Black Arrow Real Estate

Expo 2020 Dubai It's nearly impossible to have a conversation in Dubai these days without mentioning Expo 2020. It seems that every resident believes Dubai will host the Expo, and in a peculiar way, the bid has united the entire city. Regardless of whether they are local or non-local, every individual feels that if Dubai wins the bid, they will also win. As residents of Dubai, we strongly support Dubai's bid to become the host nation for Expo 2020. It is important to assess the impact of Expo 2020 on Dubai thus far. It's evident that one of the main reasons for the surge in property prices is investor confidence. The majority of investors firmly believe that Dubai will win the bid to host Expo 2020. This positive sentiment is also reflected in the business community, where rents for commercial offices and shops are increasing. It would be remiss not to mention the report by Oxford Economics, which states that Expo 2020 will create 277,000 jobs in Dubai. Interestingly, the r

Once again, we are witnessing a significant surge in property prices in Dubai. However, with good news comes its own set of challenges. We are already encountering issues with landlords failing to fulfill their commitments, and there is also an influx of new agents entering the Dubai property market. I must commend the Dubai Land Department and RERA for their swift actions in normalizing the market. The role of RERA in regulating brokers and providing them with training to enhance service standards cannot be understated. As a new investor, it is crucial to engage the services of a RERA-registered broker. Always verify their Broker ID card and check their company details on the Dubai Land website. Additionally, ensure that the person you are dealing with possesses extensive knowledge about the Dubai market. Most professional brokers specialize in specific areas, which grants them deep insights that benefit investors. RERA has recently introduced standardized forms that brokers complete

I walked out of the Lift as I luckily parked my car in the Basement of Emaar Sales Office in Dubai Downtown area. A gentleman walked up to me and my friend and asked me, "today is Saturday it looks like Emaar is looking for new staff, there are hundreds of people waiting outside to be interviewed". I looked at my friend and smiled, we explained him that the people outside are waiting to obtain tokens to purchase Emaar Properties new Launch. There were not hundreds but they were thousands of people outside Emaar Sales office in the hope of buying their new release. On Thursday people received a Text message from Emaar inviting them to buy the Properties they are about launch on Saturday 13th APR 2013. At the same time there were hundreds of people outside Emaar office in Downtown. It reminded me the period before the crisis in Dubai. I decided to visit the area a day before the launch on Friday just to see investors appetite for the Villas. I was actually quite amaz

In 2008, we encountered a taxi driver who approached us seeking to rent an apartment. It was a challenging period for renters due to the soaring rental prices. The government's implementation of the "one villa one family" policy and the planned demolition of a section of Satwa added to the strain on the already limited supply of apartments in Dubai. Returning to the taxi driver's story, despite having a steady income, he faced great difficulty finding suitable accommodation. We informed him that an apartment would become available in three days. However, with nowhere else to go, the taxi driver shocked us by sleeping in his taxi outside our office for the entire three-day period, just to secure the apartment. This incident highlights the desperation of the situation. During that time, we frequently had landlords approaching us, requesting us to ask tenants to vacate their apartments at the end of their tenancy contracts. Rental prices were escalati

I It has been some time since I last wrote about Dubai properties, and this in itself is evidence of the revived state of the Dubai property market. My increased engagement with customers further reinforces this observation. A few months ago, the Central Bank introduced a policy limiting expatriates in Dubai to obtain only a 50% Loan-to-Value (LTV) ratio for the properties they intended to purchase. This measure was implemented to prevent the property prices from spiraling out of control once again. However, a few weeks later, the Central Bank decided to reverse its decision, opening the doors for buyers on the sidelines to take advantage of unrestricted LTV ratios. It was announced that the Central Bank would review the situation after a period of 9 months. As a result, property prices have begun to rise once again. Concurrently, we have witnessed a substantial 40% increase in rents in Dubai's International City compared to the previous year. The property prices t