Tag Archives: Emirates NBD

We’re Heading For a Train Wreck!

A Cavendish Maxwell report serves to confirm that rent declines will continue for the rest of the year, as new stock will add to Dubai’s property portfolio of some 500k residential units. It estimates that in H1, 7k units have … Continue reading

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Football’s Coming Home!

There has been a 20.1% H1 decline, to 9.4k units, in the number of Dubai off-plan sales transactions (with values 28.0% lower at US$ 3.3 billion), despite a June boost when 2k units were sold. The two top performing locations … Continue reading

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White Flag

There seems to be no stopping Azizi Developments, as it announces that it will deliver five additional projects in the Al Furjan community by the end of this year – having already handed over twelve projects. The extra five – … Continue reading

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Whatever It Takes!

Revolution Precrafted has signed an agreement with Bahrain’s Property One Investment Company to supply five hundred modular “eco-villas” for its development on The World Islands. It is estimated that the 4-B/R villas, measuring up to 200 sq mt, will have … Continue reading

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Peace Will Come According To Plan

With three projects – Binghatti Crystals, Binghatti Vista and Binghatti Jewels – due for completion this month and a further three (Binghatti East and West, Binghatti Sapphires and Binghatti Stars), ready by year end, the developer will have completed a credible … Continue reading

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It Takes Two

The Crown Prince, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, made many parents happier this week by announcing that there will be no price hikes in any of the emirate’s private schools this 2018-2019 academic year. He tweeted … Continue reading

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Breakin’ Up Is Hard To Do

The latest Knight Frank’s report indicates that average Dubai office rents have softened 4.3% over the past twelve months, despite a marked upturn in demand, especially in relation to firms’ consolidating their operations. Falls were more prevalent in ‘A’ grade … Continue reading

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When Will They Ever Learn?

The big news of the week was that the UAE cabinet approved plans to allow foreign investors 100% ownership in some businesses and grant ten-year residency to selected expatriates, with the ultimate aims to attract international investors and high-skilled professional … Continue reading

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Lose Your Money

This week, HH Sheikh Mohammed bin Rashid Al Maktoum opened Area 2071, located at Emirates Towers, an interactive platform that will “act as an umbrella” to bring together SMEs, entrepreneurs, start-ups and government programmes. At the launch, the Dubai Ruler … Continue reading

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Wake Up And Smell The Coffee

Chestertons paint a gloomy picture of the Dubai real estate landscape and forecast further pressure on property sales prices and rental rates, as the addition of new stock and tough economic conditions take hold. It estimated that the emirate recorded … Continue reading

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