Wednesday, April 24, 2019

Property

Latest updates on property, launch of new projects, implementation of new technology along with growth and development of real estate business in GCC.

Dubai real estate news

Even by the level of conspicuous consumption prevalent in Dubai’s fitful property market, apartments at the Royal Atlantis stand out. Together with the 795-room...

UAE rents will fall 5-10% in 6 months, say experts

Rents are likely to fall by 5 to 10% in the next 6 months throughout the UAE according to experts. Redundancies and an oversupply...

A primer on Dubai rental index calculations

With key locations in Dubai recording rental declines through the year, it will be up to the city’s Rental Index to mirror the changes...

Saudi: Mega tourism project to boost heritage & culture

Saudi Arabia has started work on its mega heritage tourism project Souq Okaz City in Taif, expected to eventually cost more than $2bn.It will...

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....

Oman: Property Ownership For Expats Banned In Few Places

Expats are banned from owning agricultural land and real estate in many areas of Oman, according to a royal decree by Sultan Qaboos bin...

An Omani sheikh paid $34 million for two apartments so his...

A wealthy sheikh from Oman paid £25 million ($34 million) to buy two flats so his family, friends, and staff could live next to...

Dubai: How much property will $1 Million buy you?

Prices of luxury property in Dubai are much more affordable when compared to global cities.For instance, $1 million can only fetch you 16 square...

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...

Golden Age For Bahrain’s Tenants?

A downward trend on rental prices echo the reduction in hydrocarbon receipts, tighter fiscal policy, and the erosion of long standing food and energy subsidies....
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