In a bid to improve efficiency in the market, Dubai’s government last week announced plans for the Real Estate Self Transaction (REST), an online platform that will allow real estate trading transactions to be transactions to be conducted anywhere and anytime, with multiple parties.
Property
Downtown Dubai
Video: Why now is the right time to invest in Dubai property
Joanne Phillips, general manager of the mortgage division at Holborn Assets, says now is a great time to buy in Dubai. But she warns: “It’s a very difficult market to predict. People have been saying we’ve bottomed out for the last six months, but honestly we still don’t know where the bottom is. There has been a lot of off-plan activity that has perhaps given an impression of a booming market, but that has been driven by aggressive pricing, good payment plans and so on.”
Dubai property market
Video: How Zoom Property, Dubai’s new property portal, plans to grow in a busy market
There’s a new property portal on the market, Zoom Property. What’s unique about it and is there even room in the market for such a venture?
affordable housing
10 well-designed social housing projects from around the world – in pictures
At a recent roundtable held by Middle East Architect at Cosentino’s showroom in Dubai Design District, various architects discussed the region’s need for a new residential typology that would classify as social housing. And while traditional forms of social housing haven’t been particularly explored in the GCC, HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Dubai Executive Council, recently instructed municipality officials to work on housing plans to meet the needs of the UAE’s citizens. Municipality officials were instructed to coordinate with relevant authorities to devise the plan.
abu dhabi property market
Three reasions why Abu Dhabi commercial rents remain soft
Good deals are to be had in retail, office and industrial space, according to real estate experts Core Savills
Arjan Residences
Five things to know about Dubai real estate projects completing in 2018
The city’s latest building boom is resulting in a number of projects that will be handed over this year
Emirates REIT
Equitativa Advances Gulf Region’s Shari’ah Compliant REITs
Brand View: Introduction of REIT regulation signaled a new era of professionalisation of the real estate investments in the region
Dubai
Omar Chihane: the man who disrupted property investment
SellAnyHome.com was launched in August this year by the firm’s CEO, Omar Chihane, who is already revolutionising the way investors purchase property
Gulf Sotheby's International Realty
Inside a $15m mansion in Oman
A mountain backdrop and lush gardens is what makes this Muscat property so attractive
Dubai
What $3.8m will buy you in Dubailand
A six bedroom family villa features an elevator, large swimming pool and glass-stained ceiling
Core Savills
Off-plan sales lead the way in Dubai property, report says
Over supply anticipated in the lower end segment, according to Core Savills Dubai Residential Market report – Q3 2017
Dubai
In pictures: Inside a $4.2 million villa in Palm Jumeirah
This four bedroom, fully furnished villa comes complete with stunning views of the Palm, a private pool and 5,500 sq ft of living space.
Abu Dhabi
Rate of Abu Dhabi property price declines gathers pace in H1
Core Savills report says residential prices in UAE capital are readjusting to more sustainable levels
Eshraq
Abu Dhabi’s Eshraq ‘in advanced talks’ to buy developer Reem
Deal would create the emirate’s second largest listed real estate developer
beach villa
Video: Live like a king inside this $60m Palm Jumeirah villa
The Dubai property boasts 16-seat cinema, chef’s kitchen and indoor pool.
Amlak Finance
Amlak Finance launches fully-owned property development in Mirdiff
Development of 54 villas is scheduled to be completed by Q4 2017
Dubai
Dubai sees uptick in residential sales, units in Q2
Core Savills’ second quarter update points to ‘signs of recovery’ in market