Dubai still offers lucrative rental returns: Arif Mubarak
Dubai Asset Management, a subsidiary of Dubai Holding, is looking to expand its portfolio both organically and inorganically with focus on Dubai as the emirate still offers lucrative returns on rentals, a senior official said. “We are definitely growing our portfolio in different ways as we are an investment institutional-driven organisation. Our growth is driven […]
Dubai real estate deals exceed $9.26bln in 5 months
The value of residential and commercial apartments’ deals in the emirate surpassed $4.6bln, Mubasher reports. The total real estate transactions in the emirate of Dubai valued at more than AED 34 billion during the first five months of 2019, up 33% from AED 24 billion in 2018, recent data issued by Dubai Land Department (DLD) […]
Post-Expo long-term effect on Dubai realty will be greater
It is always better to invest when it is a buyer’s market in order to benefit from the offers available International Monetary Fund says substantial amount of Expo 2020 Dubai investment will be completed by the end of this year and with a little more than a year left until Expo 2020 Dubai, industry experts […]
Revealed: how Dubai developers are making homes more affordable
Property Finder research says developers are progressively reducing the unit size in order to lower prices, Arabian Business reports. Developers in Dubai have been progressively reducing the unit size to make properties more affordable for investors and end-users, according to research by Property Finder. The UAE-based real estate portal said, however, that the average price […]
Silk Road Initiative: Why the UAE is set to benefit
In 2013, China unveiled a Silk Road plan for the 21st century – a strategy that aims to boost trade and productivity between the country and others across East Africa and Europe. The World Bank estimates the strategy, known as the Belt and Road Initiative (BRI) will encompass 30 per cent of the global GDP, […]
Tourism, retail and finance to boost Dubai’s GDP growth
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 are providing the bedrock for increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1%, 3.8% and 2.8%, in the years 2019, […]
A vote of confidence in Dubai real estate
Berkshire Hathaway’s entry highlights returns an exposure in Dubai can fetch, Gulf News reports. Warren Buffett is not the first name that comes to mind when we talk of investment gurus who have made a fortune by taking outsize risks. Instead, Buffett and the empire he built through his holding company, Berkshire Hathaway, chose to […]
UAE’s permanent residency scheme to boost real estate in country: experts
The “Gold Card” programme unveiled by UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum is open to investors and “exceptional talents” such as doctors, engineers, scientists, students and artists, MoneyControl reports. The UAE’s recently-launched permanent residency scheme could be a game changer and provide a fillip to the real estate market by encouraging expatriates to […]
Dubai property market records a fourth month of sales growth
Dubai’s property market has come up with a fourth successive month of improved sales, both on off-plan and ready units. And with enough prospective buyers out there, developers in Dubai — government-owned and private — are feeling emboldened to test the markets with more launches. These are the numbers they will be looking at — […]
Dubai plans single licence to operate in all free zones
Dubai Free Zones Council members reach preliminary agreement on the One Free Zone Passport initiative, Arabian Business reports. Members of the Dubai Free Zones Council (DFZ Council) have reached a preliminary agreement on a new initiative to make it easier for companies to operate in multiple free zones. At its 12th meeting, members said they […]