Dubai's tighter property rules aimed at preventing a housing bubble are the main cause of a slowdown in the emirate's real estate sector rather than a sustained drop in oil prices, industry experts said.
Dubai has a low re
Political turmoil and instability in the region have led to a drop in business confidence in the UAE and Middle East in the first quarter (Q1) of 2015, according to a new survey of finance professionals.
The Global Economic Condit
The best month to buy a property in Dubai is in October through February, while the optimum time to sell is in May through July, a report said.
The relationship between price change and transactional volume in the market helps def
The Saudis were the second biggest buyers (after local Emiratis) in Dubai's real estate sector among the GCC countries in 2014 with a total spend of Dh22.7 billion ($6.17 billion), said a Dubai Land Department (DLD) report released ahead of
With the cooling of the real estate market since the middle of last year and the rapid fall in oil prices over the last few weeks, it could be interesting times ahead for Dubai's investors, said JLL chief executive officer Alan Robertson.
Increases in Dubai property prices slowed in the second half of 2014 and valuations will be steady next year as a glut of new units are released, leading real estate consultants CBRE said.
Increases in Dubai property prices
Saudi Arabians were the leading GCC investors in property in Dubai, UAE, in the first half of 2014 with investments worth Dh3.4 billion ($925.5 million), according to a report from global property consultancy Frank Knight.
They were fol
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.