The Dubai Land Department (DLD) has partnered with seven major developers in Dubai to reduce transaction times by granting them access to DLD’s registration systems for managing real estate transactions. This collaboration aims to enhance cooperation with the private sector and improve public services through DLD’s electronic systems, simplifying procedures and speeding up transaction times. The...
In July 2024, Dubai’s residential property market experienced substantial growth, according to the latest ValuStrat Price Index (VPI) report. The VPI increased by 2.2 percent from the previous month, reaching 178.2 points, which marks a 28.5 percent rise over the past year. Villas outperformed apartments, with the villa sub-index reaching 232.1 points compared to 149.6 points for...
Dubai has been listed among the few global cities experiencing accelerating property market growth. Alongside Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris, and Warsaw, Dubai's real estate market is noted for its upward trajectory, according to JLL’s Global Real Estate Perspective. Dubai's real estate sector has consistently outperformed its international counterparts in capital appreciation...
Legal Expert Discusses the Scope of Property Purchase Agreements in the UAE Question: Two years ago, I bought a property from an off-plan developer in Dubai and paid around 60 percent of the property's value. Under the law, what are the reasons that would allow me to request a cancellation of the property purchase agreement? Is a change in the property's area sufficient for this? Answer: According to...
Compare listings
Compare