Real estate looks all set for higher growth cycle in 2017

The real estate market in Dubai will stage a strong rebound in 2017 and experience a higher growth rate by 2020 due to effective measures taken by the regulators in recent past, says an industry expert. Pawan Dhawan, head of Home Finance at Noor Bank, said potential buyers and investors are determined to take benefit…

UAE ‘is sixth best place to drive’ among 38 countries

ABU DHABI // The UAE has been named the sixth best place to drive among 38 nations by traffic app Waze, according to the results of a study that are certain to raise eyebrows among drivers in the country. The findings are contradicted by the World Health Organisation, which found that motorists were three times…

Dubai’s office high-rises are within reach

They have remained unchanged of late in an extremely soft rental market Dubai: Seems like a good time for corporate tenants to rent — or renew their leases — in Dubai’s skyscrapers. With rents unchanged on prime floors during the six months to the second quarter of 2016, Dubai’s office high-rises slipped to the 20th…

Plot sales offer silver lining for Dubai developers

Whether in Jumeirah or Akoya, they are making a strong case for such transactions Dubai: Dubai’s master-developers have cottoned on to the best way to overcome the soft demand for high-end property — sell plots instead. A trend that was initially limited to one or two developers is now gaining wider acceptance, and even have…