Dubai’s biggest landlord warns developers of “tough period ahead. Dubai property prices, rents forecast to soften further in 2016. Dubai villa oversupply leads to 18% drop in prices at The Springs. Saudi Arabia’s economy set to grow at slowest rate since 2002. s It said to cut advance payments to firms for state contracts. Its…
Developing countries face ‘new reality’ of lower growth, says IMF. VAT to be introduced in UAE in 2018 @ 3-5%: Official. Commodities are the most prone to squeezes in both directions. Rents drop up to 11% in Dubai in 2016, says RERA. Dubai households expect rent rise on renewal. UAE homes supply slows dramatically as…
Global growth will be disappointing in 2016: IMF chief. Most Gulf economies to see slowdown in 2016, says Fitch. GCC likely to see projects scaled back, delayed as cheap oil bites. GCC ‘real’ pay rises to dip below global average in 2015. Arab sovereign wealth fund exodus just beginning. Middle…
