News
Strong US dollar, weak oil prices and subdued investor demand to push rents down There’s good news for Dubai residents who thought they’d missed the boat when it came to jumping on the property bandwagon. A new report maintains that 2017 will be the year of affordable housing, with both investors and end-users preferring smaller…
Sellers in established communities have several buyers lining up for properties The buyer is still king in the Dubai property market. However, this rings true mostly for properties in up-and-coming communities, where sellers are having to lower asking prices to meet the expectations of buyers. During the early part of 2016, several sellers had to…
The market was fragmented in 2016, with rents holding strong and sale prices dipping It’s almost time to call it wraps for 2016. The year has been a mixed bag of fortunes for the Dubai property sector, with affordable properties leading recovery while the prime market continuing to feel the pressure both in the sales…
Investors should lodge a complaint with the Real Estate Regulatory Agency (Rera) if they are forced by developers to make any additional payment in cases where construction work has slowed down or is not progressing at all, a Dubai Land Department (DLD) official has said. “If the project has not progressed, then the developer cannot…
Owning a home is a keystone of wealth… both financial affluence and emotional security.