Latest Real Estate News in UAE

Qatar land price surge threatens property profitability

May 31 ,2015, city : Dubai

Land accounts for about half the value of real estate sales in Qatar, 10 times that of developed markets, as prices surge to levels that may make even high-margin luxury developments unprofitable to build, experts say.

Qatar allows foreign freehold property ownership in specific zones, although the real estate sector remain... more

Dubai property index turns negative for first time in four years

May 31 ,2015, city : Dubai

Dubai property prices fell in April as a property index in the emirate turned negative for the first time in four years

The residential prices index started declining from the second quarter of last year – in line with the fall in oil and gold prices, according to Reidin, a property information company.

... more

First MBR City villa handovers set for mid-2016, says developer

May 30 ,2015, city : Dubai

Construction on Meydan Sobha's Mohammed Bin Rashid Al Maktoum City - District One project remains on target, with phase 1 villas scheduled for a mid-2016 handover, the developer hasannounced.

With phase 1 villas being fully sold and phase 2 villas nearly sold out, the company said in a statement that it is focused on de... more

UAE's Tasweek eyes smart city investments in India

May 30 ,2015, city : Dubai

UAE-based real estate company Tasweek has announced that it is exploring investment opportunities in "smart city" projects in India in collaboration with local partner MAMS Holdings Group.

Tasweek Real Estate Development and Marketing said in a statement that it has held talks with Akhilesh Yadav, chief minister o... more

Luxury Emirates Hills villa makes a splash at Dh27.5m

May 28 ,2015, city : Dubai

A luxury villa with a swimming pool fit for a summer party set in Dubai’s leafy Emirates Hills neighbourhood can only come at a premium.

And at Dh27.5 million – the six-bedroom mansion, which hit the market two weeks ago – lives up to that expectation.

The Dubai-based broker Ocean View Real ... more

New tower unveiled in Dubai’s Business Bay

May 27 ,2015, city : Dubai

Developers Arabian Gulf Properties and Time Properties have completed a new residential scheme in Business Bay, close to the Dubai Water Canal under construction.

The 23-storey AG Tower will comprise 437 apartments aimed at business professionals, said real estate agent Fortune 5.

It added that Business Bay i... more

Dubai World Trade Centre free zone expected to draw keen interest from investors abroad

May 27 ,2015, city : Dubai

The establishment of the Dubai World Trade Centre (DWTC) as a free zone could draw interest from international investors looking to plough money into a prime property location in the emirate, analysts said. Last week’s decree to transform the exhibition area into a free zone will help to revive international interest in a property m... more

Can Dubai landlord keep full deposit to carry out minor repairs?

May 27 ,2015, city : Dubai

I have a small issue with our commercial landlord. We rent a small apartment for our crew in International City, England cluster, and have recently moved out after 12 months occupancy. We repainted the flat, fixed cupboard doors and gave the place a good clean so that there was no excuse from the landlord not to return the Dh3,000 deposit... more

Pakistani tax officials request details of those investing in Dubai property

May 26 ,2015, city : Dubai

DUBAI // Pakistani revenue officials have asked UAE authorities to share details of Pakistanis who have invested in Dubai’s real estate market.

According to a senior official from the federal board of revenue of Pakistan (FBR), who asked not to be named, Pakistani authorities are keen to follow up on the investors&rsq... more

Emaar set to launch new Downtown Dubai residential project

May 25 ,2015, city : Dubai

Emaar will launch its latest project this weekend, a two-tower residential development located in Downtown Dubai.

Designed by Japanese architects Nikken Sekkei, ‘Forte’ is a 70 and 50 storey residential development with 1 to 4 bedroom apartments located in new The Opera District of Dubai.

The six ... more

Arabtec shares recover on reports of Egyptian housing project approval

May 25 ,2015, city : Dubai

Arabtec stock yesterday rallied after media reports that its Egyptian housing project was approved.

The shares at one point were trading at Dh2.42 on the Dubai Financial Market before closing at Dh2.38.

That was a 2.1 per cent gain from Sunday, when it reached the lowest in more than a month.

T... more

New Dubai Wharf homes set for sales launch

May 24 ,2015, city : Dubai

Dubai Properties on Sunday unveiled a new residential tower at Dubai Wharf, a multi-million dirham mixed-use project in the heart of Dubai Creek.

The launch of the new tower comes as major infrastructure works around the master development is almost completed.

