Category Archives: Dubai economy

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 →

Easy Money                                                                   10 October 2019 The Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens, totalling US$ 111 million; the initiative is in conjunction with housing institutions around the UAE. Encompassing three residential districts, the … Continue reading →

A Spaceman Came Travelling (Hazza Al Mansouri )          26 September 2019 More than one hundred developers, consultants and architects showcased at this year’s three-day Cityscape Global exhibition, which will close tomorrow – 27 September. Developers are hoping to incentivise potential buyers at … Continue reading →

Suspicious Minds                                                      19 September 2019 A new law has seen the Real Estate Regulatory Agency take over responsibility for regulating and overseeing all Dubai developers’ escrow accounts, with management being carried out by accredited financial institutions. Rera will also govern … Continue reading →