Author Archives: howesdubai

The Impossible Dream

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The Impossible Dream

The Impossible Dream Even in these troubled, times there are still many Dubai properties being sold for over US$ 2.72 million (ten million dirhams). According to statistics from Data Finder, the leading locations were Downtown (34 deals), Palm Jumeriah (31), … Continue reading

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Slow An' Easy

Slow an’ Easy                                                                                             28 November 2019 Signs that the property slump may have bottomed out, after four years, continue with the average monthly loss, in capital values, falling 0.8%, compared to the average 1.0% decline so far this year. … Continue reading

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The World’s A Mess

The World’s A Mess                                                                                     21 November 2019 The latest Knight Frank report shows that for the second straight quarter, Dubai prime property prices registered an 0.2% rise, following an 0.3% jump in Q2 – an indicator the downturn may … Continue reading

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Set Fire To The Rain

Set Fire To The Rain                                                                   14 November 2019 The latest launch from Azizi Developments, designed towards the younger generation, is Miraj in Dubai Studio City. The 444-unit development will house 253 studios, 155 1 B/R and 36 2 B/R apartments.  As … Continue reading

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A Change Is Gonna Come

A Change Is Gonna Come                                                                   07 November 2019 There could be a welcome boost for the local real estate sector with reports that the Central Bank is considering new rules that will loosen the cap on bank lending; currently, it … Continue reading

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Turning Japanese

Turning Japanese                                                                               31 October 2019 Danube Properties is to launch a US$ 409 million residential community— its biggest ever project— comprising over 2k homes, with unit prices starting US$ 79k to US$ 327k for a 3 B/R property. Its launch … Continue reading

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