News
Banks in the United Arab Emirates are expected to experience a rise in loan losses over the next 12 to 18 months as a decline in real estate prices and rising interest rates reduce borrowers’ cash flow, Moody’s said on Tuesday. Residential property prices in Dubai have been falling since 2014 on high supply and…
Sharjah Sustainable City Project offers 100% savings on electricity and 50% on water bills Sustainability is the buzzword these days, especially in the UAE. The property developers here are increasingly going for projects that are environmentally sustainable and witnessing a decent demand from investors. The latest such development to come online is Sharjah Sustainable City…
Birmingham, England’s second city and its industrial heart, is fast becoming a popular property investment opportunity for Gulf-based investors, according to Chestertons. Chestertons MENA said it will be targeting Middle East-based investors with the launch of a new development in one of Birmingham’s most sought-after locations at this year’s International Property Show, which opens at…
Thousands of new residential property units are expected to be completed in Dubai’s upcoming communities this year, research from real estate portal Property Finder has found. Over 41,000 homes are scheduled for completion in Dubai in 2019, although there is usually a “considerable gap” in what is announced and what enters the market, the report…
Owning a home is a keystone of wealth… both financial affluence and emotional security.