News

Rera registers 2,151 broker licences under new classification

Posted on: 11.03.2010, Category: Dubai properties
The Real Estate Regulatory Agency (Rera), has so far registered around 2,151 broker licences under the four-tier colour-coded classification system, agency spokesperson said.
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Developers may send termination notices to buyers

Posted on: 11.03.2010, Category: Dubai properties
Property developers may now be able to send contract termination notices directly to investors provided they copy the notice to the Land Department, according to law firm Hadef and Partners.
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New property law extends protection for home buyers

Posted on: 10.03.2010, Category: Dubai properties
A new decree by Dubai Executive Council will provide more protection to home buyers as well as increasing the Land Department's (DLD) role as mediator in property disputes.
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Burj Khalifa’s positive effect

Posted on: 09.03.2010, Category: Dubai properties
Agents said Burj Khalifa has had a positive effect on Downtown Dubai and the overall property market and economy in the emirate.
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Occupancy level 70% in Downtown Dubai

Posted on: 08.03.2010, Category: Dubai properties
Lower rentals have pushed occupancy levels to almost 70 per cent in Downtown Dubai, realtors said.
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56% see court as first option for property investors

Posted on: 08.03.2010, Category: Dubai properties
Fifty six percent of people think property investors should go straight to court if developers halt or delay projects they have bought into, the latest Arabian Business poll has found.
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Rera to take legal action over false complaints

Posted on: 07.03.2010, Category: Dubai properties
Dubai's Real Estate Regulatory Agency (Rera) has threatened to take legal action against any complainant who provides wrong information
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Azerbaijani president’s children buy Dubai property

Posted on: 07.03.2010, Category: Dubai properties
The president of Azerbaijan’s three young children have reportedly bought $75m worth of properties in Dubai, with his 11-year-old son said to have bought nine mansions on the manmade Palm Jumeirah.
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Big slump in UAE mortgage loans in 2009

Posted on: 04.03.2010, Category: Dubai properties
The total value of home loans extended by banks in the UAE slumped to AED15bn in the first 11 months of 2009, down from AED74bn the previous year.
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Specialist funds keen on UAE realty market

Posted on: 04.03.2010, Category: UAE properties
Interest from specialist funds edged up for real estate in the UAE in the fourth quarter 2009, according to a report.
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