Weekly Roundup 14.3.22
Friday 18 March 2022Wed 16 Feb
Share
This week has seen an increase in interest rates coming from UAE Central bank. Below you can see what our CEO Lewis Allsopp has to say on the matter and how this will effect mortgage loans and, in turn, effect the Dubai property market.
In Allsopp & Allsopp Group HQ, we’ve been gearing up for our first UK recruitment events post pandemic and reflecting on the success stories that have begun at these very events! We’re excited to see what Director of Recruitment, Kameron and Senior Recruitment Consultant, Joe muster up on their travels.
Property of the week
There's no place like home, especially when it looks like this!
This 4-bed penthouse in Orra Marina in Dubai is the place you've been dreaming of. It's stylish, it's spacious, and it even has its very own plunge pool.
For more information or to schedule a viewing, please contact Darren Purdon on +971 (0)55 944 4600
Fragrances, Finance and Flaming hot Monster Munch
In the latest episode of Taking care of Business, Lewis and Carl sit down to discuss their favourite aftershaves when they were younger, Dubai’s hottest new developments, the current and future banking situation in the UAE and of course - Allsopp & Allsopp’s newest office, with details on how you can work there.
Expo’s most popular pavillions
With Expo slowly but surely coming to an end, if yu’ve not been yet, you must at least get down there and take a look at a few of the most popular pavilions and soak in that expo atmosphere. We can assure you, pavilions or not, Expo has something for everyone and should not be an opportunity missed.
Interest rates
The UAE Central Bank’s move to raise rates will affect mortgage loans. Our CEO, Lewis Allsopp predicts we will see an increase in demand across the market as buyers look to speed up their buying process to lock their mortgage product, and therefore their monthly payments, in place now, before they increase.
He thinks that people who are sitting on the sidelines, or maybe thinking to purchase a property later in the year, may now come into the market sooner rather than later.
Tenancy eviction - what are the rules?
Sagar, our Head of Property Management wanted to highlight the rules surrounding the eviction notice given to tenants. It’s a great read for landlords to know the boundaries and excellent information for tenants who are curious to know what stance to take if they are served notice themselves. Anisha also talks about the rules surrounding rental payment increases - delve in to find out!
https://www.arabianbusiness.com/opinion/tenancy-eviction-notice-what-are-the-rules