The online charity auction showcased a collection of 555 license plates for regular vehicles in Abu Dhabi
REIDIN.com which tracks real estate deals and transactions in the GCC said that Dubai is still the leading player in the regional property market with investments from across the GCC into the emirate already crossing Dh5 billion in 2008.
It said Dubai accounted for 5.8 per cent of worldwide land sales and was the fourth highest in global land sales rankings last year.
The biggest GCC investment into Dubai came from Saudi Arabia which pumped over Dh2 billion, followed by Kuwait with Dh1 billion. Oman, a distant third invested Dh818 million; Bahrain put in Dh615 million while Qatar invested Dh117 million.
REIDIN.com said there remains a strong interest in the Dubai property sector despite a projected easing of the UAE economy to 1.5 per cent this year.
“The real estate market is facing unique challenges with issues on liquidity and investor confidence posing threats,” said Ahmet Kayhan, CEO of REIDIN.com.
“However, based on the trends, we are positive that the Dubai property market will still be the busiest, as transactions and investments will remain comparatively high.”
Kayhan said that despite the grim outlook on the UAE economy, “continuous activity” in Dubai’s real estate sector can still be expected due to government’s efforts to soften the impact of the financial crisis by
providing liquidity.
REIDIN.com is offering a comprehensive collection of data on real estate deals through its product ‘DUBAIFocus.’
business@khaleejtimes.com
The online charity auction showcased a collection of 555 license plates for regular vehicles in Abu Dhabi
Fashion enthusiasts can check out the collection at a 2-day pop-up event
Since 2019, London has banned ads for foods that are high in fat, sugar and salt from the city’s subway trains and stations, buses and bus shelters
Fifteen per cent of teachers working with pupils aged 11-18 experienced sexual harassment from a pupil while at school, reveals poll
The campaign aims to elevate the well-being of the entire community by promoting a healthy lifestyle while also instilling a culture of giving
Why Emiratis don white kandouras? Why Arabic coffee is served in small, half-filled cups? All such questions answered at a wind-tower house gathering
Are you thinking of taking a few days off from your work and flying off to Malaysia with your friends and family?