If a tenant is subletting without the landlord’s consent, the latter can file a case against them for not abiding by terms of the contract. The tenancy is valid until February 2023. However, the current owner has given 12 months’ notice (for the reason of selling),...

The 365-metre tower will edge out the nearby Gevora Hotel to take the No 1 ranking when it is completed in the fourth quarter of 2023 Construction of Ciel Tower in Dubai — set to be the world’s tallest stand-alone hotel at 365 metres — has reached the halfway stage of...

Brokers say the Cabinet overhaul of the visa residency system will boost the sector amid already strong demand The expected overhaul of the UAE visa residency system will “hugely benefit” the country’s real estate market and bring a “significant influx in buyers”,...

Judges at the Rental Dispute Settlement Committee allow the 12-month eviction notice to be served at any time during the lease. I own an apartment in Dubai, in which I currently live. I plan to leave the city and wish to rent out my property. However, I want the...

It is ideal to finalise the new rent amount closer to the date of lease renewal. If a property is for sale, the tenant can be asked to leave only after the owner gives them a 12-month notice to vacate. Bloomberg My landlord notified me about a rent increase via email...

From start ups to new residents, the world’s fair has an exciting future ahead It has been called the UAE’s first 15-minute city – a cycle-friendly, traffic free suburb of Dubai’s growing metropolis. But who can we expect to see living at Expo’s legacy site when the...

A collection of ultra-prime villas has been launched in Dubai amid strong demand for luxury homes in the city. The Elysian Mansions development is part of the Tilal Al Ghaf project, which is being developed by Majid Al Futtaim, and is located close to Dubai Sports...

First-time buyers, District 2020 also lead demand for residential properties in the emirate The Dubai real estate is expected to continue its golden run post-Expo 2020 as foreign investors are returning to the market to capitalise on investment opportunities in the...

A total of 1,617 real estate and properties transactions were valued at Dh5.4 billion during the week ending July 29, 2021, according to Dubai Land Department (DLD). The DLD weekly report said 88 plots were sold for Dh620.22 million, 1,135 apartments and villas were...

About 54% more apartments and 49% more villas were sold, compared with the second half of last year, Property Finder says. Dubai registered property deals worth Dh61.97 billion ($16.87bn) during the first half of 2021, indicating a broader economic recovery in the...

The emirate has registered 20,989 real estate transactions worth Dh47.19bn this year, according to a new report. Dubai’s property sales transaction value hit a four-year high of Dh11.11 billion ($3.02bn) in May as the economy continues to recover from the coronavirus...

New ownership and visa laws, a business-friendly environment, and highly successful Covid-19 vaccination drive have all helped Dubai retain investor confidence. Favourable interest and mortgage rates, a highly effective Covid-19 vaccination drive, and new visa rules...

Dubai’s property sector has been on a tear, bucking even international trends Amid the flurry of positive news coming out from Dubai’s property sector, Nakheel added some more — in record time, so to speak. The Dubai-based real estate major on Friday announced that it...

Dubai’s real estate sector bucked worldwide trends with a 27 per cent surge in transactions in the first quarter of 2021. Dubai registered 25,455 real estate transactions worth Dh92 billion from January to April 2021 Dubai’s real estate sector rebounded at a record...

The emirate recorded 4,804 property sales worth Dh9.99 billion, the highest number of transactions in the month of Ramadan. The number of transactions in Ramadan 2021 grew by 211 per cent compared to 2020 and 57 per cent compared to 2019. Dubai property market to...

There are nine main supporting factors that have contributed to the growth of the value of real estate transactions in Dubai during the first quarter of 2021, increasing 44 per cent on an annual basis, according to the chairman of brokerage W Capital. According to...

Supply of new residential units in Dubai is going strong even during the Covid-19 pandemic with nearly 10,500 residential units handed over in Dubai during the first quarter 2021. According to a study by real estate consultancy Core, an additional 26,500 units are...

People prepared to pay more because there is a lack of stock, and it’s becoming a trend. Dubai’s property market is running low on inventory as buyers currently outnumber sellers in popular areas of the emirate. A study by global real estate consultancy Colliers said...

According to realty experts, the residential property market has been buoyant and it most likely to continue on this track for this year Dubai’s real estate sector continued to show buoyancy in March 2021 by registering a big upswing in sales transactions to 4,643...

Buyers signing on dotted line a lot quicker than they previously would have on fear of missing out on a property they like Is Dubai’s realty sector making a dramatic transition to a seller’s market despite the lingering headwinds of the pandemic-induced economic...

Transactions in February were 15.6 per cent more than the previous month in terms of volume and 10.2 per cent more in terms of value The Dubai residential sector recorded 3,814 transactions worth Dh7.43 billion in February 2021. The month also recorded the highest...

