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Dubai house prices fall 10%, rents by 5% in last 12 months

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….

Dubai Canal: From JBR to Deira by water

64% of water canal project complete: RTA The Dubai water canal project, which will link Business Bay with the Arabian Gulf, is 64 per cent complete. This was highlighted by the Roads and Transport Authority (RTA) during the backdrop of the Dubai International Government Achievements Exhibition. “Sixty-four per cent of the work has been complete,”…