Category Archives: Dubai economy

Forever in Blue Jeans                                                        08 Aug 2019 According to the latest Savills report, Dubai has become the third most affordable city in the world for purchasing prime residential property, behind Cape Town and Kuala Lumpur, and the fourth for prime … Continue reading →

Play The Game                                                         01 August 2019 For a welcome change, there was some good news on Dubai’s realty front, with Allsopp & Allsopp noting that the rise in sales prices was “very encouraging for the market”, following months of falling … Continue reading →

You Ain’t Seen Nothing Yet                     25 July 2019 Having sold out phase 1 of its Seven City JLT project, Seven Tides has announced that 652 apartments have already been bought, with a value of US$ 82 million. The development will … Continue reading →

Wrong Side Of The Tracks 18 July 2019 According to Valustrat, average Dubai property prices have slumped 29.3% over the past five years, of which 11.5% has occurred this year and 2.9% in Q2; over the past three months, the … Continue reading →

Lost in France                                                                    11 July 2019 Emaar launched its Seashore (Sirdhana by Emaar) development of 1-3 B/R apartments, located in Mina Rashid. The project will also comprise signature hotels, a private beach club, a community park, splash park and … Continue reading →

To Give A Little, Take A Little                               27 June 2019 It is more than a decade since Deira has seen such building activity, with a reported 2.2k apartments being handed over from mid-2020. Ithra is set to complete phase 1 … Continue reading →

Don’t Leave Your Mark On Me                                  20 June 2019 Wasl Properties has announced the release of the first building of its Wasl Port Views development in Dubai; it comprises 270 apartments (1 B/R, 2 B/R and 3 B/R) with … Continue reading →

Do You Believe In Miracles? 06 June 2019 Developers are doing much to allay fears that there are too many residential units flooding the Dubai market; for the first five months of the year, the latest Reidin-GCP data indicated that … Continue reading →