The recovery of the UAE property market to pre-crisis levels could take up to two years, an executive at Dubai-listed developer Damac Properties said. The recovery of the real estate market …
( read original story …)
Major Gulf stocks mixed at start of last week of trade
Major Gulf stock markets were mixed early on Sunday in the last week of trading for the year. Saudi Arabia’s benchmark index has gained 4% this year, Abu Dhabi and Qatar are up 1%, while Dubai is down …
( read original story …)
Damac Sees UAE Property Market Recovery In Two Years, Zawya Says
The recovery of the UAE property market to pre-crisis levels could take up to two years, an executive at Dubai-listed developer Damac Properties PJSC said.
( read original story …)
How much is your property worth in the UAE?
Selling your home is a big decision and can feel overwhelming. You don’t want to overprice your property and drive away potential buyers with an inflated number or under-price it and lose money. Also, …
( read original story …)
UAE real estate: Off-plan or ready property, what are you planning to buy?
Additionally, residential property prices have significantly come down so there are good deals in the secondary market. In the last 12 months, residential property prices in Dubai fell by 11.7 per …
( read original story …)
Dubai property prices slip again in Q3 as UAE forecasts 6% economic blow in 2020
New figures from UAE Central Bank reveal performance of Dubai, Abu Dhabi real estate markets during Q3 Residential real estate prices in Dubai continued to fall but at a slower pace during the third …
( read original story …)
Coronavirus: Dubai property prices down 0.9 pct in third quarter, says central bank
Dubai property prices fell 0.9 percent year on year in the third quarter after they were little changed in the previous quarter, a UAE central bank report said. For more coronavirus news, visit our …
( read original story …)
Dubai property prices down 0.9pc in third quarter
The coronavirus pandemic has increased pressure on Dubai’s property market, which for years has seen supply outstrip demand for new houses and apartments. * Citing data from the Dubai Land Department, …
( read original story …)
‘The Gate’ project due for completion in Q4, 2022 says Reportage Properties
Reportage Properties has said that construction work is progressing at a steady pace on its The Gate residential development in Masdar City, in Abu Dhabi. Construction works are said to be 20% …
( read original story …)
Your Dubai second home could be just a three-hour flight from Tel Aviv
Dubai is becoming one of the number one destinations for Israelis as new relations with the United Arab Emirates have rapidly expanded into a massive air bridge linking Tel Aviv and Dubai. With …
( read original story …)
New eco-retreat opens in Abu Dhabi
A new getaway, labelling itself as Abu Dhabi’s first eco retreat has opened on Jubail Island, next to Jubail Mangrove Park. The adults-only property Pura Eco Retreat is surrounded by nature and is …
( read original story …)
Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve
The tell-tell signs of stress are present in Dubai’s building and construction sector affecting property sales and inflating material prices, prompting the largest developed Emaar to halt supply. But …
( read original story …)
How the UAE’s coronavirus response is driving Indians to buy property in Dubai
Record low property prices and the efficiency of the UAE in containing coronavirus pandemic said to be attracting cash-rich Indians to Dubai …
( read original story …)
Dubai’s secondary residential property sales hit new high in November
The secondary residential property sales in Dubai real estate market for November hit a new high registering a total of 3,928 transactions worth AED7.65 billion ($2.08 billion), thus breaking a …
( read original story …)
Dubai Wealth Fund Adds Another Builder in Distress to Its Roster
Investment Corp. of Dubai is gaining a larger footprint in the emirate’s property market by asserting control over state-owned developer Meydan’s real estate projects.
( read original story …)
Secondary home sales in Dubai hit a 6-year high
The secondary residential property sales in Dubai hit a six-year high in November by accounting for 74.4 per cent of the total Dh7.65 billion worth of 3,928 transactions, according to Data Finder. The …
( read original story …)
Wyndham welcomes two new Dubai properties
The company has also welcome the launch of the 94-key Super 8 by Wyndham Dubai Deira – its first property in the UAE under the economy brand. Located in the historic area of Deira, the newly opened …
( read original story …)