The increase in affordable housing in Dubai is having a negative effect on rents in the Northern Emirates, according to the latest report from real estate consultancy Asteco.
The average rent levels declined marginally during Q4 2016 in
With the fallout from low oil prices and continued currency woes, it is no surprise that 2016 was a tough year for the UAE's real estate market, according to leading ratings agency S&P.
Dubai's residential prices dropp
Dubai’s real estate market has kicked off the new year on a positive note with the value of its real estate transactions hitting Dh42 billion ($11.4 billion) in the first 45 days, said a report by Dubai Land Department (DLD).
The Saudi real estate industry is poised to witness solid growth and development in the coming years, thanks to the new legislations on mortgage reforms, the new building code system for the kingdom and the white land tax plan, said an expert.
Average daily real estate dealings in Bahrain reached BD5 million ($13.1 million) and sometimes BD7 million in January, reported the Gulf Daily News, our sister publication.
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United Real Estate Company, a leading real estate development company in Kuwait, said one of its developments - Assoufid Golf Course - has won the award for ‘Africa’s Best Golf Course 2016’ and ‘Morocco’s Best Golf
Record investment deals on the show floor of Cityscape Abu Dhabi in 2016 have resulted in more than 90 per cent of the show floor space being already sold for this year’s event, according to the organisers.
With sales permit
After witnessing a marginal growth in 2014, the Saudi Arabia's real estate prices have fallen to new lows for the past eight consecutive quarters due to weakness in the residential sector, mainly plots and apartments, said a report.
Dubai Properties (DP), a leading UAE-based real estate master developer, concluded 2016 with a successful handover of more than 3,000 residential units, supporting one of the city’s leading handover tallies since 2012.
Emirates Real Estate Fund (EREF) has agreed a $190.6-million (Dh700 million) Shari’a compliant finance facility with Emirates NBD, on “attractive” commercial terms.
The new facility will help contribute to restru