The outbreak of Covid-19 is adding to the strain on Dubai’s already weak real estate market. The emirate has been struggling with oversupply in most segments but notably in residential and hotel sectors for about three years. Property markets in the Gulf Cooperation Council, as in most of the world, are now hit by travel[…]

Fewer new launches and potential delays in handovers of existing projects may constrict supply overall, providing support to prices and rents in the upcoming quarters. Decline in new property project launches as well as slower deliveries will help cushion prices from further fall, according to real estate consultants. “Several developers have slowed down[…]

Even during the best of times, the property market can be a stressful experience. Seasoned investors, first-time buyers, those looking to lease their property, and for many in Dubai, those looking to rent a new apartment, are often put off by the fear of the unknown.  And this was before the impact of Covid-19. The[…]

Real estate in Dubai and its stakeholders must resolutely penetrate digitalization. This way you can get going again.Photo credit: Gulf News When Dubai pioneered the opening of real estate to foreign investment in May 2002, it turned out to be a step to transform the market into the courageous, diverse and creative sector it has[…]

DUBAI, 26th April, 2020 (WAM) — On World Intellectual Property, IP, Day, which is celebrated worldwide on 26th April each year, Ahmed Mahboob Musabih, Director-General of Dubai Customs, announced that in Q1 of 2020, the authority dealt with 61 IP disputes, with a value of AED8.167 million. Some 80 percent (49 cases) of these disputes[…]

DUBAI, UAE – Mall owners in Dubai are forcing tenants to pay full rent despite a complete breakdown in the local economy, as a result of a weeks-long lockdown, and curfew. The city and emirate until Friday was off limit for all residents. Aside from a strict 10pm-6am curfew, no resident was allowed to leave[…]

Dubai real estate and its stakeholders need to make a determined push into digitalisation. That’s the way to regain momentum. Image Credit: Gulf News When in May 2002 Dubai pioneered the opening up real estate for foreign investments, this turned out to be a step towards transforming the market to the bold, diverse, and creative[…]

“Property investors include UHNWIs, family offices, trusts, and investment … Hong Kong and Dubai-based property investors and family institutional investors with … “The UK property sector has already successfully overcome several … Source link

EMPG acquires Kaidee in Asean expansion Outbreak stimulating online trade volume Emerging Markets Property Group (EMPG), a Dubai-based bespoke online classified solutions provider, has taken over Kaidee, one of Thailand’s major marketplaces, as part of its strategy to expand its footprint in Asean. “We were wholly acquired by Dubai-based EMPG in February after one year[…]

An abra driver wears protective gloves and a face mask on March 18, 2020 in Dubai, United Arab Emirates. Francois Nel | Getty Images DUBAI, United Arab Emirates — Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of[…]