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  • Sajid Hassan updated a blog post
    Dubai has the largest number of rooms under construction in the Middle East and Africa region, even as room rates come under pressure.The emirate reported the largest number of rooms under construction with 14,385 rooms across 49 hotels at the end of last month, according to the consultancy STR Global. That represents 18 per cent of the total number of rooms under various stages of construction in the region.
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  • Dubai has the largest number of rooms under construction in the Middle East and Africa region, even as room rates come under pressure.The emirate reported the largest number of rooms under construction with 14,385 rooms across 49 hotels at the end of last month, according to the consultancy STR Global. That represents 18 per cent of the total number of rooms under various stages of construction in the region.
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  • I have been living and renting in Dubai for almost five years and am thinking about buying my own apartment this year. My preference and budget is for an area such as IMPZ, Remraam, JLT and so on. Given the oil price crash and the stabilisation of Dubai’s real estate market in the fourth quarter of last year, do you think buying one would be a good decision at the moment? Should I wait until the second half of the year, especially as I don’t mind renewing my tenancy contract, which is due on March 31? WS, DubaiBuying property for investment purposes is a gamble as the timing has to be perfect. No one wants to buy at the top of a market, for example. If, however, you are buying the apartment to live in then going ahead on this decision is determined by your affordability on current prices etc. If you are able to wait a while then this is also OK as I believe the market will potentially soften further. But don’t leave it too long, as I believe the market will return to positive territory probably after the end of the second quarter.
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  • Sajid Hassan updated his profile picture
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