Archive for October, 2018

Abu Dhabi real estate prices decrease in Q3: Bayut

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The Abu Dhabi property market has seen prices fall on average for both apartments and villas with significant changes in prices for a few areas in the emirate in the third quarter from the second quarter, 2018, a report said.   The most significant change was for one-bed apartments in Khalifa City A where average[…]

Dubai News | News Centre

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Saturday, October 06, 2018 Dubai Land Department (DLD) announced that the closing ceremony of the first edition of the International Property Awards – Dubai (IPAD) 2018 will be held on 11th October. With 49 companies competing in various categories, 41 of which being local, DLD is expecting a highly competitive first edition. HE Sultan Butti[…]

For Eshraq, immediate focus is building its land bank

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Abu Dhabi developer says it could also go after distressed properties, but not M&A deals A computer image of Eshraq’s project in JVC. Construction is expected to take 30-32 months. Dubai Abu Dhabi-based Eshraq Properties has shelved merger and acquisition plans in favour of developing its own projects. This, after it failed to reach a[…]

Roundup: Dubai real estate fair Cityscape witnesses flow of new projects

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DUBAI, Oct. 3 (Xinhua) — The ongoing three-day real estate fair and exhibition Cityscape Global did not unveil blockbuster projects, but additions to existing property districts across the United Arab Emirates (UAE). Imkan Properties from Abu Dhabi, the UAE capital, showcases at this year’s Cityscape which runs until Thursday a new coastal destination called Sahel[…]

Revealed: how Dubai homes are becoming more affordable

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Getting on to the housing market ladder in Dubai is getting easier with affordability levels rising, according to the annual Bloomberg Global City Housing Cost Index. The UAE city fell 29 spots – or, rather, rose – in the affordability ranking, one of seven cities to drop more than 10 spots from last year’s list,[…]

Housing Prices Are Through the Roof in These 10 Cities

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The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired. (Bloomberg) — Oh Canada! The first two words of that country’s national anthem are also what many people in Toronto and Vancouver must be saying when they pay their rent or mortgage. Toronto’s costs[…]

Property price drops in UAE cities among world’s biggest

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Residential price declines in Abu Dhabi and Dubai are among the most pronounced in the world over the past year, according to a new report by Knight Frank. The real estate consultancy’s Global Residential Cities Index, which tracks the movement in mainstream residential prices across 150 cities, showed values had fallen by 6.9 percent in[…]