Analysts are not calling it a full-on recovery, but there have been some "positive signs" in the market that the nine-month streak of price declines could be subsiding.
Deutsche Bank
said yesterday prices rose by about 6.5 per cent to Dh1,285 a square foot in 13 major locations around Dubai
, compared to the month earlier. There were also an increasing number of transactions as people moved out on their own after living with flat mates and families looked to upgrade to better neighborhoods or bigger homes.
The plan for Dubai to be the home of at least three of the world's first rotating skyscrapers
is up in the air
, The National reports. None of the developers has broken ground yet. However,
Dubai Property Ring
with their
55 Time Dubai
building (the entire thing rotates 50 cm an hour)
appears to be in the lead
. They have land and they have hired a contractor.
Prices in Dubai have many inputs, but one of the most important is population growth (or decline). The less people there are, the harder it is to mop up the 1,000s of units coming onto the market. Asa Fitch, a fellow blogger from
In The Black
, today
writes a solemn plea for real population figures from the Government
. Since 2005, there has not been a major update to the census. There has been a lot of chatter about an exodus of people this summer, now that the school season is over, but so far there has only been anecdotal evidence from moving companies.
Al Mazaya Holding
is reconsidering its takeover of First Dubai Real Estate Development
, Emirates Business 24/7 reports. The company says that Al Shall Consulting Company advised them not to go ahead with the acquisition of the final stake (it already owns 67 per cent of the company) because "the time is not right".
More news after the jump ...
The planned merger between
Emaar Properties
and the property companies of
Dubai Holding
is l
ikely the first of a "wave of mergers"
, Isaac John reports in the Khaleej Times. Meanwhile, Standard & Poor's
revised the CreditWatch implications for Emaar to "developing" from "negative"
after the announcement of the merger talks.
The
Ras al Khaimah Investment Authority
said
that five developers have registered with the RAKIA RERA property regulator
, including
Select Group
,
Manazil Real Estate
,
Pure Real Estate
,
Stallion Properties
, and
e-myproperty
.
Standard Chartered
is offering mortgages to buyers of homes in Executive Towers in Business Bay
.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
Results
6.30pm Madjani Stakes Rated Conditions (PA) I Dh160,000 I 1,900m I Winner: Mawahib, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)
7.05pm Maiden Dh150,000 I 1,400m I Winner One Season, Antonio Fresu, Satish Seemar
7.40pm: Maiden Dh150,000 I 2,000m I Winner Street Of Dreams, Pat Dobbs, Doug Watson
8.15pm Dubai Creek Listed I Dh250,000 I 1,600m I Winner Heavy Metal, Royston Ffrench, Salem bin Ghadayer
8.50pm The Entisar Listed I Dh250,000 I 2,000m I Winner Etijaah, Dane O’Neill, Doug Watson
9.25pm The Garhoud Listed I Dh250,000 I 1,200m I Winner Muarrab, Dane O’Neill, Ali Rashid Al Raihe
10pm Handicap I Dh160,000 I 1,600m I Winner Sea Skimmer, Patrick Cosgrave, Helal Al Alawi
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
Book%20Details
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Kandahar%20
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UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net