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Dubai’s latest district gets a new name

Burj 2020 will now be known as Uptown Dubai and come up next to JLT cluster Dubai is getting a brand new name for its latest “district” in the making. “Uptown Dubai” will now replace Burj 2020, and the masterplan will encompass an area of 10 million square feet featuring seven towers, set on seven…

Mideast’s wealthy go slow on overseas property buying binge

After 2015’s record-setting $30b spend, it comes down to $16b and could remain at these levels Dubai: Middle East investors cut their overseas real estate investments by nearly half in 2016, totalling $16 billion (Dh58.7 billion) to 2015’s $30 billion. As such, the 2015 tally would have been quite a difficult task to emulate given…

Dubai property scene gets on the ramp with fashion

Branded projects bearing the Bulgari and Just Cavalli names set the trend DUBAI: Heading out to pick up a Bulgari? Or do you want to see what Cavalli may have to offer? These days in Dubai, don’t assume these names relate to just the finest pieces of branded jewellery and accessories to add sparkle to…

Dubai still packs a punch on rental yields

Despite market correction and a relatively stable rental market, yields still hold good For the yield chasing global investor, Dubai’s property market — even one in a correction mode — still has what it takes. “There has been a yield compression in Dubai from 9 per cent to 7 per cent in the apartment space,”…