Dubai is known as a tourist hub in the entire gulf region. Since 1990’s Dubai real estate sector shows appreciating growth. But during the previous 3 years this sector is not enjoying favorable conditions. Yet government and other parties are trying hard to set its track towards growth again. Real estate businesses enjoy range of [...]
Recently RERA has announced that it would update Dubai rent index table after every four months to keep the rental values up-to-date which will also help in capping the rental rates. This action was taken against the Ruler’s decree of capping the rent rate in the emirate. RERA is the only benchmark from which rents [...]
Dubai real estate market is currently going through a recovery period but it is one of the most attractive real estate markets in the world. Investors are interested in long-term and short-term investment in Dubai real estate whereas people belonging to different countries want to get settled in Dubai and buy a home there. Dubai [...]
Dubai is a place where the rules and regulations are pretty strict and someone breaking them can get in real trouble. Certain laws also prevail in Dubai real estate sector and following them is indispensable for real estate investors if they want to avoid any legal action against them. The real estate sector of Dubai [...]
With the pressure mounting on illegal partitions in accommodations across Dubai, it has become impossible for many to think of sharing accommodations. Many people, singles or those with their families, often find it quite challenging to have a comfortable accommodation. Some of the outsiders planning to get into Dubai are worried about the cost of [...]
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 credit crunch hasn’t loosened its clutches on Dubai, its real estate is still being battered by the poor economic conditions. The problems in economic conditions are very severe for the job finding people. This problem however hasn’t left the commercial property owners out of trouble. The demand for commercial properties is already low [...]
Ever since the committee for financial matters sat, everyone predicted that some work out would be done with regard to the financial crunch being faced by Dubai. Dubai whose economy is largely dependent on tourism has been in severe liquidity crunch. As the market forces are uplifting the economy of the Dubai once more, the [...]
As Dubai has been working on new laws to make things more transparent for each stakeholder in UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum has appointed Emcredit as the official credit information body of Dubai through the decree no. 8 of 2010. Emcredit will have to run in accordance with the guidelines laid [...]
As the case proceedings against the former executives of Tamweel are underway, they have asked court to consider reappointing financial experts that are indepent and free of any prejudice while deciding about the fate of their case. The two executives Habib Al Mulla and Hamdi Al Shiwi were of the view that as the case [...]