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GCC nations’ growth forecasts rising, and here’s why

Oil recovery, governments’ actions to cut spending reducing need for more austerity Economists are starting to raise their growth forecasts in some of the wealthy oil exporting countries of the Gulf as a slow recovery in crude prices and public spending cuts ease pressure on state budgets, a quarterly Reuters poll of analysts showed. For…

Dubailand is most popular community to move to in Dubai

Suburban areas like Silicon Oasis also see influx of residents in Q1 Dubailand has emerged as the most popular neighbourhood in Dubai that residents moved to in the first quarter of 2017, according to ServiceMarket, a UAE platform for moving and home services. In its bi-annual moving trends report, which outlined neighbourhoods with the highest…

Downtown Dubai homes register price gains

International City, Media Production City, Discovery Gardens and Remraam also see price appreciation A few pricey locations in Dubai are seeing value gains, with properties in Downtown Dubai performing well, according to consulting firm ValuStrat. Excluding the Burj Khalifa, Downtown Dubai apartments saw the highest monthly uplifts in capital values averaging 5.2 per cent in…

Is there an ideal age to invest in real estate?

The sooner one invests, the higher will be the gains because profits from property compound over time In India, the current mantra is that property investment is ideal only for upcoming or established career makers – but is this true? How do banks, lenders and the property sector at large view investors who do not…