All in Investors
Dubai's property market became more competitive globally, as prime residential property capital values declined 3 per cent in the first half of 2020, while Seoul recorded the biggest price rise in the same period, Savills said.
Despite the global pandemic, Dubai has seen āimpressive levelsā of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week.
The Dubai Land Department introduced a new service that links real estate owners with brokers to help them sell or rent their property, with the aim of improving communication, reducing complaints and boosting transactions.
UAE Tenants take advantage of Lower Rents and Sales Prices to upgrade their homes
Dubai district cooling provider Emicool extends 3-month cost-relief for tenants. Other such service providers could also join in offering much needed savings.
Property transaction levels in Dubai in June hit what was previously recorded in February, setting a foundation for recovery of the local property sector for the second-half of 2020.
Dubai-based Union Properties has revealed plans to launch its new Motor City Hills project which will include 195 villas, 490 townhouses and six areas of commercial land. The 2.9 million square foot development has been announced following the conclusion of the developerās three-year āStrategic Blueprint Planā.
Arabian Ranches has claimed the top spot among buyers and investors interested in ready villas in Dubai in the first-half 2020, followed by Palm Jumeirah and The Villa.
Dubai may have been hit the hardest by the fall in property prices across the UAE, but Azizi Developments based in the emirate is forging ahead with construction projects worth AED 3.5 billion ($950 million) over the next three years.
One of the first freehold housing communities in Dubai, The Greens has always been a favourite of homebuyers and tenants alike. Its accessibility, plentiful amenities and lush landscaped gardens are just among the key facets that have made The Greens one of Dubaiās most prestigious neighbourhoods.