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Top related persons:
Betterhomes - 2 Putin - 1 Knight Frank - 1 Nasser Al Shaikh - 1 GREs - 1 Shaikh - 1 Justin Alexander - 1 Richard Waind - 1
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UAE Gulf Ukraine Dubai Wall Silicon Russia Poland
Top related orgs:
United Arab Emirates - 2 Traders - 1 Service - 1 UAE - 1 Wall - 1 Yale - 1 Khalij - 1 GlobalSource Partners - 1

Search resuls for: "Betterhomes"


3 mentions found


☆ Russia's economic woes have brought a flood of cash and sparked a real estate boom in the UAE
  + stars: | 2023-08-21 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
Traders in the Gulf state have ramped up business in Russian oil and gold markets, the WSJ reported. Conversely, Russians are flocking to the UAE, bringing their wealth to its economy and sparking a real estate boom. That's as sanctions and trade restrictions have weighed heavily on Russia's economy, cutting it off from billions of its foreign reserves and crimping its energy trade. Russians were the third-largest group of real estate buyers in Dubai over the last quarter, the real estate firm Betterhomes told the Journal, up from the ninth-largest group in 2021. Russia's economy meanwhile is in a state of turmoil.
Persons: Betterhomes, Putin Organizations: Traders, Service, United Arab Emirates, UAE, Wall, Yale Locations: UAE, Gulf, Wall, Silicon, Russia, Ukraine, Dubai, Poland
☆ Dubai chases long-term growth as property booms, seeks to blunt debt risk
  + stars: | 2023-06-19 | by ( Rachna Uppal Yousef Saba | Rachna Uppal | Yousef Saba | ) www.reuters.com   time to read: +7 min
At the same time, the property price surge and demand for the ultra-high-end segment is stirring memories of old excesses. In 2008, the global financial crisis hit Dubai hard, leading to a flight of capital and people, a crash in property prices and highly leveraged flagship companies known as government-related entities (GREs) struggling to repay debts. Dubai set up a Debt Management Office in 2022, has repaid or restructured some outstanding debt, and announced plans to list government stakes in 10 companies to raise capital and deepen financial markets. 'GLOBAL SAFE HAVEN'The United Arab Emirates' commercial centre, Dubai has shovelled resources into social and business reforms and sectors like digital technology. Average property prices rose 12.8% in Q1, with villa prices up almost 15%, according to property research firm CBRE.
Persons: Knight Frank, Nasser Al Shaikh, GREs, Shaikh, Justin Alexander, Betterhomes, Richard Waind, Philippe Zuber, Beyonce, Rachna Uppal, Yousef Saba, Lisa Barrington, William Maclean Organizations: Reuters, Khalij, GlobalSource Partners, Dubai Media Office, Management, HAVEN, United Arab Emirates, Villa, Dubai Inc, Emirates, Kerzner, Thomson Locations: Ukraine, DUBAI, Dubai, glitzy, Property, Jebel Ali, Abu Dhabi, Gulf, India, Saudi Arabia, UAE
☆ Dubai property price rises may slow further in 2023, real-estate consultancy says
  + stars: | 2023-01-15 | by ( Yousef Saba | ) www.reuters.com   time to read: +2 min
Dubai's property sector surged in 2020 as it opened up again during the pandemic before most major cities and as rich buyers snapped up luxury units, boosting a sector that had been sluggish since the 2014-15 oil price crash. Buyers from Pakistan were sixth, Lebanon seventh, China eighth, the United States and Canada ninth and Kyrgyzstan 10th, Betterhomes said in a report. Among residents of Dubai, Indians were the top buyers, followed by Britons, Russians, Italians and Canadians. Concerns of oversupply have long plagued the sector which saw a property bubble burst in 2009-2010, causing prices to plunge by more than half. Waind expects 30,000-35,000 new units in 2023, which he viewed as "a lack of supply in this market with population growth".
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