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Dubai Forms Committee to Combat Property Glut After Prices Plunge

Dubai will set up a committee to balance property supply and demand as a slump in prices weighs on developers in the Middle East’s business hub.The emirate’s ruler Sheikh Mohammed Bin Rashid Al Maktoum said in a tweet he wanted the committee to ensure that “semi-government real estate companies in Dubai won’t compete with private-sector […]

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Dubai’s housing handover upsurge

We look into the impact of a sharp increase in housing deliveries this year. Dubai has seen a significant upsurge in new home handovers during the first half of the year, with 12,525 deliveries as opposed to 5,039 during the same period last year, according to data from REIDIN. Dubai Silicon Oasis had the most […]

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‘Dubai: Land Department’ Will Introduce New System In Ranking ‘Real Estate Brokers’

Dubai Land Department will introduce a new system in ranking its real estate brokers. The property brokers will mainly being ranked based on its performance. The National AE says that the the director of real estate licensing Ali Abdulla Al Ali revealed during the Cityscape Global conference that this new system in ranking real estate brokers […]