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Dubai property transaction volumes in 2019 increased by 22 percent compared to 2018.
Dubai needs to halt all new home construction for one or two years to avert an economic disaster brought on by continued oversupply, according to one of its biggest builders.
Dubai developer Emaar has partnered with fashion designer Elie Saab for a new residential development, ELIE SAAB at Emaar Beachfront.
The world’s biggest property company outside China, Emaar Properties, appears to now be allowing clients to purchase properties using Bitcoin and Ethereum.
The Burj Jumeira will soar 550 meters in the air, “inspired by the harmonious ripples of the UAE’s desert sand dunes and its flowing oases.”
There was a rush to complete property sales in Dubai in the last 10 days of 2018 but experts are predicting that both prices and rents are set to keep falling in 2019.