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Dubai to roll out fractional ownership of apartments

The new initiative is aimed at attracting investment into hotel or serviced apartment projects in Dubai. The Dubai Land Department (DLD) is set to implement a ‘fractional title deed’ concept across the emirate in a bid to attract small investors to the hotel apartment segment, Khaleej Times has learnt. The new initiative, recently announced by…

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Dubai’s house sector set for V-shaped recovery as sales hit Dh27.8b

Dubai’s residential property market is set for a V-shaped recovery as per various indices for May 2020, the Dubai Land Department (DLD) said. “Currently, the Dubai residential real estate market is going through a V-shaped recovery and when analysing various indices for May 2020, we are seeing the same V-shaped pattern in the recovery,” said…

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Dubai’s real estate market defies Covid-19 odds

Project completion rate higher in 2020 despite virus-induced slowdown The spillover effect from 2019 has resulted in a higher completion rate of property projects in Dubai this year, with over 20,000 units having been completed in the first four months of 2020 despite a slowdown in new project launches. In addition, work on construction projects…

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