Archive for September, 2018

Deyaar awards Dubai residential project contract

PIN
Deyaar Development, one of the UAE’s leading property development companies, has appointed Condor Building Contracting as the main contractor for its 18-storeyed residential project, Bella Rose, launched recently in Dubai Production City. Bella Rose, which will boast a mix of studios, one- and two-bedroom apartments, is located in close proximity to the Mall of the[…]

Billionaire Dubai ruler in bid to build a new mansion on his Scottish estate

PIN
Sheikh Mohammed bin Rashid al-Maktoum, 69, has submitted plans to build two lodges and a nine-bedroom house at his 63,000-acre Inverinate retreat in Scotland The billionaire ruler of Dubai is hoping to expand his massive Scottish estate to accommodate his huge family – adding a nine-bedroom house and two lodges for his staff. Sheikh Mohammed[…]

A compelling case to invest in Dubai realty remains

PIN
On factors that count such as a return on investment, the city remains right up there I was pleased, not surprised, when I skimmed through the latest JLL’s Global Real Estate Transparency Index, which indicates that Dubai has not just retained its position as the most transparent real estate market in the region, but moved[…]

UAE property experts highlight investment sweet spot

PIN
The UAE property scenario is bustling with activity with the studio, one-, two and three-bedroom apartments, valued at a price point below Dh1.5 million ($408,337) emerging the most attractive segment for young professionals and families as they both yield best long-term results, said top industry expert Cluttons Middle East ahead of the Cityscape Global expo.[…]

Dubai premium office space ‘in big demand’

PIN
Dubai continues to generate strong demand for premium office space, according to new data released by global real estate consultancy firm CBRE.    The total office stock in the emirate stood at 9.21 million sq m of gross leasable area (GLA) in the first half of 2018. This represents a 14 per cent rise from[…]

Dar owns three flats in Dubai, house in Lahore, four plots in Islamabad | Top Story | thenews.com.pk

PIN
Dar owns three flats in Dubai, house in Lahore, four plots in Islamabad ISLAMABAD: An accountability court on Friday directed the National Accountability Bureau (NAB) to submit complete details of the former finance minister Ishaq Dar’s assets by October 1. During the hearing, NAB Special Prosecutor Imran Shafiq presented his arguments and said if reservations[…]

Average Dubai property prices said to drop 3% in Q3

PIN
Average property prices in Dubai fell by nearly 3 percent in the third quarter of 2018 compared to the previous quarter, according to a new report from consulting firm ValuStrat. The report said the continued downward trend resulted in citywide capital values falling by 22.3 percent since the peak of mid-2014. ValuStrat said quarterly declines[…]

Dubai property prices, rents continue to fall in Q3

PIN
Dubai villa and apartment rental rates maintained a downward trajectory during the third quarter of 2018, reflecting a trend observed over the past quarters, a new report by Asteco has revealed. Rents decreased by 3 percent and 2 percent respectively since Q2 while the decline of residential sales prices has been more pronounced at 4[…]

UAE’s residential rents under pressure in Q3

PIN
With residential rents maintaining a downward trajectory during the third quarter, the UAE real estate sector is under tremendous pressure this year and this trend is likely to spill over into early 2019, according to Asteco, the UAE’s largest property services company. In Dubai, villa and apartment rental rates maintained the downward trajectory observed over[…]