Land Department will also regulate the relationship between property owners and tenants RERA will prepare and update policies designed to balance supply and demand and regulate and oversee escrow accounts As per a new law, the Real Estate Regulatory Agency (RERA) in Dubai will be...

A merger would enable both firms to gain greater market share Advisers on the potential merger will be disclosed once they are appointedTechnical, financial, and legal reviews are yet to begin Contracting company Arabtec Holding is in talks with Abu Dhabi-based contractor Trojan Holding about...

Guests will be provided with hotel-grade housekeeping and a range of amenitiesSouth Beach to be the first Emaar property to be listed on the platform Dubai-based developer, Emaar Properties, has announced the launch of ‘Ease by Emaar’, a platform to enable visitors to rent handpicked properties...

Committee to be headed by Sheikh Mohammed’s son and deputy, Maktoum bin MohammedNew panel to aim to avoid duplication of projects and ensure they add value to the economy Dubai’s ruler has announced the creation of a new panel to achieve balance between demand and supply in...

August 30, 2019 Home prices are lower than five years ago, but hope remains that the capital growth will return in the long term Affluent buyers will find it easiest to cut a deal for a slice of...

Despite still low volumes, more secondary market deals show value gainsDubai: Dubai’s property market is throwing up all sorts of numbers and trends, even some that are seemingly at odds with one another Aditi Hariharan, Senior Consultant at the property services firm Cavendish Maxwell,...

India was the biggest source market during the period with 997,000 visitorsRoom inventory increased 6% to reach 118,345 at the end of JuneAverage occupancy for the Dubai’s hotels stood at 76% Dubai welcomed 836 million international overnight visitors in the first six months of 2019, recording a 3%...

IHS Markit Dubai Economy Tracker Index records 552 in July versus 584 in JuneEmployment numbers remained largely unchanged compared to JuneExpectations for business activity over the next 12 months were high at the start of H2 2019 Business activity in Dubai’s non-oil private sector...

First half sales in 2019 at AED 94 billion, up 52% from a year agoNet profit during the period declines to AED 31 billion on higher costs Emaar Properties recorded sales for the first half of 2019 at AED 94 billion, up 52% from the...

Manzili matches prospective buyers with suitable properties based on their savings and budgetsOne can search for options by developer, location, property type or project status The Dubai Land Department (DLD) has introduced Manzili, an online calculator that matches prospective buyers with suitable properties based on their...

Initiative aimed to increase transparency, streamline property transaction processes and reduce transaction timeStrategy to provide support to property buyers and attract foreign investors With the aim of providing further support for real estate investors and encouraging foreign investor participation, the Dubai Land Department (DLD)...

Average apartment prices in Dubai declined 151% in Q2 2019 from Q2 2018, and villa/townhouse prices declined by 147% during the same period   Rental declines for apartments in Dubai averaged 125% and rents for villas/ townhouses similarly fell 126% in Q2 Average apartment prices in Dubai declined 151% in Q2 2019 from Q2 2018, and villa/townhouse prices declined by 147% during the same period   Rental declines for apartments in Dubai averaged 125% and rents for villas/ townhouses similarly fell 126% in Q2...