A note from the MD
Dear Espace Clients, We are delighted to report the strongest start to a year since we opened for business 11 years ago. The market is extremely active with a significant increase to year on
Read more
IMPACT OF COVID 19
UAE Economy Efforts to contain the coronavirus outbreak are hitting the UAE’s economy hard. The whole on economy PMI, which covers the non-oil private sector, dropped to a record low of 44.1 in April and the survey for Dubai fell even further. The implications of COVID 19 and the damage to Dubai’s economy was highlighted […]
THE POWER OF FISCAL STIMULUS
Read what John Lyons has to say in the latest Property Trends published by Leading Property Portal, Property Finder. With monetary policy currently tightening and interest rates rising, the UAE government’s new financial initiatives are crucial. Those of you who have been keeping a close eye on the economic landscape of the UAE will have […]
Q3 2018 Dubai Market Report
Q3 2018 report provides a summary of the Dubai residential market as well as a sector focus on building consultancy. Price movement, rent and yield statistics, residential transactions and upcoming supply of residential properties are provided through Property Monitor, a real estate intelligence platform, powered by Cavendish Maxwell. The report also incorporates the Property Monitor […]
The Power Of Fiscal Stimulus
Those of you who have been keeping a close eye on the economic landscape of the United Arab Emirates will have recently seen a robust and expansive approach to fiscal policy. This is in the face of the tightening of monetary conditions, and the associated headwinds created by rising interest rates. The recent trend of […]
Should off-plan credit schemes ring alarm bells?
Developers put themselves at risk by not fully assessing the buyer’s financial worthiness at the outset The Dubai residential property market is dominated by two areas – secondary and off-plan. The secondary market, fully regulated with mortgage caps in place, reduces the inherent risk in the property market. Strict guidelines imposed by banks decide if […]
Reforms will ease cost of doing business in UAE
Business community has welcomed the new UAE legislations Members of the UAE business community have welcomed the new UAE legislation that replaces bank guarantees for private sector labour recruitment with a low-cost insurance policy that will reduce costs for employers. It does away with the Dh3,000 bank guarantee companies currently have to deposit for each […]
Q1 2018 Dubai Market Report
Q1 2018 report provides a summary of the Dubai residential market as well as a sector focus on the commercial property market. Price movement, rent and yield statistics, residential transactions and upcoming supply of residential properties are provided through Property Monitor, a real estate intelligence platform, powered by Cavendish Maxwell. The report also incorporates the […]
Don’t Put Your Dubai Property Up For Sale Before Reading This
When you’re selling your property or home in Dubai, you probably have a couple of goals in mind. You will be eager to ensure that your home sells for an excellent price and ideally sells rapidly. But, aside from this, there are a few details you will need to bear in mind to ensure that […]
What is EJARI And Why Do You Need To Get Yourself Registered?
If you’re thinking about renting a property in Dubai, you have probably heard about EJARI. It is vital that anyone renting in Dubai familiarise themselves with this term by learning what it means and why it’s essential. EJARI can seem complicated for foreign investors, but we can help you break it down, answering some of […]
Everything Business Owners Need To Know About Dubai’s New VAT Rules
January 1st, 2018 was a landmark moment for taxation in Dubai. For the first time, VAT was introduced to the state, which has lead to much confusion and debate among business owners. Below, we’ll look at what this change means for you as a business owner, and how you may wish to navigate the transition. […]