Dubai Luxury Property Show
Coming to London this month
According to property news, London’s prestigious Dorchester Hotel will host the Dubai Luxury Property Show on 24th
February. The event will showcase a selection of the Emirate’s most glamorous and luxurious residencies, with 7 branded luxury developments and 4,000 properties on offer.
Properties will include 5-star hotel apartments in the breathtaking Burj Khalifa, luxury homes in elegant golf estates and the world’s first-ever Roberto Cavalli villas. Click here
Meaning of Oil Price Reverse for Dubai Property in Arabian Business
As predicted by the IMP, the GDP growth forecast across the UAE has accelerated from 1.5% to 4.4%. A diverse economy, combined with a strong infrastructure, wealth from abroad and political stability have enable the UAE economy to stay resilient to the impact of the drop in oil prices.
Whilst oil has played an obvious role in the economy, the impact of the slump is unlikely to affect the Dubai property market. This is a great time to buy property in Dubai at lower prices. Thanks to lower prices and steady yields. Read Report here.
Dubai Luxury Property Oversupply Will Prevent Rapid Rebound
As oversupply remains a trend in the luxury market, overall property prices in Dubai will take longer to increase. It’s also likely to see a delay in construction schedules, with some projects taking up to a decade to complete, according to Phidar. View Report
Special Report: It’s A Property Renter’s Market in 2018: Gulf News
predict that rental rates will drop even further during 2018 in Dubai. Leading property consultants cite supply and demand pressures and higher living costs as among the biggest reasons for the drop in rental yields, making this the perfect time for tenants to negotiate a good deal. More than 20,000 new apartments are due to arrive in Dubai this year, pushing rents even lower. However, it is predicted, rents in Dubai will sustain
. Read news here
Property Launches Come Thick and Fast: Khaleej Times
After a worryingly quiet start to the year, developers in Dubai
are presenting buyers with a wealth of exciting opportunities during February alone. The luxury end of the market, in particular, is seeing increased activity, with two launches on Palm Jumeirah taking place during the week commencing 12th
February. Boutique developer Innovate Living is launching its flagship development Palme Couture Residences, featuring 14 luxury suites and a stunning seven-bedroom penthouse. Read here