Undertaking valuation or feasibility studies were then given lip service. With the property market maturing, and following the challenges the sector faced in 2008-09, valuation services are now an important part of the due diligence that developers and financial institutions undertake.
Residents in Dubai have shelled out a substantial amount on rents since 2011. However, rents have cooled in some parts of Dubai since the last quarter of 2015.
In its latest UAE Real Estate Report, Asteco in its outlook for 2016 said low oil prices would exert ongoing downward pressure on the market despite limited pipeline growth.
Nshama, a builder of affordable homes, says you can get out of the rental trap by investing in Town Square
A recent report reviewing last year's market trends by JLL noted that while sales prices fell in Dubai and remained stable in Abu Dhabi, there was a significant decline in the number of transactions across the overall market.
Influx of units set to add pressure on rents
UAE residents are gradually understanding the importance of home contents insurance.
At the moment, Danube Group has total 14 retail stores in all six Gulf countries and majority of them are located at different locations across the UAE.
The observation comes ahead of the introduction this April of a three per cent stamp duty surcharge on UK properties for buy-to-let investors and second homeowners compared with residential buyers.
While development remains Nakheel’s core business activity, the developer is increasingly diversifying income streams by focusing on retail and residential leasing.
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