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The Dubai Land Department will demand payment of the purchase cost being made in the kind of a supervisor's cheque made payable to the seller on the date of transfer. Once formalities are finished, a new title deed will be provided in the name of the purchaser.

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Dubai property firm Emaar's 2020 profit plunges, DAMAC posts wider loss -  Al Arabiya English

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Rumored Buzz on Investors and expats return to Dubai's housing market

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Dubai is the location to live and invest, however the market of Dubai is fuelling a robust economic healing. Since the pandemic and lockdown, the genuine estate industry of Dubai fell into a hole, and the worldwide investors were on the edge of breaking down. The trends were entering into a different zone, and investors had no concept how to calm it.

The global investors keep an eye on the. The villas at Dubai's signature Palm Jumeirah also known as Artificial Island, and other areas such as golf course estates; are heavy financial investments. Dubai's realty market was decreasing because 2014 and eventually entered into a flatline after the pandemic.

Fascination About Investment Analysis of Emirian Real Estate Market - Global

Remarkably, the circumstance after the lockdown eased was in favor of real-estate investors. Right after the lockdown period, the transaction volume increased, and Dubai's residential or commercial property value grew. We can now witness month-on-month gains and volumes, and there is a visible distinction in the market rates. Not to mention, Dubai was one of the first locations to open borders for visitors.

Moreover, they revealed a passionate reaction to vaccination programs. Dubai has the highest vaccination rates, as per global statistics. Life in Dubai is returning to typical, as hotels and dining establishments are now open with couple of restrictions. However, Dubai dealt with a rise in Covid cases right after the new year and Christmas holidays.