Here are the latest events in Dubai in terms of business, real estate, and the economy in general. Don’t miss out on the most important updates here…
Masonry Blog
A lot of events are taking place this week in Dubai in terms of business, real estate, and the economy in general. Read the most important updates here…
Everyone can expect the 2019 Dubai Shopping Festival to be bigger than ever. It’s not merely the usual month-long festival with bargains, events, raffles, and fireworks. Some malls in the UAE hosted a 12-hour sale with discounts of up to 90 percent on the first day of the festival.
Due to the UAE’s efforts to stimulate business investments, Dubai expects that there is almost a complete halt in the state spending growth since revenues expand slowly. This has been reported in the 2019 state budget which was released recently.
The market forecast shows that the Dubai real estate for 2019 will stay pro-buyer. There is an ample supply that is both existing and being delivered which ensures that sales prices are under pressure.
The economic recovery of Dubai was underlined in the 2013 annual report provided by the Dubai Chamber of Commerce and Industry. It was revealed that the GDP increased by 5 percent in 2013. Exports and re-exports also increased with its members growing by 8 percent.
As 2019 advances, it is only fitting to review Dubai’s property market for 2018. It’s better to talk to the authority on this like Lynnette Abad, the director of data and research at the Property Finder Group.
The real estate industry everywhere is a constantly changing market. There are many innovative technologies that shape up the manner in which real estate agents, developers, and brokers do business. Let's recap on the Top Technology Trend of 2018.
The total real estate transactions in Dubai reached AED 204 billion in 2017. The land, building, and residential unit transactions went beyond the AED 88 billion mark. This is according to data from Dubai Land Development.
One of the fresh development ideas that is flourishing in Dubai today is that of putting up luxury retirement communities for the seniors. This concept of having purpose-built luxury retirement-based communities will commence in 2019.
Majority of people prefer the touch and feel of a real property when it is finished and ready for occupancy. There are several technologies that can alter the way in which properties are marketed in the UAE.
Dubai is among the top 20 cities for the super wealthy. The Cluttons Survey named Dubai as the most preferred location for property investment. Learn the growing real estate market of Dubai.