Off-plan property owners are starting to get deferments on their upcoming instalments, as more developers in Dubai realise they need to offer some give-and-take after the COVID-19 imposed difficulties on buyers.
All in Off-Plan Sales
'My newly purchased apartment is full of flaws. How do I resolve this?'
The Real Estate Regulatory Agency is responsible for regulating and inspecting the management and maintenance of common areas of jointly owned real estate property.
Bargain Opportunities in Dubai Property
Dubai’s real estate market has been reeling from the effects of a slowing economy and oversupply of residential units. Even as the market tries to fight this double-whammy, there’s hope on the horizon.
New committee to streamline Real Estate Development
A Higher Real Estate Planning Committee has been established in Dubai to bring about a right balance between supply and demand, avoid launching similar real estate projects and ensure projects add real value to the national economy.
Expected Off-Plan Handovers 2019-2022
The significant increase of units handed-over in 2019 will result in the supply of rented accommodation and properties for sale being greater than the level of demand from tenants and buyers. Therefore, in most areas the rents achieved and sold prices are likely to decrease for the short-term.