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Dubai property set for return to growth next year, says Knight Frank
Dubai’s residential property market is heading for a “soft landing”, with a flattening of prices expected for the remainder of this year ahead of a likely increase next year, according to Knight Frank. The property consultancy’s latest Inside View report released yesterday says that after “a period of restraint” caused by lower oil prices and
Brexit Bulletin: Banks Already Plotting City Exodus
It’s planning time at London-based banks, and the U.K is digesting real post-Brexit data. Larger investment banks with their European headquarters in London are already making plans for their own withdrawal. Many plan to start the process of moving jobs from the U.K. within weeks of the government triggering Brexit, people briefed on the plans of four of the biggest
September 22, 2016
Read more about Brexit Bulletin: Banks Already Plotting City ExodusContractors for Expo 2020 works to be named soon
Infrastructure works will be completed in 2018, says top official. Dubai: The initial works on the Expo 2020 site have commenced — with the land now ready and the Expo Dubai Bureau set to announce the names of contractors executing the infrastructure work. Najeeb Al Ali, executive director of Expo 2020, said: “We have an
September 22, 2016
Read more about Contractors for Expo 2020 works to be named soonUAE salaries still set to rise 4.6% next year
New policies governing inflation, including introduction of VAT, to fuel wage adjustments. Dubai: Although the economic environment has been challenging for many businesses, salaries of employees at some companies in the UAE have actually increased this year and are expected to rise over the next few years. The latest research conducted by Aon Hewitt indicated
September 18, 2016
Read more about UAE salaries still set to rise 4.6% next yearDubai unveils new visa system
Residents will not be required to visit GDRFA offices to apply for visa, other services. Dubai: Residents can now carry out all visa and residency transactions through the new UAE vision system, introduced by the General Directorate of Residency and Foreigners Affairs (GDRFA) on Wednesday. Major General Mohammad Ahmad Al Marri, Director General of GDRFA, said
September 15, 2016
Read more about Dubai unveils new visa systemDubai and Abu Dhabi named Middle East’s most sustainable cities
Dubai has been named as the region’s most sustainable city, but it still falls in the bottom half of a new global ranking of 100 major cities. Construction consultancy Arcadis has placed Dubai 52nd in its 2016 Sustainable Cities Index, which was compiled by the Centre for Economic and Business Research. Abu Dhabi was the
Gulf millionaires more likely to invest in Dubai property market over London in 2017
Dubai’s property market is set to overtake the international destinations of London, New York and Singapore as the top choice for GCC wealthiest investors next year, a report has found. The region’s high net worth individuals ($1m-plus) ranked London in second place alongside Paris and Doha in Cluttons’ third Middle East Private Capital survey, while Toronto
Over 500 hotels currently in the pipeline in the Middle East
Long term infrastructure spending and event-driven investments relevant to Expo 2020 and 2022 FIFA World Cup Qatar is set to boost the Gulf hospitality sector, expert says. “Owing to key source market trends, increasing visitor demand for longer length of stay and value accommodation, there is a growing demand for mid-scale hotels and service apartments
Brexit begins to hit Dubai property sector
A straw poll by Dubai’s leading real estate portal, propertyfinder.ae, of several of the emirate’s top real estate agencies, has indicated that the anticipated ‘Brexit effect’ has reached the local market. Although still early days after the controversial referendum in June which saw the United Kingdom vote to withdraw from the European Union, international markets
August 31, 2016
Read more about Brexit begins to hit Dubai property sectorHave a question about the Middle East?
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