The big question of Dubai real estate is not oversupply – it’s about the right kind of supply for the market. A few weeks ago, I drove to Damac Hills to interview Damac founder Hussain Sajwani. Not having cause to travel out that way too often, the many new developments came as a surprise, begging the…
Savills report reveals emirate is fourth best global hub for returns on real estate investment. Dubai has been rated the third most affordable city in the world for purchasing prime residential property….
New Property Finder Trends report says increased housing supply continue to put downward pressure on rents in Dubai Villa/townhouse communities where rent reduced the most in H1 2019 were The Meadows (-18.1 percent), Green Community Motor City (-11.3 percent), Reem Mira (-10 percent), Al Furjan (-7.8 percent) and Damac Hills (-7.5 percent). Average apartment..
Registrations will continue to ensure safety and quality service, according to the company Damac said the fee was introduced to ensure the security of the residents in the community and to generate incremental revenue for owners associations with the objective of reducing service charges. Damac Properties has waived all registration fees for external vendors […]
China State Construction Engineering Corporation wins contract from Damac Properties to build tower C of Aykon City project Damac Properties has awarded an AED512 million ($139 million) construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of Aykon City, Damac’s luxury mixed-use development on Sheikh Zayed Road, Dubai. The new […]
According to recent research, over 8.4 million expatriates live in the UAE. Although some of the expats in Dubai own their own homes, some still live in rental properties. Since rental income accounts for almost 40 percent of monthly income, rent is among the most expensive expenses in Dubai. Follow these tips and recommendations to […]
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