Dubai will complete an estimated AED301 billion ($82 billion) worth of projects in the areas of housing, entertainment and infrastructure by 2020, a new report has said.   These large scale developments will create immediate demand in the work force, reducing the current occupancy rates of housing stock, said Reidin’s report entitled Dubai: Tomorrowland. Read More...

  Dubai Land Department (DLD) has announced that the total amount of real estate transactions recorded in the emirate in the first six months of 2015 reached Dh129 billion ($35 billion). This is over 15 per cent more than the Dh113bn in transactions recorded in the same half of last year.   A financial report issued Read More...

Dubai’s tighter property rules aimed at preventing a housing bubble are the main cause of a slowdown in the emirate’s real estate sector rather than a sustained drop in oil prices, industry experts said.   Dubai has a low reliance on oil despite hydrocarbons providing three-quarters of the United Arab Emirates’ consolidated revenue in 2014, Read More...