Archive for January, 2019

UAE’s property prices fall further

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Trend: Dubai house prices fell by 8.73% y-o-y in Q3 2018 In Dubai, residential property prices fell by 8.73% during the year to Q3 2018, worse than last year’s 2.84% decline, amidst weak economic growth, low investor sentiment, and an oversupply of housing. During the latest quarter, house prices in Dubai dropped 2.15% q-o-q. Dubai’s[…]

Dubai South Properties gears up for Expo 2020 gala

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Dubai South Properties, the development and real estate arm of Dubai South, said preparations are well on track to effectively meet the constantly evolving property and community needs of discerning investors and end-users, who seek to explore the attractive propositions offered in Dubai South ahead of Expo 2020. Recognised as the UAE’s flagship urban development,[…]

Billionaire Dubai sultan enrages his Surrey neighbours

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A billionaire from Dubai has enraged his neighbours by asking for permission to erect a 6ft high security fence around his £75 million estate after putting it up.   Crown Prince of Dubai Sheikh Mohammed bin Rashid al-Maktoum put up the ‘prison boundary’ metal fence at his Surrey home last year, without planning permission. He has[…]

Saudi banks, Dubai shares give Gulf markets a timely boost

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DUBAI: The Dubai stock market snapped a three-day losing streak on Wednesday, boosted by its financial and property shares, while Saudi Arabia rose on the back of its banks.The Dubai index was up by 0.9 percent with Emirates NBD, its largest bank, adding 2.1 percent and its largest listed developer Emaar Properties gaining 2.2 percent. Gulf[…]

Prime residential opportunities in Dubai

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While the prime residential property market saw a drop in values last year, a trend that investors are keenly observing, the market is also winning new buyers, especially from fast-emerging international markets. The prime residential market last year totalled Dh39 billion, down by around 11 per cent compared with the previous year, according to research[…]

Buy Dubai house, get free trade licence

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Emaar, Dubai Multi Commodities Centre launch 200 units in Dubai Hills Estate. You can now buy a home in Dubai and get a trade licence free with it. Emaar in partnership with the Dubai Multi Commodities Centre has launched 184 units in an under-construction building in Dubai Hills Estate. Those who pay 20[…]