Business

You may have a commercial mortgage on your mind, and while these mortgages may seem complex, navigating them in Dubai is far simpler than you think. With mortgage rates in the UAE friendlier than globally, and with better lending options, a commercial mortgage in Dubai is much easier for property buyers. To make things easier, our in-house experts at Allsopp & Allsopp Mortgages have put together a...

Dubai, often referred to as the “City of Gold” or the “Pearl of the Gulf,” has rapidly transformed into a global hub for business, luxury living, and tourism. Its world-famous skyline, iconic landmarks, and unparalleled extravagance make it a prime destination for expatriates seeking to invest in the real estate market. When it comes to purchasing properties in Dubai, one of the key factors that...

Dubai's renowned luxury developer, Binghatti Properties, has unveiled a $1 billion branded Downtown residence of duplex and triplex apartments. In partnership with German luxury carmaker Mercedes-Benz, the opulent Mercedes-Benz Place by Binghatti will grace one of the last remaining plots of land in the coveted Downtown Dubai. Scheduled for completion in Q4 2026, the 65-storey tower will feature 150...

Question: Having recently signed a lease for a 2-bedroom apartment in Dubai, I've noticed a drop in rents in my building, with others renewing their contracts at significantly reduced annual rates. Can I renegotiate for lower rents in this situation? Answer: In response to your questions, assuming that the lease of your two-bedroom apartment is registered with the Real Estate Regulatory Agency...