Category Archives: Dubai economy

Bumpy Ride!

Bumpy Ride!                                                                        03 January 2025 The four hundred and twenty-five metre tall Marina 101 project, (featuring one hundred and one floors floors), launched by Sheffield Real Estate, had been progressing well, especially in the boom years prior to … Continue reading

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Second Hand News!

Second-Hand News!                                                         27 December 2024 Union Properties has broken ground on its latest Motor City US$ 545 million project – the Takaya – which overlooks the Dubai Autodrome; home prices will be in the mid-to-high range. This development comes … Continue reading

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Highway To Hell!

Highway To Hell!                                                  20 December 2024 This week, a nine-bedroom mansion in Hills Grove, Dubai Hills Estate, sold for a record-breaking US$ 54.5 million. Hills Grove, with just twenty-six residences along a single street, has become known as … Continue reading

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An Awful Lot Of Coffee In Brazil!

An Awful Lot Of Coffee In Brazil!                                           13 December 2024 According to Betterhomes’ Rupert Simmonds, Dubai’s rental market continued to be bullish this year, with average increases of up to 20%, but at a slower pace than the highs … Continue reading

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Sick Man Of Europe!

Sick Man Of Europe!                                                       06 December 2024 Latest data from Cushman & Wakefield Core, indicates that the Dubai property market is till firing on all cylinders and, that for the seventeenth consecutive quarter, continued moving higher, with Q3 … Continue reading

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Would I Lie To You?

Would I Lie To You?                                                        29 November 2024 By last week, and for the first time ever, Dubai’s residential real estate market saw total sales cross US$ 13.63 billion, (AED 50.0 billion), with transactions 80.0% higher at 19.6k. Engel … Continue reading

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Spend! Spend! Spend!

Spend! Spend! Spend!                                                     22 November 2024 Betterhomes, noting that the Dubai October rental market is 15% lower on the year, commented there were a total of 42.1k leasing transactions, with notable shifts in tenant preferences. The total was split … Continue reading

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Hold On To What You’ve Got!

Hold On To What You’ve Got!                                                 15 November 2024 There is no doubt that residential rents have been heading north at speed, with the emirate’s ultra-luxury real estate market leading the pack. This week, a US$ 2.3 million, two … Continue reading

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The Man Is Back In Town!

The Man Is Back In Town!                                              08 November 2024 To quieten the doomsayers in Dubai, the real estate market had a booming month, with October transactions totalling over 20k, (20.46k), for the first time ever, and 13% higher on the … Continue reading

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A Rush Of Blood To The Head!

A Rush Of Blood To The Head!                                                  01 November 2024 This week, The Dubai Real Estate Sector Strategy 2033 was launched, outlining a focused roadmap to elevate the sector’s economic impact on the emirate by significantly increasing transaction volumes and … Continue reading

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