News
Sale prices in the mainstream market dropped 5 per cent in 2016 compared to 7 per cent in 2015 Residential rents and sales prices in Dubai, which continued to drop in 2016, are expected to begin increasing in mid-2017, according to consultancy Knight Frank. Sales prices in the mainstream market dropped 5 per cent in…
Infrastructure improvements ahead of Expo 2020 expected to boost the market Dubai’s sluggish housing market appears to have bottomed out, raising hopes for a mid-2017 rebound as oil prices perk up and the city begins preparations for the World’s Fair in 2020, according to a new report. Luxury home prices in the emirate fell dramatically…
The Egyptian billionaire Naguib Sawiris was in Dubai last week in a bid to persuade wealthy Arabs to buy property in the Cypriot nightclubbing hot spot Ayia Napa. The 62-year-old businessman, who is part of the powerful Orascom-owning family and heads its telecoms operations, is partnering with Cypriot real estate firm, the Caramondanis Group of…
Champion Tower I residents move in by end of February More than a hundred units in a new residential tower in Dubai Sports City will be delivered to homeowners starting this month. Developer Shaikhani Group said residents of the Dh150-million Champion Tower I are expected to start moving in by the end of the month….
Owning a home is a keystone of wealth… both financial affluence and emotional security.