Consumer price inflation is expected to rise to 3.5% this year KUWAIT: After moderating for two straight years, real GDP growth in the UAE is set to accelerate over the forecast period, edging up from 0.8% in 2017 to around 2.5% in 2018 and 3.3% in 2019. Growth will be driven by ongoing infrastructure investment[…]

Danube Properties has announced that it has sold 80 percent of the phase 1 of Lawnz, its AED550 million ($150 million) affordable housing project, within three days of the project’s launch. Phase 1 consists of 515 residential units, comprising studio, one-bedroom and two-bedroom hall apartments with prices starting from AED290,000. A second phase of the[…]

* Drake & Scull recovers from lowest ever * Union Properties jumps 9.3 percent * Haj pilgrimage helps Jabal Omar and Makkah * Abraaj dispute weighs on UAE markets * Qatar index rises 1.1 pct By Marwa Rashad RIYADH, June 28 (Reuters) – Dubai stocks closed on a positive note on Thursday after 11 straight[…]

Virgin will ground all flights between London and Dubai in 2019. (AFP) British airline Virgin Atlantic announced on Thursday it will end flights between London and Dubai, citing “external factors”, as the emirate appears to suffer an economic downturn. Virgin said the route was no longer economically viable, and flights between two of the world’s[…]

Expect more competitive terms from office landlords as rents remain flat in the midterm Apart from the age of a property, other critical determining factors for occupancy include location, floorplate design and accessibility The office market has recorded a range of activities across the board, with some companies expanding and others consolidating operations. According to[…]

The five-bedroom Mirador villa will double as a showroom for interior designer Leanne Moss Buying a house is often one of the most significant events in one’s life. In fact, it can be such an overwhelming experience that some people tend to forget that home ownership is a responsibility in as much as it is[…]

The Indian real estate sector is seeing a gradual resurgence, one year after the implementation of key policy reforms. With property prices having hit rock bottom in major cities, developers still coping with unsold inventory and the weakness of the Indian rupee, this is an opportune time for NRIs, particularly in the US and UAE,[…]

After Cluttons purchase, property firm takes one step closer with its regional aspirations Towers at Barsha Heights in Dubai. Middle East investment flows into global property have declined since 2014, but chances of a turnaround in interest are being keenly speculated. Dubai It is more than a change of name that UK’s Savills is attempting[…]

The Meraas built development on Jumeira Bay features some of the city’s priciest apartments Dubai The handover has started for the Bvlgari Residences on Jumeirah Bay, with some of the units representing the costliest transactions made in Dubai last year. The island community comprises 168 apartments, ranging from one- to three-bedroom units, six four-bedroom penthouses,[…]