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COVID-19: No better time for UAE expats to enter the real estate market
Dubai: Real estate is an asset class that was beaten down big in the aftermath of the pandemic. Experts now forecast that it will make a comeback but with a slight lag. But what does this mean for investors and buyers? With the current pandemic backdrop, it has been widely recommended that those who are…
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Real estate should extend a hand to all those new-age technologies
The real estate industry has expanded its digital capabilities, incorporated more innovations across the value chain, and promoted the broader application of tech. No matter how you look at it, change is happening right now – and technology is revolutionising the way businesses operate. The real estate industry is focused on creating a thriving tech…
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Where is Dubai’s real estate sector headed next?
Covid-19 has caused significant disruption across all real estate sectors in 2020 with owners and occupiers having to make necessary adjustments to business operations in response to the statutory restrictions on capacity and mobility. It remains unknown whether the pandemic will result in structural shifts for residential and commercial real estate. In the short-term, cash…
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Dubai’s real estate sector records transactions worth Dh72.5 billion in H1 2020
Dubai: Dubai’s real estate market witnessed transactions worth Dh72.5 billion in the first half of 2020, despite the impact of the global COVID-19 outbreak, according to a report issued by the Dubai Land Department (DLD). The figures indicate that Dubai’s real estate sector is gradually returning to normal, driven by the stimulus packages and initiatives…
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The UAE-Israel historic peace treaty sparks positive sentiments and investment hopes in real estate
Despite a downward trend in property prices, sentiments in Dubai’s real estate sector are high owing to the recent developments in UAE-Israel relationships and pent-up demand over the last few months leading to an uptick in sales. The historic UAE-Israel peace deal was signed in Washington yesterday and this will play a positive role in…
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Diversify your property portfolio to get a retirement visa in Dubai
Compared to Portugal, Cyprus and Australia, Dubai offers better returns and a great life Last week His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai launched the five-year “Retirement in Dubai” programme, a first-of-its kind partnership between Dubai Tourism and the General Administration of Residency…
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Live on the water’s edge in Dubai’s beachfront communities
This might be the right time for you to move into Dubai Marina, JBR and The Palm Waking up to the sounds of the waves and enjoying uninterrupted views of the ocean is a privilege for many. Whether it’s the stunning Dubai Marina views or the island life on Palm Jumeirah or living in a…
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Dubai records Dh36b in property sales in first seven months of 2020
Shift is for larger units with outdoor space as COVID-19 tweaks buyer choices Dubai: Property transactions in Dubai recorded Dh36.99 billion in the first seven months from 18,168 deals, according to the Land Department. In July, with the market seeing a return in buying activity, there were 2,404 transactions and valued at Dh4.69 billion. As…
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Buyers can now move from stalled projects to ready houses in Dubai
Developer-investors are coming up with alternate projects with imminent handovers Dubai: For property owners in Dubai who find their funds are stuck in stalled or delayed projects, there is ready help at hand. GVG Real Estate Development recently confirmed that such investors will be given options to transfer the ownership rights to projects that are…
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Now do your property valuation services in Dubai within 15 seconds
Dubai: Dubai real estate’s experiments with Artificial Intelligence in reaching key milestones. The Land Department has just announced the completion of the first stage of a project that relies on AI in the ‘smart’ valuation of real estate units. The Land Department expects the project to help reduce the implementation time of valuation services to…