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Dubai developers hold back on launches, waiting for the right time

Dubai Construction Site

Private players await market upturn and directions from Higher Committee for next steps Dubai: Private developers in Dubai are holding back on new launches and “waiting for the right time” for the property market to bounce back. They are also awaiting directions from the newly created Higher Committee in Dubai that will oversee and advise…

Global construction sector grows despite economic uncertainties, Moody’s says

Construction site

The global construction sector is set to grow, albeit at a slower pace, as infrastructure spending rises, boosting revenues and stability in the industry despite economic headwinds from the US-China trade dispute, according to Moody’s Investors Service Global construction companies rated by Moody’s are expected to slow down but experience “still healthy” growth in revenues of…

How Dubai property price declines compare globally

burj khalifa Dubai

Knight Frank’s latest Global Residential Cities Index shows that prices in Dubai dropped by 9.4% between Q2 2018 and Q2 2019 Property prices in Dubai have fallen by more than nine percent over the past year as real estate markets in a number of the world’s tier one cities struggle, according to new research. Knight…