What is an Open House? Usually a residential project (apartment or house) that is up for grabs and readily available for viewing by potential buyers is an ‘Open House’. Clients are not required to schedule an appointment if they are going to an open house to view a property. For some real estate agents Open Houses are one of the best methods to target your potential audience. According to them it...
The 83,600 KMs of UAE Land holds promising real estate and ownership opportunities for many investors and property owners in Dubai. However, the regulations for owning land and property in Dubai have been strictly enforced on its citizens. This article clearly states the principles Dubai Land Department (DLD) has made clear. On 13 March 2006, the Government of Dubai issued Law No. 7 of 2006 which was...
UAE’s emirate Dubai is one of the city’s that follows strict rental and tenancy laws. Being a hub of commerce and business where people from all over the world reside, Dubai practices stern laws that must be complied with in any cases. To regulate complex concerns the authorities have appointed Rental Dispute Settlement Center at Dubai Land Department (DLD) to resolve issues and complaints. 1- Rent...
Cryptocurrency has taken the world by storm. As the world now has shifted to a more digital paradigm setting, especially after COVID 19, currency is naturally following suit. The last 10 years have been extremely focused on the development of multiple virtual currencies. Some of these have been known to give tons of profits to the investors while others are matching potential and working their way...
Dubai holds one of the largest real estate businesses in the world. In the GCC region it holds the most occupancy rates in terms of rental apartments and villas. In 2022, almost 51,452 rental contracts were overseen in January alone. The dynamic of the Dubai real estate market is established in a way that it is easily able to compete with the bigger metropolitan cities, NewYork, London and more. We took...
The pandemic shook the world for two whole years, creating an uncertain situation for every industry, job and individual. The world had changed the way it progressed. Underdeveloped states faced a huge plethora of difficult economic times and the way the world works came to a sudden halt. However a beacon of light emerged when Dubai's Expo 2020 happened. For 6 months we saw a positive and impactful change....
UAE’s real estate business has always been booming and targeting customers. For complex structures, the law has allowed Joint Owners to take responsibility for the management of such areas. The perks of living in an apartment community helps with multiple issues, however there must be regulations which are followed for optimal maintenance and sustainable planning. In the UAE the Dubai Law Number 27 of...
For building owners, building occupancy is a tedious subject where ensuring that the building is delivering a profitable space and is fully tenant-centric is being fulfilled. Generally if the building is constructed well before time there are various reasons why tenants would move out. This is due to the lack of services and management that the tenant feels and that their needs are not being met. However,...
Sharjah’s Industrial City - Al Qasimia City is an optimistic project that has coined several opportunities for business and industrial development. The launch of Al Qasimia City is a big step towards the betterment of the industrial and commercial sectors of UAE. For the real estate industry the launching of sales for Al Qasimia City is a boost for the prime commercial and industrial plots. The...
After the pandemic there has been a drastic increase and decrease in every sector of the economy. Rental Properties have also seen a fair share of changes. Due to these differences, it is time to gain awareness of some of the Rental Laws placed in Sharjah that keep the situation in a clear and plain understanding. According to provisions of Sharjah Law No. 2 of 2007 on Regulating the Relationship...