Property prices and rents are expected to take a dive in Dubai before the end of the year. Property consultants are forecasting both will drop by up to 5% by December, after the number of properties c…
( read original story …)
Time to rent or buy property in the UAE?
Should I continue to rent a property or buy? It is the million-dirham question playing on the minds of expatriates in the UAE. Many people arrive in the Emirates thinking they will do a two to …
( read original story …)
AccorHotels adds serviced-apartment development to Dubai portfolio
The Mövenpick Hotel Apartments Downtown Dubai is the brand’s sixth property in the emirate. With 244 units that range from rooms to fully equipped one-, two- and three-bedroom apartments, the property …
( read original story …)
Finding value-for-money deals in Dubai real estate
It’s the perfect time to shop around for value deals in Dubai’s real estate market with property price valuations at their most attractive. Investors are taking the correction in prices as an opportun…
( read original story …)
Proximity to Metro pays off for Dubai property owners
Dubai: Being close the Dubai Metro’s Red Line is paying off for property owners. Prices for apartments within a five-minute walk of a Metro station have grown by 51 per cent between the first quarter …
( read original story …)
Real estate value in Dubai impacted by proximity to metro station
Dubai — Prices for residential units in Dubai that are within a five-minute walk to a metro station have grown by 51 per cent on average between Q1 2010 and Q1 2018, showed Knight Frank’s …
( read original story …)
Live close to Dubai Metro, the rents are lower
The Dubai Metro has impacted residential capital and rental values since it started operations in September 2009 with the opening of the Red Line and the Green Line in 2011. According to a report by g…
( read original story …)
Dubai Holding to Buy Stake in Zara’s Middle East Operator
which has been mostly focused on selling assets and restructuring debt since Dubai’s property-led crisis. The firm which owns Dubai Properties Group LLC and hotel operator Jumeirah Group LLC, is one o…
( read original story …)
UK property ‘a once-in-a-generation opportunity for Middle East investors’
“If there was a time to buy UK property I would say it is now,” says Mr Sanger, a Dubai resident with £14 million (Dh66.8m) of real estate assets in the UK spread across buy-to-let terraced houses in …
( read original story …)
Dubai Holding said to buy stake in Beirut’s Azadea
which has been mostly focused on selling assets and restructuring debt since Dubai’s property-led crisis. The firm which owns Dubai Properties Group and hotel operator Jumeirah Group, is one of three …
( read original story …)
Emaar launches premium Downtown Dubai apartments
… build-to-sell property development business majority-owned by Emaar Properties, is offering investors the last opportunity to invest in a residential apartment in Downtown Dubai, the world’s most …
( read original story …)
India’s Lemon Tree to open first Dubai hotel
Indian mid-range hotel chain Lemon Tree said on Tuesday it would open its first property in Dubai. The hotel, located on Al Wasl Road, will features 114 rooms and suites, an international …
( read original story …)
Dubai real estate brokers earn 35% less commission in first nine months of 2018
Real estate brokers in Dubai earned 35 per cent less commission in the first nine months of 2018 compared to the same period last year. Figures from Dubai Land Department (DLD) showed Dhs842m ($ …
( read original story …)
Hotel Review: InterContinental Abu Dhabi
I had the chance to stay at this property for a long weekend and try some of the hotel offerings. If you can remain sober during your holidays keep yourself out of trouble, Abu Dhabi is a fine destina…
( read original story …)
Dubai property brokers earn $229m commissions so far in 2018
Dubai Land Department (DLD) on Saturday announced that the real estate brokerages made commissions totalling AED842 million ($229 million) in the first nine months of 2018. The brokers contributed to …
( read original story …)
The Royal Atlantis Residences Dubai Luxury Property
Building on the successes of the current Atlantis resort, the dramatic openings that define phase 2 create a striking, recognizable new icon for Dubai. They reinforce and reimagine the Atlantis brand, …
( read original story …)
This Might Be the Right Time to Invest in a Property in Dubai
Prime property has become more affordable in Dubai as prices continued their downward trajectory in the third quarter of 2018. The emirate was ranked 39th in the Global Residential Cities Index by con…
( read original story …)