The Dubai Cassation Court has introduced a new legal ruling necessitating the registration of the property purchase contract with the Lands and Property Department as means of proving property ownership.
Prime rental yield in Dubai International Financial Centre (DIFC) is much higher than some of the most sought after commercial destinations in the world, according to a report.
The Dubai real estate market will likely remain under pressure, at least until 2012-13, and, therefore, corporates may face significant refinancing risks given upcoming debt maturities in 2011-12, Fitch Ratings said yesterday.more...
Several apartment buildings in Dubai are facing a shortage of maintenance cash because property owners have failed to pay service fees, reported The National on Sunday.
