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Private developers dominate ready housing market in Dubai

Private developers dominate ready housing market in Dubai

Private developers dominate ready housing market in Dubai Government-sponsored developers have seen a systematic decline of market share in transactional activity A large portion of Nakheel’s portfolio has been in the mid-income housing market in Dubai with projects such as International City and Discovery Gardens. As the housing market in Dubai continues to grow, options […]

Apartment-villa price gap narrows in Dubai

Apartment-villa price gap narrows in Dubai

Apartment-villa price gap narrows in Dubai This is due to the entry of lower-priced villa/townhouse inventory into the market The gap between apartment and villa/townhouse prices is narrowing in Dubai, says consultancy Cavendish Maxwell. The first quarter of Q1 2017 marked the entry of lower priced villa/townhouse inventory into the market, taking the average trading […]

Property owners eyeing an exit find it tough going in Dubai

Property owners eyeing an exit find it tough going in Dubai

Property owners eyeing an exit find it tough going in Dubai Developers with their incentive-packed offers pick up nearly all buying activity Property owners in Dubai better are willing to cut their asking prices if they want to sell. If not, they are staring at future disappointments. With off-plan sales from developers overwhelming demand in […]

More supply to weigh on Dubai house rents in Q1 of 2018

More supply to weigh on Dubai house rents in Q1 of 2018

More supply to weigh on Dubai house rents in Q1 of 2018 Tenants are moving within the same community to better buildings as well as migrating to communities with better infrastructure During 2017, residential rents declined at a faster pace than prices, resulting in yield compression in most communities. Primarily, new project handovers have impacted […]

House prices expected to rise ahead of Expo 2020

House prices expected to rise ahead of Expo 2020

House prices expected to rise ahead of Expo 2020 With Dubai house prices at around three-year lows and expected to rise ahead of Expo 2020, now could be the ideal moment to get onto the UAE property ladder. Deciding where to invest and what type of property to buy can be confusing, so we at […]

Watch out for indirect VAT costs on property deals

Watch out for indirect VAT costs on property deals

Watch out for indirect VAT costs on property deals As per VAT regulations, developers enjoy a zero rate on all residential sales within three years of completion of a project. Those waiting for prices to bottom out will be wise to defer your decision no longer With value added tax (VAT) kicking in today, end-users […]

VAT could impact property market in 2018

VAT could impact property market in 2018

VAT could impact property market in 2018, increase costs, JLL says Residential prices dipped in 2017, but Dubai off-plan sales rose to highest level since 2008 Off-plan residential sales in Dubai last year were at their highest level since the 2008 financial crisis, with their share of total transactions rising to 60 per cent in […]