News
Latest analysis looks at where rents are headed and what awaits tenants in Dubai over the next few months Dubai: With a glut of apartments and villas for lease and tenant demand failing to keep up, rents in many areas around Dubai have been heading south for some time now. And if the latest analysis…
Off-plan properties accounted for 73 per cent of overall sales volumes in Q3 The rise in residential off-plan property sales in Dubai may now delay the recovery of the overall market, according to a new report by ValuStrat. The majority of residential transactions in the third quarter of the year came from the sales of…
Emaar Properties expects to sell a 20 per cent stake in its real estate development business next month in an initial public offering, it said on Sunday, with the smaller than anticipated sale sending its shares down by more than 2 per cent. Dubai’s largest listed developer said in a bourse statement that it had…
Demand for real estate in Dubai is growing even as the emirate prepares to host Expo 2020, the Dubai Land Department (DLD) has said in its latest report. In the first nine months of this year, a total of 52,170 transactions were recorded with a total value of Dhs204bn. According to the report, there were…
Owning a home is a keystone of wealth… both financial affluence and emotional security.