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Upscale apartments at Dubai Marina and on the Palm are on average lower by 3 per cent and 2.5 per cent through the first nine months of the year compared
Increased supply of apartments and villas in Dubai during 2015 could result in a softening of sales prices and rents, according to a new report by Asteco.
The Dubai property market is regularly found to be one of the highest performing real estates in the world. Residential assets in the emirate have undergone a staggering price rise over the past few years, with investors regularly seeing capital growth of around 20% per annum.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the UAE and Ruler of Dubai, examined the plans for Empower's new district cooling plant in Business Bay during his tour of DEWA's 15th annual Water, Energy, Technology, and Environment Exhibition (WETEX).