Category Archives: Finance

Reasons To Be Cheerful

There was a 6.0% increase in the number of Dubai realty transactions to 69k last year, with the value 4.0% higher at US$ 77.8 billion, reflecting the continued growth in the sector. Of the total transactions, the biggest contributor was … Continue reading

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Something Just Like This

VAT kicked off in the UAE – and Saudi Arabia – on Monday, with a standard 5% rate. The country’s coffers are expected to be boosted by US$ 3.3 billion in the first year of operations. Most goods and services … Continue reading

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Different Drum

Following a visit by HH Sheikh Mohammed bin Rashid Al Maktoum, it has been announced that the emirate’s latest tourist attraction – the Dubai Frame – will open on 31 December. Located in Zabeel Park, it has two 150 mt … Continue reading

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Fairytale of New York

A new initiative by HH Sheikh Mohammed bin Rashid Al Maktoum sees the launch of the MBR Centre for Future Research. With the aim of carrying out new studies on space science and technology, the facility will initially finance a … Continue reading

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It Don’t Come Easy!

HH Sheikh Mohammed bin Rashid al Maktoum approved a 19.5% rise in Dubai’s 2018 budget to a record US$ 15.4 billion; spending on infrastructure (for Expo 2020 and other projects) has seen a 46.5% hike, accounting for 21.0% of the … Continue reading

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Happy Birthday!

Cluttons reckon that 80k residential units cloud be added to the Dubai property portfolio over the next three years and is one of the few consultancies that consider that this may not result in an oversupply situation. In line with … Continue reading

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Ticket To Ride!

fäm Properties expect that over the next five years to 2022, Dubai’s property portfolio will rise by 164 k, with 7.3k handed over before the end of the year. Other consultancies have estimated far more so there is a wide … Continue reading

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