The Dubai Property Tour

Posted on: 14th June 2017 A British couple who have a successful family business supplying shops here in Dubai with furniture want to establish a sales team and distribution centre in Dubai and are interested in purchasing an apartment rather than continuously paying for hotels. Doctors from the US and the UK are being attracted to Dubai for its booming medical tourism industry which accounted for over $1 bill...

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Choosing the right property for 'BUY TO LET'

Posted on: 11th May 2017 When buying a property in Dubai for investment and/or “Buy to Let”, it is important to understand why one building stands out from its neighbours and attracts buyers and tenants who are prepared to pay a premium to live where occupancy levels are always high and where your property is an appreciating asset that is consistently earning you an income. Every community or subu...

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Confessions of a Real Estate Agent - Steven Leckie - April 2017

Posted on: 13th April 2017 On Wednesday 29 March 2017, the British Prime Ministe...

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Confessions of a Real Estate Agent - March 2017

Posted on: 14th March 2017 I have been living and working in Dubai for the past 14 years and I don’t think that I will ever become accustomed to people being late for appointments.  No matter how many times it happens, I still get upset at the tardiness of some people with whom I meet and do business. In short, I’m getting fed-up with people arriving late for previously scheduled...

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Confessions of a Real Estate Agent – February 2017

Posted on: 17th February 2017 How do we get people to treat real estate agents and their time with respect? Doctors and accountants, even lawyers attract respect based upon their title and on how they present themselves, a well-cut suit and a big office or a white coat is often all they need to gain trust and respect. Blue-collar professions such as the butcher or car mechanic win respect and loyalty ove...

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Confessions of a Real Estate Agent – January 2017

Posted on: 17th February 2017 Welcome to the new year and here is hoping that all those positive forecasts for 2017 regarding Dubai property and the economy are correct. During last year, I discussed the consolidation and maturing of Dubai’s real estate market and though we still have some way to go before we can be rightfully compared to the more established markets in the West, we have certainly experience...

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Confessions of a Real Estate Agent– Steven Leckie, December 2016

Posted on: 5th December 2016 All registered real estate agents in Dubai are bound by a code of ethics which includes 11 principles they are expected to follow and practice such as fair and respectful treatment, preservation of privacy, trust and integrity, respect towards the local society, comprehensive documentation, and general respect of the regulations and procedures of Real Estate Regulatory Authority (RERA). ...

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Is price per sq.ft. all that matters? – Confessions of a Real Estate Agent *Steven Leckie, Sales Director, November 2016

Posted on: 1st November 2016 Back in the day when people were asking one question, “what will it be worth in 3 to 6 months?” before buying property and then selling shortly after, price per square foot (p.s.f.) was the main point of reference in the decision making process, that and premiums were all we ever talked about. This was a time when 25% of the worlds cranes were working 24/7/365, people were...

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Record transactions continue in Dubai. Report by The Move Channel.com

Posted on: 26th July 2016 Dubai transactions in 2016 have hit a record high in the first half of 2016, according to the latest official statistics. The figures from the Dubai Land Department show that the number of sales rose to 28,251 in the first six months of year, up 22.8 per cent on the same period in 2015.  However, transaction values dropped 12.4 per cent year-on-year to AED113billion....

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Growth Population in Dubai

Posted on: 24th January 2016 Last year Dubai experienced a 5.1% increase in population coupled with 3.4% in GDP growth. The Dubai government has increased its expenditures by 12% year on year in 2016. The expansive fiscal policy adopted by the government is inline with the current infrastructure boom that is underway. If the momentum continues, Dubai real estate prices will begin to trend upwards, entering the recovery pha...

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16 new attractions in Dubai this year

Posted on: 18th January 2016 Projects lined up for 2016 opening 1- Dubai Safari Park: Covering a total area of 119 hectares and built at a cost of Dh150 million, the safari park is located at Al Warqa, opposite Dragon Mart. When designing the green project, Dubai Municipality ensured that Dubai Safari Park will incorporate solar power, water recycling, waste disposal and other re...

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Property returns in Dubai beat other major cities

Posted on: 2nd November 2015 Capital appreciation has been one of the prime reasons for global investors to buy property in Dubai and now a report from an international real estate consultancy ratifies their decision. A price comparison of the last five years (2010-2014) for global cities by Knight Frank, the UK-based consultancy, reveals that Dubai outshines London, New York, Hong Kong and Singapore. ...

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Are Prices Heading UP or DOWN?

