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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.

7 reasons why now is the best time to buy a home in Dubai

Buying a home in the UAE can save you money in the longer run as property prices drop Traditionally, most expats that move to the UAE rent apartments instead of purchasing one, with the intention of saving the money they make in Dubai to buy property in their home country. With many expats staying in the country for longer periods of time and with …

Dubai’s luxury home sales see mini-resurgence

Properties at Dh10m plus double on the Palm, while Downtown also gets investor love Dubai: Dubai’s property market is seeing a mini-resurgence in luxury home sales after a rather dull run last year. And the numbers prove it. In the first five months of this year, the number of property sales registered with Dubai Land Department were 14,239 units against 14,299 last year. But …

Revealed: how prime Dubai property prices compare globally

Report says Dubai remains the most affordable market of 10 cities analysed, just 15% of the average price in Hong Kong Hong Kong remains the most expensive prime residential city market in the world, with an average prime price of $4,251 per sq ft in 2018, according to latest data from Knight Frank’s Wealth Report Insight Series. Across the 10 cities surveyed, Dubai remains …

Buyer beware: why good due diligence matters

If buying within a master development, ask for the master plan to prepare for upcoming works in the neighbourhood The underlying principle of a real estate transaction is caveat emptor — let the buyer beware. Under this concept it is the buyer’s responsibility to satisfy themselves as to the quality and suitability of the property before proceeding with the purchase. While the real estate …

In a tenant-friendly market, landlords dig in for the long haul

What landlords are willing to do to keep tenants happy A considerable portion of the expat population in Dubai still stays in rented homes. A lot of them, unsurprisingly, are now enjoying what is deemed a tenant-friendly market where rents are softening across different communities. “One of the primary drivers of the rental price decline is the inflow of new residential supply towards the …

Park life Dubai-style

How one UAE property developer is redefining urban living in the city Last month, Kate Middleton, the Duchess of Cambridge said that spending a childhood in the countryside can make children grow up to become “happy, healthy adults.” Here, in the warmer climes of the UAE, is anyone on the same page as the British royal? One Dubai-based property developer certainly seems to be. …

House prices declined by 14.5% year-on-year in May 2019

May 2019 DUBAI HOUSE PRICE INDEX House prices declined by 14.5% year-on-year in May 2019. Average House Price in May 2019 The Dubai House Price Index from Property Monitor tracks the prices of a selection of apartment and villa/townhouse properties from September 2015. Prices declined by 1.5% month-on-month, 0.2% less than the monthly change recorded in January 2019. In May 2019, the annual decline …

5 things to consider when renewing or terminating a lease in Dubai

It’s a great time to negotiate a reduction in rent, but keep these things in mind A “soft” real estate market marked by oversupply gives tenants an opportunity to consider their options. This is true this year where tenants can look at negotiating a reduction of their rent or relocating to a better property. Here are five things to consider when looking to negotiate …

Long-term UAE visa: Overseas investors express interest in real estate

Dubai witnessed 33 per cent surge in transactions, worth Dh34 billion in first five months of 2019 International investors have shown significant interest in the UAE’s real estate market following the introduction of long-term visas, which was strongly reflected in the value of transactions recorded in the first five months of this year. The total value of Dubai real estate transactions jumped 33 per …

Value of Dubai real estate transactions up 33% in 2019

Deals for apartments in Dubai constitute the largest portion of the total value of transactions According to the DLD, the figures are largely a result of government policies to encourage investment and boost the attractiveness of Dubai’s real estate sector. The value of real estate transactions in Dubai rose 33 percent to AED 34 billion ($9.26 billion) in the first five months of the …

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