Dubai’s property market is showing a steady shift towards end-users, as increasing numbers of property buyers opt to live in the units they buy, data showed on Wednesday. According to data from Property Finder, a leading real estate portal, the emirate’s real estate market continued to create new records in the third quarter, with a […]
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 […]
Dubai will set up a committee to balance property supply and demand as a slump in prices weighs on developers in the Middle East’s business hub.The emirate’s ruler Sheikh Mohammed Bin Rashid Al Maktoum said in a tweet he wanted the committee to ensure that “semi-government real estate companies in Dubai won’t compete with private-sector […]
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 […]
Property broker JLL has said the UK’s vote to leave the European Union will delay the Dubai housing market’s recovery by six months. After two years of falling house prices, JLL had previously forecast, the residential market in the emirate would start to recover either towards the middle of this year or later. However, with […]
Dubai Land Department will introduce a new system in ranking its real estate brokers. The property brokers will mainly being ranked based on its performance. The National AE says that the the director of real estate licensing Ali Abdulla Al Ali revealed during the Cityscape Global conference that this new system in ranking real estate brokers […]
