Between April and June, approximately 1,300 apartments and 120 villas were constructed. ValuStrat, based in Dubai, projects around 9,000 units will be completed by the end of the year, with an additional…
Tag: market
Abu Dhabi launches first Rental Index to offer greater transparency in property market
“The Rental Index will energise the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract international investors,” said Rashed Al Omaira, Acting Director General, Abu Dhabi Real…
Dubai real estate market sees record Dh650 million land sale
The total value of real estate sales in Dubai has soared to Dh2 billion, driven by 494 transactions. Business Bay led the market with 696 transactions. Following Business Bay, Al Yafwa 1…
Nvidia value soars $330b in biggest daily value gain in stock market history
Jensen Huang added nearly $12 billion to his fortune Wednesday, a record tally to match Nvidia Corp.’s record day. It was the biggest one-day dollar gain for Nvidia’s co-founder and chief executive…
Only limited impact on UAE gold market demand after India slashes customs duty
Dubai: On Tuesday (July 23), India slashed its import duty on gold to 6 per cent from 15 – but this will have limited impact on demand for jewellery shopping when visitors…
BYD challenges VinFast in Vietnam’s EV market
The initial product line-up of three models includes the compact crossover Atto 3 – this will double to six models from October 2024, according to Vo Minh Luc, chief operations officer for…
Kuwait’s real estate market grows 7 per cent in the first half of 2024
Despite this overall rise in total contract value, there was a noticeable decline in various types of real estate transactions, except for exhibitions and warehouses. Exhibitions saw 4 contracts registered amounting to…
New pricing dynamics will come into play in Dubai property market
In red-hot real estate markets, it becomes hard to value properties as many factors come into the equation: location, size, layouts, proximity to the sea, renovations, in addition to comparable launches taking…
UK investors urged to enter Saudi sports market
The forum, organised by the Saudi Chambers of Commerce and represented by the Saudi British Joint Business Council, coincided with the UK-Saudi Sustainable Infrastructure Summit, according to the Saudi Press Agency. This…
Dubai property market is reaching for new peaks – these factors can help speed it up
However, along with rapid growth comes the looming risk of an oversaturated market. With over 95,000 units expected to be handed over by 2026, the balance of supply and demand teeters on…