News
Developer also reports big drop in revenues, main ly due to managed wind down of Thermo subsidiary Union Properties on Tuesday reported a net loss of AED45 million ($12.2 million) for the third quarter compared to a net profit ofAED32 million in the same period last year. The Dubai-based real estate developer delivered revenues of…
It is the million-dollar question playing on the minds of expatriates in the country Should I continue to rent a property or buy? It is the million-dirham question playing on the minds of expatriates in the UAE. Many people arrive in the Emirates thinking they will do a two to three-year stint but before they…
Healthy third quarter results see non-oil foreign trade jump 13% to Dh344b Dubai: The Dubai economy continued to see strong growth despite challenging regional and global economic conditions. Dubai’s non-oil foreign trade increased to Dh344 billion in the third quarter of 2017, an increase of 13 per cent year-on-year from Dh305 billion in the corresponding…
As real estate prices remain under pressure, primary market keeps transactions afloat As sales prices and rents continued to feel a downward pressure in the third quarter, the bright spot in an otherwise languid market has been the increasing sales activity in the primary segment, with off-plan projects still managing to attract good prospects. “Strong…
Owning a home is a keystone of wealth… both financial affluence and emotional security.