Registration of residential and commercial lease contracts through Ejari is mandatory and failure to comply may lead to a penalty.... "The decision is effective on every new contract to be signed in 2012"....
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Dubai's once-booming property market can expect more pain with oversupply likely to delay a price recovery in the Gulf emirate until 2016, ratings agency Moody's said on Monday.
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Location, or specifically close proximity to a Dubai Metro station is now becoming a priority for many tenants, who are prepared to pay up to 20% extra for the privilege, says Asteco, the largest property services company in the United Arab Emirates.
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Lootah said Wednesday the developer planned to build new villas on Palm Jumeirah to accommodate a rise in demand, and to begin work on a dedicated mall for the offshore island.
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In an effort to end the stalemate with investors of Palm Springs project in Palm Jebel Ali, Damac Properties has offered them cash refund options, 'Emirates 24|7' can reveal.
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People from Sharjah and even Ajman are moving to Dubai in a big way as rents in the emirate become increasingly attractive, analysts say.
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Developers, real estate brokers and investors all see supply-demand gap narrowing
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Why do residents love the Palm Jumeirah and what makes it so special? There's so much more to Palm Jumeirah than its enviable name. Resident Dawn Draper tells us why it's a great place to make - and bring - friends
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Inflation in the UAE slowed to 1.3 per cent in July from 1.7 per cent in the previous month, as housing and fuel prices saw the biggest monthly drop in more than a year.
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United Arab Emirates’ property developers and contractors may struggle to tap the bond market until a glut of homes that’s weighing on prices is sold off.
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News of falling rents in Abu Dhabi does not sound implausible any more with a number of developments across the capital steadily coming online.
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