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Dubai villas recorded their first rise in rents since 2009, according to CBRE.
Dubai caused a splash this month when the emirate launched plans for an underwater hotel. But while the building's ambitious design has won waves of followers across the globe, Dubai's submerged development is not the world's first water-logged resort. And so TheMoveChannel.com straps on its scuba gear to dive into the depths of the real estate market and bring up the world's top underwater homes.
A new law proposed for Dubai will ensure more refunds for buyers if developers fail to meet their legal obligations.
The Dubai Land Department is planning to restrict the sales of off-plan properties.
Dubai transactions reached a total value of Dh12 billion (£2 million) in the first quarter of 2012, the Dubai Land Department reveals.
Abu Dhabi has resumed several paused projects this week, the emirate's executive council has announced.
Rental rates for residential and office property in Abu Dhabi fell sharply in the first quarter of 2012, according to CBRE's latest report.
Up to 80 foreclosed properties are lined up for sale this year, the Dubai Land Department has announced.
Rents for residential property in Dubai climbed by one per cent in the first quarter of 2012, in comparison to the final three months of 2011.
Residential sales transactions saw a natural increase in January and February 2012 as mortgage lenders compete to offer the most attractive packages, according to the latest real estate report from Cluttons.
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