Dubai Real Estate

Despite various significant initiatives and broad-based recovery in oil prices, property prices in Dubai are under pressure mainly due to rising volumes of supply. Also, with transactions running at approximately 25 per cent lower rates on a year-on-year basis, launches by developers have also slowed down.

Considering the property price difference between general and prime properties in Dubai is widening, experts believe that it is a sign of rebound for luxury properties.

Here’s how long should a property be held to ensure financial viability in terms of the costs involved.

Recent economic reforms coupled with the developments ahead of Expo 2020 are considered to be the reasons driving real estate growth in Dubai.

The country now offers 100 per cent foreign ownership of business inside and outside free-zones and 10-year UAE expat residency for qualified professionals. How big a deal is this?