I own a villa in Dubai which is still on mortgage and I am moving to Canada with my family and I don’t want to sell my property. Can I continue to pay the mortgage as usual or the terms will change? Kindly advice, what should I do. This is a very common question 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...
If you are new to Dubai then don’t forget to try the navigation app Makani Dubai. Since Dubai does not have any traditional address structure it is difficult to find the location but with the new app hope you will never get misplaced! In order to develop navigation over the residential areas Read More...
Dubai will complete an estimated AED301 billion ($82 billion) worth of projects in the areas of housing, entertainment and infrastructure by 2020, a new report has said. These large scale developments will create immediate demand in the work force, reducing the current occupancy rates of housing stock, said Reidin’s report entitled Dubai: Tomorrowland. Read More...
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...
I am planning to buy an off plan property in Dubai, Does banks mortgage off plan properties? What are the eligibility criteria and what is the maximum Loan-to-value I can get? Yes, the bank do finance for off-plan projects, however only few banks are offering such facility to the clients. Even under Islamic funding this product Read More...
Regardless of how much you earn or which type of house you looking for, the first question likely to come in your mind while shopping- “How much you can afford?” And the answer to this depends on numerous factors including savings, income, personal favorites, your location, and most importantly the buying plan. It’s always Read More...
Dubai is looming as an international destination for overseas investors. Modern infrastructure, political stability, a cosmopolitan environment, consistently strong economic outlook and a major tourist destination are amidst many contributing factors that entice investors. As per the recent report from the Dubai Land Department, foreign buyers from 123 nationalities invested estimated Dh12 billion of Read More...