The affordable tag is helping clusters such as IMPZ and Jumeirah Village Dubai: The discount shopping in Dubai’s property market has picked up in earnest with the IMPZ and Jumeirah Village clusters being the beneficiaries. Transaction levels in these locations were up 4 per cent and 5 per cent, respectively, during the first quarter from…
Most of the Dh30 billion of investments in the UAE announced yesterday by Majid Al Futtaim is likely to be in place by the time Dubai’s Expo 2020 takes place, says the company’s chief executive, Alain Bejjani. The Dubai-based group revealed plans to open 10 new City Centre malls, six hotels, 28 cinemas, 40 Carrefour…
This is the penthouse that shows how Dubai’s property sector has come of age. Penthouses no longer have to ostentatiously flout their superiority, their selling point simply has to be their view, location and desirability. This uptown penthouse in the Old Town district of Downtown Dubai is the Middle East’s answer to Manhattan. Whereas the…
ABU DHABI // People are paying higher rents on Reem Island, despite reports from property agencies that prices are falling. Two agencies reported drops of up to 6 per cent in the Shams development – including the Gate and Sun & Sky towers – on Reem as new housing came online and expatriates left because…
Owning a home is a keystone of wealth… both financial affluence and emotional security.