Real estate News

Dubai: Property Prices and Rents Increase

According to the renowned property company Asteco, demand for property in popular locations in Dubai is increasing and therefore pushing up prices greatly.
The biggest selling price rises in the first quarter were for apartment owners specifically, whose properties jumped 12% in value while villa prices stayed

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EGP 51 Billion Increase in Wages, Pensions in New Budget

The Ministry of Finance revealed indications of the new draft general budget of the State for the financial year 2013/2014. This is expected to be discussed further by the Shura Council within the next few weeks. It was also revealed that the total public spending in the new budget has reached almost EGP 700 billion, and the total revenues reached almost EGP 500 billion, with a deficit of EGP 200 billion.

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