Property owners eyeing an exit find it tough going in Dubai 17.01.2018

Developers pick up nearly all buying with incentive-packed offers like registration fee waivers, lower upfront payments and instalments that can stretch over years Dubai: Property owners in Dubai better be willing to cut their asking prices if they want to sell. If not, they are staring at future disappointments. With off plan sales from developers overwhelming demand in the secondary …

Dubai to go all out for overseas buyers 16.01.2018

Land Department lends its weight to a series of roadshows in the US, Russia and China DUBAI: Dubai’s property market is to go all out chasing overseas investors. A series of roadshows will be held in key overseas markets — India, China, Russia and even the US — through the year to get these investors to sit up and take …

Dubai developers go slow on home deliveries 16.01.2018

Only 47% of projected supply for 2017 has gone past the completion line, says JLL Dubai: Developers in Dubai delivered less than half of the homes they had promised to do in 2017, and in a way ensuring that new supply will not be flooding the market in one go. This is a tactic they had been using consistently to …

Rents fall in popular areas of Dubai, Sharjah 16.01.2018

Increased supply gives tenants leverage to negotiate discounted rents Dubai: Existing as well as new tenants are successfully negotiating hefty discounts from landlords as house rents rates continue to drop sharply in Dubai and Sharjah, real estate agents and residents told Gulf News on Monday. According to real estate agents, the supply is much greater than the demand, giving tenants …

Investors rush to pick up Dubai’s affordable homes 14.01.2018

But they could be in for disappointment as they may not generate high returns Dubai Investor alert — buyers rushing to snap up Dubai’s affordable property options need to get a reality check. The higher yields they expect to realise from these may be fleeting. Because there are too many of these similarly priced homes are getting built now for …

Dubai’s off-plan sales take a November dip 03.12.2017

After record-setting July to October run, market could be heading for more stable levels Dubai: After a blockbuster run between July to end October, off-plan property sales in Dubai for November has taken a dip, with just over 1,523 units sold. That compares with more than 2,000 off-plan units in July and August and 1,800 plus for September and October, …

Brokers no longer allowed to sign rental contracts 03.12.2017

If the broker has real estate visa, Dubai Land Department will not honour power of attorney Dubai: Brokers legally appointed to manage property of landlords based abroad are no longer allowed to sign unified lease contracts to get an Ejari, leaving some tenants in the lurch, Gulf News has learnt. The Dubai Land Department (DLD) in March launched the unified …

Rules tightened for off-plan property buyers in Dubai. 12.11.2017

Investors in breach of obligations can have their contracts terminated as per new law update Dubai: Property buyers in Dubai who are in breach of their sales contracts on off-plan projects will find the going tough from now on. An update has been issued on the law related to “interim property registration” by His Highness Shaikh Mohammad Bin Rashid Al …

Seek and you shall find lower rent in Dubai 29.10.2017

The softening in asking rents is now no longer confined to upscale freehold communities Dubai: In Dubai, the chances are that you will come across a property being offered at a rent lower than what you are paying. And you won’t need to shift quite a distance to make use of the offer. Chances are there is a brand-new building …

Decline in Dubai rents to continue in 2018? 24.10.2017

Latest analysis looks at where rents are headed and what awaits tenants in Dubai over the next few months Dubai: With a glut of apartments and villas for lease and tenant demand failing to keep up, rents in many areas around Dubai have been heading south for some time now. And if the latest analysis were correct, it looks like …