We all know that off plan sales are pretty popular in the real estate market. However, we were all caught off guard when we found out that off-plan sales dominated Dubai’s real estate market.
This week we cover: Another Dubai property owner embraces cryptocurrencies, Damac Properties founder ready to sell 15% stake at Dubai developer, Rents fall in popular areas of Dubai, Sharjah, Dubai to go all out for overseas buyers
This week we cover:Dubai Real Estate Activity Rises 14%, Dubai’s real estate records robust Dh285b in 2017 deals, Dubai reveals plan to launch new real estate festival, Lootah Real Estate acquires property in Dubai’s International City
This week we cover: For off-plan, Jumeirah Village and Dubai South are top picks, Nakheel awards Dh385m construction contract for beachfront resort in Dubai, MBR City – District One project enters fast-track
This week we cover: No spike in sight for Dubai property prices in 2018, Dubai Real Estate Institute organizes Innovation in Real Estate Best Practices Event, UAE property developer secures $272mln loan for mega-project, Dubai Industrial Park announces Wi-Fi access across labour accommodation
This week we cover: VAT impact will attract global players to Dubai real estate market, Prime Dubai offices cost less than a third of Hong Kong, Dubai firm buys ‘iconic’ London skyscraper for $357m, Aldar buys Abu Dhabi’s International Tower for $179m
This week we cover:Dubai real estate consultancy launches Dhs5m endowment, Gemini launches construction of Symphony, Dubai real estate market in ‘unique’ cycle, says Core Savills, DIFC aims to lease 90% of units at Dh1bn Gate Avenue before completion, official says
This week we cover: Dubai property owners pay hefty premium for luxury high-rises, Off-plan sales dominated Dubai property, Dubai property hunters have an average of 6% negotiating power, The Sanctuary: An oasis of calm in the middle of the city
National Day is one of the most celebrated days in the UAE as the historical moment when the seven emirates came together to form one country is honoured. It is a time of national pride and all the emirates, including Dubai, burst out in cultural celebrations.
In the UAE, everyone with property is waiting to see how the revised VAT laws will affect property sales.
For now, everyone is thinking the exact same thing, prepare for this eventuality as much as you can and then wait and see what happens. However, we can still make some deductions as to how this…