Dubai Property Prices Tumble

February 22, 2019 UAE Business 0

The Dubai real estate market has and continues to attract a lot of foreign investment, with Pakistanis, British, Jordanians, and Indians accounting for about a third of total investments in the first 11 months of 2018. Of the Dh 62 billion investments made within these eleven months of 2018, Emiratis topped among the GCC investors in the Dubai real estate market accounting for Dh11.5 billion, followed by Indians accounting for Dh10.8 billion, British investing in real estate about Dh4.3 billion, Pakistanis with Dh2.8 billion and Jordanians accounting for Dh1.5 billion. Read more

Tariq Al Ghussein, Taqeef Chairman and CEO

Cost over conscience: survey reveals UAE residents prefer ‘chiller free’ despite environmental impact

October 26, 2018 UAE Business 0
  • Taqeef survey reveals 66% of UAE respondents look for chiller free rental options when moving home, with only 10% saying they do not
  • This was highest among families, with 62% of married couples with children state that AC bills are a top three factor in the decision-making process

A survey commissioned by cooling and energy solutions giant Taqeef reveals that 66% of UAE residents look for chiller free options when searching for a home to rent, with only 10% saying they do not. This was highest among families, with 62% of couples with children admitting AC bills were a top three factor in the decision-making process. Read more

Skyline of Downtown Dubai with Burj Khalifa from a Helicopter. 27 May 2015. Author Tim Reckmann.

Investing in Dubai’s Real Estate. A real estate brokerage firm achieved an AED 175-million sales mark for property projects in Dubai.

October 6, 2018 UAE Business 0

Al Basel Real Estate Brokers, a part of the Al Basel Group of Companies, achieved an AED 175-million sales mark for property developer Deyaar’s The Atria, Mont Rose, and Central Park projects in Dubai. Boasting robust partnerships with renowned property firms in Saudi Arabia and Abu Dhabi, the company owed its latest positive performance recorded from January 2016 up to July 2018 to the robust appetite of local, regional, and global investors for luxury, high-end real estate developments in the emirate. Read more

property UAE

New retirement law will promote property transactions in 2019

September 20, 2018 UAE Business 0

The UAE Cabinet announced on Sunday that upon retirement, expatriates over the age of 55 will be granted a five-year retirement visa if they meet a set of clauses which include either having properties worth at least AED 2M, a minimum of AED 1M in savings or an active income of more than AED 20k per month. The law is said to come into effect starting next year. Read more