Dubai Travel Times.Com
  HOME         Contact Us         Hire Us         Domestic Airlines       Railway Enquiry       Railway Booking       Hotels Abroad      
SPOT News:   Philippines cancels flights as cyclone drags haze from Indonesian fires

Property prices fall in Dubai

The housing market in Dubai has shown a steady decline in prices over the last one year. The prices in the emirate fell by 6.1 per cent over a 12-month period, 3.7 per cent lower in the first quarter of 2015 than the previous quarter. However, the hospitality market in Dubai registered good performance.

The housing market in Dubai has crashed over the last one year. It has been found in surveys as the worst performing in the global housing market segment, especially in the first quarter of 2015.

The prices in the emirate fell by 6.1 per cent over a 12-month period, 3.7 per cent lower in the first quarter than the previous quarter.

However, in Q1 2015 the hospitality market in Dubai registered good performance.

The Knight Frank’s Global House Prices Index has placed the city 53rd out of 56 locations monitored. It is ranked lower than Greece but higher than China, Cyprus and Ukraine.

Ukraine, Cyprus and China took the bottom rankings, prices falling by 15.5%, 8.2% and 6.4%, respectively. The conflicts in Ukraine contributed to the steep fall there. House prices dropped by 15.5 per cent in the last one year.

Australia and Latin America were reported the top gainers with a rise of 8.2 per cent and 5.1 per cent, respectively.

Overall, the global house price index recorded its weakest annual growth for three years, rising by just 0.3%.

- Credit: Phidar Research & Knightfrank indices
June 18, 2015


Previous Files
Custom Search

Visit Indian Travel Sites

Goa,  Kerala,  Tamil Nadu,   Andhra Pradesh,  Delhi,  Rajasthan,  Uttar Pradesh,  Himachal Pradesh,   Assam,  Sikkim, Karnataka,  Madhya Pradesh,  Jammu & Kashmir  Gujarat  Puducherry

Govt Tourist Offices within India and Abroad

Neighbours
Calling


From the Web
DUBAI: Dubai will have 400 more air-conditioned and non-air-conditioned bus shelters in the next two years. The Roads and Transport Authority (RTA) has awarded the contract for the project to Right Angle Media. There will be wi-fi facility also. The project will be operated by Right Angle Media, a company that also operates the existing bus shelters. To be operated on the public-private- partnership model, the project will bring the total number of bus shelters in Dubai to 1,295.
ABU DHABI: Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has said that the UAE is a favourite destination and a perfect environment for entrepreneurs and innovators from across the world. "We have great expectations from entrepreneurs because we believe in their unlimited innovative ideas," Sheikh Mohammed said as he received a delegation from the United Nation's Global Entrepreneurs Council. The Council has selected Ohood Al Roumi, Director-General of the Prime Minister Office of the UAE, as its first Arab member. He said, "We have great confidence in the young generation."
DUBAI: Women of New Dubai are feeling unsafe as unidentified men are stalking them, according to complaints to the police. According to Gulf News, residents of Jumeirah Village Circle (JVC) have raised concerns on social media about the stalkers, claiming they have been followed them while walking their dogs or running errands. It has also been brought to public that the stalkers follow women by driving slowly behind them in their tinted SUVs.
ABU DHABI: The ISAF Sailing World Cup is being organised in Abu Dhabi for the championship’s final. Ten Olympic sailing categories will compete with an open kiteboarding event joining the programme. Held from October 27 to November 1, 2015 the event begins at 11.30 am, at Breakwater, between the Corniche and Lulu Island, Abu Dhabi. Watch the racing is free. The base for the fleet is at the Abu Dhabi Sailing and Yacht Club opposite Marina Mall. It’s a great place to watch the regatta from as you’ll be in the thick of the action. You can also watch the regatta from anywhere along the Corniche.
ABU DHABI: The fatwa issued by the Islamic affairs authority cited a number of Hadith about fasting on Ashura day. The day of Ashura (Muharram 10) will be observed on Saturday (October 24) as the new Hijri year, Muharram 1, 1437, began on Thursday (October 15), according to an edict issued here on Thursday by the Centre of Fatwa of the General Authority for Islamic Affairs and Awqaf. The fatwa issued by the Islamic affairs authority cited a number of Hadith about fasting on Ashura day. "Fasting on the Ashura day is atonement for sins," said the dictum.
All About Dubai & Destinations



| Travel Shopping |


TODAY'S CHOICE:        Mobiles and Tablets
Home       Contact Us
NOTE: Free contributions of articles and reports may be sent to indiatraveltimes@yahoo.com
DISCLAIMER
All Rights Reserved © www.indiatraveltimes.com