Posted on: 21st October 2015 As with all real estate markets around the world, indeed all investment opportunities, sentiment is a key driver. That is particularly true of the Dubai real estate market. Views on whether prices are heading up or down are often driven by so called 'market research' and the media reflection of such. These are often presented as fact without any effort to scru...

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Time to buy Dubai property is now

Posted on: 13th October 2015 Any area, where there is infrastructure spending or is the subject of touristic attractions, such as the iconic new structures that are coming up around Dubai, will see the return of investment in terms of capital appreciation if bought now. This was the message being broadcasted at an investment seminar in Dubai on Monday. "Given the location of...

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The survey interviewed 21,950 expats with 198 nationalities, including 2000 based in the UAE, during March-May 2015.

Posted on: 30th September 2015 Entrepreneurial expats have voted Dubai as the second best city in the world to start a business, according to a HSBC global survey. Singapore, Dubai, Hong Kong and London were highlighted for their good business environments, world-class infrastructures and good work-life balance. The cities scored between 85-87 percent, compared to the global average 56 percent. The winnin...

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UAE #2 Residential Investment Location

Posted on: 16th September 2015 A new report has put the United Arab Emirates as the second best location for residential property investment worldwide, just behind the US. The report, by Arabian Business, is based upon the latest World Residential Investability Rankings from real estate advisory firm Savills. The ratings use economic growth and market recovery as a guide, and the UAE was noted for its great domesti...

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Dubai Burj2020 masterplan set to be revealed

Posted on: 1st September 2015 The masterplan for the Burj2020 District in Dubai is set to be revealed this month by architect Adrian Smith – who said “the eyes of the world” are on the city and its urban design. The man behind the world’s tallest building, the Burj Khalifa, and its likely successor, Saudi Arabia’s 1km tall Kingdom Tower, will be unveiling the design at Cityscape ...

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Picking and choosing the best locations

Posted on: 9th July 2015 Improved connectivity will make some of the newer locations in Dubai top picks. Whether it’s a first-time buyer or a seasoned investor, the astute property buyer will look for areas that have it all — an attractive built environment, solid infrastructure, reliable transport links and a likely return on investment. Some investors try to identify up and coming loca...

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5 reasons to invest in the United Arab Emirates

Posted on: 28th June 2015 The United Arab Emirates (UAE) is a unique world. Sunshine year-round, pristine sun-baked beaches, desert safaris and a host of breathtaking structures such as Burj Khalifa and Palm Jumeirah are some of the gorgeous assets UAE tempts tourists with as they search for a memorable sojourn. And lured they are. The tourism industry of the UAE is surging ahead in leaps and bounds and should...

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Why you should buy a property in Dubai.

Posted on: 3rd June 2015 Gross rental yields in Dubai are among the highest in the world, with smaller apartments offering rental income of 7.21 per cent, according to Global Property Guide. The gross returns on investment from large to small apartments ranges between 5.87 per cent and 7.21 per cent, according to the website that compiles and analyzes property price performance of the world's big eco...

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What does the Future Hold for Dubai? The run up to 2020

Posted on: 31st May 2015 A home near the waterfront has often been the preferred choice for many elite property owners, specifically in Dubai. No wonder the emirate has been expanding its coastline and creating new man-made islands in order to provide potential residents with as much waterfront living space as possible. Come 2020, there may be a large number of homes overlooking the water.  ...

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Dubai Metro extension to connect Expo 2020 site, new residential and industrial zones

Posted on: 12th April 2015 Dubai Metro will be extended for 14.5 kilometres, branching out from Nakheel Harbour and Tower station to the Expo 2020 site near Al Maktoum International Airport, the Roads and Transport Authority has announced. The much anticipated extension of Dubai Metro’s Red Line has been approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the ...

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Money talks at London’s Dubai Property Show

Posted on: 3rd March 2015 Dubai may be known for its colourful and occasionally wacky property developments, but investors at a UK real estate show had something much more sensible on their minds – rental yields. Property developers in Dubai have resorted to a range of tactics to lure buyers, from Porsches to promising outlandish features such as tropical rainforests. But such extravagances wer...

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Mortgages; Conventional V Islamic

Posted on: 26th February 2015 The underlying principle of shariah finance is that money cannot be generated from money i.e. interest . Some form of transaction has to take place between the vendor and the buyer. In the resultant transaction if a profit is made this is acceptable. In addition to this ownership has to pass from the vendor and seller. In a conventional mortgage the ban...

