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Several global real estate consultancies in Dubai have predicted a decline in rentals this year, but, Reidin Housing Market Sentiment Index Survey has predicted a rental decline in the first quarter of the year itself.
The UAE Government has embarked on major renovation project which is aimed at reviving some of the old parts of Dubai city like Bur Dubai, Al Fahidi, Shindagha and Deira, a report said.
About 50 projects have been launched in the off-plan market across Dubai last year, and these will add 13,000 new housing units into Dubai property market, a report said.
As per the latest quarterly report issued by the MPM Properties, the real estate consultancy arm of Abu Dhabi Islamic Bank (ADIB), it has been found that 2014 has been a year of growth for Dubai real estate market.
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 Dubai Frame has been listed among the best new attractions of 2015 in the world, among the list of 13 new attractions to watch out for this year, according to UK-based newspaper.
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 UAE plans to spend about Dh.
Nakheel will begin leasing of retail, office and dining space at Golden Mile of Palm Jumeirah in Dubai, which forms part of rapidly-expanding retail development portfolio of Nakheel.
More than 14,000 buildings are now under construction in the emirate of Dubai, says a top official of Dubai Municipality, which has helped restart more than 70 held-over projects.