Nationwide Middle East Properties in the UAE Real Estate Market ‘Sensational’
BusinessReal Estate 1 August 2019 0
The journey of Nationwide Middle East Properties in the UAE real estate market has been sensational. We have participated in the country’s modernisation and rebuilding process since 2007; gaining the right expertise in the real estate market to finally establish in 2011. During this time period, we’ve witnessed many... Read more
Dubai-headquartered developer Jumeirah Golf Estates (JGE) has Completed Andalus Towers A and B
BusinessReal Estate 25 July 2019 0
Dubai-headquartered developer Jumeirah Golf Estates (JGE) has handed over two of seven residential towers at its Andalusian-inspired community within the 1,119ha Jumeirah Golf Estates masterplanned development in the UAE emirate. In a statement, JGE said one-, two-, three-, and four-bedroom apartments in both towers have sold out. The handover... Read more
Dubai Land Department (DLD) and Property Finder Set to Launch First Official Property Price Index
BusinessReal Estate 24 July 2019 0
The Dubai Land Department (DLD) and Property Finder have signed a memorandum of understanding (MoU) for the launch of Dubai’s first official sales and rental price index. The collaboration will create an index called Mo’asher, which translates to index in Arabic. The first edition of the index will be... Read more
The second quarter 2019 review issued by ValuStrat reports a continuing correction phase where the rental market shows a noticeable weakening. Residential rents and capital values softened, and office rents continued to cater to tenants. ValuStrat’s general manager (Qatar) Pawel Banach said, “Residential capital values have reduced, though the... Read more
For many, the idea of owning an expensive asset in a foreign country is daunting. Yet many are spending tens of thousands of dirhams each year on rent, and while we are receiving something in return – a home to live in for a defined period of time –... Read more
The Abu Dhabi real estate review issued by ValuStrat reported that the emirate’s residential capital values in the second quarter of 2019 were 13.3 per cent lower than last year and 3.3 per cent than the previous quarter. Residential rents softened by another 2 per cent over the last... Read more
UAE’s Property Market is Likely to See an Increasing Number of End Users Buy Properties
BusinessReal Estate 17 July 2019 0
With residential sale prices falling at a slower rate than rents, the UAE’s property market is likely to see an increasing number of end users buy properties rather than rent them, according to real estate consultancy JLL. According to a Q2 report from JLL on the UAE’s property market,... Read more
The real estate sector in Abu Dhabi has witnessed more than 10,000 property transactions in the first half of the year, thus generating a total of Dh31 billion ($8.4 billion) across the emirate, according to the Department of Urban Planning and Municipalities (DPM). A total of 6,374 property transactions... Read more
A Number of Expatriates have Shown Buying Interest in Qatar’s Real Estate Market
BusinessReal Estate 3 July 2019 0
A number of expatriates have shown buying interest in Qatar’s real estate market as it offers excellent opportunity for them to secure permanent residency in the country, Al Asmakh Valuations and Research Director Gaurav Borikar has said. “Expatriates working in Doha for a long period of time are taking... Read more
New Real Estate Ownership Law for 2019 Tackles Many Challenges Facing the Sector
BusinessReal Estate 2 July 2019 0
Prime Minister Omar Razzaz on Monday said that 13th Real Estate Ownership Law for 2019, set to go into effect on September 16, is an “exemplary and modern” legislation that tackles many of the challenges facing the sector. Compiling 13 laws and 19 by-laws, the new legislation builds on... Read more
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