Posts in category: News

London, Paris and New York are called “dream cities”

The 175 largest cities in the world have been comprehensively examined by experts from the analytical group Resonance Consultancy, who ranked the best places to live. Specialists rated cities by 24 parameters in six categories.

Despite the protracted crisis, 14 thousand housing units were built in the emirate in eight months

Since the beginning of 2018, 47 major housing and construction projects have been completed in Dubai, totaling 14,000 housing units. 364 residential complexes were commissioned for 10,000 apartments (apartments), as well as 2,258 townhouses and 1,575 villas. Such data released by the Dubai Land Department (DLD).

The cost of housing in the emirate has been continuously decreasing for two years

Residential real estate prices in Dubai in the third quarter of 2018 decreased by 7.4% compared to the same period of the previous year. Such data sounded the publication Propertywire.

Most of all prices for villas and apartments in the coming year will grow in Madrid, Berlin and Paris

The tightening of rules in leading real estate markets, rising bank rates, uncertainty associated with Brexit, as well as excess housing construction in some countries predetermine a decline in housing prices in the most expensive global markets.

The annual decline in the cost of Dubai housing remains double-digit in percentage terms

Residential property prices in Dubai in the third quarter of 2018 decreased by 4% compared with the second quarter. This indicator of quarterly price reduction turned out to be approximately equal in the segment of apartments (apartments) and houses (villas). Such data was voiced by real estate agency Asteco Dubai.

In the overseas property market, the United Arab Emirates often looks like a terra incognita to a newcomer, where the only world-famous landmark is the Burj Khalifa, the tallest building in the world. However, the local real estate market hides a lot of interesting things in itself, so consider its current situation.