News
The value and number of homes changing hands in Dubai’s most established neighbourhoods doubled in the second quarter compared to the final three months of last year, which was the worst period of activity for the emirate’s property market since its last peak two years ago. The data from Reidin, which has been analysed by…
149 nationalities invest Dh57bn in emirate’s real estate sector: DLD The biggest investors in Dubai property market have been UAE nationals followed by Indians in the first six months of 2016, according to Dubai Land Department (DLD). UAE nationals (Emiratis) invested a total of Dh14.523billion, through 4,543 investments, while Indians poured in Dh7.27billion during the…
Property broker JLL has said the UK’s vote to leave the European Union will delay the Dubai housing market’s recovery by six months. After two years of falling house prices, JLL had previously forecast, the residential market in the emirate would start to recover either towards the middle of this year or later. However, with…
High house prices and deposit requirements mean that more than two thirds of people living in the UAE rent their homes rather than buy them according to new survey. According to a poll of around 11,000 UAE residents carried out by property website Propertyfinder, 70 per cent said of respondents that they rented their…
Owning a home is a keystone of wealth… both financial affluence and emotional security.