Dubai Developers’ Slip From Stars to Duds Deepens in Homes Glut

(Bloomberg) — Dubai real estate stocks were once the stars for investors betting on the city’s booming economy. But their fall from grace has been spectacular and seems set to continue, given an abundance of unsold homes and scant prospects for a recovery in the oil-rich region.

Shares in Emaar Properties PJSC, an industry bellwether and the developer of Burj Khalifa, the world’s tallest tower, have dropped almost 80% from their 2014 peak, when average real estate prices in the emirate were about 30% higher. Competitor Damac Properties Dubai Co. has posted a similar slump since a 2017 high. Smaller player Union Properties PJSC, which is in talks to restructure debt, trades at a 90% discount from its 2005 levels.



graphical user interface, chart, histogram: Burj Khalifa developer Emaar Properties has declined for 15 years


© Bloomberg
Burj Khalifa developer Emaar Properties has declined for 15 years

Not even a majority of buy recommendations from analysts, thanks to cheap valuations and expectations of government support,

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Reese Witherspoon, Pink, and More Stars Convert Their Homes Into Classrooms

The shift to remote learning poses new challenges for parents everywhere. In addition to keeping a squirmy seven-year-old’s attention or learning math again, creating a school in one’s home is now part of the to-do list. Transforming a living space into an effective learning space is a feat in redesigning and repurposing. But based on what they’ve shared on Instagram, famous parents like Busy Philipps, Neil Patrick Harris, and more have managed to set their kids up for success. So if you haven’t quite nailed the home school aesthetic, read on for some inspiration.

Melissa Joan Hart

Sometimes the best way to create a hybrid space is to add one key piece of furniture. The Melissa & Joey star set up her son at an antique-style school desk, and he appears to be in the zone as he works on his numerical penmanship.

Busy Philipps

The podcast host went the

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