The International Property Show (IPS) and the inaugural Dubai Property Festival (DPF) 2018 ended on a successful note with a huge turnout from 16,000 visitors and major real estate deals signed during the three-day event. The ‘Mega Property Sale’ also …
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Dubai Real Estate Market to Decline Further, Say Industry Professionals
Residential property prices registered 12 month decline of 2% on average while rents declined by up to 5% in some key areas Off-plan residential properties accounted for 61% of the total transfers during the quarter Approximately 3,800 units were handed …
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MAG, Wasl and Dubai Properties take top honours at Arabian Business Real Estate Awards
The UAE’s biggest real estate players walked away with the biggest prizes at the first ever Arabian Business Real Estate Awards held on Monday night, at the Ritz Carlton, DIFC. Wasl Properties received the “Pioneers of Real Estate Award”, for its …
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Map shows average rental price at every stop on the Dubai Metro
But Property Finder’s map of the average yearly cost of renting a one-bedroom a few metres from each Dubai Metro station is pretty interesting… especially if you’re a daily commuter. It seems that, in some cases, you can get a much better deal on …
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High-end Abu Dhabi developers sense property market rebound
Developers of high-end homes in Abu Dhabi appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to real estate consultancy Cluttons. Its Abu Dhabi Property Market Outlook report for Spring 2018 said the first …
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Is the Abu Dhabi property market near its bottom?
Abu Dhabi’s slowing real estate market may be turning a new hand on the property clock. The residential segment in the emirate will further soften over upcoming months with a potential to begin stabilising by the end of 2018, Trade News Arabia reported …
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Property value dips seen stabilising in Abu Dhabi
Residential property values in Abu Dhabi, especially at some upscale locations, could be on the verge of bottoming out — if so, this could well prompt more developers to get back into the ring. At some locations, albeit prime ones, property values are …
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Abu Dhabi’s real estate market ‘nearing the bottom’
said Cluttons in its ‘Abu Dhabi Property Market Outlook’ report for Spring 2018. Sea-facing villas on Saadiyat Island, for instance, which remain the most expensive residential property type in the capital at Dh1,700 ($463) per sq ft, have seen no movement …
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Abu Dhabi’s real estate market seen nearing bottom
said Cluttons in its ‘Abu Dhabi Property Market Outlook’ report for Spring 2018. Sea facing villas on Saadiyat Island for instance, which remain the most expensive residential property type in the capital at Dh1,700 per sq ft, have seen no movement in …
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Cityscape Abu Dhabi: Talking trends
Appropriately named the city’s ‘brightest star’ by Cluttons in their 2017 Property Report, the sector has proven to be healthy, holding stable rents over much of 2017. With an estimated total value of Dhs6.4bn ($1.74bn) being pumped into Abu Dhabi …
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Dubai Property Show and International Property Show Kicks Off
The highly-anticipated 14th edition of the International Property Show (IPS), the Middle East’s biggest property sales platform for local, regional and international real estate markets, kicked off and will run until 11th April at the Dubai International …
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Emaar to waive registration fees during Dubai Property Festival
Emaar Properties will waive property registration fees for all residential and commercial sales during the upcoming Dubai Property Festival, the company announced on Sunday. Additionally, Emaar will offer special payment plans for a number of its …
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Bloom Properties Announces Timely Handover of Faya Phase Four of Bloom Gardens in Abu Dhabi
Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has announced the handover of Faya, the fourth phase of its prestigious Bloom Gardens master planned community. Sameh Muhtadi, CEO of …
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Dubai’s prime property prices are more affordable than its global peers
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 significantly lower buying costs for real …
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Sell-on clause settles nerves in Dubai real estate
DUBAI — One of the UAE’s biggest real estate brokerages has introduced a new initiative to settle the nerves of anxious sellers and buyers in the Dubai property market. The All Weather transactional structure launched by fäm Properties eases the …
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Rove Hotels opens 384-room waterfront property in Dubai
Rove Hotels, a joint venture between leading UAE developers Emaar Properties and Meraas, has opened its fifth property for the new generation of travellers in Dubai. Located centrally in Dubai Marina, the new Rove Hotels property, with 384 rooms, stands …
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Dubai residential rents are losing steam
Approximately 3,800 residential units were handed over across Dubai in Q1 2018, estimates Cavendish Maxwell, a real estate consultancy. Around 15,000 units in total will be delivered this year. Landlords in Dubai are offering all sorts of incentives to …
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