Dubai real estate prices could decline by 10 to 15 percent over the next two years, hit by new supply, geopolitical risks and the introduction of value added-tax in the United Arab Emirates, S&P Global Ratings’ analysts said on Tuesday. The grim …
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Dubai property slump to continue: S&P
A three-year downturn in Dubai’s property market will likely continue until at least 2020, Standard & Poor’s said Tuesday, citing low oil prices, the introduction of VAT and a Gulf diplomatic crisis. A glut of housing units and weak demand were also key …
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What oil price reverse means for Dubai property
As we close the books on Q4 of 2017 and reflect on the most recent quarter, it’s clear that major political events to the west, and OPEC oil controls limiting production, have put pressure on and spooked the UAE market. Why is it the market continued to …
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S&P Global Ratings: Dubai property will continue decline to 2020
S&P Global Ratings expects a continued decline in Dubai’s residential real estate prices and rentals to 2020. Dubai residential property prices and rents declined by 5%-10% in 2017, with the global ratings company expecting this trend to continue in the …
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Dubai Wholesale City Hosts Largest Cash and Carry Facility in the Region
… committed to accelerating the development of the trade and manufacturing sectors in Dubai and the wider UAE, and helping our business partners build and grow their businesses.” Belhoul added: “We welcome Jaleel Holdings to Dubai Wholesale City.
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New Dubai Chamber report identifies fintech and renewable energy as key to boosting productivity and investment in Latin America
Entitled “Latin America’s Emerging Sectors: A Closer Look at Fintech and Renewable Energy”, the report was conducted by the Economist Intelligence Unit (EIU) and commissioned by Dubai Chamber ahead of the 2nd Global Business Forum on Latin America …
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Expo 2020 set to drive construction activity in the UAE
Sentiment in the UAE’s construction sector is optimistic as the region prepares … “Another problem is the higher cost of doing business – with the recent set of new fees introduced, cost of business is going to go up significantly this year.
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Dubai Cares Scavenger Hunt winners announced
He said: “I first heard about the Dubai Cares Scavenger Hunt was on a news article. Then I decided to embark on a challenging and day-long journey all around Dubai. I am so excited to be the first winner of the Hunt and look forward to participating in …
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Dubai property price declines set to continue until 2020
A three-year downturn in Dubai’s property market will likely continue until at least 2020, Standard & Poor’s said Tuesday, citing low oil prices, the introduction of VAT and a Gulf diplomatic crisis. A glut of housing units and weak demand were also key …
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Kasatkina slows Radwanska comeback in Dubai first round
DUBAI, United Arab Emirates (AP) — Former champion Agnieszka Radwanska lost in the first round of the Dubai Championships for the first time in nine years on Monday. Daria Kasatkina of Russia beat Radwanska 7-5, 6-4 in two hours. Radwanska, who reached No …
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Dubai’s hotel room supply to top 132,000 by end-2019
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Camel-based baby formula to hit shelves in Dubai
The Emirates Industry for Camel Milk & Products, or “Camelicious”, on Monday unveiled the product at Gulfood 2018, an international food and beverage trade event which runs from February 18 to 22 in Dubai. The milk, which it says is suitable for children …
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Dubai school suspends teacher after arrest amid child sex allegations
News broke of Ball’s arrest early Monday morning. Local reports suggested that he is originally from Mississippi and is a music teacher at the school. It has also been suggested that prior to his employment in Dubai, he was working at the Qatar Academy …
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Johanna Konta makes a winning start to her Dubai campaign
Enter your selections for free here. We will be covering the Rio Open, Dubai Duty Free Tennis Championships, and ATP 500 Acapulco this February on www.skysports.com/tennis with news, previews, live blogs, reports and expert analysis. On the move?
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UAE bourses stay sluggish amid select buying
The Dubai Financial Market General Index closed 0.84 per cent lower at 3,270.34. Traded value was at Dh233 million. “Trading volumes remained modest on UAE financial market on new catalysts, especially after Al Waha Capital proposed lower than expected …
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Mark Cavendish continues busy February with Abu Dhabi Tour
Cyclingnews will have full coverage of the Abu Dhabi Tour, with live updates of the action, stage reports, photo galleries and exclusive news. Click here to read the Cyclingnews preview of the 2018 Abu Dhabi Tour.
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Dubai’s real estate slump to last until 2020 – S&P
The grim prediction came after Dubai residential prices fell by 5 to 10 percent in 2017, and the weak property market has also begun to hurt earnings of the emirate’s top property developers. “We believe this correction will continue at least for this …
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