Monthly Archives: August 2018

Respect

There is very little local financial news this week because of the Eid Al Adha celebrations. Most government offices have been closed all week, as banks and the Dubai Financial Market opened only on Sunday to then shut down for … Continue reading

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

Only a Pawn In Their Game

The Radisson Hotel Group has signed an agreement to manage the luxury hotel currently under construction in the DAMAC Hills Development. The 481-key luxury property, which includes 1-2 B/R suites, will be completed by the end of 2019. The international … Continue reading

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

The Land Down Under

Last year, Schon Properties reportedly started work on its US$ 870 million iSuites project in Dubai Investments Park which would comprise 2.6k hotel apartment suites, 52 restaurants, outdoor cafes and a 125k sq ft mall; to cap it all off, … Continue reading

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

Everybody’s Talkin’

Chestertons latest report indicates that in Q2, there were quarter on quarter declines in both overall rental rates for apartments and villas by 4% and 2% respectively, with sale prices down by 1% and flat. The main driver behind the … Continue reading

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

We’re Heading For a Train Wreck!

A Cavendish Maxwell report serves to confirm that rent declines will continue for the rest of the year, as new stock will add to Dubai’s property portfolio of some 500k residential units. It estimates that in H1, 7k units have … Continue reading

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