News
Dubai: Dubai’s residential market could close the year with just under 15,000 apartments being handed over, compared to 8,750 last year. Much of the handovers are taking place in the emerging locations of the city, and continue to put further pressure on property values. But the full impact of the new deliveries could be felt…
Manika Dhama, senior consultant at Cavendish Maxwell, explores the finer details of Dubai’s residential property market during Q2 and Q3 of this year The number of transactions for off-plan properties on the first day of Cityscape in 2017 increased three times, from 37 to 106, year-on-year. This was a significant leap in activity, especially with…
1,238 multi-storied buildings under construction Dubai: Construction activities in Dubai seem to have hit a new high with more than 26,000 buildings under construction in the city. According to the buildings department of Dubai Municipality (DM) there are currently 26,653 buildings under construction, including 16,870 developer’s villas, 1,238 multi-storied buildings, 770 general buildings, 737 industrial…
Dubai’s real estate continues to attract investors and the latest data show which are the most eager buyers Dubai: Wealthy foreign investors have been pouring billions of dirhams into Dubai’s real estate, snapping up apartments that can be rented out for profit or held as investments, and it looks like the trend will continue. Residents…
Owning a home is a keystone of wealth… both financial affluence and emotional security.