Timely intervention to infuse new funding for projects- When the UAE Central Bank removed a key hurdle that had long limited the ability of banks to fund real estate projects, it also made sure to remain flexible to counter risks of an overheating market. Announced in November, the regulation abolished a ceiling on banks’ Read More...

Dubai’s Land Department is working on a new rental law that will give separate weightage to commercial real estate such as offices, malls, health and educational property, apart from residential. The law, which is in front of the legislative committee, will replace the current one-size-fits-all rental regulation, top officials said.   That could pave the Read More...

  Dubai real estate assets have given a 120 percent return to investors in the ten years since the global financial crisis, according to a new report.   The crisis, caused by a collapse in the US sub-prime mortgage market, saw real estate values fall by more than 50 percent.   Dubai was not immune Read More...

Real estate related transactions in Dubai totalled Dh113 billion for the first half of this year compared with Dh129 billion a year ago.   Business Bay was the most heavily transacted location, accounting for 1,643 units and with a combined value of Dh2.34 billion, figures released by Dubai Land Department show.   Dubai Marina followed Read More...

Mortgage lenders are getting far more generous with their disbursal, signing off on Dh3.8 billion in May and up from April’s Dh2.5 billion on property deals in Dubai. These numbers in turn suggest that end users remain quite active in generating transactions and that prospects of the property market do not hinge on cash-ready investors Read More...

  In the first quarter of 2016 Dubai recorded AED 54,782 billion ($14.9 billion) of real estate transactions , reported on Sunday.     In its quarterly update, the Dubai Land Department (DLD) said that the $14.9 billion of transactions included 8,440 sales and 3,213 mortgage transactions, as well as 915 “other” transactions.     Read More...

  Amid slowing market conditions, government spending cuts and continued oil price decline, a number of realty projects in the UAE won’t be completed as scheduled this year, an industry consultant has said.   Real estate investment and advisory firm JLL estimated that the delivery of some 18,200 residential units in Dubai won’t come as Read More...

  Dubai Land Department’s released its annual report on Saturday, and it showed real estate transactions recorded in the emirate last year exceeded Dh267 billion.   The report showed an 8 per cent increase compared to last year with 63719 total transactions.   Sultan Butti Bin Merjen, Director General of DLD, said: “These quarterly reports Read More...

  The US Fed may have raised the base rate, but it’s not by a margin to start hurting UAE’s mortgage takers. A 0.25 per cent increase is something they can take in their stride. And continue to do so as long as the US Federal Reserve keeps hiking its interest rate only by a Read More...

The Dubai Land Department has introduced a feature that will allow transaction fees to be paid online. The e-Payment initiative will be cost-effective for the departments and its customers, especially since customers will not need to visit the department’s offices to pay the fees.   “This initiative will contribute to raising the capacity of the Read More...