Most important news about property markets

Saudi-based developer Tanmiyat Global has signed an agreement to deliver Dubailand’s first Carrefour store in its Legends Mall, located within the $1.9 billion Living Legends development which was halted for years after the global financial crisis in 2008.

The new project Downtown Views of developer Emaar was launched today very successfully.

Property owners in Dubai, who give short-term rental housing without a license will be punished by a fine of AED 5000

Investing in the real estate of Dubai is always a profitable option, only if you know the right time and the right locality to invest in. The banks consider some property developers as high-risk developers, so acquiring a home loan might become difficult in some of the new launches.

The property markets in Dubai and Abu Dhabi are expected to be stable this year although there are some fears that speculation in off-plan projects could lead to “excessive price growth” in Dubai.

Living Legends, a project of Saudi Developer Tanmiyat, which was stalled a couple of times followed by the property crash of 2008, is to deliver 150 villas in Q2 of 2015. The Living Legends includes homes, boutique hotel, shopping mall, clinics, schools and a 9-hole golf course.

A crowdfunding concept launched recently in the Gulf region has said it is seeking investors in one of the emirate's most prestigious buildings - Old Town Island at the Souq al Bahar.

Indians are among top buyers in Burj Khalifa, the world’s tallest residential tower and have invested Dh18 billion in Dubai’s real estate market last year.

After a brief period of stabilization, the housing market in Dubai may see a shortfall of supply in 2020, as the World Expo approaches, said an expert.

Dubai’s booming property market is showing signs that it may be cooling off, industry data showed, after two years of soaring prices that had drawn warnings of possible overheating from the International Monetary Fund.