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Loans may get cheaper in UAE as central bank cuts interest rates

UAE currency

The CBUAE cut interest rates following the Fed’s decision to reduce rates by 25 basis points. The central banks of the UAE, Kuwait, Bahrain and Saudi Arabia late on Wednesday cut interest rates following the US Federal Reserve’s decision to reduce rates by 25 basis points earlier on Wednesday. The cut in interest rates will…

Danube readies for Dh1.5b project launch in Dubai

Danube top executives

It will create 2,000 homes in what the biggest launch by a private developer this year Dubai: Danube Properties is putting the final touches to Dh1.5 billion residential community project — its biggest to date — in Dubai where unit prices start from Dh290,000 and a three-bedroom could be had for Dh1.2 million. The project…

Sales of low-cost properties on the rise in Dubai

Dubai view

House sales at the more affordable end of the market have driven Dubai’s real estate transactions market in the first nine months of the year, according to listings portal Property Finder. Properties costing Dh1.5 million or below recorded 18,858 transactions during the period, up 11 per cent year-on-year. “This indicates that Dubai real estate is…

How Dubai property price declines have slowed in Q3

New JLL research says Dubai’s residential real estate market is showing signs of stability during third quarter Dubai’s residential real estate market is showing signs of stability with price declines slowing during the third quarter of 2019, according to JLL. JLL’s latest UAE Market report revealed marginal declines of just 1 percent in both apartment…