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Damac welcomes first residents of Akoya

damac akoya

Damac Properties has commenced handovers at the ‘Claret’ cluster of its landmark 55 million square-feet master development, Akoya. Claret, which consists of 315 townhouses, is nestled amidst lush green surroundings and world-class amenities. Following the handovers at Claret, Damac is committed to delivering over 1,300 homes across other clusters in the coming months. Construction works…

Property demand and supply: it’s a balancing act

Dubai Real Estate

With a surge in delivery during the Expo, will the demand-supply gap further widen? Around 126,000 new units are expected to enter the Dubai real estate market by the end of 2020, as most developers in Dubai are focusing on handing over properties around the Expo event. Historical trends in the market, however, indicate that…

Dubai rent drops follow their own rules

Apartments_at_Jumeirah_Village_Circle

JVC sees lower decline despite huge supply with IMPZ and Discovery Gardens worst hit Dubai: Dubai’s rental market is going against conventional wisdom … at least in some locations. Consider what’s happening at Jumeirah Village Circle. The mid-market residential community accounted for more than 20 per cent of the 5,000 new homes that were completed…