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Monthly Archives: April 2018

Dubai house rents may fall more in these areas…

Khaleej Times Real Estate, 23 April 2018

Residential rents across Dubai registered no change during Q1 2018, according to property consultancy Cluttons. This helped to improve the annual rate of change to -3.1 per cent from -7.7 per cent at …

Damac targets to operate 15,000 hotel rooms by 2021

Khaleej Times Real Estate, 24 April 2018

Damac Hotels & Resorts, the hospitality arm of Damac, is looking to boost its current portfolio of around 1,700 hotel units over the next 3 years, with the aim of delivering 15,000 units …

Abu Dhabi office rents fall as companies continue to consolidate

Arabian Business, 27 April 2018

Commercial property rents in Abu Dhabi have adjusted lower to recent redundancies and office consolidations to reach a new equilibrium, according to consultants Core Savills.

Its latest Abu Dhabi Commercial Market Report – 2018 highlighted that …

Dubai’s property prices are more affordable

Khaleej Times Real Estate, 03 April 2018

Dubai’s prime residential property prices have been softening, which made the emirate more economical than most of its peers around the world. However, analysts believe the prices are projected to rise, thanks to …

Abu Dhabi outskirts lose favour among tenants

Khaleej Times Property, 03 April 2018

Residential units on Abu Dhabi’s main island are seeing steady take-up. However, new tenants are not resulting in these positive absorption figures. Rather, this is just a displacement of a portion of the tenant …

Dubai residential rents are losing steam

Khaleej Times, 05 April 2018

Landlords offering all sorts of incentives to retain existing tenants or try to win over new ones.

Tenants in Dubai can work on honing their negotiation skills since residential rents are expected to continue their decline …

Damac chairman expects stable property market in 2018

Gulf News Property, 03 April 2018

Dubai: The head of Dubai-based Damac Properties described the decline in rental rates of residential units across the UAE as a healthy correction and said he expects the property market to be stable in …

Joint ventures: a new driving force in UAE realty development

Gulf news property, 04 April 2018

The groundbreaking headquarters of Abu Dhabi-based Aldar, which has announced a joint venture with Dubai’s Emaar

 
 
The recent strategic alliance announced by two of the UAE’s biggest developers has brought the spotlight on a trend …