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Such a supply could be absorbed, but city still needs a firm affordable housing push Dubai could see another 80,000 homes being added to its existing stock in the next three years if developers stuck to their build-up plans. But the property market should not be too concerned that this could lead to an oversupply…
The Mohammed bin Rashid (MBR) Library currently under construction in Dubai’s Al Jaddaf area is designed to meet two green building rating systems. ASGC, the main contractor of the project, told Construction Week that the library aims to achieve platinum ratings under LEED and Dubai Municipality’s Al Sa’fat. “Both systems focus on creating an energy-…
Dubai to increase focus on affordable housing in 2018 Dubai’s government is set to increase its focus on the affordable housing market next year as residential prices continued to slip towards the end of 2017, a new report finds. According to Cluttons’ Dubai Winter 2017 Property Market Outlook, investors will continue to see Dubai as…
Over 5 million files have been converted and transferred to the new ‘smart archiving system’ The Dubai Land Department (DLD) has closed its records department as part of a move towards a ‘smart’ archiving system, according to DLD Director General Sultan Butti bin Mejran. In a statement, Mejren added that the move represens a “key…
Owning a home is a keystone of wealth… both financial affluence and emotional security.