Friday, June 22, 2018

Property

Dubai: Municipality fees at hotels, restaurants slashed

Dubai has announced plans to reduce the municipality fee on sales at restaurants and hotels. The municipality fee will be cut to 7% from...

Bahrain is going big on real estate

With overall economic growth hovering around 3 percent in 2017, Bahrain registered the most vigorous growth among all Gulf Cooperation Council (GCC) nations. As...

Saudi housing crisis tests Crown Prince’s reform drive

 RIYADH, May 31 (Reuters) - Saudi Arabia's crown prince wants to build a mega-city with the latest robotics under his grand plan to reform...

UAE: New residency and ownership rules

The UAE’s surprise announcement that it will allow full foreign ownership in companies and grant long-term visas to select investors and professionals is set...

UAE: Expats excluded from VAT refunds on properties

The UAE's Federal Tax Authority (FTA) has announced procedures for VAT to be refunded on payments for new residences - but expats will not...

Dubai: Property prices and rents continue falling

Dubai real estate sales and rent prices continue to fall, according to a new report from consultants Core Savills.In its latest Dubai residential market...

Kuwait: Flats Vacant as Expats Leave; Rent Values Fall by 13%

There are currently 49,130 empty flats in Kuwait and 26,466 others under construction; thus more than 75,000 units need to be “absorbed” by the...

World’s most futuristic looking hotel – guests to sleep in 19-metre-high...

This is the space-age design for a new hotel that will see guests sleep inside luxury triangular pods that stand 19 metres high.Tetra Hotel...

Dubai: Property suffers biggest price drops in 4 years

Chestertons MENA said sales prices for apartments and villas fell 5 percent quarter-on-quarter in Q1, denoting the highest quarterly drop in sales prices since...

Dubai stocks fall to 27-month low on real estate fears

Dubai stocks hit a 27-month low on the back of sharp falls in the real estate market and a drop in liquidity. The Dubai bourse,...

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