The tower is part of Dubai Wharf’s four-tow... more

Emaar's Alabbar says 'right time' to invest in Jordan

May 24 ,2015, city : Dubai

Emaar chairman Mohamed Alabbar has announced that it is the "right time" to invest in Jordan despite the current turmoil in neighbouring territories.

Addressing the World Economic Forum in Jordan, Alabbar said the country’s economy is growing despite “chaos” in the surrounding region.

more

Arabtec shares sink on report of Egypt housing project cancellation

May 24 ,2015, city : Dubai

Arabtec shares yesterday fell to their lowest level since early last month after an Egyptian newspaper said its high-profile housing project in the country had been cancelled.

The Egyptian daily Al Mal reported on Saturday that the Dubai-based contractor’s US$40 billion agreement with the Egyptian army to build 1 mill... more

Legoland and Bollywood theme parks to spark new developments when Dubai project opens

May 23 ,2015, city : Dubai

Dubai’s new theme parks will encourage the development of more hotels and retail outlets in the Jebel Ali area after their scheduled opening in October next year, the project’s operator said.

Vinit Shah, Dubai Parks and Resorts’ chief destination management officer, drew a comparison with Orlando, Florida.... more

Dubai's affordable homes move 'long overdue' - Cluttons

May 23 ,2015, city : Dubai

A proposal by Dubai Municipality to force developers to meet affordable housing quotas in the emirate is "long overdue" and will bring benefits to the property market, according to Cluttons.

The real estate consultant said in its latest market outlook report for Dubai that the mandatory affordable homes quotas wil... more

Al Barari unveils new luxury apartments at Dubai project

May 22 ,2015, city : Dubai

Luxury developer Al Barari has unveiled its latest project, Ashjar 2 at Al Barari, a collection of 84 exclusive residences in Dubai.

An extension of Ashjar, which launched last year, Ashjar 2 will feature one to three bedroom apartments ranging from 1,376 sq ft to 4,076 sq ft, with penthouse options also available.
<... more

Better Iran relations 'could transform Dubai office market'

May 22 ,2015, city : Dubai

The first quarter of 2015 has seen office rents stabilise across Dubai's prime and secondary markets, following a slowdown in the rate of rent increases during Q4 2014, Cluttons has said in a new report.

The real estate consultants also said the emirate's industrial market has retained its momentum during the first ... more

Dh75m Palm Jumeirah villa has to be seen to be believed

May 21 ,2015, city : Dubai

Beauty is in the eye of the beholder, so they say, but on Dubai’s Palm Jumeirah some beauty is more obvious than others.

This villa has left nothing to chance when it comes to offering the best view, finish, setting or design.

But for Dh75 million what else would you expect?

The owners ha... more

UAE expats look to UK for buy-to-let deals

May 20 ,2015, city : Dubai

British expats in the UAE are taking advantage of rising rents in the UK to snap up buy-to-let properties, experts report.

Rental prices of buy-to-let properties in the UK have surged in the last quarter, not just in London but across most of the country, according to new research.

Property management agency ... more

New regulations cool Dubai property market as Q1 prices slip

May 20 ,2015, city : Dubai

Real estate regulatory changes including the UAE-wide mortgage cap and Dubai's doubling of registration fees last year, have contained a market that was in danger of overheating, Cluttons said in a report on Wednesday.

Cluttons Spring 2015 Dubai Residential Market Outlook report highlighted a dramatic reduction in trans... more

Dubai’s Emaar announces intention to float Egypt unit on Cairo bourse

May 20 ,2015, city : Dubai

Emaar Properties plans to float its Egyptian unit on Cairo’s stock market by the second half of June to fund property development and increase its land bank in the country.

The initial public offering of Emaar Misr will include the sale of up to 600 million shares, equal to 12.99 per cent of the firm’s post-offe... more

Abu Dhabi landlord demands fee just to negotiate rent increase

May 20 ,2015, city : Abu Dhabi

I live in Abu Dhabi and received notification from my landlord of a 15 per cent rent increase to renew my lease. The increase is too high and I requested an opportunity to negotiate the rent with the landlord. I have been told by the landlord’s managing agent that I will have to pay a fee of Dh300 to renegotiate the rent because I d... more

Dubai’s Rera index has been left behind by falling rents, say brokers

May 20 ,2015, city : Dubai

Dubai property brokers say the city’s rent index has been left behind by retreating rents.

As rents and values continue their slide, average prices on the Rera rental index are out of whack with the market, say brokers.

