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MD Properties provides you with latest market updates on Dubai real estate. Visit our blog for the latest property market news and tips.

Dubai ruler unveils gold card permanent residency system

6,800 investors holding $27bn will be included in the initial batch of people being granted new residency status in the UAE A gold card will be issued to investors and entrepreneurs granted permanent residency in the UAE, it was revealed on Tuesday. In a tweet, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the gold card system would see an initial …

More UAE tenants paying less rent

With the persistent decline in rentals, the number of UAE residents paying reduced rents compared to last year have increased. However, they have been advised to negotiate prices with landlords at least three months before the renewal of the contract for better bargaining, revealed a new survey. According to the yallacompare Consumer Confidence Tracker for first quarter of 2019, 30 per cent of residents …

Affordable apartments in Dubai: Sale prices drop by Dh400,000 on average in nearly 4 years

Savings await buyers or tenants moving to homeownership as rates fall 19% since 2015 Dubai: Apartments in Dubai have gotten significantly more affordable for buyers, as average prices dropped some 19 per cent over the last few years, lopping nearly half a million dirhams off the average price tag, according to the latest figures. The selling rate of a typical apartment in the emirate …

Opinion: Crowdfunding – an alternative way to invest in real estate

The technology will help boost the UAE government’s plans to bring ease of access for property investments in the emirates, writes Daniel Hart, CEO of Masterkey, a Dubizzle company While being two very disparate investment markets, crowdfunding and the real estate market are a perfect fit and one that allows investors a new way to leverage profits from the real estate markets. Fractional ownership …

Homeownership: You’re buying into a community, not just a house

Don’t forget to check out the community governing documents when buying a home Buying a home to live in is no doubt one of the biggest investments one makes in a lifetime. When we buy a home on the secondary market, we focus on the obvious features and benefits of the property, which include size, location and price and then the stipulated sales and …

Buying distressed properties in UAE: What you need to know

Here are things to know when property sold much below market price Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create opportunities for distressed sales, offering great deals for buyers. These assets are valued below their actual price and could be in default …

UAE residents ranked top property enthusiasts globally

HSBC survey found UAE residents spend an average of 6.6 hours per week ‘window shopping’ for homes UAE residents spend more time researching, looking through property listings and viewing homes than people in nine other countries, according to a new survey from HSBC. The survey, conducted by Europe’s biggest bank by assets in November and December of last year, polled 11,932 adults aged 21 …

Opinion: Property crash? Really? Not according to Emaar’s results

Emaar has delivered one of its best ever first quarter revenues in a declining market. How did this happen? Emaar’s latest results, on the face of it, don’t make any sense to me. First, the facts: Emaar Properties has just announced one of its highest ever Q1 sales in its entire history. Between January and March this year, it raked in $1.628bn – a …

Dubai property market sees ‘healthy’ off-plan deals balance in Q1

Property Finder says the first quarter of 2019 saw a total of 9,317 transactions worth AED21.2bn in Dubai Thirteen Dubai commercial property deals worth more than AED100 million ($27 million) each were reported during the first four months of 2019, according to new research. Property Finder, the UAE-based real estate portal, said there were a total of 37 commercial real estate transactions priced above …

Dubai developers offer heavy incentives to attract property buyers

Developers in Dubai are going the extra mile to dispose of unsold stock. Lucrative incentives, innovative payment plans and freebees are tempting investors and tenants to own a home in Dubai as developers are going the extra mile to dispose of unsold stock ahead of potential upcoming supply of over 50,000 homes this year. Developers in Dubai are pulling out all the stops to …

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