Tag Archives: Brexit

Staircase To Heaven

Staircase To Heaven                                                                                     11 June 2020 Dubai developer Croesus Holdings has been locked out of two of their completed low-rise projects, valued at US$ 27 million, in Majan, by Dubai Walls Contracting over a dispute relating to costs. Apparently, this … Continue reading

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For Whom The Bell Tolls

For Whom The Bell Tolls                                                  28 March 2019 According to the UAE real estate portal Property Finder, 55% of the emirate’s realty sales, for the first two months of the year, were for off-plan homes, with the balance … Continue reading

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Bridge Over Troubled Water

With developers keeping a firm grip on the supply of residential units (this year only 35% of expected new property will be released into the market), it is surprising to read many property-related reports full of doom and gloom. Core … Continue reading

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Where Have All The Flowers Gone – When Will They Ever Learn?

It is reported that what would have been the world’s largest hospitality and leisure development in 2007 could be revived. The US$ 27.2 billion Bawadi, a JV between Dubai Holding and Emaar Properties, was shelved as a result of the … Continue reading

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The Great Pretender!

Reidin’s latest report shows marginal May increases for both Dubai apartment and villa prices – but 5.2% and 6.0% down year on year. Meanwhile rents for both apartments (3.0%) and villas (6.4%) fell over the year whilst May saw a … Continue reading

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Mr Know It All!

HH Sheikh Mohammed bin Rashid Al Maktoum has approved the 2030 Dubai Industrial Strategy, with the aim of generating a further US$ 44 billion to the emirate’s GDP. Its focus will be on six sectors – aerospace, aluminum, equipment, food … Continue reading

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Rockin’ All Over The World!

Having launched its Living Legends project in Dubailand in 2006, Saudi developer, Tanmiyat, has announced that 184 villas and the first of 12 proposed tower blocks have been handed over – six years behind schedule. A second phase, in the … Continue reading

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Time To Say Goodbye

Although there are still pundits who forecast that residential prices will continue to fall, basic economic laws dictate otherwise. Over the past 18 months, it is estimated that 23k units have been handed over, including 5.5k in H1; supply is … Continue reading

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Throw It All Away!

JLL reported that house prices have fallen 10% over the past 12 months but indicate that the market may now be returning into positive territory. Over the past quarter, rents for apartments dropped by 3%, whilst villas have remained flat … Continue reading

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