Property Finder in Dubai

One of the interesting trends that dominated Dubai real estate is the increased number of affordable houses sold in the year 2019. As the latest data shows, properties priced below Dh1.5 million are seen to dominate real estate transactions in Dubai. Statistics show that there have been almost 18,900 affordable houses sold from January to September. If you compare that to around 17,000 for last year’s same period, that’s an increase of 10.9 percent. Experts have identified some reasons behind the trend, which are:  Growing young population  Increased number of bachelors  Increased number of small families  Better deals and flexible payment options for investors  Correction in prices Decreased average property prices  According to the ValuStrat’s head of real estate research, Haider Tuaima, the trend will continue for many years because of the high demand for affordable housing. Not only that, but their research shows that current prices h...

Buying  real estate in UAE , particularly in Dubai, is an important and huge decision to make. It involves a lot of money and a fatal mistake can lead to many years of regret. For this reason, getting as much information as possible is crucial. Among the terms you might encounter as you dig deeper into Dubai’s real estate market is “freehold.” You might wonder what freehold means and whether it would be a good investment for you or not. Before you make any decision, here some advice. Understanding what freehold means would give you more ideas on how it will benefit you. What is a freehold? F reehold property in Dubai   is a property that is owned completely by the owner. If a property is a freehold property, it means that the owner owns both the building and land. Freehold property is different from a leasehold property primarily in terms of ownership. In a leasehold property, the land is leased for a fixed amount of time. In the UAE, the maximum amount of lease ...