News
Stay up to date with the latest market news
26 May 2021
Dubai’s property sector recorded its largest single-month price increase since March 2014 in April, increasing for the sixth consecutive month by 2.5 per cent as investors returned with confidence, buoyed by recent capital gains, a new market study said on Wednesday. Reasons for the buoyancy also include “an extremely low-interest rate environment and mortgage availability that continued to drive healthy […]
6 May 2021
DUBAI, United Arab Emirates (AP) — After nearly three decades in London, Christophe Reech was fed up with the city’s pandemic lockdowns. This spring, he sold his luxury townhouse and jetted off to the desert sheikhdom of Dubai to start a new life with his family. There was no turning back, he said. The French business magnate’s super wealthy foreign […]
29 April 2021
The wealthiest home buyers fleeing virus lockdowns for Dubai are still finding bargains aplenty, turning March into the busiest month ever for the emirate’s top-end residential properties. A record 84 properties, each worth 10 million dirhams ($2.7 million) or more, changed hands last month, according to data from real estate consultant Property Monitor. In total, Dubai’s priciest homes fetched 1.7 […]
27 April 2021
Property prices in Dubai have started to increase on the back of strong demand, with values in March rising by 1.3 percent compared to 2020, the first yearly increase since 2015, Property Monitor said on Tuesday. “Property prices have increased…, confirming the strong reversal of the downward trend of recent years,” the research firm said in a report. As of […]
27 April 2021
The Dubai property market continued to strengthen in Q1 2021 to record the first yearly price increases since 2015 while displaying new and promising markers for growth each month. In March, with a rise of 1.3 per cent to Dh873 per sqft, realty prices have recorded the first year-on-year increase since February 2015 while confirming the strong reversal of the […]
22 April 2021
Dubai: The UAE real estate market currently presents the most attractive prices and deals, making 2021 the best time to invest in property. You would either want to purchase property to build your investment portfolio or live in the unit as an end-user. The range of developers’ options on payment plans and attractive bank interest rates on home loans makes […]
7 April 2021
The Royal Institution of Chartered Surveyors (RICS) has stated that reinstatement cost assessments (RCAs) must be conducted every three years. Ideally, this should be done every year, so that the “figures are updated and the correct levels of insurance are met,” Walker said. Explaining that RCAs have been made “mandatory” for jointly-owned properties by Dubai Real Estate Regulatory Agency (RERA), […]
7 April 2021
Cavendish Maxwell, the Dubai-based chartered surveying practice and property consultancy operating in the Middle East and Africa, has launched end-to-end property management services for the Oman market, it has been announced. According to a statement by the firm, the new service line will see the team provide bespoke, strategic property management services while overseeing the financial, leasing, marketing and maintenance […]
1 April 2021
The property market in Dubai is increasingly displaying signs of healthy demand and stabilisation with price increases recorded consistently over the past four months, providing further evidence that the market bottomed out in late 2020. For the three months ending February, prices increased 4.6 per cent, according to Property Monitor. The price recovery gained further momentum in February, with monthly […]
21 March 2021
Building fires were listed among the top ‘site risks’ by the United Nations’ International Labour Organisation (ILO) in 2019. Over the years, safety holds multiple definitions for the industry, but the question remains: how has the industry adapted to be better equipped to tackle fires? The Sharjah Abbco Tower fire in May 2020, which gutted the “49-floor tower of 328 residential […]
