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Dubai sees ‘first signs of growing confidence’ in property market

Chestertons delivers upbeat analysis on 2020 real estate prospects in Dubai amid slowing price declines and stabilizing rental rates. Dubai’s real estate market could be seeing the first signs of growing market confidence, according to new research. Chestertons said this is a result of a notable slowdown in apartment sales price declines and the stabilization […]

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How Dubai property price declines have slowed in Q3

JLL’s latest UAE Market report revealed marginal declines of just 1 percent in both apartment and villa rents and sale prices in Dubai in Q3. Dubai’s residential real estate market is showing signs of stability with price declines slowing during the third quarter of 2019, according to JLL. JLL’s latest UAE Market report revealed marginal […]

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Dubai’s housing handover upsurge

We look into the impact of a sharp increase in housing deliveries this year. Dubai has seen a significant upsurge in new home handovers during the first half of the year, with 12,525 deliveries as opposed to 5,039 during the same period last year, according to data from REIDIN. Dubai Silicon Oasis had the most […]

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Emaar’s Alabbar Sees Dubai Property Market Rebalancing Next Year

Dubai’s real-estate market will see a “rebalancing” between supply and demand into next year, according to the head of the emirate’s largest developer. The company expects growth next year even amid the correction in the housing market, Emaar Properties PJSC Chairman Mohamed Alabbar said Wednesday at the Bloomberg Markets Most Influential summit in Abu Dhabi. […]

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Dubai property market ‘remains solid’, says Damac chairman

Damac Properties chairman said the property market in Dubai “remains solid”, with healthy interest in its growing portfolio of luxury villas and apartments. Hussain Sajwani, chairman of Damac Properties, speaking after the developer announced a 37 percent drop in its quarterly net profit – $241.4 million for the three months to June 30 – said […]