News
Apartment rents drop 3 per cent in Q1 2016 Residential apartment rents are three per cent down in the first quarter 2016 compared to first quarter of 2015, according to real estate portal Bayut. But a comparison done on a quarter-on-quarter basis by the portal reveals a different picture, showing average rentals had increased three…
Dubai Investments (DI) expects to post a 5 per cent increase in first-quarter profit and better full-year net profit than last year as the diversified investment company grows its various businesses, its chief executive said yesterday. “We see there is some improvement happening in the market, with that improvement we are optimistic and positive that…
Design and study of extension to happen very soon: RTA official Dubai Tram, used by 1.3 million riders in the first quarter 2016 alone, is going to get an expansion. Phase 2, date of which has not been disclosed, will take riders across to tourist destinations such as Burj Al Arab, Madinat Jumeirah and Mall…
Dubai house prices in the first quarter of 2016 have slumped by 10 percent over the past year, with rental values down by 5 percent, according to a new report. Real estate consultancy JLL said in its Q1 2016 Dubai Real Estate Market Overview report that most property market segments continued to soften in Dubai….
Owning a home is a keystone of wealth… both financial affluence and emotional security.