Dubai investors take an interest to find property in Dubai for both personal and business reasons. Redefine adventure and find property in Dubai.
Real Estate
A new system known as Mollak was set by Dubai intended to monitor accounts that are related to service charges in projects. The Mollak was launched by the Dubai Land Department (DLD) and the Real Estate Regulatory Authority (Rera), its regulatory arm.
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.
Dubai offers multiple choices for accommodation. Real estate agents need to determine the factors that motivate buyers to purchase particular properties. Here are some of Dubai resident's responses:
Real estate Investors can already feel economic growth materializing a good year ahead Expo 2020 Dubai and this world-class event opening in the city.
There are many reasons for different people to move to Dubai. Anyone can enjoy the diversity of culture, luxurious Dubai lifestyle, warm winter season, great architecture and high-end malls, not to mention theme parks for the kids.
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.
Families settle farther away from the business district to gain access to large properties in Dubai’s suburban areas. This is important information for those who are planning to purchase a residential property in Dubai.