Property News 


Dubai’s real estate sector has demonstrated its resilience - DLD

Dubai: The Director General of the Dubai Land Department, Sultan Butti bin Mejren, said Dubai’s real estate sector has demonstrated its strength and resilience over the last few years and is ...

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MBR City home sells for Dh90 million to be top deal

Dubai: A 22,858 square feet villa at Mohammed Bin Rashid (MBR) City that sold for Dh90 million was the costliest property transaction in Dubai last year, followed by a Dh74 million deal for a penth...

Read More  |  Source : Gulf News

Warehousing space sees strong increase in market activity

Industrial and warehousing space witnessed a strong increase in market activity, after a prolonged period of subdued demand levels throughout 2018, on the back of a spike in renewal, relocation and...

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Expo 2020 to kickstart Dubai property market recovery, says developer

UAE-based upscale developer Seven Tides has indicated Dubai’s property market will start to recover in 2020, driven by Expo 2020, new government initiatives, favourable payment plans and grow...

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Dubai reduces fees by 80% for 'National Broker' programme members

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, issued Resolution No. (4) of 2020 on Thursday on the fees for re...

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Damac chief says Dubai property prices at 'rock bottom'

Now is the time to buy property in Dubai, the chairman of one of the city’s biggest developers said, months after warning the Middle East business hub faces a “disaster” on oversu...

Read More  |  Source : Arabian Business Magazine

Dubai property achieves supply-demand balance, prices hit lowest mark, say developers

Dubai's top private developers believe that a demand-supply balance has been achieved to some extent, and that prices are at rock-bottom and unlikely to go down any further.

  Read More  |  Source : Khaleejtimes

Abu Dhabi forecast to see more first time buyers in 2020 as prices fall

2020 will be an "important year" for the real estate sector in Abu Dhabi with more first-time buyers likely to enter the market as prices continue to become more attractive, according to ...

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Dubai shows double-digit growth in residential sales

There has been a double-digit growth in residential and office sales, with actual end-of-year supply being lower than originally projected, according to local real estate consulting firm ValuStrat ...

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Supply-demand gap pares as sales jump, handovers fall

Green shoots in Dubai's real estate sector are increasingly becoming evident as residential market recorded double-digit sale growth last year while actual supply was lower than projected, refl...

Read More  |  Source : Khaleejtimes