News
Property shares have been on the upswing as those of banking peers fade Dubai: Equity traders in the UAE are ditching expensive banking shares and opting for relatively cheaper real estate stocks. Emaar Properties shed 22 per cent from April through May and has been on a gaining streak since, up 17 per cent from…
Prices, rents continue decline in first half of 2019 on oversupply in industry Property prices and rentals in Dubai continued to decline in the first half of 2019 and this trend will continue in the second half as oversupply will keep the emirate a buyer-friendly market for a few more quarters – if not years….
Interest has soared for freehold areas in Abu Dhabi like Al Reef, Al Raha Beach and Masdar City, data in Bayut’s H1 Market report for 2019 has shown. According to the Abu Dhabi Investment Office, the UAE currently ranks 27th globally for foreign direct investment. Moving into the second half of 2019, Abu Dhabi’s recent…
There is plenty of speculation around Expo 2020 in terms of how much it will spur the real estate market in Dubai, if at all. Expo 2020 is perhaps the biggest event the UAE has ever hosted and judging from the anticipated after-effects and heightened awareness the event will bring, particularly in a city that…
Owning a home is a keystone of wealth… both financial affluence and emotional security.