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Real estate in Dubai

It’s a mismatch: supply forecasts versus actual deliveries

dubai properties

In Dubai’s property market, one trend has been consistent over the last few years: the significant mismatch between actual deliveries and annual supply forecasts. Realisation rates (the ratio of delivered units to announced units) have hovered at 40-50 per cent over the last five to seven years. The source of this lag is multifold. Given…

RAK Properties swings to third quarter loss as revenue plunges

Dubai property

RAK Properties swung to a Dh22.8 million net loss in the third quarter of this year as the company booked provisions and revenues plunged. The Ras Al Khaimah-based developer had posted a net profit of Dh13m in the same period last year, the company said on Sunday in a statement to the Abu Dhabi Securities…

Short-term lease for smart investors

Dubai property

While a change in government policy in 2016 has opened the lucrative short-term holiday home market to private homeowners, it has also led to a surge in holiday home management companies such as Frank Porter and bnbme that have paved the way for a new wave of investors. “Dubai has only recently legalised the holiday…

I upgraded my kitchen for a higher ROI

upgraded kitchen

For Dubai-based Danielle Jooste, getting the kitchen ready was her first priority after she moved into her six-bedroom house in Arabian Ranches’ Mirador community. The kitchen, she says, has always been for her the centre of the home, a meeting place where “memories are made and shared.” Right from the sleek quartz countertops in Jooste’s…