“With the Rera rent index system yet to evolve into a complex rental matrix th... more

Dubai's Danube launches $100m Glitz 3 project

May 19 ,2015, city : Dubai

Danube Properties has launched the next phase of its Dreamz by Danube project, the $100 million Glitz 3 collection of apartments in Studio City.

Danube Group chairman, Rizwan Sajan said the 352 apartments in the project, which start at prices of $130,000 (AED475,000), are aimed at the middle-income resident.

... more

Manazel prepares to break ground on Capital Health Care City

May 19 ,2015, city : Abu Dhabi

Manazel Real Estate has announced it will break ground on its new Capital Health Care City hospital and property project in the next four months.

The Abu Dhabi-based developer, whose projects include Reef Villas and Dubai’s Dune Village, said in its annual general meeting on Monday that it would earmark Dh1.4 billion ... more

Revealed: Qatar's first water park residential tower

May 18 ,2015, city : Abu Dhabi

A Qatari developer has announced plans to build the country’s first water park into a residential tower in Doha.

Amwaj Suites and Residences will include several swimming pools, an artificial wave pool and water rides at the base of a tower likely to be 29 levels high, Al Bandary Real Estate general manager Maen Al Ha... more

$190.5m affordable homes project launched at Dubai World Central

May 18 ,2015, city : Dubai

Plans were unveiled on Monday to build a AED700 million ($190.5 million) integrated affordable homes project at Dubai World Central.

MAG 5 Property Development, a real-estate company formed jointly by MAG Property Development and MBM Holding, announced the launch of MAG 5Boulevard.

The project will be located... more

MAG announces 1,000 affordable homes near Dubai World Central

May 18 ,2015, city : Dubai

A developer has revealed plans to build 1,000 affordable homes around Dubai World Central.

The project is expected to have a construction value of US$700 million and is being developed by a joint venture company created by MAG Property Development and MBM Holding, Work on the MAG 5 Boulevard development will begin in the fo... more

Damac adds 500 hotel apartments in Downtown Dubai

May 18 ,2015, city : Dubai

Real estate developer Damac Properties added 500 units across two serviced hotel apartments in Dubai Downtown last month.

Damac Maison The Vogue and Naia Breeze, which is managed by the developer’s hospitality division, were among the five projects from the developer in the last 14 months.

Damac Hotels ... more

Eshraq Properties posts Dh7.97 million first-quarter loss

May 17 ,2015, city : Dubai

Eshraq Properties swung to a first-quarter loss as its bookkeeper E&Y said the developer had not established the fair value of a hotel it bought in 2012.

Eshraq, listed in Abu Dhabi, reported a Dh7.97 million loss for the first three months of 2015 – down from a Dh42.7m profit a year earlier.

Revenu... more

Nakheel signs Home Centre, Emax and others to Al Khail Avenue mall in Dubai

May 17 ,2015, city : Dubai

Nakheel has struck a deal with Landmark Group to bring 25 retail brands to its Al Khail Avenue mall being developed in Dubai’s Jumeirah Village.

It includes Home Centre, Centrepoint, Emax, Fun City, SportsOne and Candelite, which combined cover nearly a fifth of the mall’s entire space.

Al Khail A... more

Jumeirah Golf Estates launches new Dubai community

May 15 ,2015, city : Dubai

Jumeirah Golf Estates, home to the DP World Tour Championship, has launched AlAndalus, a new collection of mid-market townhouses, apartments and a community centre.

The plans were revealed as Jumeirah Golf Estates said its profit surged 68 percent in 2014 compared to 2013, closing at AED430 million.

AlAndalus... more

Aldar first quarter profit up 36% as it benefits from higher rental income

May 14 ,2015, city : Abu Dhabi

Aldar profit jumped by more than a third in the first quarter as the developer benefited from a surge in rents from its flagship Yas Mall shopping centre and lucrative land plot sales.

Abu Dhabi’s largest listed developer said profits rose 36.4 per cent to Dh618 million for the first three months of 2015 from Dh453m a... more

Abu Dhabi's Aldar Q1 net profit rises 36% as is slashes costs by nearly half

May 14 ,2015, city : Abu Dhabi

Abu Dhabi's Aldar Properties reported a 36 percent rise in first-quarter net profit on Thursday as costs fell and earnings from its rental business surged.

