In just 7 months, the value of real estate sales transactions has surpassed 2020.
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The change will come into effect at 4:00 a.m. (0300 GMT) on Sunday 08.08.2021
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Both Dubai and Abu Dhabi are now cheaper for expatriates.
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Due to the nature of short-term rentals and seasonality, returns vary month to month.
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63.7 % of sales transactions were in the secondary/ready market and 36.3% in off-plan.
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Softer property values and currency benefits compared to 2015 work investors' favour.
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The average mortgage amount rose 24% from H2-2020.
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How the rental market in Dubai is moving towards a short-term, on-demand model — and what that could mean for investors.
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District One has now become an address due to its ‘liveable’ factor, the lifestyle is luxurious, the ambience cosmopolitan, and the construction is a class apart.
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Property prices reached $251.6 per sqft in June, the highest recorded in two years, mainly for completed villas in traditionally sought-after communities.
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Dubai villa prices sustained an upward trend during the second quarter of 2021
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Expo 2020 Dubai later this year is expected to kick start tourism and lift up employment and infrastructural growth.
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