Dubai’s realty brokers could feel the Brexit punch

Dubai: Further turbulence for global currencies could have consequences for those UAE real estate agents heavily reliant on overseas investors for their deals. The pound’s weakening, in particular, will effectively mean that UK-based investors are less likely to shop around for assets in dollar-pegged currencies. (The British currency is down 7.3 per cent for the … Read more

Apartment and villa prices fall in Dubai at beginning of 2015

Residential property prices in Dubai fell by almost 4% in the first six weeks of this year with both apartments and villas seeing declines, the latest research shows.Prices for apartments fell by 3.7% and villas by 3% respectively, the latest report from Phidar Advisory shows. Sales increased by 1.7% in January, the data also shows. … Read more