Dubai property firms can weather current market correction – S&P

Dubai’s real estate market is undergoing a correction, but the biggest players within the industry are equipped to weather the slowdown, rating agency Standard & Poor’s has said. In a new report, the agency said that it maintained its forecast that prices in Dubai’s residential property market will drop between 10 to 20 per cent […]

manager No Comments September 22, 2015 9:19 am

Dubai property sales defy market predictions

Dubai: All talk of demand for property in Dubai being in terminal decline is greatly exaggerated, industry insiders said on the first day of the International Property Show. “In the first quarter of this year, Damac Properties is looking at somewhere north of Dh2.7 billion in off-plan sales — and that’s similar to what we […]

manager 271 Comments March 30, 2015 5:58 pm