Global Market

It’s time to bargain hard with your Dubai landlord

Apartments and villas in Dubai have seen an average annual rental decline of approximately 10 per cent in the first quarter of 2018, says real estate consultancy Asteco. This is forcing landlords, especially in areas with a significant supply pipeline, to offer sweeteners such as multiple cheques, rent-free periods and even absorb utility, maintenance and/or […]

Dubai's real estate market focuses on affordability
Global Market

Dubai’s real estate market focuses on affordability

As a result, residential developers have offered smaller units at competitive prices in areas known for more affordable housing, such as Dubai South, Dubailand and Jumeirah Village Circle (JVC). “Affordability” is the word that has predominated Dubai’s real estate sector for Q1, 2018, according to the latest Real Estate Market Overview from JLL. Pointing to […]

Expo 2020, strong economy bode well for Dubai realty
Global Market

Expo 2020, strong economy bode well for Dubai realty

Dubai real estate has emerged as a mature and stable market in the wake of the global financial downturn and has a promising outlook riding on strong economic indicators and Expo 2020 projects, say experts. According to top industry executives, the emirate’s real estate industry offers good investment opportunities despite some softening in certain areas. […]

Global Market

Dubai splashes billions on mega projects ahead of Expo

[DUBAI] Dubai is splashing tens of billions of dollars on infrastructure and hospitality projects related to the international trade fair Expo 2020, Dubai-based BNC Network said in a report published Sunday. The value of Expo-related projects underway hit US$42.5 billion in March, according to the Construction Intelligence Report. It said that US$17.4 billion were invested […]