Dubai Property News Archives

Samir Salya’s tips for buying or renting commercial property in Dubai

July 29, 2020May 13, 2018 by Samir Salya

There is an increasing demand for commercial property in Dubai in 2018. The growth of the sector has been further stimulated by investors actively searching out the right space in the best location at the most attractive price. Economic growth in Dubai has been driven by the ongoing preparations for Expo 2020. This, along with ... Read more

Samir Salya on Dubai’s Oversupply Preventing Recovery

July 29, 2020February 22, 2018 by Samir Salya

With signs of growth in the affordable property market, it seems like Dubai’s property market is starting to recover from its recent lull. However, a recent report by Phidar Advisory suggests that this recovery could take much longer than expected. With oversupply remaining as the main problem facing luxury properties, the oversaturation in the marketplace ... Read more

Samir Salya on the Slowing Momentum of Dubai’s Property Sales

July 29, 2020February 8, 2018 by Samir Salya

Although the market in Dubai is showing a turnaround as of late, January property sales fell. According to figures reported by The Gulf News, off-plan sales dropped by 28% in volume and 40% in value terms, based on a year-on-year evaluation. Despite some sales drop-offs forecast in January 2018, following an exceptionally strong 2017 for ... Read more

Samir Salya on Dubai’s 9-Year High for Off-Plan Property Sales

July 29, 2020January 31, 2018 by Samir Salya

Despite recent dips in the Dubai property market, off-plan property is experiencing a sales boom. Showing the highest number of sales since 2008, figures from commercial real estate agency JLL reveal that a total of 25,600 off-plan properties were bought in Dubai throughout 2017. Off-plan property soars JLL’s report suggests that confidence is returning in ... Read more

Samir Salya on Dubai’s Falling Real Estate Investment Yields

July 29, 2020January 18, 2018 by Samir Salya

With the real estate market in Dubai experiencing a fall in recent months, the rental market is set to experience a similar slump. As rents continue to decline in the region, yield compressions will be seen in many areas. With no upturn predicted over the next few months, the real estate market is expected to ... Read more

Samir Salya on the Problems of Property Oversupply in Dubai

July 29, 2020January 11, 2018 by Samir Salya

The Dubai property market is facing the threat of oversupply in the face of growing competition, according to Gulf General Investment Company (GGICO). The UAE-based developer’s forecasts for the future of the real estate sector come as the demand for property in Dubai begins to stabilize. With investment increasing and sales decreasing, the market is … Read moreSamir Salya on the Problems of Property Oversupply in Dubai

Samir Salya on Key Influences for Dubai Property in 2018

July 29, 2020January 4, 2018 by Samir Salya

Dubai’s property market has seen a turbulent time in recent months, due to the fall in prices and slump in sales. Although the region remains an attractive city to investors, there are several factors that can influence the success of the market moving forward. Corporate consolidation Mergers of big businesses are still impacting the economy ... Read more

Samir Salya on Dubai property in 2017

December 7, 2017 by Samir Salya

In 2017 we’ve witnessed a great deal of change in Dubai’s property market. Shifting from high price properties and rentals to off-plan sales, lower rents and lower priced houses surging in popularity. This transformation is helping to revive what was a flagging market. The Dubai Land Department (DLD) has noted upsurges and declines throughout ... Read more

Samir Salya on the Middle East’s overseas buying

October 26, 2017 by Samir Salya

In 2015, the wealthy investors of the Middle East spent a record $30 billion. This year, it’s dipped to $16 billion, and looks likely to stay at this level. Investors have cut their overseas spend nearly in half since 2015. This is down to the unpredictability of oil prices and the slowdown in economic growth. ... Read more

Samir Salya on a new floating development in Dubai

July 29, 2020September 19, 2017 by Samir Salya

An ambitious developer is planning to recreate Venice just off the coast of Dubai, with plans for a floating hotel. The Dh2.5 billion development will have an underwater floor and is the brainchild of the Kleindienst Group. Plans unveiled The company announced its plans on the first day of Cityscape Global 2017. The project is ... Read more