Dubai: The Springs is attracting more mid-income expatriates as villa rents continue to follow a southward trend, property companies and residents said. Rents in the New Dubai community have witnessed sharp drops and a standard two-bedroom villa in the residential community that cost Dh110,00 a year ago is now going for an average of Dh75,000. [...]
Dubai: Brian Caldwell, a resident of the Old Town Island in Downtown Dubai is proud to call the area home. “Back in the UK, everyone is astounded when I tell them I live next door to the world’s tallest tower. It’s a monument they watch on TV and cannot believe that for me, it’s my [...]
Dubai: As Dubai residents pay lower rents, it also means lower housing fees for them. However, to get the fee adjusted downwards, they need to be prepared to spend at least one full day standing in line. Residents pay housing fee equivalent to five per cent of the tenancy contract value. This is included in [...]
Abu Dhabi: An additional 110 villas will be built for Emiratis in various emirates as part of a project that contributes to improving living standards. The committee tasked with following up on the implementation of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan’s orders on infrastructure development projects Tuesday approved the construction of the [...]
Abu Dhabi: An online system that allows property owners and property management firms to register their properties online has been launched as part of the Municipality of Abu Dhabi City’s Tawtheeq project, the municipality announced in a statement on Wednesday. The system features automated forms that make the registration process more convenient and will also [...]
DUBAI: With its central location, competitive rents and spacious homes, Business Bay is on its way to being the Destination of the Future. A residential cum commercial community, the area, which runs alongside Al Khail Road, has more and more people calling it home. And why not? “One bedrooms go in the range of Dh50,000 [...]
DUBAI: A bachelor ‘invasion’ and sliding rents have triggered fears that Discovery Gardens may suffer the same fate as International City if developers don’t act fast. Anosh, who owns a unit at the popular residential district, said Nakheel should pre-empt the bachelors’ creeping “invasion” before its image is eroded. “Bachelors are not welcome to live [...]
Dubai: Over the years, JBR (Jumeirah Beach Residence) has turned into an expat hotspot. With its Miami Beach vibe and entertainment options, more people are gravitating towards calling the 1.7km beach strip home. Despite the fact that rents have remained mostly stable, with Rera (Real Estate Regulatory Agency) reporting a drop of an average of [...]
Dubai: With rents falling at an alarming rate all over Dubai, residents are making the most of the moment. After all, opportunity doesn’t always knock twice. Mirdif, once a sleepy suburb, has been given a new lease of life by expats who want to upgrade their lifestyle for a fraction of the price originally offered. [...]
Abu Dhabi: Around 10,500 workers of 20 nationalities are housed in the Saadiyat Island Construction Village. The Tourism Development and Investment Company (TDIC) has required contractors working on the Saadiyat Island project to house their workers in the Construction Village. Operated by Abu Dhabi National Hotels (ADNH), “the village was built in accordance with the [...]
