Dubai’s property sales volume increased by 50% during the third quarter (Q3) of 2020, when compared to the second quarter (Q2) of 2020, as shown by the latest report by Chestertons, an international …
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Dubai’s residential property rental rates down in Q3
Despite a quarterly rise in property sales during the third quarter, Dubai’s real estate market is expected to face further challenges in both the rental and sales market, according to leading …
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Property of the week: a Dh53 million ultra-modern Dubai villa with a cinema, gym and Pilates studio
The National is showcasing some of the best homes on offer with its Property of the Week. This week, we take a look at an ultra-modern villa, located in Dubai’s Jumeirah 3. This sprawling six bedroom, …
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UAE stocks gain $1.08bln in market cap
UAE financial markets on Monday posted gains of around AED4 billion in market cap driven by upbeat sentiments and positive financial statements released by listed firms. For the second day straight, …
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COVID-19: Frontline heroes in the UAE to get housing support and discounts on travel, entertainment
Abu Dhabi: Frontliners in the UAE and their families will soon enjoy a host of discounts and privileges on travel, access to select Abu Dhabi cultural, entertainment and hospitality facilities; as …
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Frontline heroes in the UAE to get housing support and discounts on travel, entertainment
Frontliners in the UAE and their families will soon enjoy a host of discounts and privileges on travel, access to select Abu Dhabi cultural, entertainment and hospitality facilities; as well as …
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UAE frontliners to get travel discounts, financial support under new initiatives
Over the coming weeks, certain entities will roll out recognition activities and celebrations for frontliners and their families.
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Low real estate values in Dubai boost sales but are property stocks the real opportunity here?
It’s a fuzzy picture of renewed real estate sales activity in Dubai, low property values, increased sales, interest from retirees yet prices are not yet bottoming out causing a reluctance to sell, and …
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Cricket in UAE: One eye on future for Abu Dhabi T10 League
In his new role, Lorgat will advise Mulk on growth strategies for T10 cricket. He will also develop, profile and promote the Abu Dhabi T10 League worldwide with the aim of having …
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Intercontinental Exchange Provides Update on Plans to Launch ICE Futures Abu Dhabi and World’s First Murban Crude Futures Contracts
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today provides an update on its …
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Abu Dhabi T10 bring in ex-ICC chief executive Haroon Lorgat to help globalise format
“But with the announcement of vaccines being administered in Abu Dhabi in particular … “His role is not only the UAE property, but to take it global to the rest of the world, where we feel there is …
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UAE residents may see lower rents and more options to upgrade lifestyle
Apartment to villa As the property prices have experienced a decline during the past couple of years, rental too has experienced the snowball effect across the UAE. Residents who survived the Covid-19 …
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Number of Real Estate Transactions Rise in Dubai as Prices Continue To Remain Favourable for Buyers and Tenants
Dubai’s real estate market has seen some promising signs of stability with most commercial activities resuming across the emirate. As per Bayut and dubi …
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UAE’s property market could do with a reset on customer practices
In 2018, Dubai’s property segment contributed 13.6 per cent of GDP, while the figures for Abu Dhabi and Sharjah respectively were 14.4 per cent and 10.7 per cent. In other words, to paraphrase an old …
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UAE’s housing market remains dismal
The UAE’s housing market continues to suffer, amidst a huge supply glut of both apartments and oil. In Dubai, residential property prices fell by 3.27% during the year to Q2 2020, an improvement from …
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COVID-19 impact: Fewer Dubai flats, villas coming to market in 2020
Despite growing interest in ownership or investment in homes in Dubai, few new villas and flats are becoming available, as the coronavirus pandemic has markedly stalled the citys …
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Dubai to see considerably slower supply over the next 5 years
With many districts transacting nearly 35 per cent lower than their 2014 peaks, sales prices remain at a cyclical low …
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