Experts say that this year in Dubai is expected to build the largest number of new homes in more than a decade. This will increase pressure on the once-thriving but currently struggling real estate sector, which is already weakened by oversupply. The Middle East financial center, where the private sector contracted in January for the...
The Russian robotic construction company Apis Cor, based in Irkutsk, used its technology to build the world’s largest 3D printing building, a two-story office in Dubai. Apis Cor has built a building for the Dubai Municipality with a height of 9.5 meters and an area of 640 square meters. The company claims it to be...
After petrodollars poured into the United Arab Emirates by a turbulent river, which allowed the country to become one of the richest ones in the world in a few years, officials as well as ordinary locals, had an irresistible craving for luxury. In the UAE there must be all the best, the most beautiful and...
Authorities of the UAE (United Arab Emirates) made a grand step towards the foreigners. It was concluded to permit to obtain visas for staying in the country for a much longer period after retirement. This pleasant news was announced by Emir of Dubai Mohammed ibn Rashid al-Maktoum, the Vice-President and Prime Minister of the...
According to the forecast of consulting agency Knight Frank, in 2018 the real estate market in Dubai is expected to grow steadily. Analysts of the company believe that a significant amount of investment aimed at the economic growth of the emirate on the eve of Expo 2020, provoke an increase in demand. “Forecast for 2018”...
Developers will be tempted to reduce the size of apartments to make their price tag more affordable in 2018 as finding value for money remains a priority for buyers, according to a high-profile brokerage firm. Mario Volpi, chief sales officer of Kensington Properties, said this trend has already started in locations such as Dubai South,...
Dubai is famous for being the mecca of luxury real estate in the Middle East. It was the first market to sell a new development property in Bitcoin. The Aston Plaza and Residences in Dubai Science Park is the development that made headlines for accepting payment in Bitcoin. The project isn’t even completed yet. Lord knows...