The new laws coupled with the massive advertising platform in the form of Expo 2020 is expected to dispel dated notions of the city globally and further promote Dubai as a major tourism destination, potentially translating to increased economic output, population and employment growth, further increasing residential demand and consequently investor interest in the sector.”. “We have already seen an initial rebound in home prices from the lows of the summer,” said Nick Grassick, Managing Director of property broker PH Real Estate, speaking about the resale market in limited, established areas. 3rd December 2015. CurrentRequestUnmodified: /apps/pbcs.dll/section?category=listing&profile=1046 Latest; Featured posts; Most popular; 7 days popular; By review score; Random; Dubai Real Estate News. However, transactions for the year to September 2020 are down 16.5 per cent compared to the same period a year earlier. “As a result of sellers’ reluctance to sell at lower prices, there is a limit to the number of homes being marketed.” At the same time, he added, buyers realise that homes are being marketed at record low prices and fear an imminent price increase. This website stores cookies on your computer. Known for its skyscrapers and largest projects of the world, Dubai never disappoints in terms of Real Estate Investment. The Decree No. 16 October 2020 Five things to consider if you are thinking of buying a Dubai home in 2020 … “In the short term, investor sentiment is still expected to drive the overall transaction volumes,” Varghese added. Read top stories and see daily property industry updates. The apartment rental market in Dubai has been seeing a significant rise and fall depending on the types being looked at. After the mortgage cap was introduced in 2013, we saw an immediate decline in prices. Real estate: New Dubai law issued for cancelled and unfinished projects Varun Godinho. Earlier this month several sharia-linked laws were also relaxed, improving personal freedoms for residents: unmarried couples can now live together, and expats’ home country laws apply to inheritances and family issues. Conservative estimates peg capital appreciation in Dubai’s residential market to take at least three years.”. When it comes to find the ideal sector to invest in, real estate sector emerges out as the best option for investors. real estate Random . Dubai's top areas for house sales and rents: The real estate industry in Dubai is showing some new trends this year. 19 of 2020 concerning Dubai Interim Registration Law Law No. Dubai Real Estate. Stimulus packages totalling 18 per cent of GDP have helped the economy, which has rebounded in fits and starts. macro_action: section, The government didn’t see any other way than to introduce a mortgage cap, to cool the strongly growing market. One of the first Dubai real estate news updates in Jan 2020 was the enactment of the DIFC leasing law. real estate UAE's Azizi Developments posts record sales in December. May 16, 2013 by Karuna Singh. The company prides itself on working with the best in class partners with a commitment to building projects of the highest quality, delivered on time, … Search for real estate and find the latest listings of Dubai Property for sale. As [a] government, we advise businesses to … Real Estate Business setup in Freezone Dubai is the best idea to operate business activities because it provides 100% ownership, repatriation of capital and profits, tax exemption, import, and export are duty-… Dubai Real Estate News Dubai Property News. 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