March 2024

How Dubai Metro ‘effect’ shows up on rents in popular residential locations

Apartments located nearest to the metro station in JLT and Al Furjan are now commanding a premium of up to 30%. Renting an apartment near a Dubai Metro station in JLT or the emerging residential hub of Al Furjan will likely require paying up to 30 percent or more compared to units slightly farther away. In Dubai's increasingly competitive property market, the Dubai Metro's presence is significantly...

Dubai property price growth to ‘cool’ for apartments but spike for luxury villas and townhouses this year

The projected moderation in price growth this year is attributed to the increasing supply of housing units and the development of new neighborhoods in Dubai. Industry insiders informed Arabian Business that residential real estate prices in Dubai are anticipated to experience a slowdown in growth compared to last year, attributed to increasing supply and various global economic factors. The cooling...

UAE among most ‘credible and solid’ international wealth hubs, says HSBC boss

According to HSBC's global wealth chief Nuno Matos, the UAE is emerging as a prominent wealth management center. However, certain entrepreneurs express concerns that their families may lack the requisite skills, drive, and dedication to successfully inherit their businesses. In an exclusive interview with Arabian Business, Nuno Matos, CEO of Wealth and Personal Banking at HSBC, emphasized the UAE's...

Expo City announces new luxury serviced apartments

The upcoming Expo City Dubai development will include 150 apartments, comprising 1 and 2 bedrooms, complete with kitchens and balconies. Expo City Dubai has revealed intentions for broadening its hospitality amenities with a forthcoming Cheval Collection serviced apartment project. Scheduled for a 2025 debut, Cheval Maison – Expo City Dubai will transform the former Leadership Pavilion building...

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