Need some mortgage advice? – Dubai Real Estate

July 30th, 2015

Home Matter mortgage Dubai offer the best rates in the market. Jean Luc Managing Director gives us a lit insight of the market rates.

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Dubai Investments set to boost its portfolio

January 12th, 2015

Plans to conclude Dh400m acquisitions in financial, real estate sectors by mid-2015.

Dubai — Dubai Investments, or DI, has unveiled plans to further expand its diversified portfolio by announcing two acquisitions in financial and real estate sectors for Dh400 million.

The leading investment company, which is listed on the Dubai Financial Market, is expected to conclude both the acquisitions by mid-2015 as final round of talks are still under way, according to sources.

Dubai Investments set to boost its portfolio  The new acquisitions are expected to reinforce Dubai Investments’ robust growth across its 40-plus subsidiaries and joint ventures, amidst surging trends and escalating investor confidence, DI said in a statement on Sunday.

The new financial entity, with expertise in asset management, corporate advisory, debt raising and brokerage capabilities, will augment DI’s capabilities in the sector.

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“The strategic move to acquire a financial services company will help Dubai Investment to prepare some of the firms in its portfolio for initial public offering in near future,” the sources said.

“We are eyeing expansion across our group portfolio and new acquisitions are in line with this strategy. The financial service company is a right fit for us and perfectly complements our model,” Khalid bin Kalban, managing director and chief executive of Dubai Investments, said in a statement to Khaleej Times…read more

Source: Khaleej Times

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Buying Dubai property cheaper than renting?

January 12th, 2015

Buyer has to pay 25% in cash, 4% in DLD charges, 2% agent fee

View from Burj Khalifa in Dubai

UAE-based company suggests time may be ripe for renters in Dubai to become homeowners. (Patrick Castillo)

Buying a property or renting one is a personal decision, but a new research by a UAE-based company suggests that time may be ripe for renters in Dubai to become homeowners.

“Our analysis reveals that many tenants may now be able to purchase a property similar to the one they are renting at a lower monthly cost. This appears to be particularly the case for lower cost starter type home,” says Declan King, Director & Group Head – Real Estate, ValuStrat.

He believes stabilisation in residential sales prices during the second half of 2014, along with continued increases in rental rates during the same period has brought about a scenario where it is now cheaper to pay a mortgage then equivalent rent

Their analysis of properties worth Dh1.57 million or less in freehold locations revealed monthly costs as follows:

Two assumptions for the analysis are annual lease on un-furnished basis and  75 per cent loan-to-values, 25 year loan term and 4.25 per cent interest rate…read more

Source: Emirates 24/7

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Does renting still make sense in the UAE?

January 8th, 2015

To buy or not to buy – that is the question faced by many UAE tenants.

The economic recovery brought with it skyrocketing rents and property prices in Abu Dhabi and Dubai. But both began to stabilise earlier this year.

If increases in rents remain low, 2015 will be a “good year for renters”, according to Erik Volkers, senior consultant at CBRE.

But Ben Crompton, the managing partner of Crompton Partners estate agents in Abu Dhabi, forecasts a 5 to 10 per cent rise in rents in Abu Dhabi this year – which he says boosts the case to buy. read more

Source: The National

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