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Dubai tenants are well positioned to demand rent-free periods while property owners are being offered flexible payment terms as the first half of 2019 remained challenging for the UAE real estate market, according to new research. Cavendish Maxwell’s UAE Property Market Report for Q2 highlighted continued declines in both prices and rents during the three-month…
Attractive terms, sustainability among key factors luring more investors in emirate The value of real estate transactions in Sharjah in the first half of 2019 was recorded at Dh14.7 billion, driven by GCC nationals and their interest in residential properties. According to the latest report issued by the Sharjah Real Estate Registration Directorate (SRERD), the…
The property must have completed construction, cost Dh5m or more and be fully paid up Dubai: The Dubai Land Department has issued the criteria for property investors to acquire 5-year residency visas in Dubai. For one, the construction of the property must be complete – in other words, investors who bought offplan need to wait…
Property shares have been on the upswing as those of banking peers fade Dubai: Equity traders in the UAE are ditching expensive banking shares and opting for relatively cheaper real estate stocks. Emaar Properties shed 22 per cent from April through May and has been on a gaining streak since, up 17 per cent from…