Tag Archives: Australian economy

Here We Go Again!

Here We Go Again!                                                                                           30 July 2020 A report by the Dubai Statistics Centre showed that the real estate sector’s Q1 growth was 3.7% higher, year on year, contributing 8.0% to Dubai’s GDP. In 2019, it was … Continue reading

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Go Your Own Way!

Go Your Own Way                                                                                         23 July 2020 Latest figures from Moody’s Investors Service just confirm a 30% fall in Dubai property prices since mid-2014 and the sector is currently still in bear territory in an economic environment rattled by Covid-19 … Continue reading

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Riders On The Storm

Riders On The Storm                                                                                        16 July 2020 According to reports this week, JLL estimate that 12k units were handed over in Q1, a long way short of the 83k that was forecast at the beginning of the year … Continue reading

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Video Killed The Radio Star 02 July 2020

Latest data from Mo’asher, the official index of the Dubai Land Department, saw a 0.54% hike to 1.121, put down to pent up demand from the government’s easing of restrictions; for apartments, the index was at 1.189 and villas 1.060, … Continue reading

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Only Time Will Tell!

Only Time Will Tell!                                                                       18 June 2020 Nakheel has posted villa sales, totalling US$ 63 million, over the past three months, as demand jumps with consumers beginning to adapt to the ‘new normal’; of that total, US$ 40 million (70 … Continue reading

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Chiquitita

Chiquitita                                                                                       04 June 2020 The latest Cavendish Maxwell’s Property Monitor reported that Dubai property prices have lost 8.3% in value over the past twelve months, (an improvement on the 9.7% decline in 2018), but nudged 0.5% higher, month on month; … Continue reading

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School’s Out Forever?

School’s Out Forever 21 May 2020 There are an estimated 245k companies in Dubai and now the world press is already writing eulogies for the emirate, based on the results of a survey of just 0.005% of that total. There … Continue reading

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Stuck With U!

Stuck With U                                                                                              15 May 2020 An unnamed errant Dubai real estate agency was fined US$ 13k by RERA for violating laws relating to their escrow account and permits of real estate advertisements. The fine covered a number of … Continue reading

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Time To Move On!

Time To Move On!                                                                                        07 May 2020 Despite the April lockdown, there were still over 1.8k Dubai property sales transactions, valued at almost US$ 1.0 billion, bringing the YTD total to 12.3k, worth US$ 6.6 billion. According to Property Finder, … Continue reading

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It’s About Change!

It’s About Change                                                                                          23 April 2020 Ramadan Kareem! There was welcome news at the end of the week, with the Dubai authorities easing some of the restrictions as from tomorrow, Friday 24 April. For the first time in three weeks, … Continue reading

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