Archive for January, 2019

UAE investors can pick up some Belt & Road action

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A personal initiative of Chinese President Xi Jinping, the multi-billion dollar Belt & Road Initiative plans to create a new land and sea trade route connecting countries and continents, from Asia to Africa and reaching up to the doors of Europe. Several projects have already been taken up in some of these countries, with Chinese[…]

VOT the new buzzword in Dubai property market

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Vacant on Transfer (VOT) has become the new market buzzword, while secondary market sales transfers showed an uptick in transactions in 2018, according to an industry expert. The term, mainly used for a unit that is available immediately upon handover, began to be used more widely since 2018 due to prices falling in the secondary[…]

Dubai stocks sees broad-based aggressive selling

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The selling started with Damac Properties and then engulfed other property stocks such as Emaar Properties. The Dubai Financial Market General index (DFMGI) closed 1.45 per cent lower at 2,490.55. This fall dashed hopes of traders, who had been nursing losses, thought the recent recovery of more than 5 per cent in the past 20[…]

Short stay transit visa plan ‘to boost UAE hotel sector’

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Leading up to Dubai Expo 2020, the hotel sector is being driven by short-term prospects, but performance remained softened in 2018, said a real estate industry expert. The introduction of short-stay transit visas announced by the government is expected to positively impact the tourism sector overall, stated JLL, a leading professional services firm that specialises[…]

The fundamentals are what matter in Dubai’s property sector

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From blocks of government housing and real estate companies managing stand-alone apartment complexes to the era of freehold, the property market has matured, with its model widely replicated across the region. As a fundamental contributor to the economy, it is only normal that economic volatilities impact the sector. After all, economies operate with crests and[…]

US real estate delegation begins tour of Dubai

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(MENAFN – Emirates News Agency (WAM)) DUBAI, 14th January, 2019 (WAM) — An United States, US, real estate delegation is currently touring Dubai to review investment opportunities, following an invitation sent to brokers, developers, licensed real estate agents, and a large number of investors to visit the emirate. The visiting delegation, which includes over[…]

This is why it’s the best time to move to Dubai

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Fall in inflation, stronger dirham and substantial increase in purchasing power of residents help in new index. Thanks to persistent decline in rents, reduced government fees and fines, and freezing of school fees, Dubai has become even more affordable in 2019 compared to the previous year with rentals and prices of groceries and[…]