|Roots Land Real Estate Newsletter – February 2015
Renowned firms active in the real estate sector published their Q4 reports this month, partially quoted in newspapers these analysis present latest property market data with month-on-month and year-on-year changes. Overall the city, the market reached a maturity stage with prices rising at a slower pace in selected areas and selling price slightly reducing in others.
However developers keep on launching new projects, this month Emaar unveiled phase 3 of Creek Harbour located along Dubai Creek, Asteco launched Reef Residence, a project developed by Reef situated in Jumeirah Village, Danube Properties unveiled Glitz a residential development in Studio City and Omniyat, Drake and Skull International launched One The Palm on Palm Jumeirah.
As related by Emirates 24/7 developers in Dubai are now requesting buyers to settle the 4% Dubai Land registration fee, Oqood fee and knowledge fee within 30 days from the booking date; before these fees were settled upon handover of the property.