News
Average Dubai property prices have fallen by 13.2 percent in the past year, according to new research. Cavendish Maxwell’s Dubai House Price Index for April showed that some communities registered even higher price declines over the past 12 months. It said Emirates Living, Dubai Silicon Oasis, Jumeirah Lake Towers and IMPZ were some of the…
Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create opportunities for distressed sales, offering great deals for buyers. These assets are valued below their actual price and could be in default or close to…
News that the UAE government has started to issue five-year residency visas to entrepreneurs this month is music to the ears of property developers. So too the pronouncement from the International Monetary Fund that the local economy may have turned the corner and be recovering from a five-year slowdown precipitated by a sudden fall in oil prices. Last month…
Residential property prices in Dubai and Abu Dhabi fell by around 5 percent during 2018, putting both cities in the bottom 10 performers in the world, according to new research. The Knight Frank Global Residential Cities Index for Q4 2018, which tracks mainstream residential prices across 150 cities, placed Dubai 142nd and Abu Dhabi 144th….
Owning a home is a keystone of wealth… both financial affluence and emotional security.