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Categories
Meta
Category Archives: Dubai economy
Chiquitita
Chiquitita 04 June 2020 The latest Cavendish Maxwell’s Property Monitor reported that Dubai property prices have lost 8.3% in value over the past twelve months, (an improvement on the 9.7% decline in 2018), but nudged 0.5% higher, month on month; … Continue reading
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Tagged Australian economy, Bank of England, Bentley, Emirates, EU, IATA, India, Renault, Zoom
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School’s Out Forever?
School’s Out Forever 21 May 2020 There are an estimated 245k companies in Dubai and now the world press is already writing eulogies for the emirate, based on the results of a survey of just 0.005% of that total. There … Continue reading
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Tagged Australian economy, Brent, Covi-19, Dubai, Emirates, Gold, IMF, KHDA
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Stuck With U!
Stuck With U 15 May 2020 An unnamed errant Dubai real estate agency was fined US$ 13k by RERA for violating laws relating to their escrow account and permits of real estate advertisements. The fine covered a number of … Continue reading
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Tagged Airbus, Australian economy, Brazil, Covid-19, Dubai economy, Emirates, India, Scrabble
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Time To Move On!
Time To Move On! 07 May 2020 Despite the April lockdown, there were still over 1.8k Dubai property sales transactions, valued at almost US$ 1.0 billion, bringing the YTD total to 12.3k, worth US$ 6.6 billion. According to Property Finder, … Continue reading
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Tagged Australian economy, BoE, Covid-19, IAG, Indian economy, Just in Time, UAE banks, uber, US Labour
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Start All Over Again!
Start All Over Again! 01 May 2020 The best scenario for the emirate’s tourist sector is that its doors may open by July but there could be a further two-month delay, depending on global restrictions. Tourist visas have been … Continue reading
It’s About Change!
It’s About Change 23 April 2020 Ramadan Kareem! There was welcome news at the end of the week, with the Dubai authorities easing some of the restrictions as from tomorrow, Friday 24 April. For the first time in three weeks, … Continue reading
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Tagged Australian economy, Covid-19, Du, Dubai economy, Etisalat, EU, Ramadan
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Wake Me Up When September Ends
Wake Me Up When September Ends! 16 April 2020 Q1 property handovers were 27.5% lower at 5k, compared to the same period last year – a possible indicator that the year-end total will be less than 2019’s 32k and … Continue reading
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Tagged Australian economy, Covid-19, Dubai Housing, Mashreq, Trump, Westpac
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No Turning Back!
No Turning Back! 09 April 2020. The Dubai week started with the much-expected announcement that the curfew would be extended for a further two weeks and that any individual would only be permitted to leave their home for stipulated … Continue reading
Exercise Caution In Your Business Affairs, For The World Is Full Of Trickery – Desiderata
Exercise Caution In Your Business Affairs, For The World Is Full Of Trickery – Desiderata 02 April 2020 Damac Properties posted a US$ 10 million loss last year – a major slump from preceding years’ profits of US$ 314 million … Continue reading
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