: I am looking to invest in an off-plan property in Dubai. Once the handover is completed, is the developer responsible for the work done? If there are any construction faults like leaky roofs etc, will the developer be required to fix it? : In Dubai, Article (40) (a) and (b) of the Law No. (6) of 2019 Concerning Ownership of Jointly Owned Real Property in Dubai states that a developer is responsible for...
2024
Rents in Dubai are expected to keep rising, but at a slower rate, as the market begins to show signs of stability, with more rental listings remaining unchanged in the second quarter of this year. Data indicates that a larger proportion of Dubai residents renewed their tenancy agreements during the second quarter, even as rents hit record levels in the emirate. Taimur Khan, head of research at...
With Dubai’s property market thriving in 2024, is it an opportune time for investors to purchase villas in the city's highly desirable residential sector? The Dubai real estate market has been on a steady rise, showing no signs of deceleration. Dubai's property market reached AED 346 billion in transactions during the first half of 2024, representing a 23 percent increase from 2023. This...
The Dubai real estate market has recorded AED103.8 billion in sales transactions during the first half of 2024. Dubai's off-plan property market has witnessed remarkable growth in the first half of 2024, as reported by Bayut. Sales transactions in the sector have surged to AED103.8 billion, reflecting strong investor interest and excellent market performance. The report underscores that demand...