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rent home in Dubai

Dubai’s property transactions head online

Dubai Real estate

Investors in Dubai’s real estate can sell or rent their properties online from anywhere — through the Dubai Land Department’s ‘REST’ platform. This covers the entire digital management of these transactions and helps eliminate paper documents and “reduce brokerage-related procedures,” the Land Department said in a statement. The mention of cutting down on broker involvement…

Average Dubai office rents soften by 4.3% in a year

office

Average office rents across Dubai softened by 4.3 percent year-on-year in the first quarter of 2018 despite greater activity levels, according to a new report. Knight Frank Dubai, in its Q1 2018 UAE Commercial market update, said the occupier market witnessed a strong start to the year with a clear uptick in demand. While there…

More private debt will fund Middle East real estate in a decade

Debt fund real estate

The next decade will most likely witness a major growth in private debt for the Middle East real estate market instead of commercial bank lending, according to a report released by JLL in conjunction with Clifford Chance. Key sources of private debt include public and private pension funds, foundations, endowments and insurance companies. There has…