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Many real estate investors in the UAE automatically think of villas or apartments when they consider investing in property. However, there are a number of alternative sub classes in the real estate market that a buyer can consider. Expanding beyond villas and apartments offers investors portfolio diversification and the possibility of enjoying a more hands-off investment. Buyers in the UAE have for several years favoured serviced apartments — a property type offering purchasers a turnkey solution, with full fit-out and furnishing often included in the sale price and a regular return via a rental pool. As such, owners don’t need to worry about directly managing the property and arranging tenants as someone else is doing this for them.

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Emirates Hills villa nets Dh90m in Q3-18

Rated as the costliest residential deal in Dubai, while a Downtown unit picked up Dh47.5m An Emirates Hills villa became the costliest residential property transaction between July and end September, with Dh90 million, while a seller took away Dh47.5 million from a 33,570-square-foot apartment in Downtown Burj Khalifa. The Dh90 million Emirates Hills villa, which sold on September 17 — has a built-up area of 28,710 square feet. “The ongoing trend seems to be selling Emirates

ills villa plots that could contain one or two villas on one plot,” said a source with Luxhabitat. “This fits the requirements of the larger families in the Gulf as well as some joint Indian families.” The third and fourth spots in the costliest rankings went to Palm villas, for Dh34.2 millio

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Four new CEOs appointed in Dubai Land Department

Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, issued resolutions appointing four CEOs in the Dubai Land Department, according to statement released on Saturday. Shaikh Hamdan issued Resolution No. (42) appointing Hind Obaid Al Marri as CEO of Dubai Real Estate Institute, Resolution No. (43) appointing Majida Ali Rashid as CEO of Real Estate Investment Management & Promotion Centre, Resolution No. (44) appointi

g Majid Saqr Al Marri as CEO of Registration and Real Estate Services and Resolution No. (45) appointing Mohammed Ali Al Badwawi as CEO of Corporate Support.

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