According to an article in gulfnews.com, residential rents in Dubai dropped by an average of another 3% in June but analysts think this trend will soon be reversed. They are predicting rents will increase once the emirate starts working on real estate projects in preparation for the World Expo in 2020. It’s expected the downward
Real Estate in Dubai Rumored to Be Recovering, Again
October 3, 2011 by
Apparently the real estate market in Dubai could be on the verge of a recovery as property prices in prime locations have shown their first increase since the beginning of the recession. Prices of villas located in various luxury developments such as the Meadows, Arabian Ranches and Palm Jumeirah have increased by around 1% since
Property Experts Divided Over Worth of Three-Year UAE Visas
August 3, 2011 by
The recent news that some UAE home purchases will be able to obtain three-year property visas has divided real estate experts, as some believe it will have little effect on Dubai’s ailing real estate market while others think it could increase foreign sales. In June the government decided to offer extended visas to those who
