• Dubai property sector sound and growing

    Dubai’s property market is growing and very importantly growing sustainably, with developers all round showing signs that they have learnt some very important lessons from the past; chief among those the need for development to be both sensible and maintainable. This is especially evident in the diverse range of developments currently being undertaken in what […]

  • Dubai developer Nakheel announce Dhs2.6 billion profits

    Nakheel made a net profit of Dhs2.6 billion for the first nine months of 2014, the developer has announced. The figure is higher than the company’s profit for the whole of 2013 and an increase of 47 per cent on a profit of Dhs1.77 billion in the same period last year. Strong revenue from property […]

  • Good times are over for Dubai property… and we should be thankful

    One of my favourite songs is a George Michael track called “John and Elvis are dead.” It’s about a man who wakes up after many years in a coma, and finds that much of the world around him hasn’t changed a jot. I thought of this track again last week when visiting Cityscape Global. For […]

  • Mortgage Market Update – September 2014

    The introduction of a Central Bank mortgage cap and increase in Dubai Land Department fees from 2% up to 4% late last year, have taken the steam out of the UAE property market.   House prices have been softening all year and after a slow summer, sellers are starting to reduce asking prices. This is […]