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Dubai Investments expects increase in profit

Dubai Investments (DI) expects to post a 5 per cent increase in first-quarter profit and better full-year net profit than last year as the diversified investment company grows its various businesses, its chief executive said yesterday. “We see there is some improvement happening in the market, with that improvement we are optimistic and positive that…

Dubai house prices fall 10%, rents by 5% in last 12 months

Dubai house prices in the first quarter of 2016 have slumped by 10 percent over the past year, with rental values down by 5 percent, according to a new report. Real estate consultancy JLL said in its Q1 2016 Dubai Real Estate Market Overview report that most property market segments continued to soften in Dubai….