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	<title>real estate sector Archives - International Finance</title>
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		<title>Dubai&#8217;s real estate dipped 10% last year; downturn to continue until 2020</title>
		<link>https://internationalfinance.com/real-estate/dubais-real-estate-dipped-10-last-year-downturn-to-continue-until-2020/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=dubais-real-estate-dipped-10-last-year-downturn-to-continue-until-2020</link>
					<comments>https://internationalfinance.com/real-estate/dubais-real-estate-dipped-10-last-year-downturn-to-continue-until-2020/#respond</comments>
		
		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Fri, 31 Aug 2018 06:20:03 +0000</pubDate>
				<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Chinese investors]]></category>
		<category><![CDATA[Dubai Land Department]]></category>
		<category><![CDATA[Dubai real estate]]></category>
		<category><![CDATA[Emirates]]></category>
		<category><![CDATA[mortgage payments]]></category>
		<category><![CDATA[real estate sector]]></category>
		<category><![CDATA[Shanghai]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=20762</guid>

					<description><![CDATA[<p>Dubai Land Department said the value of real estate transactions in the first half of 2018 was $30.2bn—reflecting a decline of 16% in deals and 22% in overall number</p>
<p>The post <a href="https://internationalfinance.com/real-estate/dubais-real-estate-dipped-10-last-year-downturn-to-continue-until-2020/">Dubai&#8217;s real estate dipped 10% last year; downturn to continue until 2020</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Dubai Land Department hosted a real estate exhibition in Shanghai as part of showcasing the sector on a global platform. According to <em>Arab News </em>reports, the real estate sector in the emirates is struggling due to rising interest rates, which makes mortgage payments expensive.</p>
<p>Majida Ali Rashid, assistant director-general at the Dubai Land Department, said: “Our real estate market is receiving heightened interest from Chinese investors, with Dubai becoming a favorite property destination.” There will be more shows planned end of this year and the next in Mumbai, Moscow and London.</p>
<p>Chinese have shown significant interest in Dubai real estate despite warnings about the country&#8217;s booming domestic property market in some cities. Bloomberg data reports that prices of new-homes in China has increased quickly in July, climbing 1.2% from the previous month.</p>
<p>The post <a href="https://internationalfinance.com/real-estate/dubais-real-estate-dipped-10-last-year-downturn-to-continue-until-2020/">Dubai&#8217;s real estate dipped 10% last year; downturn to continue until 2020</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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