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best real estate investment

Why developers must add green spaces to projects

Research suggests that access to green urban spaces improves physical and mental health. Global studies have indicated that people live happier and healthier lives when they have access to green spaces. When planning a city, it is vital for the well-being of its urban inhabitants to be able to relax and unwind in a tranquil…

Dubai property owners have to adjust to higher FM rates

Dubai property owners have to adjust to higher FM rates

As peak summer is upon us, so too are the calls for the maintenance of the air-conditioning and the water tanks and the like. This is invariably the time of year when the domestic housing infrastructure comes under the most pressure. As properties age, this is also the time when avoidance of proper maintenance starts…

Dubai home prices down 20% since market peak in 2014

rental decline

Dubai residential properties have seen their capital values decline by 20 per cent since the market peak of mid-2014, says consulting firm ValuStrat. However, the steep declines have boosted sales as transaction volumes and average ticket sizes have increased across the board. Quarterly declines of more than five per cent were registered in locations such…

Dubai’s developers get all aggressive on prices

Seven city JLT

Developers in Dubai are getting back to basics — set the price right and the sales will follow. The developer of the Dh1.3 billion “Se7en City” high-rise cluster in JLT (Jumeirah Lake Towers) is doing just that. Starting at Dh925 a square foot, it has so far sold more than 800 units since opening sales…