Front-liners gain further momentum in strong Dubai markets

Buying in front-line stocks boosted the Dubai index, which extended gains for another session on Thursday even as traders continue to ignore small stocks. The Dubai Financial Market General Index closed 0.39 per cent higher at 3,675.12, after gaining nearly half a per cent in the previous session. Traders bought stocks like Dubai Islamic Bank, […]

Dubai Property Market Update -June 2017

Dubai Property Market Update. Since 8th April 2017 to 14th June 2017, the Dubai Land Department has transferred 15.08 billion Dirhams worth of property, which was accumulated from 6,799 sales across Dubai. Dubai Marina – Excl The Address, Original Six, Le Reve, TFG, Cayan Tower, Marina Promenade, Silverene 375 transactions – average AED1,214 per sq […]

Property buyers go value picking in Dubai

Property buyers go value picking in Dubai Some developers hope to cash in by lining up Ramadan promotions. The volume of transactions in the first five months of the year has been higher than the same period last year, with Dubai Land Department data indicating more than 11,000 residential transactions from January to May compared […]

Dubai a second-home hub for multi-millionaires

High net worth individuals mostly buy second homes in the Palm Jumeirah, Emirates Hills and Downtown Dubai. Dubai ranks among the top five second home hotspots for the world’s multi-millionaires, according to New World Wealth, a wealth research firm. The number of multi-millionaires in Dubai stood at 8,600 last year compared to 8,400 in 2015. […]