News
The Dubai Government’s recent announcements to promote foreign investment and investor confidence is likely to boost demand in the city’s office market in the medium term, according to consultants JLL. Its latest report said the reduction in the fee charged on businesses by the Dubai Municipality from 5 percent to 2.5 percent and the relaxation…
The demand for luxury property is seeing a rebound in Dubai, going by the widening spreads between prime and general real estate properties in the apartment and villa segment. In a bull cycle, luxury properties outperform the city average in terms of price per sq ft and this is true across all global cities. During…
Dubai Land Department (DLD) on Sunday announced a Memorandum of Understanding (MoU) with Informa Middle East, organiser of the region’s biggest property event, Cityscape. The agreement aims to focus its efforts on promoting Dubai as an attractive regional and international investment destination, and strengthening its position as a prime investment hub. It will also highlight…
As Dubai’s retail real estate footprint continues to aggressively expand, analysts say development efforts may be moving in the right direction, in tune with a global trend. The key: innovation, particularly in food and beverage (F&B) concepts. According to CBRE’s retail science research report, How Global is the business of retail, the continued success of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.