Saturday, July 21, 2018

Property

Jail for property cheats on the way

Anyone selling off-plan property in a bogus development could face two years in jail and up to BD50,000 fine. Individuals who intentionally cheat the...

Dubai stocks fall to 27-month low on real estate fears

Dubai stocks hit a 27-month low on the back of sharp falls in the real estate market and a drop in liquidity. The Dubai bourse,...

Why Indians and Pakistanis love to call Dubai home

The lure of Dubai property has always been too good to resist for investors from the Sub-Continent. No surprise then that Indians have yet...

Bahrain: Proposed new bill seeks to disadvantage Expat investors

In a proposal aimed to apply different rules and advantages to different investors based on their nationalities, a new parliamentary proposal states that non-Bahrainis...

Qatar buys $41 million townhouse just for maids

Qatar is expanding its footprint on Manhattan. After the nation bought two landmarked townhouses next door to each other on East 72nd Street to combine...

An Omani sheikh paid $34 million for two apartments so his...

A wealthy sheikh from Oman paid £25 million ($34 million) to buy two flats so his family, friends, and staff could live next to...

Saudi’s anti-corruption drive is hurting Dubai

In a surprise move on Saturday, at least 49 Saudi princes, businessmen and officials were rounded up and accused of corruption. Some of the biggest...

Dubai real estate sector seeks more international investors

Dubai's property sector witnessed a 25 per cent increase in overall transactional activity in the first quarter of this year. Yet, the city, a...

Dubai landlords offer “free rent” to entice buyers

With fewer jobs, there are fewer people with money to pay for rent. Compounding the decline in demand is the increase in supply of...

Dubai: As rents fall, tenants get new & better deals

Residential landlords in Dubai are getting increasingly flexible in their terms and pricing.The burgeoning supply of units in Dubai has given more choice and...

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