Archive for December, 2018

Dubai’s residential property sales price down 8.27pc

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The Dubai Residential Property Sales Price Index for all residential units decreased by 2.3 points, from 232.1 to 229.8, in November, thus registering a drop of 1.02 per cent over last year. Prices also fell 8.27 per cent year-on-year. Apartment sales prices too registered a decrease last month. The prices fell 1.06 per cent month-on-month[…]

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Oriental Pearls unveils Dubai’s Meydan freehold residential project

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Oriental Pearls, a leading Chinese real estate developer operating in the UAE, has unveiled the next-level design of its iconic 4.6-million-sq-ft development, Tonino Lamborghini Residences Dubai, that boasts 8,000 premium freehold apartments in Meydan area of Dubai. The unveiling comes after Oriental Pearls announced a multi-million-dollar agreement earlier this year with Tonino Lamborghini, a renowned[…]

Rents across Dubai forecast to fall further during 2019

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Rents across Dubai are expected to see further softening in 2019, particularly in areas with handovers of long overdue new deliveries, according to a new report. Real estate consultancy ValuStrat said rental declines next year will be most common in located within the E311 corridor including projects such as Living Legends, Dubailand, The Villages, Dubai[…]

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