Dubai House Prices on Track for Another Double-Digit Drop

Property prices in Dubai could fall by as much as 10% this year as a strong dollar and falling oil prices continue to weigh on demand for homes in the popular tourist destination. Dubai’s real estate prices tumbled by around 13% on average in 2015 and Standard &  Poor’s, one of the big three credit rating … Read more

UAE Cities Remain Preferred Choice For Rich Gulf Real Estate Investors

Dubai, Abu Dhabi and Sharjah remain by the destinations of choice for wealthy Gulf individuals with an interest in investing in property. According to research by Cluttons, which polled high net worth individuals (HNWIs) across the region, Dubai is the most popular city for real estate investment, with 27 percent saying they picked the emirate … Read more

Dubai’s Emaar Seeks To Surpass World’s Tallest Tower With New Landmark

DUBAI: Dubai’s Emaar Properties plans to build a new tower in the emirate to surpass the Burj Khalifa, currently the world’s tallest building, chairman Mohamed Alabbar told reporters. The new project comes as Dubai developers continue to announce new schemes despite a softening real estate sector, with the Emaar-built Burj Khalifa expected to be usurped … Read more

Is 2016 The Year In Which Dubai Real Estate Price Fall Ends?

Since the 1980s, China has seen enormous increases in its wealth because of its economic reforms, which have created numerous Chinese investors with a newfound interest in other countries as well as the means to capitalize on the investment opportunities therein. Although most of this investment is headed towards major countries such as the United … Read more

How Do Oil Prices Influence The Dubai Real Estate Market

In January 2016, benchmark crude reached a 12 year low with prices falling under $30 a barrel because of oversupply in the market driven by the decision of OPEC to defend market share and not reduce supply. Decrease in the price of oil has many multiplier effects we will try and examine how a low … Read more