Read more

Have Dubai property prices reached their peak?

There are strong signs that the market is maturing, say experts The outlook for the coming year is further price increases but at a slower rate. Victor Besa / The National Neil Halligan Dubai’s residential property prices are expected to moderate this year, but the market shows no signs of letting up for the foreseeable […]

Read more

Double-digit drop in Dubai real estate companies

Experts from Property Finder believe that the exits are a ‘much-needed’ sign of consolidation in the industry Lukman Hajje, Property Finder’s chief commercial officer said it is “positive” for the industry that only property companies with verified credentials will continue to operate, making the market more streamlined and transparent. A total of 486 property companies […]

Read more

Dubai property rents, prices to fall further over next 12 months – JLL

New report says developers are focused on the sale of existing inventories in Dubai by offering increasingly generous payment plans to investors Despite the introduction of 10-year residency visas for certain categories of retirees, the residential market has continued to soften. Further declines in Dubai property rents and sale prices are projected over the next […]

Read more

What’s hot in Dubai’s housing sales market?

A look into the sales performance of off-plan and completed properties The Dubai Land Department (DLD) recently announced that the value of real estate transactions in the first 45 days of the year hit Dh42 billion, nearly half of last year’s Dh91 billion. An interesting feature of recent residential transactions has been the increasing number […]

Read more

Dubai’s property market is in for another tough year

Dubai: The UAE’s real estate sector is in for another difficult year according to the credit rating agency S&P, a sentiment which goes counter to the majority view among real estate consultancies that market sentiments are improving. S&P builds its case around the fact residential prices and rents in Dubai will decline by “another 5-10 […]

Read more

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 […]