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Real estate in Dubai

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…

Payment plans, bargain hunters drive ready property market

Dubai property market

The secondary property market in Dubai is steadily catching up with off-plan sales, which has been seeing a precipitous year-on-year fall. The secondary market in Dubai witnessed the sale of 9,865 units from January to end of October this year, down only two per cent compared to the 10,099 units sold in the comparable period…

Why now’s the time to buy a Dubai dream home

Dubai properties

Prime property has become more affordable in Dubai as prices continued their downward trajectory in the third quarter of 2018. The emirate was ranked 39th in the Global Residential Cities Index by consultancy Knight Frank. The real estate consultancy said prices in Dubai declined 3.8 per cent year on year in the third quarter of…

The rise of REITs in the Gulf region

Dubai real estate

The Gulf Cooperation Council (GCC) has witnessed significant growth in the number of real estate investment trusts (REITs) across the region, with over seven publicly listed REITs established to date. Since 2006, regulations have permitted REITs in the Dubai International Financial Centre (DIFC), but previous market downturns delayed any real progress within this particular sector…