Morning round-up: Home prices tilt up in June


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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

, 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

, 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)

. 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

, today

. 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

, 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

, Isaac John reports in the Khaleej Times. Meanwhile, Standard & Poor's

after the announcement of the merger talks.

The

Ras al Khaimah Investment Authority

said

, including

Select Group

,

Manazil Real Estate

,

Pure Real Estate

,

Stallion Properties

, and

e-myproperty

.

Standard Chartered

.

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Results

6.30pm Madjani Stakes Rated Conditions (PA) I Dh160,000 1,900m I Winner: Mawahib, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)

7.05pm Maiden Dh150,000 1,400m I Winner One Season, Antonio Fresu, Satish Seemar

7.40pm: Maiden Dh150,000 2,000m I Winner Street Of Dreams, Pat Dobbs, Doug Watson

8.15pm Dubai Creek Listed Dh250,000 1,600m I Winner Heavy Metal, Royston Ffrench, Salem bin Ghadayer

8.50pm The Entisar Listed Dh250,000 2,000m I Winner Etijaah, Dane O’Neill, Doug Watson

9.25pm The Garhoud Listed Dh250,000 1,200m Winner Muarrab, Dane O’Neill, Ali Rashid Al Raihe

10pm Handicap Dh160,000 1,600m 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

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Book%20Details
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UAE currency: the story behind the money in your pockets
Key facilities
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