Tag Archives: Covid-19

Long Long Winter

Long Long Winter                                                                                         29 October 2020 The DLD released Q3 figures showing that despite the negative impact of the pandemic, the value of property transactions in Dubai jumped, quarter on quarter, by over 65% to over US$ 4.9 billion, … Continue reading

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If I Could Turn Back Time! 09 July 2020

If I Could Turn Back Time!                                                                09 July 2020 The latest Property Finder report points to a June improvement in the Dubai property sector, as month on month sale transactions were 60% higher. Low prices encouraged the increased demand that … 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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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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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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Wake Me Up When September Ends

Wake Me Up When September Ends!                                                          16 April 2020 Q1 property handovers were 27.5% lower at 5k, compared to the same period last year – a possible indicator that the year-end total will be less than 2019’s 32k and … Continue reading

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No Turning Back!

                                                                                     No Turning Back! 09 April 2020. The Dubai week started with the much-expected announcement that the curfew would be extended for a further two weeks and that any individual would only be permitted to leave their home for stipulated … Continue reading

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