Rents remain stable and sales are down, according to a new Dubai property report. CBRE’s Q3 2015 figures show sales rates declining around 2% from Q2 and around 6% year-on-year. When it comes to rents the global real estate advisor reveals that average rentals, within the residential sector, remained stable although affordable locations saw some growth. Another finding from the report details how the growing resident population has driven robust growth in the Dubai retail sector.
H.H. Sheikh Hamdan pays tribute to UAE's royal photographer
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has offered his heartfelt condolences to the family of royal photographer Ramesh Shukla, who passed away on Sunday.
Sharjah approves over AED76 million in debt settlement for citizens
More than AED 76 million in debt have been settled for UAE nationals living in Sharjah.
H.H. Sheikh Hamdan awards Arab Hope Makers
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has awarded Morocco's Fouzia Jbara Mahmoudi with AED1 million as the top winner of the Arab Hope Maker initiative on Sunday.
UAE looks into framework to regulate children's social media use
The UAE's Education, Human Development, and Community Development Council is working towards establishing a framework that will regulate the use of social media among children.
UAE Ramadan moon-sighting committee to meet on Tuesday
The UAE Fatwa Council has announced that the moon-sighting committee will meet on Tuesday at 6:00 pm at Qasr Al Hosn in Abu Dhabi to indicate the start of the holy month of Ramadan.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
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Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
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