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In September Dubai villas and apartments were still selling for record prices, by October the market fell sharply, according to figures from HSBC. Dubai villa prices were down 19 per cent month-on-month, and apartments in the Dubai ...
UAE INTERACT is the official web site of the United Arab Emirates National Media Council. It is updated daily with news and information on the United Arab Emirates (UAE), also known as The Emirates (Abu Dhabi, Dubai, Sharjah, Ajman, ...
Developers in Dubai have cut jobs and reviewed projects as they brace for a slowdown in demand across the region and as access to credit dries up. The price of villas in Dubai tumbled 19 per cent in October from September, HSBC Holdings ...
“In Dubai, which is the single biggest market in the UAE, the fall in the gold price coincided with the ’Dubai Summer Surprise,” said Lama al Saheb, the WGC’s head of marketing and public relations in the Middle East. ...
”Buyers who pulled back in Q2 due to concerns over the high gold price returned to the market. The Dubai Gold and Jewellery Group announced record sales during the DSS festival. The Onam celebrations were also held during the quarter. ...
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Next year is going to be a particular shock for the ‘heads in sand’ people of the ‘UAE property prices will never fall’, state-of-denial school. However, the real debate among media professionals is how long and how deep the cut backs ...
DUBAI // Gold sales in the UAE saw a 56 per cent increase in the third quarter as significantly lower gold prices sparked a rush for bullion and gold jewellery. The latest quarterly figures released today by the World Gold Council (WGC) ...
IDEX Online Research compared polished diamond price performance over the past year to other jewelry commodities – gold, silver, platinum – and the U.S. stock market as measured by the S&P 500, a broad market indicator. ...