Property in Dubai
Dubai Real Estate News
Dubai will set up a new centre for quicker settlement of rent disputes in the emirate, it has been announced.
Emaar Properties, leading real estate developer early this week announced the launch of The Address Residence Fountain Views III, a fully-furnished residence project, in Downtown Dubai.
Dubai may shortly enforce amendments to its real estate law aimed at hastening procedures for settlement of real estate disputes between tenants and landlords and allow for an appeal within three days.
A joint venture between Deyaar Development and Dubai Properties Group, namely, Arady Developments, has announced the launch of a new 48-storey residential tower, which forms part of its prestigious Central Park project at Dubai International Financial Centre (DIFC).
With all sectors of the Dubai real estate market now gaining momentum in making a healthy recovery, real estate experts are wondering if the emirate would enter into another real estate bubble and what needs to be done to maintain a sustainable growth path.
The Dubai Land Department, in a view to protect the real estate market from speculators and to regulate the sector, is in the process of passing seven new property laws over the next two years, the Director-General of the department revealed.
UAE nationals form majority of property investors in Dubai, during first half of this year, while Indians are top expat investors, the Dubai Land Department (DLD) confirmed.
Nakheel, the leading real estate developer will begin work on The World Islands during first half of next year, as revealed by the Nakheel Chairman, Ali Rashid Ahmed Lootah.
Nakheel has warned the villa owners in Palm Jumeirah to stop leasing out units on short-term basis to private parties.
The construction work currently in progress in Jumeirah Beach Residence (JBR) has dampened the popularity of beachfront master community among its tenants and buyers, a new report said.
Dubai Properties Group (DPG) has invested heavily in infrastructure and services in the Central Business District, with the mixed-use projects outnumbering commercial and residential projects in Business Bay, the Central Business District of Dubai.
Dubai office occupancy has been buoyant during the third quarter this year, as the market recorded significant upturn in lease enquiries, as per the latest research from CBRE.
RAK Properties, one of the biggest real estate developers in Ras Al Khaimah, has announced handover of six buildings in Precinct 2 of Mina Al Arab Lagoon District.