Your quick guide for a first-time home purchase, what are the costs involved in securing a mortgage? What are the different charges one has to pay? Well, on top of the lending amount, there are certain miscellaneous charges which the buyer need to keep in mind while securing a mortgage in Dubai. 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...
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...
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...
The future builds on the foundation of the past. Well, the same has been demonstrated in 2015 and would be chronic in upcoming years, as certain regulations which were restructured in the past by the regulators have started coming into effect. However, the fundamentals remain strong with the healthy market correction and this 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 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...
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...