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AED339m investment in Dubai Lagoon Project

Dubai to open new themed markets to continue economic expansion

The Dubai Lagoon project, delayed by the financial crisis, will finally be completed in 2016 following an investment of AED339m Summary Dubai Lagoon set for 2016 completion after AED339m investment Investment represents half of construction contract worth AED678m 5.7million sq ft site to house Dubai’s first crystalline lagoon – close to World Expo 2020 site… Read more »

UAE Central Bank reveals real estate economic impact

UAE Central Bank reveals real estate economic impact

The Central Bank of the UAE has revealed that Dubai residential property prices rose by nearly a quarter in 2013 with real estate driving recovery Summary Financial Stability Report 2013 shows Dubai price increase of 24% Central Bank of UAE reveals rental yields just below 8% Bank finance up by AED12.7bn in 2013 Residential property… Read more »

Dubai records positive hotel RevPAR scores for May

Dubai records positive hotel RevPAR scores for May

Hotel performance metric reflects popularity of Dubai as visitor numbers swell and real estate investment opportunities increase Summary Revenue-per-available-room predicted to see growth of 3% in 2014 STR Global shows demand up 6.1% while available rooms increases 8.8% to meet it Fall in occupancy but due to increased number of rooms built Hotels in Dubai… Read more »

Dubai mega projects total $240bn

Guide to Living in Dubai

The top ten building projects in Dubai total $240bn (c. AED881.5 billion), states new data, showcasing the strength of the Dubai property market Summary Strength of Dubai property market highlighted by number of billion dollar mega projects Top ten projects in the Emirate worth $240billion (c. AED881.5 billion) $7bn dollar World Expo 2020 master plan… Read more »

House prices up nearly £7,000 in May reveals Halifax

House prices up nearly £7,000 in May reveals Halifax

Halifax has revealed the largest jump in house prices for 12 years occurred in May, as prices rose by 3.9%, the equivalent to £6,940 Summary House prices rise by 3.9% in May to average if £184,464 according to Halifax Rise is highest in 12 years, since jump of 4.2% in October 2002 Annual house price… Read more »

UAE ranked 11th in Foreign Direct Investment Index

UAE ranked 11th in Foreign Direct Investment Index

The UAE is the top investment location for direct foreign investment in the Middle East and Africa according to A.T Kearney’s global Index Summary A.T Kearney Global Foreign Direct Investment Index ranks UAE in 11th Good infrastructure, large talent base and business ease behind ranking Ranking returns to 2010 level, closes on 2007 peak The… Read more »

Knight Frank: Dubai house prices still seeing record growth

Knight Frank: Dubai house prices still seeing record growth

Property price increases in Dubai slowed in Q1 2014, but growth rate of 27.7% in the year until March remains highest globally Summary Dubai housing market seeing fastest global rate of growth Knight Frank reveals property rose 3.4% in Q1 2014, up 27.7% in 12 months to end of March Report suggests alterations to property… Read more »