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Property Monitor
23 July 2019

Dubai Land Department launches online calculator Manzili

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...
17 July 2019

Dubai Land Department announces ‘Real Estate Lawyer’ initiative

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)...
15 July 2019

Challenging market conditions continue in Q2 2019: Cavendish Maxwell UAE Property Market Report

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 2019 from a year agoOff-plan transfers...
11 July 2019

Dubai house price declines 15.3% annually in June 2019: Property Monitor House Price Index

House price declined 16% month-on-monthAverage house price now AED 246 millionApartment transfers decreased 11% annually in H1 2019 Real estate data platform Property Monitor has released its Dubai House Price Index for June 2019 The index has been tracking the prices of a selection...
7 July 2019

Sobha Realty launches One Park Avenue residential tower in Dubai

G24-floor building will include 403 one-to four-bedroom apartmentsHandover of units is scheduled for April 2023Project seeks to “reimagine new-age living through a sustainable lens” Developer Sobha Realty has announced the newest addition to its Sobha Hartland development in Mohammed Bin Rashid Al Maktoum City in Dubai – the...
3 July 2019

Dubai Land Department launches new investment products for Dubai’s real estate market

Products include collective real estate investment funds, partial title deed procedures to register units owned by multiple partners, a lease-to-own system and investment portfolio applicationsDubai Land Department (DLD) also approved a special office to facilitate and unify all registration and follow-up procedures for this project ...
23 June 2019

AED 2 billion plan to improve Dubai-Al Ain road links approved

Upgrade to lead to doubling of lanes in each direction over a 17km sectorCapacity of road to be enhanced from 6,000 to 12,000 vehicles per hourTransit time from Emirates Road interchange to Oud Metha Street to be halved An AED 2 billion plan to upgrade...
13 June 2019

Dubai house price declines by 14.5% annually in May 2019: Property Monitor House Price Index

House price declined 15% month-on-monthAverage house price now AED 25 millionApartment prices remain stable month-on-month Real estate data platform Property Monitor has released its Dubai House Price Index for May 2019 The index has been tracking the prices of a selection of properties since...
2 June 2019

New permanent residency scheme launched to boost foreign investment and bring in talent to the UAE

His Highness Sheikh Mohammed bin Rashid al Maktoum, Prime Minister of the UAE and Ruler of Dubai, has announced a new permanent residency scheme for residents in the UAE The new “Golden Card” scheme will initially grant 6,800 select investors whose total investments exceed AED100 billion In...
29 May 2019

Kuwait’s retail sector remains robust, bucking regional trend: Kuwait Property Market Report by Cavendish Maxwell

Report gives sector-level analysis across residential, retail, office, industrial and hospitality propertyIncludes pricing research and analysis of real estate trends in Kuwait in 2018 and 2019Key projects and master developments as part of New Kuwait 2035 Plan Cavendish Maxwell, a leading property consultancy and...
23 May 2019

New construction contracts awarded for major projects in Abu Dhabi and Dubai

GCC awarded construction contract for Abu Dhabi’s Jubail Island mega-projectJubail Island to feature more than 800 residential propertiesArabtec awarded contract for the construction of 322 villas in Dubailand Jubail Island Investment Company (JIIC) has appointed Gulf Contractors Company (GCC) to prepare Jubail Island for...
20 May 2019

Rise in holiday home and short-term rentals prompts new ventures in Dubai

Dubai Asset Management enters partnership with HiGuests to take advantage of favourable market conditionsReport reveals holiday homes account for 2% of total households in DubaiGrowth in sector estimated for Expo and post-Expo periods until 2025 HiGuests, a Dubai-based start-up specialising in managing short-term property...
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