Category Archives: Dubai economy

Take It Or Leave It                                                                                                                                        12 December 2019 An eleven-year monthly high saw November property sales deals reach over 5k – 5.8% up on September and 4.7% higher than in October. According to Property Finder, much of the recent … Continue reading →

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 →

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 →

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 →

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 →

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 →

Gangsta’s Paradise                                                                                         24 October 2019 Property Finder has noted that for the nine months to 30 September, there were 18.9k transactions involving properties, costing up to US$ 409k (Dhs 1.5 million); this figure was 11.0% up on the previous … Continue reading →

Won’t Get Fooled Again!                                                                                17 October 2019 Still heading south, albeit at a markedly slower rate, there are indicators that a recovery in the realty sector could soon take traction. Dubai Land Department has reported that YTD, property … Continue reading →