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Developers in Dubai are moving ahead with off-plan launches as they are of the opinion that it would be better to go ahead with launches now, rather than await favourable circumstances.
The property sector in Dubai ended on a quiet note last year, as all segments of the market, including residential, office, retail and hotel sectors recorded subdued growth levels in the fourth quarter of the year.
The International Construction Cost Report of 2014 recently revealed the world’s most expensive countries in the field of construction and, what it means for the year 2015.
The Managing Director & CEO of Dubai Electricity and Water Authority (DEWA), Saeed Mohammed Al Tayer, unveiled three mega industrial shows in Dubai, namely, Tube Arabia, the international trade fair for tube and pipe industries, the Arabia Essen Welding & Cutting (AEWC), which showcases products and services in manual and machine welding, and the inaugural Metal Middle East, the international trade fair for metallurgical technology, thermo process technology, foundry machinery and metal working tools.
Residents in Dubai have shown wide support for current laws and regulations governing real estate in the country.
The Dubai real estate sector will continue to emerge as a mature market in 2015, with real demand now coming from end-users and long-term investors, said Chairman of Emaar, Mohammed Alabbar.
Rentals across certain master communities in Dubai have grown by 6 to 25 percent during the rent index update this year, in comparison to final rent index of 2014.
23/12/2014 - The most popular family and entertainment park, Global Village, has already drawn more than a million visitors within a month of its opening.
16/12/2014 - The Grade A fitted-out offices in Dubai are in high demand, as they get leased out at favourable rates within a week or two.
4/12/2014 - The UAE is the least corrupt country in the Middle East and North Africa (MENA) region, says the 2014 Corruption Perceptions Index.
1/12/2014 - The labour ministers in GCC may shortly implement a skill assessment and certification project on expat workers, together with major manpower exporting countries like India, Pakistan and the Philippines.