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‘Stop renting and start owning’ trend on the rise in Dubai: Danube

Bottoming out of prices makes this the best time to buy for investors and end-users, says Rizwan Sajan Demand for affordable housing, particularly in the one to two-bedroom categories, is fast growing in Dubai where freehold property prices have bottomed out, offering investors and end users “the best time to buy,” a leading developer said….

How to keep cool without costing the Earth

A film worth watching ABOUT 6% of the electricity generated in America is used to power air-conditioning systems that cool homes and offices. As countries such as Brazil, China and India grow richer, they will surely do likewise. Not only is that expensive for customers, it also raises emissions of greenhouse gases in the form…

Dubai said to have $313bn worth of active construction projects

Report says emirate saw 37 new projects worth an estimated $2.2bn start construction in December A total of 4,000 construction projects worth $313 billion are active in Dubai indicating a strong year ahead for the industry, according to a new report. Dubai’s strong construction trends look set to continue through 2017 with 39 percent of…

New $136m Dubai mall set for ‘soft opening’ in May, say backers

Building work is almost finished on First Avenue, the new $136 million shopping mall and hotel development in Motor City, Dubai. The project’s backers said in a statement that construction work for the mall is on track for completion by the end of this month, with fit-out for the retail units set to take another…