All Posts in Category

News

Building boom won’t stop

Building boom won't stop

UAE, Saudi Arabia account for more than 66% of GCC construction activity Construction activity in the UAE and GCC is projected to remain strong, thanks to a heavy pipeline of 27,000 planned projects worth $2.38 trillion (Dh8.734 trillion) across the Gulf region, according to industry analysts and executives. Data by the BNC Projects Journal disclosed…

Dubai property prices may fall up to 10% this year: Report

Dubai property prices may fall up to 10% this year: Report

Prices have fallen 25 per cent to 33 per cent in nominal terms since 2014, an S&P report said. Dubai residential property prices will fall another 5-10 per cent this year due to a continued gap between supply and demand, before steadying in 2020, S&P Global Ratings said on Tuesday. The Dubai government’s finances rely…

Indians, Brits, Pakistanis top foreign investors in Dubai property in 2018

Indians, Brits, Pakistanis top foreign investors in Dubai property in 2018

Dh62 billion investments made during January to November 2018 period. The Dubai real estate market continued to attract a strong inflow of foreign funds with Indians, British, Pakistanis and Jordanians accounting for nearly one-third of total investments during the first 11 months of 2018. Of the total Dh62 billion investments made during January 2018 to…