Foreclosures were the theme of the day, following
Bloomberg News
reporter
Zainab Fattah
's
story yesterday about Barclays successfully repossessing properties from people who fled the country
.
Jesse Downs
, director of research at
Landmark Advisory
, told the
Khaleej Times
the foreclosures were "
a significant event in the latest market cycle
". The foreclosures will
increase confidence among lenders
, analysts told
Emirates Business 24/7
.
Dubai rents stabilised in November and December, showing the market is "reaching equilibrium", according to a research note this morning from
Majed Azzam
from
HC Securities
. Transactions volumes were "robust" at 1,821 units per month, compared to 1,300 units per month last year. Here is the full report:
A week after the opening of the
Burj Khalifa
, a symbol of architectural exuberance, Angela Giuffrida writes in The National that
Say goodbye to buildings shaped like chess pieces.
