DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
( read original story …)
Property Prices Tumble in Dubai, a Mecca for the Superwealthy
DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
( read original story …)
Imkan to turn Abu Dhabi park into an open-air green space
UAE-based property developer Imkan said it has joined hands with Abu Dhabi Municipality to help transform the formerly walled Khalidiya Ladies park into an open-air, accessible, multi-dimensional gree…
( read original story …)
Three reasons why Dubai property market will likely rebound after two years
Expo 2020 boost: Real estate investment management experts JLL expect the Dubai property market to hit bottom in 2021, with the city getting a lift from the World Expo 2020, which is expected to host …
( read original story …)
MIDEAST STOCKS-Saudi slides on weakness in blue-chips, UAE hit by property woes
Abu Dhabi shares were hit by selling in Aldar Properties which ended 1.9 percent lower and First Abu Dhabi Bank which dropped 0.9 percent. Dubai was dragged down by DAMAC Properties , which dropped 3. …
( read original story …)
Abu Dhabi sets up new energy company to help develop the water and power sector
The new entity will own the money, property, stakes and shares of all companies of the Abu Dhabi Department of Energy, the statement added. The company will also own all of the assets of the departmen…
( read original story …)
Is it time to allow foreign lenders into the UAE mortgage market?
The UAE is ripe for property investment, with thriving industries and large expat communities. But high deposit rates and restrictions on lending are holding it back. Opening the door to foreign …
( read original story …)
Rents are falling… Who wants to move to a new home in UAE?
Falling rents in the UAE are a good reason to move into a brand-new apartment or villa in a desirable location. However, independent studies and reactions from real estate companies, property builders …
( read original story …)
Dubai property glut on show in worst week for stocks since 2016
Dubai stocks are giving investors an update on the woes confronting the local real-estate industry. The DFM Real Estate & Construction Index has fallen about 7% in the past five days, the biggest week…
( read original story …)
Ups and downs of real estate essential for market maturity
Dubai’s real estate market has always been one of the cornerstones of this country’s success. Whether you’re talking about architectural feats such as the Burj Khalifa or the probability that you boug…
( read original story …)
‘Suits’ star Gabriel Macht features in tongue-in-cheek Dubai real estate advert
A new Dubai Properties advert has landed, starring none other than Suits’ Gabriel Macht aka Harvey Specter. And in the advert, which advertises a new Jumeirah community of luxury homes called Madinat …
( read original story …)
Homefront: ‘What deposit do I need to secure a mortgage in the UAE?’
SM, Dubai At the end of 2013, the UAE Central bank changed its lending criteria which meant an expatriate could secure 75 per cent of a home’s value in mortgage finance for a ready property up to the …
( read original story …)
Affordability key to UAE’s residential property market
Affordable housing is set to gain traction in the UAE as property developers shift their focus to this segment by targeting the middle-income population in a bid to double their share in total real es…
( read original story …)
MIDEAST STOCKS-FAB elevates Abu Dhabi, COMI lifts Egypt
Abu Dhabi closes at highest in more than four years * ADCB reaches its highest in more than 13 years * Property stocks continue to slide in Dubai * Egypt bule-chip index rises for eighth straight day …
( read original story …)
UAE site Bayut’s parent company closes $100m funding round
Emerging Markets Property Group (EMPG), the parent company of UAE property website Bayut.com, closed a $100m investment in its latest and largest round of funding, it announced on Sunday.
( read original story …)
Off-plan residential property sales in Dubai fell by 30% in 2018
Off-plan real estate sales in Dubai’s residential property market dropped by 30 per cent year-on-year in 2018, according to a new report by consultancy Core. The report stated that while off …
( read original story …)
Avalanche of new homes in Dubai extends property slump
Zainab Fattah Dubai’s homeowners will have to wait at least a couple more years for a long-running property slump to hit bottom as developers put a record number of new residences on the market this y…
( read original story …)