500,000 residential units have registered so far on the ‘Ejar’ system
Property Market
Entrepreneur
Entrepreneur of the Week: Sellanyhome.com’s Omar Chihane
The CEO of the online platform aims to connect sellers and buyers to ultimately increase both market entrants and property value
Ajman
Property rents, sales prices fall in Sharjah, Ajman
Statistics from dubizzle Property suggest that an oversupply of units is creating a more competitive and affordable market.
Ajman
Revealed: the cheapest place to rent in the UAE
Apartment prices average AED30 per sq ft and AED22 per sq ft for villas in Ajman
Dubai property
VAT to have minimal impact on rents, says Propertyfinder
Propertyfinder Group says there is still confusion about residential and commercial building VAT exemptions
London
Opportunities lurk in the UK for keen investors
A pound well off highs before the Brexit vote presents new financing options for HNW individuals, according to independent brokerage Enness
Property Market
Oversupply fears continue to depress Abu Dhabi apartment prices
Chestertons report reveals average 3% price slump during second quarter of 2017
London
MidEast buyers snap up 40% of Bahrain-backed London scheme
Paddington Gardens is being developed by Meritas Real Estate and Bahrain’s Ahli United Bank
cheque
Dubai landlords accept monthly rent cheques as market changes
Two- to four-cheque payment plans remain more common, says Cavendish Maxwell
Property Market
Dubai residential rents drop 3% during Q2 – report
Averages sale prices in Business Bay witnessing the biggest fall of 5%
Dubai property prices
Emaar and Sobha forced to close stands at Cityscape Jeddah
Officials thought to have taped off the Dubai developers’ stands to prevent them from striking any off-plan deals with Saudi investors
Property Market
Dubai real estate market will peak in 2015, says property boss
Tasweek CEO believes prices will plateau, unlike the dramatic surge and plunge seen in 2008, 2009
Property Market
Unqualified valuers inflating Dubai property prices – analysts
Real estate experts warn developers use of different measuring systems is creating price discrepancies of up to 25%