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UAE leads GCC in Foreign Real Estate Investments

UAE leads GCC in foreign real estate investments Filed on September 24, 2019 | Originally published on khaleejtimes.com UAE property offers higher returns than Far East markets. The UAE leads the Gulf region in terms of investments in the real estate abroad, said Richard Divall, head of cross-border capital markets at Colliers International EMEA. In total, the Gulf investors invested more than ?3.9...

58% of UAE residents plan to invest in property in the next 12 months

Around six in 10 UAE residents plan to invest in property in the UAE or overseas, making real estate the most popular investment class, a new survey found. Fifty-eight per cent are keen on investing in real estate in the next year – an increase on last year’s study, with the United States, United Kingdom and Australia the most popular locations, according to a YouGov poll of 1,000 residents from...

Why do some real estate agents get such a bad rap?

As much as UAE residents love their life in the Emirates, they also enjoy complaining. Trawl any social media platform and you will find numerous complaints about bad real estate brokers. But are they really any worse than other professionals in the country? Here are a few reasons why brokers get such a bad rep: How fees are paid In most parts of the world, brokers help landlords rent out or sell their...

Why the obsession with real estate in the UAE?

The property market is a source of fascination for both residents and international investors As soon as someone finds out I work in real estate in the UAE they invariably ask how the market is doing. "Is it up, down, when is it going to change direction, is now the right time to invest?" they will ask along with many more questions. I never received this level of interest when I was a lawyer. People...

Should buyers invest in off-plan or ready built-in the UAE?

Off-plan residential transactions in Dubai for the first six months of 2018 were down 20 per cent from last year during the same period, according to GCP-Reidin. On the ready property side, sales in the first six months of the year held up well, with an increase of around about 6 per cent year-on-year. Does this mark the end of off-plan sales and a switch back to ready units? Time will tell, but what is...

Why buy a car in the UAE but not a home?

Lots of residents own their cars in the UAE but far fewer own their houses. Undoubtedly, houses are more expensive than cars so I will not address my thoughts to the people who simply cannot afford a down payment on their own home, but more to those who have the deposit, own a car but do not own their house. On the face of it cars and houses occupy very similar places in our lives. They are both...

Traps to avoid when buying property in the UAE

The sales market has been buoyant in the off-plan sector but troubled in the secondary market for some time now. Prices have been sliding since 2015 due to the oil price crash and resulting issues around the Gulf. However, oil is at a four-year high hovering above $75 a barrel and there is much talk of a pick-up in government spending, not just here in the UAE but across the Gulf. It is just a matter of...

Five Reasons to be Positive about Abu Dhabi Real Estate

Since 2015 the Abu Dhabi Real Estate Market has had a tough time. The fall in the price of oil meant that, unlike the rest of the world who are now in their ninth year of recovery from the 2008 crash, we had a serious “double-dip”. The resulting government spending cutbacks, benefits reductions and job losses in 2016 lead to vacancies across the board and sales and rental prices dropped. 2017 was...

WHY IS PROPERTY SUCH A GOOD INVESTMENT?

When you are an investor there are a lot of things you can put your money into. Stocks and shares, funds, art, bitcoin, crowdfunding, there is a pretty long list. Property is always high on that list. High net worth individuals will be told by financial advisors that they should invest a certain amount of their wealth into real estate, but why?...

How Long Do You Have to Stay For Buying to Make Sense?

A lot of people say to me “I’m only going to be here for a few years, surely buying doesn’t make sense”? But what is the actual truth? If you have read my articles “Why is Property Such a Good Investment” and “How Buying Property Halves Your Rent” then you will understand what a great investment property is, but over what time period does it make sense to invest. One approach, and I...

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