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Monthly Archives: October 2018

UAE residents turning towards buying rather than renting

Arabian Business, 30 October, 2018

Half of those polled in a recent Property Finder sentiment survey purchased a home in the last six months because they felt it was financially smarter than renting, the real estate portal announced on Tuesday.

Additionally, …

Certified staff are key to managing residential towers

Khaleej Times, 30 October, 2018

Lately, there is a flurry of activity across Dubai’s property landscape. The city’s residents and investors are benefiting from the declining property prices and the resulting incentives on offer and moving to cost-effective neighbourhoods of …

It’s a mismatch: supply forecasts versus actual deliveries

Gulf News, 29 October, 2018

In Dubai’s property market, one trend has been consistent over the last few years: the significant mismatch between actual deliveries and annual supply forecasts. Realisation rates (the ratio of delivered units to announced units) have …

Abu Dhabi property rents, sales prices continue to fall in Q3

Arabian Business, 29 October, 2018

An estimated 3,200 residential units have been handed over across investment zones in Abu Dhabi during the third quarter, according to a new report.

Cavendish Maxwell said in its Q3 2018 Abu Dhabi Market Report that …

Short-term lease for smart investors in Dubai

Gulfnews,28 October, 2018

While a change in government policy in 2016 has opened the lucrative short-term holiday home market to private homeowners, it has also led to a surge in holiday home management companies such as Frank Porter and bnbme …

The rise of REITs all around the Gulf region

Arabian Business, 28 October, 2018

The Gulf Cooperation Council (GCC) has witnessed significant growth in the number of real estate investment trusts (REITs) across the region, with over seven publicly listed REITs established to date.

Since 2006, regulations have permitted REITs …

Abu Dhabi Police warned residents of rental frauds

Abu Dhabi: The Abu Dhabi Police on Saturday warned residents of dangers of real estate frauds on social networking sites where scamsters lure people with heavily discounted properties.

A number of people were arrested recently for cheating residents in real …

Dubai property broker expands ops after $430m sales

Arabian Business, 26 October, 2018

Dubai real estate brokerage fam Properties has announced expansion plans after topping AED1.59 billion ($430 million) in sales this year.

Firas Al Msaddi, CEO of fäm Properties, said that a five-year lease has been agreed with …

New body to resolve rental disputes in Abu Dhabi

Gulf News, 26 October,2018

Abu Dhabi: Rental dispute settlement committees have started handling cases between landlords and tenants in Abu Dhabi after the new system was announced earlier this month.

Under the new system, landlords with a tenancy contract registered with …