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Dubai property news, real estate market updates, lists of active property buyers and tenants searching for residential property, marketing advice and residential real estate law for owners, investors, sellers, buyers, landlords and tenants.
Dubai property news, real estate market updates, lists of active buyers and tenants searching for residential property, marketing advice and residential real estate law for owners, investors, sellers, buyers, landlords and tenants. Best in market residential property sale or rent deals.
Dubai’s real estate sector has flourished over the years, thanks to its business-friendly environment and the utmost transparency in property transactions. A key player in maintaining this transparency is the Dubai Land Department (DLD), one of the most prominent government entities in the city.
The Dubai Land Department (DLD) has been instrumental in promoting and supporting the growth of the real estate sector in Dubai. The department recently announced ten principles of real estate business ethics to enhance and improve the sector’s overall reliability and efficiency.
Villas and townhouses saw the biggest increase in property value and demand but compared to 2020, there has also been a significant increase in apartment sales as seen below. 2022 is expected to continue this trend. I believe that the real estate market is now maturing in Dubai specifically.
After buying a property, potential end-users have been required to apply for a new 12-month eviction notice to occupy, even if a notice had already been served by the original landlord on a tenant via a Public Notary.
Real Estate News for Owners, Investors, Buyers, Tenants Sign up for our Newsletter, for regular information It is important for us all to stay aware of the current property trends, as well as having an understanding of the current property market
The rental calculator works in accordance with the RERA rental index which is updated yearly (last update: January 2016) and the rental recommendations in the index are valid for all rental properties in Dubai, for the entire year.
Dubai real estate trends: Best areas for villa and apartment investments revealed; off-plan v ready property sales increases, rental yield hits 7.3%. The Dubai real estate sector continues to thrive, with off-plan and secondary/existing properties still seeing significant sales growth.
A landlord can demand the eviction of a tenant prior to the expiry of the tenancy contract by serving notice on the tenant. Note: In recent Court cases, judges have insisted that the Notice must be served by Notary Public or Registered Post so that it is registered at Dubai Court.