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Dubai properties

Dubai property prices may fall up to 10% this year: Report

Dubai property prices may fall

Prices have fallen 25 per cent to 33 per cent in nominal terms since 2014, an S&P report said. Dubai residential property prices will fall another 5-10 per cent this year due to a continued gap between supply and demand, before steadying in 2020, S&P Global Ratings said on Tuesday. The Dubai government’s finances rely…

Nakheel invests Dh15 million in Palm Jumeirah marinas

Nakheel properties

Master developer Nakheel is investing Dh15 million to increase boat mooring capacity on the Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600. New marinas are on the way at Nakheel’s Azure Residences waterfront apartment and restaurant complex on the island’s eastern trunk, and at The Pointe,…

Dubai Properties to support DLD initiatives, projects


Dubai Land Department (DLD) has announced a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubai’s real estate sector. The agreement was signed by Sultan Butti bin Mejren, Director General of DLD, and Raed Al Nuaimi, Group Chief Executive Officer of Dubai Properties. Under the collaboration, Dubai Properties will support…