The state-linked builder of Abu Dhabi's Formula One circuit made a profit of AED618 million ($168.3 million) in the three months to March 31, it said in a bourse... more

Dubai builder Arabtec reports surprise first-quarter loss from construction slowdown

May 13 ,2015, city : Dubai

A slowdown in the construction sector and lower oil prices led the UAE’s largest listed contractor Arabtec to swing into the red and report a surprise Dh279.8 million first-quarter loss.

Company shares plummeted 9.8 per cent in early trading yesterday before recovering ing in the afternoon to close 3.53 per cent down ... more

Dubai landlord unable to trace tenant or rent cheques for nine months

May 13 ,2015, city : Dubai

I live in the United Kingdom and own an apartment in Jumeirah Lakes Towers. I let out my studio apartment to an individual and, at the end of the first year, he requested the renewal contract be in the name of his employer (a real estate agency) as they pay his rent. I agreed, assuming this was a genuine request. This individual has since... more

Dubai’s prime areas are 'oversupplied, congested,' says iconic developer

May 12 ,2015, city : Dubai

Prime real estate areas such as Dubai Marina, Downtown and the Palm Jumeirah have become overdeveloped and now offer limited investment potential for investors, a leading developer told Arabian Business.

Saudi developer Cayan Group, which is most famous for building the iconic twisted tower in Dubai Marina, last month unvei... more

Dubai property outlook better than forecasts, Emirates NBD study finds

May 12 ,2015, city : Dubai

The outlook for Dubai’s property market may not be as bearish as industry analysts have forecast, according to new data from Emirates NBD, Dubai’s biggest bank.

A majority of householders expect rents and house prices in Dubai will continue to rise, survey data show. Rising sales prices, sustained government cap... more

Luxury Dubai property prices fall 1.9% since September

May 11 ,2015, city : Dubai

Luxury residential prices in Dubai have fallen by nearly two percent over the past six months, according to Knight Frank’s latest Prime Global Cities Index.

Its report showed that prices of upmarket properties in the emirate dropped by 1.9 percent between last September and the end of March this year.

I... more

Jumeirah Golf Estates to develop mid-market homes around Race to Dubai course

May 11 ,2015, city : Dubai

Jumeirah Golf Estates is set to start developing mid-market homes for the first time around the course that is home to the European Tour Race to Dubai.

The golf course developer reported a 68 per cent jump in 2014 profits to Dh430 million and revealed plans to develop 625 homes around the course.

It also inte... more

Union Properties first-quarter profit plummets 84%

May 11 ,2015, city : Dubai

The Dubai developer Union Properties yesterday reported an 84 per cent drop in first-quarter net profit on a sharp decline in other income.

Profit during the first three months of the year touched Dh28.1 million, down from Dh179.7m during the same period last year. Other income came in at Dh4.3m for the quarter compared wit... more

Aldar launches sales at Nareel Island project in Abu Dhabi

May 10 ,2015, city : Abu Dhabi

Aldar Properties said on Sunday it has launched the first public sales phase comprising 32 land plots on Nareel Island, a master-planned island community for Emiratis in the heart of Abu Dhabi.

The developer said in a statement that the launch follows the successful off-market sale of the first phase which saw strong demand... more

Sharjah rents level off after increases as Dubai market cools

May 10 ,2015, city : Dubai

Rents stayed flat in Sharjah in the first quarter after months of increases.

Rents in the emirate that had risen by a total of 23.9 per cent during 2014 levelled out in the first quarter as the neighbouring Dubai property market also cooled, according to new figures from Cluttons the property broker.

Sharjah ... more

Aldar puts another 32 villa plots on upmarket Nareel Island on sale

May 10 ,2015, city : Abu Dhabi

Aldar Properties is marketing a further 32 plots of land on Abu Dhabi’s super-posh Nareel Island reserved for Emiratis.

The capital’s largest listed property developer started selling the high-value villa plots close to the Al Bateen area of Abu Dhabi, at a marketing event at Emirates Palace on Sunday.
more

Abu Dhabi waits on new regulations to replace its abandoned rents cap

May 9 ,2015, city : Abu Dhabi

Eighteen months after Abu Dhabi removed a 5 per cent rent cap for properties in the capital, questions are being raised about what, if anything, will replace it.

With rents in the city rising steadily over the past 18 months, stories abound of some long- term tenants facing demands from landlords for yearly rent increases o... more

Dubai’s Aster brings medical expertise to Kochi

May 9 ,2015, city : Dubai

For Azad Moopen, the Dubai-based 62-year-old billionaire who runs Aster DM Healthcare, things came full circle on Wednesday as he returned to his native state of Kerala to launch the company’s flagship hospital in India.

