Keep up to speed with us! FOCUS – EXPO 2021 Dubai’s international trade event has come with new dates for next year. The government initiatives are promoting many international buyers to invest in prime locations. There will be an honest increase in the number of visitors with an agenda to expand the business. EXPO 2021…
Average sales prices
Average sales prices and rents softened across most communities in Dubai in Q2 2019. However, over the 12-month period from Q2 2018, the average rate of price decline slowed. The price gap between apartments and villas/townhouses narrowed markedly. Average sales prices declined more than rents in Q2 2019, as was the case in the previous…
Retail Market Overview
The retail sector in Dubai remained subdued in 2018, with rental declines prominent throughout Dubai, particularly in the case of line retail shops in Bur Dubai, Deira and other secondary locations registering higher vacancy levels. Meanwhile, vacancy levels in super-regional and regional malls as of Q4 2018 remained relatively stable at 9%. Developers handled this…
Dubai Real Estate Market Outlook 2019
New Government initiatives to boost real estate demand. Building upon the visa reforms launched in late 2018, the government has started giving out long term residency permits called “Golden Card” in 2019. This scheme aims to provide long term residency for investors and for exceptional workers in the fields of health, engineering, science and art….
UAE MARKET REVIEW AND FORECAST 2019
The United Arab Emirates’ GDP increased by 0.8% in 2017, down from 3.0% in 2016. Over the course of 2018, the Central Bank of the UAE’s Overall Augmented Economic Composite Indicator, has shown that GDP growth has strengthened throughout the year on the back on higher oil prices, higher levels of production in the hydrocarbon…