Common questions when leasing out your property as a holiday home
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City named one of the world’s best cities for travellers to visit
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Private players await market upturn and directions from Higher Committee for next steps
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Dubai's apartment prices declined 16.5%; villa prices fell 15%; rents dropped 12% to 15% between Q3 2018 and 2019
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Expansion plans include tapping new source markets, growing Ellington's hospitality and rental portfolio
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The pool of middle and lower-income buyers is much larger and should, therefore, be the focus for developers in Dubai
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The early settlement fee for mortgages has been reduced to just 1 percent on the outstanding mortgage amount or AED10,000 – whichever is less.
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The rent-to-own schemes, post-handover payment plans, instalment options and fee waivers enticing buyers to get on the property ladder
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Vilanova and Dubai South are the most popular areas in Dubai in 2019
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Registered homeowners in Dubai may fill in forms and submit credentials to RERA
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A steady but slow return to vibrancy is also discernable across the market, which is reflected in the Dubai Land Department's (DLD) report
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Property bargains: Homes priced under AED 1m get lion's share of sales
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