Dubai’s real estate market saw deals worth Dh6.74 billion in January, 2021 – this is up 37 per cent from the same period last year. Dubai: Dubai’s real estate market saw deals worth Dh6.74 billion in January, 2021 – this is up 37 per cent from the same period last...

Developer Emaar Properties reported on Sunday a nearly 58 per cent drop in net profit to Dh2.6 billion in 2020 as against a profit of Dh6.2 billion in 2019, and said it saw “a world of opportunities” in 2021. The developer of Burj Khalifa, the world’s tallest...

The top three areas in terms of sales volume were MBR City, Downtown Dubai, and Palm Jumeirah Dubai’s prime residential market recorded Dh29.54 billion worth of transactions in 2020 notwithstanding the challenges posed by the pandemic. Last year, transactions of more...

In December, Dubai recorded 3,751 transactions worth Dh7.50 billion, the 10th edition of Mo’asher, Dubai’s official sales price index launched by DLD in cooperation with Property Finder, shows A spike in property transactions in December lifted Dubai’s annual real...

Strong sales performance in Q4 paves way for a solid start in 2021 as investors are back in the market Dubai real estate looks set to stage a strong rebound this year following solid performance in fourth quarter of 2020 due to the government’s policy initiatives and...

A timeshare is a property with a divided form of ownership that is usually used for holidays and vacations. Experts in the travel and tourism sector have said the new regulations for the timeshare business model could eventually protect residents from ‘timeshare...

Lots of space and all-year round butler and chef come with package. Another Palm property lands another Dh1 million plus deal. The super-luxury home options on the island are getting a lot of attention, with some of these fetching record rental rates despite the...

The Uptown Tower will eventually take its place among Dubai’s next set of super-tall structures. Uptown Dubai will eventually soar to 340m and feature a hotel, residences and offices Dubai: The Uptown Tower, which will be among Dubai’s next lot of super-tall...

Property transactions’ continued rise a significant sign market is rebounding fast. The Dubai Land Department (DLD) recorded a total of 3,395 sales transactions worth Dh6.93 billion In October 2020, bringing the year-to-date total to 27,815 transactions worth Dh57.43...

It is the perfect time for people who want a spacious place for good money’s worth to repack their apartment and move to a bigger place. Dubailand and its suburbs are the most popular areas where Dubai residents are moving to, according to online...

Landlords seek single cheque with demand rising for villas/townhouses as tenants look for larger spaces to comfortably work from home. The number of tenants in Dubai wanting to pay their rent in one single cheque has increased while those making payments in two, three...

New changes to the companies’ law will liberalise the UAE’s economy further and boost its competitive advantage. Victor Besa / The National The changes to ownership laws being introduced across the UAE have received a warm welcome from the business community, who...

The company plans to launch 40 to 50 new projects next year as it eyes a public offering, CEO says Azizi Developments plans to spend Dh7 billion ($1.9bn) on 40 to 50 new projects next year, buoyed by the upcoming Expo2020 and a market rebound in the wake of a Covid-19...

The pandemic has changed preferences from living to shopping as people choose bigger and more open spaces to live in and increasingly adopt e-commerce as a preferred means to shop and dine. Property prices continued to decline in Dubai and Abu Dhabi in the third...

According to JLL’s Global Real Estate Transparency Index, Dubai is one of the “global top improvers” with a host of government initiatives and enhanced regulatory procedures Favourable bank rates and dropping prices have meant that investors are once more looking to...

Dubai skyline and city Dubai: The annual report published by the Dubai Land Department in November 2020 showed that Indians and Emiratis led the investment in real estate in 2019. While Indians were highest in terms of the number of individual investors, while...

Cityscape’s Real Estate Summit began today, November 16, at the World Trade Centre in Dubai. This year’s edition of Cityscape was co-created with regional real estate industry stakeholders, to provide a business-to-business meeting place and knowledge sharing...

The developer said booked sales for the period stood at Dh1.6 billion against Dh2.4 billion for the similar period last year. Net loss for the period was Dh931 million, compared to Dh133 million for the same 2019 period. Gross profits stood at Dh828 million compared...

Luxury Dubai-based developer Omniyat has reported an increase in sales transactions over the past three months despite the impact of the coronavirus pandemic. Mahdi Amjad, founder and executive chairman of Omniyat, hailed the “trust of international investors” as he...

The studies, released on the eve of UN World Cities Day, projected strong, positive and faster growth prospects for the emirate and also rated the city among the world’s top 10 to live in 2021. While commenting on its city governance and real estate in a post-Covid-19...

It’s time to announce the winners of our Agency of the Month awards in Dubai. For October 2020, we’re delighted to reveal that Luxfolio Real Estate wins the award for the best property agency in Dubai! Matthew Metaxas, Leasing Agent at Luxfolio Real Estate, was...