Dubai Land Department (DLD) has announced that the total amount of real estate transactions recorded in the emirate in the first six months of 2015 reached Dh129 billion ($35 billion). This is over 15 per cent more than the Dh113bn in transactions recorded in the same half of last year.   A financial report issued Read More...

Dubai’s tighter property rules aimed at preventing a housing bubble are the main cause of a slowdown in the emirate’s real estate sector rather than a sustained drop in oil prices, industry experts said.   Dubai has a low reliance on oil despite hydrocarbons providing three-quarters of the United Arab Emirates’ consolidated revenue in 2014, Read More...

3 years back I bought an apartment in Abu Dhabi and now have AED 1.8 Million outstanding amount, I feel that I am paying higher interest rate to my current lender, can I switch my mortgage to another bank and what are the costs?     Yes, surely it would be a smart decision to Read More...