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Dubai Enjoying Fresh Real Estate Boom

Posted on: 11th February 2015 Dubai is enjoying a second real estate boom as wealthy investors rush to make money from the fast growing Middle Eastern destination.   The worldwide economic meltdown of 2008 impacted Dubai’s construction sector hard but investors have not been put off from pooling their money into this second period of high growth. The largest piece of commercial real ...

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Dubai optimistic on Dubai’s tourism growth

Posted on: 11th February 2015 Several factors place Dubai as a popular travel destination and this status is stated to remain in 2015. The factors attributed are a combination of relaxation, discovery and adventure in one place. As per a YouGov survey last year, Dub...

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To buy or to rent — the million dollar question

Posted on: 11th February 2015 Tenants in the UAE are increasingly looking at property ownership but only for those who can afford to do so ...

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Dubai to become Centre of the World by 2100 says experts

Posted on: 10th February 2015 Dubai will overtake London as “the centre of the world” by the year 2100, a government expert told delegates at the opening day of the Government Summit in Dubai on Monday. Dr. Hans Rosling, co-founder of Gapminder, made the prediction while speaking on the topic, ‘The Big Data Revolution: Tranforming Raw Data into Future Insights’ and based his analysis on dat...

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And now for something completely different....

Posted on: 4th February 2015 Under water Villas.... Underwater villas on Dubai’s The World islands project are to be offered for sale from this weekend. The villas, given an initial price of Dh5 million, will be in the Heart of Europe chain of islands in the offshore development. Invitations for the private launch event, on Saturday, have been sent out to potential buyers. A no...

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Palazzo Versace, Culture Village...its nearly here....

Posted on: 28th January 2015 Update on what's happening at this manificent building... HANDOVER EXPECTED MARCH THIS YEAR •    Front Roadways: Road paving in front of the main entrance to Palazzo Versace Dubai is now substantially complete. The completed security guard post is now in use and planting of soft landscaping around this area is progressing well.   • ...

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Hotel Serviced Apartments: The Palm Jumeirah: What you should know.

Posted on: 20th January 2015 THE HOTEL AND HOSPITALITY MARKET IN THE UAE IS FORECAST TO GROW AT MORE THAN 10% A YEAR FOR THE NEXT FOUR YEARS, DRAMATICALLY OUTPACING GROWTH IN THE OVERALL ECONOMY. The emirate of Dubai continues to build on impressive performance levels. In November 2012, year-to-date occupancy of 80% was up 2% on 2011, according to a leading international consultancy’s Middle East ...

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Another mode of transport to get you round: The Dubai Trolley:

Posted on: 5th January 2015 Phase one of 7km-long rail network to be built close to Burj Khalifa.A kilometre-long phase one of Dubai Trolley, the city’s newest public transport system, will open to public in the first quarter of this year as the rails have already been laid out and the stations are getting their finishing touches. Dubai ...

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Dubai avoids deficit in Dh41 billion budget for 2015

Posted on: 4th January 2015 The government of Dubai has unveiled a 2015 public expenditure plan for growth and jobs in a deficit-free budget that hits levels not seen since the global financial crisis. The budget was approved by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It will lead to the creation of 2,530 jobs for citizens in the emirate. “The human being is the wealth of the nation,...

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Happy New Year from the Burj Khalifa

Posted on: 31st December 2014 The Burj Khalifa will be LIVE STREAMING #BurjKhalifa fireworks on our YouTube channel. #MyDubaiNewYear #BeThere#Emaar ...

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Healthy Dubai real estate market can ride out cheap oil

Posted on: 30th December 2014 The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash. As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate market began a collapse that roughly halved residential prices in 12 months and forced the restructuring of tens of billions of d...

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It’s official: Dubai International is world’s busiest airport

Posted on: 30th December 2014 Dubai International Airport has overtaken London Heathrow as the world’s busiest for international passenger traffic. A total of 68.9 million passengers had passed through Dubai International compared with 67.8 million at Heathrow as of December 22, data from the Airports Council International showed. DIA was at its busiest ever last week when it processed a record 638...

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Plans for Dubai Post EXPO2020

Posted on: 18th December 2014 The National (Dubai based Newspaper) Reports.... DUBAI // The emirate set out its future goals at a glittering ceremony on Wednesday. Under the Dubai Plan 2021, the city aims to become a world leader in six key areas. Dubai will become a smart and sustainable city with an emphasis on the environment. It will become a favourite destination to live, work and travel t...

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