Dubai Reality Projects Delivered in First 8 Months Worth Dh12 Billion
The Dubai Land Department (DLD) on Saturday said 1,000 investors received their properties through 900 transactions worth more than Dh12 billion during the first eight months of this year, demonstrating Dubai’s distinctive position as a preferred international investment destination, Albawaba reports. DLD director-general Sultan Butti bin Mejren said 47 projects were introduced into the market […]
Dubai issues half a million real estate permits through the ‘Trakheesi’ system
Trakheesi allows customers to obtain a range of permits to assist with their transactions, Khaleej Times reports. The Dubai Land Department (DLD), through the Real Estate Regulatory Agency (Rera), has announced the issuance of nearly 500,000 real estate permits for real estate companies through the ‘Trakheesi’ system. Ali Abdulla Al Ali, director of real estate […]
Revealed: These may be the world’s 10 riskiest housing markets
Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity, Bloomberg reports. “In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate […]
Easy18 finest build quality and materials
At TownX Developments we seek partners that share our core values. When it comes to design, quality and reliability, we choose and work with Italian, German and Swiss manufacturers. That’s exactly what we want for our customers and friends, quality that lasts a lifetime. Easy18 is more than just apartment living, it’s a lifestyle of […]
Alternative financing schemes to fuel property investments
New financing options could further enhance the attractiveness of Dubai’s property market for both local and foreign investors. The Mortgage Law recently proposed by the Dubai Land Department (DLD) will be a key instrument that will bring in more specialised funds and create alternative financing beyond standard funding from banks. The new law could, for […]
Majority of UAE employers planning to hire soon, data shows
86% of employers in the UAE plan to hire in the coming year, according to new research from Bayt.com and YouGov Over three quarters – 78 percent – of UAE employers are planning to hire in the next three months, and 86 percent are planning to hire in the coming year, according to new research […]
A passage to future: All you need to know about Dubai Metro
Over nearly eight years – the driverless carriage had carried 1.03 billion passengers, Khaleej Times reports UAE residents and tourists travel in the Dubai Metro almost every day since the Metro started its own journey in 2009, and it has been a historic one. From the first day it was launched on September 9, 2009, […]
Dubai ranks 3rd globally in public finance, 7th in government efficiency and 1st in the Arab world in government budget
Dubai ranks first in the Arab world in terms of government budget (as percentage of GDP) while globally the emirate ranks seventh in government efficiency and third in public finance, according to the ‘Competitiveness Report 2018’ issued by the International Competitiveness Centre of the International Institute for Management Development (IMD) based in Lausanne, Switzerland. His […]
UAE residents hopeful on greater savings in 2018
41 per cent of savers in the UAE are planning to start their savings journey in 2018 Residents across the UAE have expressed their hopes of saving more in 2018, as compared to the previous year, new research by National Bonds Corporation has shown. One of the ways to save money is to stop throwing […]
May 2018 Easy18 Construction Update
May has been a very productive month for the Easy18 development marking another key milestone in its construction. Fourth floor construction works begun and the basement level is now fully complete. Ground and first floor finishing works are currently in progress. We’re glad to announce that the project is on schedule and will be completed on time. […]