The greatest purpose of EJARI is to provide legal security to both landlords and tenants. As a resident looking for a house for rent in Dubai, you have likely come across the term EJARI when it comes to tenancy agreements.
The greatest purpose of EJARI is to provide legal security to both landlords and tenants. As a resident looking for a house for rent in Dubai, you have likely come across the term EJARI when it comes to tenancy agreements.
The apartment units of Dubai Silicon Oasis (DSO) offer the highest rental yields for Dubai at 9.5 percent, and DSO is the most lucrative community. This is followed by Meydan and Damac Hills with 9.3 percent and 8.9 percent gross rental yields respectively.
Prices of homes in Dubai continue to decline as more corrections are implemented in the sector. Housing declines by 10 percent annually across different residential communities. It is said that the annual house prices in Dubai decreased by 10.6 percent. This is according to the Dubai House Price Index for February 2019.
Any shift in the dynamics of the market entails a change in the strategy used. This city remains to be a haven for Dubai real estate investors. Part of the reason is that the government has been implementing changes in its laws that enable investments to be easily done.
The UAE’s regional financial capital Dubai is now the most affordable market in the world for luxury properties as its average price decreased by 84 percent since its peak five years ago. Real estate analysts forecast a continued decline in Dubai real estate this year due to increased supply and the general softening of the real estate market and a weaker economy.
Nowadays that property prices in Dubai are on a decline and expats are staying in the country for a longer period of time, more can be saved in purchasing a home. The following are the reasons why today is the best time to buy a home in Dubai!
More than 20,000 residential units were completed in the first half of 2019 and more are expected in the coming months, Property Finder report says. Among the 20,978 residential units completed in the first half of 2019, there were 4,895 villas and townhouses and 1,084 serviced apartments.
There are many elements that Dubai lifestyle can offer: luxurious living, night life, shopping, and entertainment. The many Indians who stay or plan to stay in Dubai, especially those who have families, have more needs. One of these is a high quality school for the children.
American families who opted to move to Dubai as their second home may not have to deal with massive changes when it comes to the quality of education. Dubai has its own international American schools that provide top-quality American-standard curricula.
To be able to choose whether we must find a new apartment or renew the old, some of the factors to assess must be made. Is there any increase in the rent or any of the attached services such as parking, is the unit sufficient for the family or you need a more spacious home, and more!
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