Blog | Christie’s International Real Estate Dubai

Stay up to Date with the Latest In UAE’s Lifestyle News, Property Market Updates and Visa Regulations

First quarter of 2021 reports low rent

ValuStrat, a leading consultancy firm in the Middle East, released real estate market reports for the first quarter of 2021, which ascertained that Dubai residents have experienced an 11% drop in year-on-year rental prices. However, the company has reported that the declining percentage figure is reflective of heightened competition in the marke....

ng an increasingly steady market. </p> <br> <p>As leading property development companies across the country share projects, which amount to a significant introduction of new properties throughout the year, industry experts believe that rental prices will continue to stabilise post-pandemic rather

UAE Based Bank Accounts for Non Residents

As a luxury destination that attracts millions of tourists every year, and a haven with wholly respected and implemented COVID-19 safety measures, Dubai has continued to welcome an increasing number of non-residents who are now choosing to extend their stay in the popular seafront city. In light of this, a burning question for non-residents is whet....

note. The majority of banks will only offer non-residents the ability to open a savings account with access to a debit card for withdrawal and no cheque book. The procedure may take longer than it would for a non-resident due to the extra documentation and approval requirements and the account hold

Introducing the Mollak System

With innovation leading the city’s progress, Dubai has introduced a platform that allows joint property owners and Dubai Land Department to regulate, pay, monitor and access property-related service charges. The Arabic translation for the word ‘owner’, Mollak was built by the Real Estate Regulatory Authority (RERA) to simplify home....

. <br><br> A new process that prioritises speed and convenience; the Mollak framework is intended to create 4 invoices every year, customarily one invoice per quarter based. Any outstanding balances will be uploaded onto the platform through the Owner Association (OA) manager (e.g. Kingfield, Saga

Leading Developer Spearheads 8 New Projects Across UAE

Reportage Properties, one of the UAE’s prime property developers, has contracted eight new projects that span across Dubai and the country’s capital, Abu Dhabi. The plan comprises 5,000 units across eight projects within notable communities, including Yas Island, Masdar City, Al Raha Beach and more. The developer’s CEO, Islam Ahmed S....

pany successfully garnered a growth ratio of 125%, which upholds the positive performance that the UAE’s real estate market continues to demonstrate, even in the face of a globally tumultuous year. <br><br> Suleiman reported that the company maintained every project’s schedule and was able to m