News
Construction of what will be the world’s highest observation wheel, located in Dubai, has reached a significant milestone according to its developer, Meraas. Ain Dubai, which is taking shape on Bluewaters Island in front of the Jumeirah Beach Residence coastline, has had its hub and spindle lifted into place, creating a new feature on Dubai’s…
Villa and apartment prices in Dubai and Abu Dhabi fell between 4 per cent and 6 per cent during the second quarter compared to the same period last year as the economy slows amid softening oil prices, according to the property consultants Cavendish Maxwell. Home prices, however, are expected to remain stable in the third…
Dubai’s private sector is expected to see a sustained recovery in growth momentum, according to Emirates NBD Dubai Economy Tracker Index. Improving business conditions in the travel and tourism and wholesale and retail sectors were revealed in June’s data. At 54.6, up slightly from 54.5 in May, the seasonally adjusted index picked up to…
The home maintenance and repairs business, one of the key components of multi-billion dollar facilities management (FM) industry, has seen burgeoning growth in the region over the last few years. With industry experts predicting the FM market in the GCC to grow to a market value of nearly $892 billion (Dh3.27 trillion) over the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.