dubai real estate
Residential sales and rental prices in Dubai continued to decline in the first quarter, and the trend is expected to persist throughout the rest of 2018, the third year in a row of a market slump, according to a report by consultancy Core Savills. “Challenges of oversupply, mismatch between offer and supply, weakening demand across…
Buy or rent a home in Dubai? Residential rents in Dubai are now more than 15 to 20 per cent lower than peak levels in 2015 while sales prices are also fall in affordable category with increasing supply of residential units, says a latest report. With the onset of an early Ramadan followed by summer,…
Nakheel awards Dh595m contract for Nad Al Sheba Mall. Nakheel has awarded a contract of Dh595 million for the Nad Al Sheba Mall, a 1.4 million square foot facility that has a total development value of Dh825 million. Metac General Contracting Co will build the mall, which will have 200 shops, restaurants and entertainment outlets…
Nakheel records Dh1.55b in first quarter net profits Nakheel has reported net profits of Dh1.55 billion for the first three months of 2018, which is a 5 per cent gain over its first quarter 2017 returns. During this period, it handed over around 200 land and built units, and also sold the last of the…
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