According to a recent report by property firm Cluttons, it was a not a too stressful 2015 stability for businesses who rent an office in Dubai as prices in most of Dubai’s main markets persisted throughout the year.
The report said 13 of its 22 submarkets – more than half – witnessed no change in starting rents in the past 12 months, while seven witnessed an increase.
“The highest rent rises were recorded in Dubai Design District (D3), where free-zone and non-free-zone rents rose by a meteoric 67 per cent[...]
According to a Gulf News report, there is still plenty to look forward to when it comes to seeing new villa in Dubai landscapes rise up – however, the UAE’s construction sector is headed for another tough year say market watchers.
The number of new contracts is likely to end up lower than in 2015, according to forecasts by the consultancy JLL. Also, a significant number of newly tendered contracts will be for refurbishments and extensions rather than greenfield projects, as “developers try to generate more out of existing assets”, according to JLL.
If these forecasts prove founded, it will be a further burden for a construction indu[...]
Dubai Land Department (DLD) recently released its annual report, and it showed real estate transactions recorded in the emirate last year exceeded Dh267 billion. So, it wasn’t just renters spending the big bucks.
The report showed an 8 per cent increase compared to 2014 with 63719 total transactions.
Sultan Butti Bin Merjen, Director General of DLD, said in the media: “These quarterly reports issued by our experts assure that the Dubai market has reached a stage of wise maturity and rational dealing with the requirements by the various sides in the real estate market. If we look at the moves that have been recorded over the past year details, we can see clearly the optimal policies followed by senior developers to diversify their products and put forward their prop[...]
Investment company and property developer Tanmiyat Global, based in Riyadh in Saudi Arabia, has unveiled plans to build Dubailand’s tallest towers as part of its long delayed Living Legends project on the outskirts of Dubai. The Saudi firm said that it planned to complete the 34-storey Skyline twin towers in Dubailand in 2018. Dubai exterior community hopes to benefit from new project.
The 1 million square feet towers will comprise 750 residential and hotel apartments. An additional eight floors will form the base of the two towers, consisting of the Legends M[...]
It is something of a grey area, but people who rent apartments in Dubai often find themselves under pressure when it comes time to renew a lease from an agent to pay a so-called renewal fee. Property renters can feel totally in the dark.
Some tenants have complained of hassling phone calls demanding them to pay (which is unprofessional if an agent does this) – and aren’t even sure if this is money they are meant to hand over – so what’s the deal?
Basically, tenants only need to pay if it is written
Dubai property prices are staying firm after settling down over the past couple of months following a fall triggered by global and regional factors such as the slump in oil prices, weaker currencies in Russia and Europe, and troubles in Yemen and Syria – according to the Dubai Land Department, or DLD.
“The going is strong and market dynamics are favourable,” said Sultan Al Akraf, head of real estate registration at DLD, at the Dubai Property Show in Mumbai. He said there is currently no sign of a slowdown in[...]
The recent harsh demands by some Dubai landlords on their tenants could soon be about to backfire as leasers may get options they never had in the past.
According to reports in the media, some master developers are reviving rent-to-own schemes, and if offered at certain price points, they should have no trouble finding a ton of eager buyers – especially those looking for Dubai apartments for sale.
In rent-to-own, the buyer enters an arrangement with the developer whereby the mo[...]
For people with a lump of cash to invest, the idea of buying property in Dubai is very appealing. Year-round sun, fantastic beaches and leisure options, world class luxurious homes on offer – plus a consistently lucrative sales market – all add up to a great prospect for house hunters.
Situated at the very heart of Dubai, Business Bay is home to some of the largest companies and organisations not only in the country, but throughout the world.
Across the development’s 46.9 million square feet, you’ll find attractive, affordably priced offices, shops and other commercial properties for rent or sale, all designed and maintained in keeping with the high standards you’d expect from such a prominent location.
Whether you’re looking for a new commercial premises to start a business, or a high quality home-away-from home whilst working in Dubai, here’s a selection of some of the exclusive Dubai Business Bay commercial rental properties available for viewings right now.
Known throughout the world as a shining example of beautiful luxury living, the man-made region of Palm Jumeirah is one of the most in-demand locations for those looking to buy a new home in Dubai.
It’s for this reason that we’re so eager to present you with these latest must-see properties in Palm Jumeirah, giving you the opportunity to check out some of the most impressive apartments and villas before it’s too late.
Offered at AED 12,000,000 by Aston Pearl Real Estate, this stunning and spacious garden villa may only be a recent arrival to our list of properties for sale in Palm Jumeriah, but it won’t be around for too long.
With four large en suite bathrooms boasting stunning sea and gar[...]