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Developers 'must ease financial burden on home buyers'The current economic challenges will force real estate firms in the Gulf region to do more to ease the financial burden on investors and end users when it comes to buying homes, said Artar Real Estate Development, a Saudi-based company. More… |
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Majority of UAE residents prefer to rent homesDespite apartment and villa sale prices in the UAE dropping steadily for two years, 70 per cent of the residents opt to rent rather than buy their home, found a recent survey by propertyfinder.ae, a top real estate portal. The sur More… |
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Saudi raises home buyers' loan-to-value limitSaudi Arabia's central bank will allow mortgage companies to supply a greater share of funding for home purchases, raising the maximum permitted contribution to 85 per cent from 70 per cent of the value of the house, it said on Tuesday. More… |
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Saudi raises home buyers' loan-to-value limitSaudi Arabia's central bank will allow mortgage companies to supply a greater share of funding for home purchases, raising the maximum permitted contribution to 85 per cent from 70 per cent of the value of the house, it said on Tuesday. More… |
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Property price rise deters first-time home buyersThe rise in property prices has resulted in fewer sales transactions in the second quarter of the year and diverted potential first time home buyers to shift their immediate attention to continuing to rent in Dubai, UAE, a report said. More… |
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Nakheel home buyers seek talks over delayed projectInvestors who bought homes on a delayed project by troubled Dubai developer Nakheel are hiring a law firm to represent them as they seek negotiations with the company, a spokeswoman said. 'Nakheel have recently informed owners of furth More… |
