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Dubai announces plan to take all real estate deals online

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Real Estate Self Transaction platform announced to conduct real estate trading and transactions with multiple parties anywhere and anytime. Dubai Land Department (DLD) has announced plans for the Real Estate Self Transaction ( REST ), a platform for conducting real estate trading and transactions with multiple parties anywhere and anytime. The new platform, part of […]

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Dubai apartment prices see biggest quarterly drop since 2014

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Chestertons MENA report says further pressure to be put on prices, rents during remainder of 2018 The addition of new stock, tough macroeconomic conditions and moderate population growth are set to place further pressure on property sales prices and rental rates in Dubai, according to a new report. Chestertons MENA said overall sales prices for […]

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Aldar to launch $2.7bn mega project near Dubai-Abu Dhabi border

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Alghadeer masterplan consists of 14,408 homes plus a multi-use agricultural led space featuring allotments Aldar Properties has announced the launch of a new AED10 billion ($2.7 billion) masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, which sits close to the border of Abu Dhabi and Dubai. The Alghadeer […]

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Emaar’s Creek Horizon project starts to rise

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Progress on two-tower development in Dubai Creek Harbour is set to accelerate Emaar Properties’ Creek Horizon residential project at Dubai Creek Harbour has now reached ground level. The project comprising two towers, rising from a landscaped podium structure, will also offer individual townhouse opportunities and shared leisure amenities, such as a swimming pool, gym and […]

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Dubai Marina knocked off top spot for apartment rentals

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Bayut.com report says Dubai Silicon Oasis is most popular for renting apartments in February. The most popular area for renting an apartment in February in Dubai was Dubai Silicon Oasis, overtaking Dubai Marina, according to real estate portal Bayut.com. Bayut said the property market in Dubai showed stability in February, with the greatest price fluctuations […]

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Revealed: how much Indians have spent in Dubai’s property market

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New figures reveal Indian investors ploughed more than $22bn into Dubai real estate between 2013-17 Indian nationals, who form the largest foreign investor group in Dubai’s real estate market, have bought properties worth more than AED83 billion ($22.6 billion) in the last five years, according to new statistics. The spending power – from 2013 to […]

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Dubai Marina, Discovery Gardens most popular areas to rent apartments

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The ROI on buying apartments dipped slightly in January, according to a Bayut.com market report Dubai Marina, Discovery Gardens, International City, Dubai Silicon Oasis and Jumeirah Lake Towers remained the most popular places to rent apartments in Dubai in January 2018, according to a new market report from Bayut.com.ational City, Dubai Silicon Oasis and Jumeirah […]

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Dubai off-plan property sales hit 9-year high

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JLL says a total of 25,600 off plan properties were purchased in Dubai in 2017, the highest since 2008. Dubai property prices are forecast to continue falling this year as the market absorbs additional supply, according to a new report by consultants JLL. JLL’s 2017 Year in Review report said occupancy levels in Dubai would […]