• Dubai needs new homes and lots of them: Colliers

    An estimated 51,000 new homes are likely to enter the market by 2020; Occupancy levels nearing 90%, putting pressure on rentals Dubai: With occupancy levels across all available homes in Dubai at a significant 87 per cent, the city will need new homes — and fast. An estimated 51,000 new homes are likely to enter […]

  • Dubai real estate market will peak in 2015, says property boss

    The rise of Dubai’s fast-growing residential real estate market is likely to peak in 2015, but will not suffer the same dramatic pitfall seen in 2008 and 2009, a leading Dubai real estate boss has forecast. “We do a lot of analytics and we do a lot of market research. We know that every eight […]

  • Tallest Twin Towers Part of Emaar Megaproject on Dubai Lagoon

    The world’s tallest twin towers will be the centerpiece of a new residential and business project in Dubai being developed by Emaar Properties PJSC (EMAAR) and Dubai Holding LLC. The first phase will start Nov. 1 with the sale of 350 apartments in two smaller 40-story towers, according to the companies. Those buildings will take […]

  • Dubai real estate stabilises

    Dubai: Real estate sales and rentals suffered correction in the third quarter of the year compared to previous quarter but witnessed growth in both the segments compared to same period last year, according to a latest report. Dubai’s real estate sector witnessed further stabilisation and a slowing down of both rental rates and sales prices […]