Indians in UAE: Rent or buy? Poll reveals big Dubai property moves

The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals a new survey.Around 60.80 per cent of Indians surveyed have been searching to buy a house in the past three months, out of which 82.86 per cent are interested in buying apartments, states Bayut.com, an Read More …

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Remember the time: Rent studio in Dubai for Dh9,500 a year – Emirates 24|7

Rents for apartments in Deira, the old Dubai, have risen by nearly five times in last three decades, a report by Asteco reveals.The property consultancy said annual rents for studio and three-bed units stood at Dh9,500 and Dh25,000, respectively, in 1986, which in 2014 rose to Dh45,000 and Dh135,000, respectively.The report, which tracks the evolution Read More …

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Dubai rents softening in 2015; expect bigger decline next year

A number of real estate consultancies are expecting rents to decline this year. Tenants should be happy as the rents will not merely soften in 2015, but will continue in 2016 as well when new properties come on stream. ?A further 12,000 apartments will be added to the city?s existing inventory in 2015 as well Read More …

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Dubai’s ruler backs four major real estate projects

Four major real estate projects being built by Wasl Asset Management Group in Dubai have won the backing of Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister of the UAE and Ruler of Dubai. The projects viewed by Sheikh Mohammed included the mixed-use Creek Heights Residences, a development of two Read More …

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Dubai’s top 15 future projects… at cost of a whopping $66.89 billion

In the past two years, Dubai developers have announced a number of mega developments apart besides the government institutions announcing major infrastructure projects. A recent report puts contracts worth $27 billion being awarded in Dubai alone over a span of 10 years, while the UAE has seen $56.45 billion worth of contracts being awarded in Read More …

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Dubai Marina property prices buoyed by new infrastructural projects

Dubai Marina is helping the area maintain its impressive property price growth.New research from Cluttons has found that the wave of new transport, retail and leisure facilities around Dubai Marina and in the surrounding area is further instigating buyer demand and raising prices. Prices have already increased by an average of 28% to 1,670 AED Read More …

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Expecting your Dubai villa rent to rise? What 2015 index says

The first Dubai rent index update of 2015 saw apartment rents going up by 6 to 25 per cent across various freehold communities, but that?s not the case with the villa segment.Lease rates have remained stable across freehold villa communities, a comparison of 2015?s first rent index update against 2014?s last index figures reveals. Rents Read More …

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Why buying off-plan property in Dubai has become costlier…

Developers in Dubai are asking off-plan property buyers to pay the registration fee of 4 per cent of the contract value at the time of booking. ?We are asking investors to pay the title registration fee of 4 per cent of contract value, Oqood fee of Dh1,000 along with a knowledge fee of Dh20 at Read More …

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75% Dubai residents plan to move homes after rent hikes

Nearly 75 per cent of Dubai residents plan to move to new homes on lease renewal due to rent hikes. The results of the survey showed that as many as 84 per cent claimed rent increase during 2014. It said nearly 36 per cent of emirate?s respondents experienced an increase between 1 to 10 per Read More …

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Northern Emirates rental rates up again in Q3

Dubai?s market dynamics are now prompting a slowing down of growth figures and could herald a softening in demand for competitively-priced residential rental units in the Northern Emirates as Dubai market conditions continue to adjust. Nevertheless, Q3 2014 witnessed a prolongation of the positive trend seen over the last 12 months, with quarter-on-quarter increases of Read More …

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Dubai tram ?to boost local property prices?

Currently, residents in Dubai Marina and Jumeirah Beach Residence rely heavily on cars and taxis to travel around Dubai and the introduction of the major new public transport expansion could change the dynamics of property prices. The Dubai Tram is scheduled to open on November 11th this year and the 10.6 km-long track will transport Read More …

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Dubai Property Boom: New projects worth billions unveiled at Cityscape

The stage is set to make new project announcements in Dubai. Developers have put in billions of dirhams into Dubai?s property market from early this year, but a wave of new projects, worth billions of dirhams, will be unveiled at the three-day Cityscape Global property exhibition. Union Properties, a Dubai Financial Market-listed developer, will unveil Read More …

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Dubai tops world’s hottest property market

Dubai continues to top the annual rankings for the fifth consecutive quarter, recording an annual price growth of 24% though it has dipped from 27.7% in the year to March 2014, the latest Global House Price Index reveals. In the six-month period (Q4 2014 to Q2 2014) prices rose by 7.4%, while in the three-month Read More …

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Dubai beats 53 global cities, remains world’s hottest property market

The pace of increase in property prices in Dubai has slowed, but compared to 53 other global cities they are still increasing at the fastest pace in the world. Dubai continues to top the annual rankings for the fifth consecutive quarter, recording an annual price growth of 24 per cent though it has dipped from Read More …

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What Dh1 million can buy you on Dubai’s Sheikh Zayed Road

Your options are quite limited now if you are looking to buy an apartment in master communities on Dubai?s arterial thoroughfare – Sheikh Zayed Road (SZR). Eighteen months ago, you could buy an apartment for less than a Dh 1 million on SZR, but compared to the listed prices today, even a studio unit in Read More …

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Dubai has more millionaires with 2nd homes than Paris, LA

Dubai ranks among the Top 5 cities in the world in terms of hotspots that can boast of the maximum number of ultra-rich with second homes or holiday homes. With 8,200 such multi-millionaires, Dubai is ranked at No 5 in the world, ahead of much more established markets like Paris, Zurich, Geneva and Los Angeles. Read More …

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Dubai Land opens doors to public

Dubai Land Department (DLD) has announced the launch of a new customer suggestion campaign in order to improve its services and will accept suggestions until next week. DLD is asking its customers to express their views about the organisation?s standards in three of its departments: Real Estate Registration Services Department, Customer Services Department and Real Read More …

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Dubai rents have increased by 23.7% year-on-year

Residential rents in Dubai continued to rise in June. According to new figures , the 0.16% increase in June brought the overall increase in rents for the year to 23.7%.The high year-on-year growth shows that property investments in Dubai are offering strong returns to investors. It also bodes well for the future as, despite the Read More …

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Get set for rent hikes: Dubai rents still below peak levels

The pace of rental growth in Dubai may slow down in 2014, but rents will rise even though nearly 25,000 new housing units are likely to enter the market. ?As rent values and sale prices continue to rise in Dubai?s established communities, tenants are likely to relocate to more affordable areas within Dubai, with some Read More …

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