A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market ‘bottoming out’ before the end of 2017, according to leading international real estate consultancy, Cluttons.
( read original story …)
Dubai real estate meltdown: Burj Khalifa rates plummet by 25%
Over the past 12 months, the Burj Khalifa has registered a 25 per cent correction in values, making it the weakest performer in Dubai. Hattan Villas at The Lakes (–13.5 per cent), Hattan Villas at Arabian Ranches (–12.6 per cent), villas on the Palm …
( read original story …)
Why investing in Dubai property is a good idea
Here are just a few reasons for investors to consider committing to the Dubai real estate sector: 1. Expo 2020 is coming to Dubai Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations.
( read original story …)
Fire hits Dubai high-rise complex near world's tallest tower
An inferno burned early Sunday in a high-rise tower complex being built alongside Dubai’s largest mall, its thick black smoke shrouding the world’s tallest building nearby in this desert metropolis where skyscraper blazes remain a worry. Though authorities …
( read original story …)
Fire engulfs 72-storey skyscraper in downtown Dubai
An inferno burned early Sunday in The Address Residences Fountain Views, a high-rise tower complex being built alongside Dubai’s largest mall.
( read original story …)
Fire rips through highrise near Dubai's Burj Khalifa
DUBAI, United Arab Emirates — An inferno burned early Sunday in a high-rise tower complex being built alongside Dubai’s largest mall, its thick black smoke shrouding the world’s tallest building nearby in this desert metropolis where skyscraper blazes …
( read original story …)
Aldar Properties awards AED500 mln contract for Mayan development
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has awarded its main contract for Mayan, a luxury residential development located on Yas Island, to Ghantoot General Construction, one of the leading …
( read original story …)
Dubai property market to ‘bottom out’ before end of 2017
Dubai’s property market is stabilising and is on track to “bottom out” before the end of 2017, a new report by real estate consultancy Cluttons has found. While prices in the residential market continued to drop in the first quarter of the year, the …
( read original story …)
Dubai Real Estate Market on Course to Stabilize during 2017
A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market ‘bottoming out’ before the end of 2017, according to leading international real estate consultancy, Cluttons.
( read original story …)
Abu Dhabi’s Plowing Ahead With These 10 Mega Projects During an Oil Slump
Abu Dhabi, which sits on about 6 percent of the world’s oil reserves, has pushed ahead with a construction program that began before crude prices slumped in 2014. From a branch of Paris’s Louvre museum, a new airport terminal and a nuclear power plant …
( read original story …)
DO NOT PUBLISH- Abu Dhabi’s Plowing Ahead With These 10 Mega Projects During an Oil Slump
Abu Dhabi, which sits on about 6 percent of the world’s oil reserves, has pushed ahead with a construction program that began before crude prices slumped in 2014. From a branch of Paris’s Louvre museum, a new airport terminal and a nuclear power plant …
( read original story …)
Large fire burns in Dubai near site of dramatic 2015 blaze
A large fire broke out early Sunday at a high-rise complex under construction near Dubai’s largest shopping mall, sending thick gray smoke billowing over the heart of the city. The site is next to the Dubai Mall and near the 63-story The Address Downtown …
( read original story …)
Building near Dubai Mall catches fire
“It was around 5.40am that we saw the fire. At first look we thought it was Dubai Mall that caught fire and we were in shock,” Jaseem told Gulf News. He said soon they realised it was a nearby building under construction that caught fire. “I think the fire …
( read original story …)
Rise in UAE trailer accidents prompts training review
… focusing on specialised skills required to drive heavy trailers and tankers will become mandatory in Dubai from the end of this year, Gulf News can confirm. The Roads and Transport Authority (RTA) has already introduced an additional theory class for …
( read original story …)
Shanghai Delighted by Dubai Property Show
Shanghai World Expo Exhibition hosted the Dubai Property Show. It was opened for the general public at the Convention Centre on Friday, 24th March, taking the emirate’s top properties to Chinese buyers. Majida Ali Rashid, assistant director-general of …
( read original story …)
Al Gergawi: Strong leadership, innovation make UAE a success
Abu Dhabi: The UAE is well-placed to tackle challenges thanks to the strong foundations laid down by its leaders and the culture of innovation they have fostered, Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, said. He was …
( read original story …)
Passengers on WestJet, Emirates flights may have been exposed to measles
The news release said members of the public may have been exposed … They included: Emirates Airlines flight EK517, which departed Delhi, India March 19 at 4:12 p.m. and arrived in Dubai, United Arab Emirates at 6:13 p.m., and Emirates Airlines flight …
( read original story …)