Monthly Archives: September 2015

The Party Is Over

Posted on September 20, 2015 by howesdubai

In the latest UBS study, Dubai is ranked a global 4th in two categories – the most expensive cities in the world and most expensive rental for a 3-bedroom apartment. In the former, it is behind Zurich, Geneva and New … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , , , | Leave a comment

Forever Blowing Bubbles!

Posted on September 16, 2015 by howesdubai

There is one major problem with Dubai’s most expensive penthouse at US$ 49.3 million – it has yet to be built! However, a contract will soon be awarded by the developer, Omniyat, to build the One at Palm Jumeirah. With … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

Both Sides Now

Posted on September 7, 2015 by howesdubai

ValuStrat’s latest report shows an 11% drop in Q2 Dubai residential property prices, but only a 3% drop in rentals, compared to a year earlier. The research firm also indicated that 26.1k apartments and 2.4k villas will be added this … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , , , | Leave a comment

One Way Or Another

Posted on September 1, 2015 by howesdubai

There is no doubt that there is a slowdown in the Dubai realty sector and, according to Moody’s, it seems that the main cause is the emirate’s tighter property rules (including the recent doubling of registration fees to 4% and … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment