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Post Dubai Expo 2020, the focus will be on sustaining growth

Expo-2020

There is plenty of speculation around Expo 2020 in terms of how much it will spur the real estate market in Dubai, if at all. Expo 2020 is perhaps the biggest event the UAE has ever hosted and judging from the anticipated after-effects and heightened awareness the event will bring, particularly in a city that…

As Abu Dhabi opens freehold to expats, where should you buy your home?

Abu Dhabi

In April, the Abu Dhabi government changed its real estate laws allowing foreign nationals to own freehold property in designated investment zones, a privilege that was previously enjoyed only by the UAE and Gulf Cooperation Council (GCC) nationals. Foreign property investors in Abu Dhabi were previously only granted leasehold ownership with a maximum 99-year term….

Damac welcomes first residents of Akoya

damac akoya

Damac Properties has commenced handovers at the ‘Claret’ cluster of its landmark 55 million square-feet master development, Akoya. Claret, which consists of 315 townhouses, is nestled amidst lush green surroundings and world-class amenities. Following the handovers at Claret, Damac is committed to delivering over 1,300 homes across other clusters in the coming months. Construction works…

Property demand and supply: it’s a balancing act

Dubai Real Estate

With a surge in delivery during the Expo, will the demand-supply gap further widen? Around 126,000 new units are expected to enter the Dubai real estate market by the end of 2020, as most developers in Dubai are focusing on handing over properties around the Expo event. Historical trends in the market, however, indicate that…