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Property Trends

'If your profits have fallen by nearly 90%, it's difficult to focus,' says Alabbar over Damac claims

Emaar chairman Mohamed Alabbar has hit out over claims from rival developer Damac that the company continues to “dump” properties on the market – and that all new home construction in Dubai should be ...

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Expo 2020 Dubai: Everything you need to know about the site

What exactly is Expo 2020 Dubai? A complete guideSaruq Al Hadid: The fascinating gold ring behind the biggest party on Earth, the Expo 2020 DubaiDubai: Exactly one year from now Dubai will showcase th...

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Expo 2020 construction will completed by the end of the year

Dubai: Exactly one year before the Expo 2020 kicks off in Dubai, construction work on the site is close to completion and infrastructure work is all done, organisers said.At a media briefing on Monday...

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Rents dropping in Sharjah: Residents react to the dip

Drop in rents give Dubai residents more choiceSharjah: Rents have dropped quite a bit in Sharjah this past year and are expected to fall further.Gulf News spoke to tenants living in Sha...

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Dh90 million for a villa in Mohammed Bin Rashid City breaks record for costliest home purchase in Dubai this year

Dubai: A cool Dh90 million for a villa is the costliest home purchase so far this year in Dubai, well ahead of the Dh74 million paid for a penthouse on the Palm.The villa, a ready unit, is part of Dis...

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UAE investors can cheer Brexit mess

Dubai: Amid all the blame Brexit is getting, there is one group that will only have nice things to say about it — global property investors wanting to pick up now-cheaper homes in London.“Increasingly...

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Deep dive into the Expo 2020 Dubai experience

From live shows to interactive storytelling, tech marvels to the future of food, Gillian Hamburger Senior Vice President of Programming at Expo 2020 Dubai gives us an idea of what to expect at the Exp...

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Property hotspots to watch in Dubai: Marina, Downtown top choices for UAE tenants, investors

Dubai: The popular residential neighbourhood of Dubai Marina, known for its beachside living, has emerged as the most sought-after location for property buyers, while the upscale Downtown Dubai, ...

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Dubai’s luxury short-term rental hits a high

Dubai: Residential rents are dropping in Dubai … but not necessarily in every category. An apartment in the Downtown is being leased at $60,000 (Dh220,350) for a month’s stay — potentially a record in...

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Rise in protectionism will worsen next financial crisis

Dubai: A rise in protectionism around the world is likely to make the next financial crisis more difficult to both handle and recover from than the Great Recession in 2008, experts said in Dubai on We...

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Inflation to ease as property prices and rentals decline in UAE

Dubai: The Central Bank of UAE (CBUAE) projects inflation to reach year on year 3.6 per cent in 2018 but the continued downward trajectory of the housing CPI inflation and the continued easing in labo...

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Is there a need for a supply cap in Dubai’s real estate market?

When the 2007 global financial downturn started in the US, there were talks about the “too-big-to-fail” banks that made the economy fragile. In the US context such failure was disastrous to the greate...

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Service fees at Dubai’s freehold locations fall, says Rera

Dubai: Service fees at some of Dubai’s most sought after freehold locations actually declined over the last 12 months, according to the Dubai Land Department, with Dubai Marina seeing a 12 per cent de...

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Relentless pressure remains on Dubai’s rental rates

Dubai: The pressure on Dubai’s residential rents remains relentless. Just about every community — whether they feature towers, mid-rises or villas — in the city has seen drops in the double-digits in ...

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