All in Tenants
Dubai Tenants Turn into Home Owners. 91% of new real estate purchases made by first-time buyers.
A large number of Gulf-based expats are looking to move in the next 12 months due to the coronavirus pandemic, with value-for-money their main priority when seeking a new property.
A 10-year "rent-to-own" scheme at in Dubai South.
The pandemic outbreak and the ensuing lockdown have started to influence lifestyle changes and real estate preferences, with buyers increasingly looking for spacious apartments or detached houses with gardens.
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.
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.
Property sales for whole month of June up 60%, driven by low interest rates prices. Low interest rates and falling prices have convinced a number of property buyers to swing back into action after Dubai ended its lockdown.
In its latest market analysis, Asteco, a real estate consultancy firm, cautioned against a rise in the repatriation of expatriates, as well as an increase in tenants downsizing, which could both have a negative impact on demand for accommodation.