Dubai real estate is slowly improving its condition. The recovery of the economy has been slow but the indicators have shown a lot of resilience in recent few months. Dubai’s government has been doing everything in its power to reinstate the lost confidence of investors, developers, and other stakeholders in Dubai real estate. Private companies [...]
In spite of all the hue and cry for the low level of demand for the real estate in Dubai, the low and middle income segment properties in Dubai are still the highest demanded properties amongst the skilled work force. Living conditions have always been talked about when low cost accommodations are discussed for Dubai. [...]
Economic pressures and mounting inflation have made it difficult for ordinary citizens to live in expensive places like Abu Dhabi and Dubai. The accommodation costs get hold of the major share of income. Affordable homes were the need for Abu Dhabi’s low income population which wasn’t earlier seriously looked into. Nowadays, demand for middle income [...]
Emaar announced that it would list the names of all those residents on its properties at a public display, who haven’t been able to pay the service charges. In the last post we talked about the change in the law for paying housing fee. According to the experts, the most significant affect of this law [...]
Dubai municipal authority has changed the terms of payment for housing fee to monthly payments. Some 17,000 tenants are likely to get affected because of this decision by the municipality. A recent campaign has been launched which mandates online registration of all residential units of emirates. The basis of the amount to be paid will [...]
As the skepticism and optimism about the Dubai real estate market keeping many confused, the work to construct some of the first villas on the manmade Island for Germany has started taking place. A lot of controversies have been surrounding the already constructed islands that they may be sinking or going down. These have also [...]