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Work on Ayia Napa Marina begins

Work on the Ayia Napa Marina started on Tuesday, when Finance Minister Harris Georgiades initiated the ground-breaking ceremony in the presence of the Egyptian businessman who invested in the project. The ceremony was held in the presence of the Ministers of Health, Transport, the mayors of the region, and other officials. Ayia Napa Mayor Yiannis…

UAE’s industrial market ‘steady’ in H1 despite economic headwinds

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The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, according to real estate consultancy firm CBRE. Its H1 2016 UAE Industrial & Logistics MarketView report said the softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector….

Dubai realty sees a studio rush

Buyers have a wide price band to choose from with new off-plan launches Dubai: Prospective buyers eyeing off-plan launches in Dubai are being spoiled for choice. Over the next few days, they have the option to choose a Dh285,000 studio at Dubai South (at The Pulse cluster) or opt for a Dh895,000 unit right at…

Why now is the best time to buy a home in Dubai

The best time to buy residential property is a couple of years after prices have peaked and the market has fallen but has now stabilised. Then you have the widest choice of units, little competition and can get the home you want for the lowest price, albeit you should also be able to see a…