Several real estate agents were fined, and brokerage licenses were suspended for non-compliance with real estate rules and regulations in Abu Dhabi.   According to authorities, 50 fines were issued against brokers for violating real estate rules and regulations during the first quarter of this year.   These brokers were also penalised for unregistered project marketing, as well as failure to adhere to professional conduct.   In addition, the Abu Dhabi Real Estate Centre (ADREC) reported that seven real estate brokers were suspended from practising, and their brokerage office was fined Dh30,000 for failing to adhere to professional conduct.   The ADREC ensured that the authority prioritises lawful practices in line with their efforts to maintain the highest…

  "Muaayana"... the first service of its kind in Dubai freehold areas   “Muaayana” disclose defects in the residential unit before  hand -off and provides a comprehensive report that includes solutions   80% of real estate sales in Dubai are to people from outside the emirate        Walid Al Zarooni     Building Rank Group provides services in 7 Middle East markets   The company started business in the UAE 6 months ago and inspected 60 properties   The cost of service which ranges between 4-8 thousand dirhams , is affordable for real estate investors   Mohammed Wisam   Dubai, United Arab Emirates  Saturday, May 11, 2024   W Capital, a Dubai based…

Walid Al Zarooni: Real estate insurance is a “trustworthy guardian” to protect real estate investments    A  W Capital assessment noted 10 benefits of real estate insurance in the UAE against the risks of fire, water, or natural disasters, such as the recent unprecedented rain storm.  “Property insurance, whether real estate or a car, has become a must after the recent severe weather conditions that caused damage to some homes and properties,” said Walid Al Zarooni W Capital brokerage CEO.  “The real estate insurance is the “trustworthy guardian” to protect real estate investments, as it provides the necessary layer of protection against a wide range of risks, such as natural damage or legal challenges, to ensure…

“W Capital” latest study   24% annual growth in off-plan property sales value Dubai Maritime City tops the list with the highest demand for off-plan sales, AED 4.24bn AED500bn in real estate sales expected in 2024 Off-plan sales activity comes in light of a group of buyers preferences to bank on the revenues, W Capital- the leading Dubai real estate brokerage – assessed off-plan real estate sales growth in the first quarter of 2024.The study expected 24% growth in sales to AED44.52bn, compared to AED35.9bn in the same period in 2023. W Capital stated in the report, which was based on data from the Dubai Land Department-DLD, that the number of off-plan sales transactions rose 27.48% on an annual basis in the first quarter of this year, to about 20.540…

To give residents more job opportunities, the Land Department (DLD) announced on Sunday that it had inked an agreement with nine developers, both private and government-backed, to assign a specific percentage of their projects to be sold through Emirati brokers.   In a deal signed with Emaar Properties, Expo Dubai, Deyaar, Damac Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development, the regulator said the aim is to “allocate a 10 percent to 15 percent quota of their projects to be sold through Emirati brokers.”   To help local talent progress in the real estate industry, the agreement was signed as part of the “Dubai Real Estate Programme.”   Furthermore, the agreement calls for…