• Dubai beats 53 global cities, remains world’s hottest property market

    The pace of increase in property prices in Dubai has slowed, but compared to 53 other global cities they are still increasing at the fastest pace in the world, according to Knight Frank. Dubai continues to top the annual rankings for the fifth consecutive quarter, recording an annual price growth of 24 per cent though […]

  • Dubai Sports City plans Mall of the Emirates-sized retail hub

    The designs for a new mall – to be about the same size as Mall of the Emirates – at the $4bn Dubai Sports City development have been finalised, according to a senior official. Dubai Sports City finance head Vijay Sajjanhar said the work on the Arena Mall had been carried out by a US-based […]

  • Dubai’s Government-backed developers make significant debt repayments

    The big government-related entities that were at the heart of Dubai’s financial crisis have made great strides in recent weeks to pay down significant chunks of the huge debt they incurred in the wake of the financial collapse, according to an analyst. London-based Capital Economics said government-related developers such as Nakheel and Dubai World had […]

  • Dubai’s freehold property sector witnesses growth

    Industry sources confirm that the government with its various regulatory bodies has spread an extra mile to bring about stability by controlling supply and nipping problems that had been experienced in the past. They say that aggressive law and other timely steps have totally restored the health of the realty estate, which has become more […]