Can Developers Increase Service Charges After Handover? If you own a villa in a Dubai community, you likely pay service and usage fees covering utilities, common areas, and drainage. If your villa is part of a major project, the regulations for jointly owned properties apply. Relevant Legal Provisions Building Management Regulation: This document, registered with the Dubai Land Department (DLD),...
Ramadan 2025 Set to See AED 36 Billion in Dubai Property Transactions Dubai’s real estate market has shown strong performance during Ramadan, defying expectations of a seasonal slowdown, according to a recent report by Betterhomes. Historical data from 2023 and 2024 indicates steady increases in transactions, sales value, and property prices. Ramadan Fuels Dubai’s Property Growth In Ramadan 2024,...
Dubai Real Estate Sees First Price Drop in Two Years Dubai’s real estate prices declined by 0.57% in January 2025, marking the first drop since summer 2022, signaling a shift towards market stabilization, according to Property Monitor. Despite January 2025 recording the highest-ever transaction volume for the month, with 14,413 sales, average prices fell to AED 1,484 ($404) per sq. ft.. Sales...
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