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Construction of the world’s next tallest tower in Dubai has reached a new milestone and is running ahead of schedule. The 450 skilled workers commissioned for the $1 billion (Dh3.6 billion) project have just completed the concrete placement for the pile cap of the super-tall masterpiece, it was announced on Tuesday. The pile cap is…
According to Cluttons, residential rents across Dubai registered no change during the first quarter of 2018, helping improve the annual rate of change to -3.1%, from -7.7% at the end of last year. This marks the first stable quarter for rents in the emirate in over two years. Cluttons’ Dubai Spring 2018 Property Market Outlook…
Average office rents across Dubai softened by 4.3 percent year-on-year in the first quarter of 2018 despite greater activity levels, according to a new report. Knight Frank Dubai, in its Q1 2018 UAE Commercial market update, said the occupier market witnessed a strong start to the year with a clear uptick in demand. While there…
The recent fire that hit the Zen Tower in Dubai Marina is yet another reminder of the vulnerability of residents to such catastrophes. In fact, the incident was the latest in a spate of high-profile tower fires in recent years: Tamweel Tower in Jumeirah Lakes Towers in November 2012, the Torch Tower in Dubai Marina…
Owning a home is a keystone of wealth… both financial affluence and emotional security.