Friday, September 21, 2018

Property

UAE’s real estate development formula needs a makeover

“The market had found a formula 20 years ago... but forgot to advance with the times,” said Walid Al Hindi, CEO of Abu Dhabi...

Fitch predicts price falls in Dubai property market

In a departure from recent forecasts on Dubai residential property, the rating agency Fitch reckons that it will be the mid-market and lower properties...

Saudi royal seeks $85 million for Beverly Hills compound

A second-generation member of Saudi Arabia’s ruling family is seeking a buyer for his 6.7-acre compound in Beverly Hills, the Wall Street Journal reported....

Dubai real estate sector seeks more international investors

Dubai's property sector witnessed a 25 per cent increase in overall transactional activity in the first quarter of this year. Yet, the city, a...

Dubai: As rents fall, tenants get new & better deals

Residential landlords in Dubai are getting increasingly flexible in their terms and pricing.The burgeoning supply of units in Dubai has given more choice and...

Saudi: Tenants to face travel ban for nonpayment of rent

About 18,700 cases have been filed against tenants who failed to pay rents of houses or business buildings in the past eight months with...

Saudi Arabia house price index rises

The overall Housing Price Index (HPI) for Saudi Arabia has risen to 83 from the previous quarter index of 74, the Saudi Credit Bureau...

Reasons to buy property in Dubai

1. New REIT choicesThere are a number of Real Estate Investment Trusts (REITs) that have entered the market this year. Consequently, a lot of...

Dubai luxury property prices sliping

Luxury residential prices in Dubai fell marginally by 0.8 percent in the year to the end of June, according to real estate consultancy Knight...

Bahrain has a housing shortage

Bahrain is suffering from a housing shortage of about 75,000 units in 2017, according to a new report by CBRE.Its H1 2017 Bahrain MarketView...
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