December 2020

How Dubai is becoming more transparent to attract Real Estate Investors

Dubai climbs the Global Real Estate Transparency Index after launching official residential index Dubai and Abu Dhabi are the most transparent real estate markets in the MENA region, according to the latest Global Real Estate Transparency Index from JLL. The index is considered a useful indicator of a city’s overall ‘real estate investment health’ and comes despite continued concerns...

Demand for property in Dubai picking up

Property prices in Dubai are reasonably priced and demand is picking up. Real estate business is a cyclical business. We have an oversupply, Dubai is reasonably priced. Our prime time price was a little lower than Chicago prices. We are also going through what the world is experiencing. Good demand continues from India, Saudi Arabia, Russia and China. Cavendish Maxwell data showed that 220,208 units...

Sheikh Mohammed issues new Dubai law on unfinished and cancelled real estate projects

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Decree No. (33) of 2020 on the special committee for unfinished and cancelled real estate projects in Dubai, formed pursuant to Decree No. (21) of 2013 Pursuant to Decree No. (33) of 2020, the name of the special committee for unfinished and cancelled real estate projects in...

Dubai villa prices are back on the rise after years of decline

Arabian Ranches, The Lakes, Palm Jumeirah, and Jumeirah Islands were among the communities that registered small increases in prices last month. The overall Dubai property market displayed monthly stability, with an average fall in values of just 0.2% compared to October, the lowest rate of decline in three years. It added that, annually, transactions for off-plan homes dropped 51.5%, but ready homes...

Demand for ready to move in Apartments/Villas/Townhouses

Dubai real estate market recorded 3,395 sales transactions in the month of October this year, worth AED 6.93 billion This remained a record-breaking month for secondary/ready villas/townhouses with 665 unit transfers 1013 villas/townhouses and a total of 2,031 apartments were transferred in October Dubai, UAE, 29 November 2020 - Dubai Land Department (DLD), in cooperation with Property Finder,...

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