“We're entering a crossroads now,” Damac Properties PJSC Chairman Hussain Sajwani said in a Bloomberg interview. “Either we fix this problem and … Source link
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Video Credit: Irish Eden R. Belleza and Sonia Shah You’ve always wanted to own your own home in Dubai but never thought you could? Well, now is the best time to buy in years, according to property experts. With falling house prices, plans to extend visas to ten years and an ever-growing list of new[…]
Photo for illustrative purposes only Image Credit: Courtesy of Kennedy Towers DUBAI: Indian expatriate Sabita and her family of four were living in a five-bedroom villa in Satwa until recently. Last month, they moved into a nine-bedroom property in Al Jaffiliya. “We could rent the bigger villa for just Dh190,000 a year. It was a[…]
Dewali gold shoppers at the Joyalukkas Jewellery in Burdubai. Dubai. Photo: Antonin Kélian Kallouche/Gulf News Image Credit: Dubai: Gold’s current high price levels are actually turning out to be a boost for demand among UAE’s shoppers, and taking jewellery retailers by surprise. The sudden pick up in demand against all odds is not just that[…]
Saturday, October 26, 2019 Smart Dubai has signed a partnership agreement with leading real estate portal Property Finder to promote the use of advanced technologies to enhance people’s real estate journey. Smart Dubai first announced plans to partner with Property Finder in April 2019 as it launched the Dubai Data Private Sector Strategy and[…]
New JLL research says Dubai’s residential real estate market is showing signs of stability during third quarter Dubai’s residential real estate market is showing signs of stability with price declines slowing during the third quarter of 2019, according to JLL. JLL’s latest UAE Market report revealed marginal declines of just 1 percent in both apartment[…]
The sustained price-correction in Dubai’s property market could soon be a thing of the past, according to Sobha Group Chairman, PNC Menon. In an exclusive chat with CNBC-TV18, the Omani businessman, with origins in Thrissur, Kerala, said that Dubai’s more credible developers have already reduced selling prices on respective projects and that there is no[…]
Latest Bayut research shows prices in the UAE capital have either held steady or slightly increased during the third quarter Property sales prices in Abu Dhabi have taken a positive turn with the prices either holding steady or slightly increasing during the third quarter of 2019. Bayut’s latest market report shows that the Abu Dhabi[…]
Dubai Municipality has unveiled the world’s largest 3D printed two-story structure in the world. Spread across a total area of 640 square metres, the project in Warsan stands at a height of 9.5 metres. It is the “largest and first” 3D printed two-story structure in the world executed by undertaking 3D printing onsite directly under[…]
The Central Bank of the UAE plans to further tighten regulations to avoid excessive real estate exposure and encourage banks to maintain diversified assets. The apex bank has issued a framework for banks’ real estate exposures for consultation, which includes additional regulatory requirements for banks, with higher real estate exposure who cross the set threshold[…]
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