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.
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Dubai-based Union Properties - Plans for Motor City Hills
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 developer’s three-year ‘Strategic Blueprint Plan’.
Dubai developer sees demand returning, but oversupply must be addressed
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.
The Greens Still Is One Of Dubai’s Most Preferred Communities
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 Dubai’s most prestigious neighbourhoods.
Dubai launches fractional Title Deeds - lowering investment threshold.
The Dubai Land Department introduced a fractional title deed programme this week to boost the emirate’s hospitality industry and offer cheaper options to small property investors. An investor will be able to buy up to half or a quarter of a hotel or serviced apartment under the new initiative.
Real to Virtual: Buying And Selling Property Online
The process of buying, renting or selling property is still largely conducted offline, but as the coronavirus pandemic has restricted movement, demand for a distanced approach to finding property is on the rise, paving the way for greater digitisation in the sector.
Dubai Property Market Set For V-Shaped Recovery
Strong June transactions lay foundation for rebound; more units being sold. Real estate sale transactions in Dubai jumped by 60 per cent month-on-month in June 2020 signalling patterns of a V-shaped recovery, according to developers and property experts.
Where Are Dubai Investors Buying Properties?
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.
Experts Predict 'Steep' Drop In Dubai Residential Prices
Dubai’s economy will likely suffer a “significant shock” this year as the coronavirus pandemic and its consequences weigh on most sectors in the Middle East’s business hub, according to S&P Global Ratings.
How Dubai Metro's Route 2020 Will Impact Property Prices, Rents
Property prices and rentals around areas connected to Dubai Metro's Route 2020 will be more resilient compared to the wider market, according to property analysts and industry executives. They believe that rates will rise in the medium to long term but not in the short term due to oversupply in the market.
