant in 2019. Its investors in this round included Dubai-based Jabbar Internet Group, VentureFriends and Endeavor Catalyst. The company’s…