Prabhakar Raghavendra, Author at Gemini Property Developers

Dec 15

PropTech is boosting India’s real estate sector, bridging traditional gaps

In recent years, the Indian real estate industry has been particularly proactive in the adoption of technology. As we move from traditional systems to an “all-digital” future, new technologies, innovations and alternative solutions are impacting virtually all aspects of life, including built env...

Dec 10

New law for cancelled and unfinished projects in Dubai: How Sheikh Mohammed’s new Tribunal will impact real estate

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai recently issued Decree No. (33) of 2020, in a bid to update the law of governing unfinished and cancelled real estate projects in Dubai. The Decree has led to the formation of a new co...

Dec 05

Bayut, Zillow or PropertyFinder? Online home surfing is becoming a form of escape in the remote economy

At the height of the pandemic induced social distancing and self-isolation, many of us were looking for new ways to deal with the boredom. With the buildings in which we live becoming critical to wellbeing and health, a new trend emerged – online home surfing. Reports say that millions of peop...

Nov 25

How the UAE is transforming itself, to take on a leadership position

The last few years have witnessed rapid and dramatic change in the UAE. While business friendly measures and proactive investments into emerging technologies have understandably attracted headlines, an even greater transformation is also underway, in the UAE. The soft power of nations, and there sta...

Nov 24

When the dust settles: Real Estate trends in the aftermath of the Covid-19 crisis

The COVID -19 pandemic has brought about a massive shift in the way we live and work. The onset of “new normal” has led to unprecedented challenges, but also new and unique opportunities. In terms of the real estate sector, while many experts are still in ‘wait and watch’ mode, it is worth n...

Nov 22

Oman real estate sector could get a good boost, with new rules allowing expat ownership of flats

Property prices in the Oman real estate sector have consistently witnessed a year-over-year decline of 10–15 percent since 2016(1). This downturn coincides with a steady decline in expatriate population, owing to growing protectionism and “Omanisation”. Seeing the correlation, and taki...

Nov 10

Did you know: Top investors in Dubai real estate are Indians!

According to official figures released by the Dubai Land Department (DLD) recently, Indians were the largest single ethnicity of investors into the Dubai real estate market over the last year, as well as making the largest contribution in terms of investment value(1). Not only did the total number o...

Nov 02

Time to renegotiate, as apartment rents plunge in the world’s largest cities

It was inevitable that the global COVID-19 pandemic would eventually have an effect on the real estate rental markets of the world. Many of the world’s most prominent urban centers have attracted higher rents because of their proximity to business districts, universities, exclusive dining and prem...

Oct 29

Abu Dhabi’s new dispute settlement centre reinforces real estate legal framework

According to Bayut, a leading property portal in the UAE, monthly views for properties in Abu Dhabi are steadily increasing since May. In two months, Bayut has witnessed a total traffic of five million views for its property listings in Abu Dhabi(1). This surge in interest can be attributed to many ...

Oct 25

The case for a real-estate led recovery in the UAE and GCC markets

The real estate sector is a significant contributor to the UAE economy. How significant? In an annual report(1) issued by the Dubai Land Department in September 2019, the industry’s contribution to the UAE’s GDP was pegged at 13.6%. In fact, just before the pandemic brought all economic activity...

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