Property News
Latest property news & product launches
$8.17bln initiative to boost economy
“Assets in the state banks exceeding AED 3 trillion to push the economy towards new horizons."
Bank of America takes stake in Dubai's Emirates NBD
Bank of America is believed to have bought 100 million shares - about 1.51% - of Emirates NBD.
Dubai residential real estate markets fall by 8.8% in 2019
The fall in prices has not caused a change in the rental yields for the region's real estate markets in 2019
Q1 transactions rise 10% on the back of government policies
The month of March alone recorded 3,124 sales transactions worth Dh6.99 billion.
Dubai property and the EXPO 2020 postponement
Dubai’s property market will get more time to adjust its supply and demand situation.
UAE economy grew at 2.9% in 2019
The International Monetary Fund expects the UAE economy to expand at 2.5% in 2020
Dubai property sales climb to 11-year high in November
Formation of special committee inspires investors, pushes transactions to record levels
UAE Central Bank removing 3% early settlement fee for mortgages
The early settlement fee for mortgages has been reduced to just 1 percent on the outstanding mortgage amount or AED10,000 – whichever is less.
Non-oil sector key growth driver for UAE, GCC
The UAE and Gulf economies are expected to strengthen this year, helped by elevated levels of government spending
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