Predictions for Dubai Real Estate Market in 2021

2020 was a roller coaster for Dubai's real estate professionals. From the Covid-19 pause that stopped showings and sales entirely the second quarter, to the slow recovery and crashing rental market in apartments-saturated Dubai, to hot markets in villa communities, there were plenty of downs and ups. From the Downtown apartments and rental recovery to what will happen with inventory, here we gathered some...

What To Do If You Can’t Make Mortgage Payments

When you initially signed your mortgage contract in Dubai, you have been advised by your banker to run the numbers and make sure you aren't falling behind payments. But what if your circumstances have changed? No one had envisioned a force majeure situation as coronavirus pandemic. Most people don't like to think about losing their jobs and reduced income risks. Unfortunately, these days some people can...

Digital Service for Will Registration

The Dubai International Financial Centre (DIFC) Courts has injected fresh digital systems for the registration of wills. A joint initiative of the Government of Dubai and the DIFC Courts, the Wills Service has now re-engineered its digital service offering in light of the current pandemic and the government’s nationwide initiative to Stay Home and curb the spread of the virus, said a statement. With...

Fewer Launches, Handovers Slowdown To Cushion Dubai Property Prices

Apartment prices in Dubai declined 12% over the 12-month period from Q1 2019 to Q1 2020 whilst villa/townhouse prices were lower by 4% Average sales prices declined in Abu Dhabi’s major residential zones by 13.2% for apartments and 9.5% for villas/townhouses The Northern Emirates market stabilised slightly but continued to register low rents and rates Cavendish Maxwell, a leading chartered...

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