Property Newsfeed

What to watch out while refinancing your mortgage in the UAE

  What to watch out while refinancing your mortgage in the UAE Have you ever felt the need to change your mortgage lender, knowing there may be better, more affordable mortgage options out there with better terms? This inclination is only natural when you believe now is as good a time as any to refinance your current mortgage. There are numerous benefits to be had through a mortgage refinance, the
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Dubai registers 68 property projects worth Dh21 billion in H1

  Dubai registers 68 property projects worth Dh21 billion in H1 The Dubai Land Department (DLD) has announced on Saturday that 68 real estate projects were registered during the first half of 2017, representing a value of Dh21 billion. The first half of this year also saw the launch of 68 new projects. This compares to 88 real estate projects launched from the beginning of 2016 until H1 2017. Sultan
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Small homes fetch best yields in Dubai

Small homes fetch best yields in Dubai The city of Dubai attracts property investors from around the world as residential rental yields in some areas are higher than other global investment destinations such as Manhattan, London and Singapore.On closer analysis, it is found that affordable freehold communities offer the best gross yields in town – International City at 9.16 per cent and Discovery Gardens at 8.85 per cent. Other communities
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Gulf real estate firms bullish on growth

Gulf real estate firms bullish on growth Real estate professionals in the Gulf have a bullish outlook on growth for their sector, notwithstanding a strong dollar, low oil prices and economic headwinds.Over half of 300 firms surveyed at the recent Gulf Real Estate Awards predicted considerable growth over the next 12 months.On average, 32 per cent of those surveyed expected their growth to be slightly higher across all key business
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Dubai sees 16.8% increase in real estate transaction values in H1 2017

Dubai sees 16.8% increase in real estate transaction values in H1 2017 Dubai saw a 16.8 per cent increase in the total value of real estate transactions conducted in the emirate in the first half of 2017 compared to the same period last year, according to Dubai Land Department (DLD)The figures for the first six months of 2017 will be seen as a sign of market recovery for property owners
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Dubai homes: Room to grow

Dubai homes: Room to grow More residential supply is always welcome news. This translates into more choice for tenants and, consequently, lower rents. Property consultants Cavendish Maxwell estimate 30,402 homes to be completed in Dubai by the end of 2017. The break-up is 24,259 apartments, 3,778 villas and 2,365 townhouses, according to information obtained from developers, consultancies and sub-contractors.However, keep in mind that the materialisation rate is much lower (estimated
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How an investor can ride the Dubai property cycle

How an investor can ride the Dubai property cycle Investment. Property. Real estate. Timing. Vocabulary that is eminent in Dubai, and given the expanse of widespread analysis about the real estate market at the moment, there is need to deliberate on the significant phases that Dubai’s realty market is going through.Property markets move in cycles, more or less as regular as clockwork. A property cycle is defined as a series
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Have speculators become landlords as capital gains ebb in Dubai?

Have speculators become landlords as capital gains ebb in Dubai? In Propertyfinder’s recent 2017 Trends Report, one of our most respected brokers highlighted a new trend: the return of “shadow inventory” to Dubai’s residential rental sector. These are units that buyers had long keep vacant as they sought to benefit solely from capital appreciation, but with prices falling for the past three years, some are now putting their units up
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Rent controls are a waste of society’s time and resources

Rent controls are a waste of society’s time and resources Rent controls are a policy favoured by many governments, including those of the Arabian Gulf countries, with the goal of helping low-income families access affordable housing.In our last article, we explained why rent controls create housing shortages and diminish housing quality. In this article, we dig deeper into the damage caused by rent controls, highlighting how they waste tenants’ valuable
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Despite drop, Dubai rents give investors good yields

Despite drop, Dubai rents give investors good yields Expect further rent drops during the summer. However, those of you living in central locations are likely to see rents stabilising by next year while those in secondary locations can see prices softening further. This is as per a market report issued by real estate consultancy Core Savills.Rents in Dubai continued to soften across the board in the second quarter, with only
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