Thousands flocked to see the opening of the high-end, 670-bed hospital alongside the picturesque w... more

Marina Gate ready to provide luxury on a grand scale in Dubai

May 7 ,2015, city : Dubai

As one of the last undeveloped plots of land in Dubai Marina, Select Group’s luxury project, Marina Gate, was always likely to attract a certain type of buyer.

Certainly, if the development – more than 1,000 luxury flats split into three towers – turns out anything like its recently opened show apartment, ... more

Dubai’s Arabtec names new chairman

May 6 ,2015, city : Dubai

Arabtec’s board has elected the powerful Abu Dhabi businessman Mohamed Thani Al Rumaithi as the company’s new chairman.

Mr Al Rumaithi is the chairman of the Unilever offshoot Thani Murshid Unilever as well as the chairman of the Abu Dhabi Chamber of Commerce and Industry.

A well-known figure in t... more

Dubai tenant ordered to pay Dh5,000 after landlord complained about signature on cheque

May 6 ,2015, city : Dubai

I have rented for five years from the same landlord who owns the entire building on the Palm that I reside in. I have paid with four post-dated cheques every year and the lease is recorded with Rera. I have never had any problems with my post-dated cheques. Recently a cheque was returned by the bank because the bank decided that my signat... more

Ivanka Trump eyes new projects in Abu Dhabi

May 6 ,2015, city : Abu Dhabi

Ivanka Trump, the executive vice president of development and acquisitions at The Trump Organization and daughter of property tycoon Donald Trump, is to use her stay in the UAE to scout for potential projects in Abu Dhabi.

“I’m going to spend some time in Abu Dhabi, on the strip while I’m here. I’m d... more

Dubai real estate transactions fall by more than 50%

May 5 ,2015, city : Dubai

The total number of property transactions in Dubai halved last month compared with a year earlier as the market slowdown continued.

According to the latest figures from the Dubai Land Department, the total number of transactions in the emirate plunged 51.8 per cent to 7,311 last month compared with April 2014.

... more

RP Global to build Dubai's second tallest tower

May 5 ,2015, city : Dubai

RP Global, a subsidiary of the RP Group of Companies, today unveiled two new projects in Dubai, worth over AED5.5 billion ($1.5 billion), including plans for the second tallest tower in the city.

RP Heights (below), its first project in Downtown Dubai, is a multi-storey residential tower within two minutes walking distance ... more

Emaar's Egypt unit aims to raise $367m

May 5 ,2015, city : Dubai

Egypt's Emmar Misr said on Tuesday its board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise 2.8 billion Egyptian pounds ($366.97 million).

The subsidiary of Emaar Properties, Dubai's largest real estate developer, said in a statement to the stock exchange it ... more

Luxury retail strip announced for Damac’s Akoya Oxygen in Dubai

May 4 ,2015, city : Dubai

It’s set to have a rainforest, a Tiger Woods-designed golf course and Trump-branded mansions, and now Damac Properties has announced a luxury retail strip for its Akoya Oxygen development in Dubai.

Called Vista Lux, the 1 million square foot entertainment and retail district will feature a waterway and more than 1.5km... more

‘Floating Seahorses’ to be built off Dubai coast

May 4 ,2015, city : Dubai

DUBAI // Dubai’s coastline could soon be home to “The Floating Seahorse”.

The floating home, described as “the first of its kind in the world”, was officially launched by developer The Kleindienst Group at The Dubai International Boat Show in March.

Each villa, designed and manuf... more

$400m luxury residential scheme opens on the Palm Jumeirah

May 4 ,2015, city : Dubai

The first residential-only development on Dubai’s Palm Jumeirah has launched this week.

Serenia Residences is a scheme by Palma Development, a subsidiary of Palma Holding and real estate firm Banian FZCO.

It comprises 250 units, including one- to four-bedroom apartments and penthouse suites ranging in p... more

Nakheel to build Dubai's first all-inclusive hotel on Deira Islands

May 4 ,2015, city : Dubai

Nakheel is to partner with Spain’s RIU Hotels & Resorts to build Dubai’s first all-inclusive beach resort at its planned Deira Islands scheme, the developer has announced.

