When new communities are built, the underlying non-quantitative verve that drives the process is the hipster’s quest for cool. From the newer phases of Arabian Ranches to Mudon and Al Furjan, Dubailand and even parts of Karama and Deira, once ignored areas seem to promise
What happens in Dubai to the art of building is bound up with what happens to the city as a place to live and work in if it ceases to be a place in which people can exist in reasonable contentment, it will be unprofitable
The word ‘gentrification’ was coined by British sociologist Ruth Glass in 1964. In her book ‘London: Aspects of Change’, she described the upheaval in certain neighborhoods by the middle-class “gentry” from the countryside. “One by one, many of the working class quarters have been invaded
Analysts dwelling on the “oversupply” narrative seem to have all but disappeared in a matter of months. This has been replaced by exuberant prophecies of booming markets, well after the tide had already turned. This brings into mind the humorous quote of a political leader
Now is the right time to get delayed projects in Dubai back firmly on track Marina 101 and others of its kind probably need only optimum funding to complete Speculation that the skyscraper Marina 101 was about to restart construct under the auspices of RERA
Adam Smith is universally accepted as a the founder of the free market paradigm, and everyone since has presupposed his free market ideals in their arguments. However, in his magnum opus, Smith strongly stipulated that capital must be reinvested in productive jobs, or else it
Dubai property owners need a permanent solution on service charges. But a solution remains elusive despite best of intentions from all sides It was at the time of the Industrial Revolution that the idea of professionalism appeared, in that the contribution it made to society
What is it about the nature of distressed projects – and specifically the disputes that arise as a result – that inflames the animal spirits and the resultant balkanization of all stakeholders? Even as property prices having risen, attention to the stalled project phenomena has
Investors operate under a fog of uncertainty, allocating capital under Keynes’ “dark forces” of time and ignorance. They expect valuations to rise for businesses that have a future, accounting for macro and microeconomic factors, as well as current and future government policy shifts. Periods of
Spring is the air – the revival of real estate asset prices in Dubai has reinvigorated the investment cycle on the one hand, leading to a flurry of off plan launches. It stunned the sceptics on the other hand, who are talking about misplaced optimism
