Property investors in Dubai will no longer have to go to a developer’s office and apply for a no objection certificate (NOC) to sell their property.

Also Read : Dubai Residential Capital Values May 2021

Instead, they can now obtain NOC electronically with a click of a button.

The Dubai Land Department (DLD) authorities have announced that investors looking to sell their property can apply for an NOC through its Dubai REST mobile application (app), as part of the emirate’s strategy to go paperless by the end of this year.

“As part of the DLD’s continuous journey to digitalise its…

HSBC Holdings has said a growing demand for larger homes during the pandemic will further boost Dubai’s property market, echoing analysts at Morgan Stanley who expect the rally to last for “several years”.

Also Read : Dubai Residential Capital Values May 2021

“The reported sales rebound in Dubai year-to-date has been remarkable,” HSBC’s Stephen Bramley-Jackson and Alok Baid wrote.

Despite supply concerns and negative population growth, “the globally synched post-pandemic migration to larger homes is also reigniting Dubai’s residential property market,” they said.

HSBC raised its recommendation on Dubai’s top developer Emaar Properties to buy from hold, saying the stock…

Sales transactions in Dubai’s property market, which hit a serious setback when the world went into lockdown last year, have been breaking records over the last several months. In some development projects, off-plan residential units have been snapped up within several hours, while ready-to-occupy homes have also been selling at record speed.

Also Read : Dubai Residential Capital Values May 2021

But who are these buyers, you ask? It might be a bit odd to see so many homes being sold when millions of people have lost jobs because of the coronavirus pandemic.

Despite the down economy, many private individuals…

With property transactions up 34.5 percent year-on-year, the first quarter of 2021 saw Dubai shrug off the cloud of the previous year’s coronavirus impact when property prices slumped to their lowest and get back to buying and selling homes.

Also Read : Dubai Residential Capital Values May 2021

Charting the highest number of total residential transactions since 2015, property experts cited the UAE’s handling of the pandemic crisis, support measures to improve the ease of doing business, and long-term residency law changes all contributing to the rebound.

Faisal Durrani, Head of Middle East Research, Knight Frank, said the property market…

Average residential property prices in Dubai have increased by up to 5.4 percent so far in 2021 following further growth in May, according to new research.

Also Read : Dubai Residential Capital Values May 2021

Leading real estate consultancy firm ValuStrat revealed that its index that monitors capital values across the emirate grew by 1.1 percent last month, aggregating four percent since the start of the year.

On a citywide level, capital values of residential homes have commenced a growth trend, albeit a gradual one.

All villa locations saw their capital values improved and most apartment locations stabilised. Seven out…

Home prices in many markets worldwide are surging at their fastest pace in about 15 years, fuelling further talks of a post-pandemic housing bubble.

Also Read : Dubai Residential Capital Values April 2021

Prices of residential properties across more than 50 countries and territories worldwide went up by 7.3 percent in March 2021 compared to March 2020, the fastest rate since the last quarter of 2006, according to Knight Frank’s Global Price Index.

Rates increased the most in Turkey at 32 percent, followed by New Zealand (22.1 percent), Luxembourg (16.6 percent), Slovakia (15.5 percent) and United States (13.2 percent). …

Dubai: Invest in Dubai Real Estate, the virtual real estate platform and a major initiative of Dubai Land Department, in partnership with the International Property Show, is gearing up to host a think tank programme on 26–27 May. The programme is primed to become the Middle East’s most influential 2021 event as it will cater to a more diverse audience involving various sectors and industries.

Also Read : Dubai Residential Capital Values April 2021

Through this distinct event, Invest in Dubai Real Estate is ready to make its mark in the events industry once again and create bigger opportunities for…

Rental rates for villas in Abu Dhabi and Dubai remained strong in the first quarter, driven by a surge in demand within well-developed mature and emerging villa communities.

Also Read : Dubai Residential Capital Values April 2021

The rental market in Dubai during the first quarter for apartments and villas increased over the preceding quarter, with average rental rates growing by 1.0 per cent and 4.0 per cent respectively. However, rates were still 10 per cent and 2.0 …

When Camilla Hammer, a Danish expatriate in the UAE who owns a television production company in the UK and Los Angeles, struck a deal in December to buy a villa on Palm Jumeirah, her family was looking forward to upgrading to a bigger living space and enjoying the great outdoors.

Also Read : Dubai Residential Capital Values April 2021

Their excitement, however, quickly turned to disappointment when the seller cancelled the sales agreement after receiving a higher bid from another buyer. …


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