When complete, Deira Islands will be a 15.3 square km mixed-use waterfront development that will add 40 km, including 21 km of beachfront... more

EYEDEX Early Years Education Exhibition

May 4 ,2015, city : Dubai

Date:     15-16 MAY 2015
Place:    CONRAD DUBAI, Sheikh Zayed Road
                P.O. Box 112237, Dubai, U.A.E
Call Us:   +971 4 3142092 
more

Dubai Duty Free Darts Masters 2015

May 4 ,2015, city : Dubai

The exciting darts championship returns to Dubai.

Date:             Thursday, 28th - Friday, 29th May 2015
Duration:       2 days
Category:       Sports&... more

7th Dubai Tango Festival – May 27-31, 2015 – NOW ONLINE

May 4 ,2015, city : Dubai

Here we are again getting ready for the 7th Dubai Tango Festival – May 27-31, 2015

Year after year, Dubai Tango Festival becomes more famous, and attracts best of the world Maestros, DJs, and Tango lovers from all over the world.

This year again, our tango artists come from diverse backgrounds to bring ... more

Al Gaffal Traditional 60ft Dhow Race 2015

May 4 ,2015, city : Dubai

This is the Silver Jubilee 25th anniversary of the iconic boat race.

Date:               Saturday, 23rd May 2015
Duration:         1 day
Category:        ... more

Dubai's Emaar Properties Q1 net profit rises 7%

May 3 ,2015, city : Dubai

Dubai's Emaar Properties, builder of the world's tallest tower, reported a 7 percent increase in first-quarter net profit on Sunday, extending a run of profits as it sold $672 million in property in its home market and mall revenue rose.

The developer, in which Dubai's government owns a minority stake, made a ne... more

Revealed: Damac to unveil details of rainforest retail strip

May 3 ,2015, city : Dubai

Dubai developer Damac Properties has unveiled details of the 1 million square feet ‘Vista Lux’ retail, which will include a waterway, a rainforest dome with a zip wire, am open air organic market, fountains and an outdoor performance area

Described as the ‘jewel in the crown’ of Damac’s Akoya O... more

Retail assets push up Emaar profit

May 3 ,2015, city : Dubai

Emaar Properties first-quarter profit rose more than 7 per cent, helped by its retail assets.

Last year the developer hived off 25 per cent of its prestigious shopping centres division through an IPO. Assets in the vehicle, 75 per cent of which is still owned by Emaar, include the developer’s vast Dubai Mall complex.<... more

Damac introduces hotel villas to Akoya Oxygen in Dubai

May 2 ,2015, city : Dubai

The Dubai developer Damac Properties has launched its first hotel villa concept.

Nova Hotel Villas at Akoya Oxygen will start at Dh1.75 million for a three-bedroom home, with the units available with up to six bedrooms.

The villas come with private gardens library, solar water heating systems and “have ... more

Dubai’s Dh475 million Bluewaters bridge project gets driverless car link to Sheikh Zayed Road

May 2 ,2015, city : Dubai

A bridge building boom is set to boost transport links in Dubai as city planners race to keep pace with population growth.

It comes as work on the futuristic Dh475 million Bluewaters Bridge gathers pace.

The bridge, which will link the Dh1.6 billion Bluewaters Island tourism megaproject with Sheikh Zayed Road... more

Dubai's Nakheel set to lease Dragon City retail space

May 2 ,2015, city : Dubai

Nakheel has announced that its newly-announced Dragon City mixed-use community in Dubai will open for lease on Sunday, with 1.3 million square feet of new retail space up for grabs.

The Dubai developer said it is adding more than 1,100 new shops, restaurants, cafes and entertainment facilities to the existing Dragon Mart co... more

Dubai skyscraper office rents flatline since July 2014

May 2 ,2015, city : Dubai

Dubai skyscraper office rents have flatlined since the middle of last year and average costs are now less than a fifth of those charged in Hong Kong, a new report has revealed.

The latest Skyscraper Index from Knight Frank and Newmark Grubb Knight Frank showed that average skyscraper prime office rents in Dubai are $43.50 p... more

Tougher mortgage rules spark plunge in Riyadh property deals

May 1 ,2015, city : Dubai

Property transactions in Riyadh have slumped by more than 50 percent since new mortgage regulations were introduced in November, according to a new report by JLL.

Its Q1 2015 Riyadh Real Estate Overview report showed that the volume of villa and apartment transactions recorded by the Ministry of Justice decreased around 70 ... more