The Dubai property market on an average can absorb 25,000 units a year in future to maintain current vacancy rates, said a report citing a financial expert.
The drop in construction activity in the past few years has given Dubai
A combination of factors including Dubai’s successful win to host Expo 2020 and the recent real estate legislations will trigger higher growth for the real estate industry in Dubai during 2014, said an expert.
Abu Dhabi's bourse crossed the 4,000 mark for the first time in five years on Monday, playing catch-up to gains on neighbouring Dubai's market, which extended a rally driven by the recovery in the real estate sector.
The Dubai property sector is showing strong signs of recovery following the 2008/2009 crash that hit Dubai investors during the international financial crisis, said a report.
“The real estate market in Dubai is finally showing sig
Much of the land backing a $1.03 billion sukuk bond from Dubai property developer Nakheel is unreclaimed seabed, Reuters quoted bank sources as saying, leaving trade creditors holding the paper with scant recourse to tangible assets in the event o
Qatar will have to endure at least another 12 months of falling property prices before a recovery in 2011, when the benefits of a prudent approach towards real estate development begin to pay off, say analysts.
According to industry expert
Years of chasing business in Dubai's property boom means that Abu Dhabi banks have built up an exposure to Dubai-based companies worth at least 30 per cent of their loan books, senior bankers in Abu Dhabi said on Friday.
As a result, b
Dubai's suffering property sector is at risk of further price declines due to the seasonal summer and Ramadan slowdown, expatriates leaving the emirate, and oversupply, Moody's Investors Service said on Tuesday.
"Oversupply in the market i
An Al Noor tuck shop, set up Dubai Properties Group (DPG), a member of Dubai Holding, received an overwhelming response during its three-day run at the DPG headquarters in Dubai Internet City.
Manned by the staff of Al Noor Centre for Chil
Property prices in Dubai could fall about 20 percent on average, the chairman of the emirate's largest developer, Emaar Properties, said in remarks published on Monday.
Mohamed Alabbar also said Emaar's financial position was strong but th