real estate market in Dubai
MAG Lifestyle Development will launch two projects in Jumeirah Village Circle, which will cost Dh300 million to build. This is the first time the developer is entering this area. MAG 614 will be a 20-floor residential tower comprising 223 units, while the while the MAG 612 will be another 20-floor structure but with 144 units….
The Address Downtown has re-opened to hotel guests, nearly three years after a fire engulfed much of the building on New Year’s Eve 2015. Emaar, the hotel’s owner, says that the refurbishment brings with it new restaurants, additional rooms and suites, and a spa. Olivier Harnisch, chief executive officer of Emaar Hospitality Group, said in…
Do away with real estate brokers altogether? Where every transaction can be done directly between a buyer and seller — or a landlord and tenant — using an online platform to be put up by Dubai Land Department? And the deals can be sealed and done with the users being anywhere in the world? Such…
Rents in Dubai’s freehold areas have taken quite a bit of hit in the last two years, but not all of the city’s tenants seem to be benefiting from it. In fact, at locations such as Jumeirah Village Circle, Sports City and the Remraam community in Dubai, rents for one-bedroom units have either held their…
Owning a home is a keystone of wealth… both financial affluence and emotional security.