Rents in Downtown Dubai fall faster than expected
May 19, 2013 · Leave a Comment.........
On May 13, DubaiChronicle.com published an article exploring the probability of rents in Downtown Dubai to fall during the coming summer months. A week later, the grim reality proves the analysis wrong. Rents in Downtown Dubai are falling faster than expected due to freshly released tremendous supply of new spacious units in modern and well equipped, centrally located towers. Read more
Dubai among most popular property investment hubs, study says
May 14, 2013 · Leave a Comment.........
Only a few days ago, Dubai Chronicle informed that Dubai was announced as one of the hottest property markets for 2012. This trend is seems to be still relevant in 2013, since a new study again places the city among the best spots for real estate investment.
In its Prime Global Cities Index for Q1 2013, Knight Franks outlines the most popular property investment hubs for this year. Dubai is placed on the 4th spot surpassing cities like Shanghai, Los Angelis and Monaco. Dubai is also the only representative of the Gulf region in the ranking.
Signs of falling rents in Downtown Dubai
May 13, 2013 · Leave a Comment.........
Nowadays, in the local newspapers one can read about rising rents in Dubai, both residential and commercial. Tenants are complaining of landlords who demand higher rents and hand out eviction notes prior to contracts expiration. News reporters state that real estate brokerages will hire more staff due to rising demand for their services. During the few off-plan project launches by the state-backed property developer Emaar, speculators presumably bagged premiums of between 10% and 35% on the announced purchasing prices. Even international property investments advisory firms like JLL reported that finally during the first quarter of 2013, the Dubai’s real estate market demonstrated signs of reversing cycle. Read more
2nd among “The Hottest Real Estate Markets on Earth,” or so they say
May 7, 2013 · Leave a Comment.........
Not long ago, Forbes published a ranking called “The Hottest Real Estate Markets on Earth.” Dubai also shines on the prestigious list. Moreover, it occupies the second position in it.
The publication rates the hottest real estate markets for 2012 and it is based on the increase of the average house prices. For Dubai, the average house price last year managed to jump by nearly 20%, or so some say and others report. Read more
Dubai Sustainable City Project Starts in July
May 1, 2013 · Leave a Comment.........
The construction of Dubai’s new grand project, Dubai Sustainable City was officially announced on Tuesday during the International Property Show. The modern eco-friendly city will offer property owners no service charges and utility bills, as well as the opportunity to generate and sell their own electricity. Read more
Dubai Land Department reports 63% growth in value of transactions in Q1 of 2013
April 28, 2013 · Leave a Comment.........
The Government of Dubai Land Department (LD) has revealed impressive statistics for the first quarter of 2013 that show a 63% growth in the total value of transactions made reaching Dhs44bn, with the number of transaction carried out totaling 14,260.
Sultan Bin Mejren, Director General of LD, commented: “The real estate investment market saw an impressive high in the first quarter, with number of transactions soaring in the residential and commercial sector.” Read more
Dubai Residential Market Remains Well Supplied
April 23, 2013 · Leave a Comment.........
The positive performance of the overall residential market observed in 2012 has continued into the first quarter of 2013, according to JLL latest real estate report.
Dubai’s largest shopping malls continue to display strong performance, but smaller struggle
April 21, 2013 · Leave a Comment.........
Dubai retail market overview
Massive supply still suppress Dubai office market
April 18, 2013 · Leave a Comment.........
The total office space stock within areas of Dubai monitored by a real estate investment advisory firm JLL stood at approximately 7 million sq m at the end of Q1 2013.
Partial recovery for Abu Dhabi real estate market
April 16, 2013 · 1 Comment
Selective sub-markets in Abu Dhabi are heading back in to recovery, according to Jones Lang LaSalle’s Q1 2013 market report.
Jones Lang LaSalle, the world’s leading real estate investment and advisory firm, has released its first quarter (Q1) 2013 Abu Dhabi Market Overview report covering the office, residential, retail and hospitality market segments, highlighting that selective sub-markets are heading back in to recovery. Read more
