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Dubai property prices forecast to fall further as vacancies rise

Real estate consultancy Phidar says sales volumes of completed properties are at a six-year low Dubai residential property prices and rents are set to fall further as losses of high-paying jobs and dwindling household incomes boost vacancies across the city, according to Phidar Advisory. “The false start of early 2017 is over and the cracks…

Dubai property seeks to attract Dh1b from China

Dubai aims to attract Dh1 billion worth of Chinese investments into its property sector as the emirate’s real estate is undervalued and offers great yields to Chinese investors both in terms of prices and rentals, officials said on Tuesday. Richard Huang, chairman of China-based UC Forward, said it would make Dubai a top priority for…

Welcome realism on show at Dubai property marketplace

Where once there were flights of fancy at Cityscape, there is now more realism Cityscape Global, the trade show for the property and real estate industry, has made a habit of grabbing headlines over the years. In the period leading up to the onset of the 2008 global financial crisis, the show was the apparent…

Faster Chinese visa in Dubai, as service centre opens at Wafi Mall

VFS promises a turnaround time of three minutes per applicant — and up to 500 applicants per day Chen Xiongfeng, Li Lingbing and Zubin Karkaria at the opening of the visa application service centre at Wafi Mall. Image Credit:Arshad Ali/Gulf News Dubai: Applying for Chinese visa in Dubai will now be a breeze, thanks to…