Amid the flourishing real estate sector in Dubai, here are the most affordable neighbourhoods to buy and rent properties
rental property
Latest in rental property
India
NRIs widen investments into commercial, rental properties as Indian real sector shows take off signs
NRIs are also now increasingly opting for under-construction projects by leading developers, contrary to the earlier trend of NRI demand for ready-to-move-in properties
Dubai
Office rents in Dubai surge higher than London and New York, indicating market recovery
The rise comes as global banks and businesses look to the emirate to expand into the emerging global financial hub
affordable housing
Dubai tenants look to Jumeirah Village Circle amid soaring rental prices
Rental costs in Jumeirah Village Circle were up 7 percent to 16 percent, averaging at AED34,000, AED48,000 and AED70,000, for studios 1-bed and 2-bed units
Digitisation
Real estate rental payment in Dubai is going digital
Tenants will be able to make direct rental payments using their bank accounts, instead of issuing cheques
digital investments
Dubai-based real estate crowdfunding platform eyes Saudi market after $3 million funding round
SmartCrowd, which allows individual investors to take a “fractional” share in a rental property, has funded more than 70 properties and transacted over AED 50 million
mortgage finance
Armed with knowledge: A smarter approach to real estate investment
Here’s how you can pick properties which are ripe for investment, and diversify your portfolio to make it less susceptible to market fluctuations