Category Archives: Dubai economy

True Colours                                           29 August 2019 Finally, some good news for the Dubai realty sector, with a Knight Frank report that luxury property prices showed a 0.3% increase in Q2 (but still down 6.0% over the previous twelve months). However, the … Continue reading →

The World’s Gone Crazy!                                          22 August 2019 Property Finder reports that villa transactions have increased 35% in H1, although prices are 4.3% lower than H2 2018, to US$ 233 per sq ft, driven by more affordable properties entering the market; … Continue reading →

Handle With Care                                                           15 August 2019 Property Finder came out with staggering figures relating to Dubai’s reality, indicating that in H1, 21k residential units were completed, (16k apartments and 5k villas/townhouses), and that a further 38k are scheduled for … Continue reading →

Handle With Care                                                           15 August 2019 Property Finder came out with staggering figures relating to Dubai’s reality, indicating that in H1, 21k residential units were completed, (16k apartments and 5k villas/townhouses), and that a further 38k are scheduled for … Continue reading →

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 →