The residential sale prices in Dubai witnessed a drop in the first six weeks of the third quarter with rates falling 4 per cent for villas and 0.6 per cent for apartments, compared to the previous quarter, according to a report.
Residential rents have increased 20 per cent in Jeddah due to high prices of building material and real estate, a report quoting experts said.
Abdullah Al-Ahmari, a member of the real estate committee at the Jeddah Chamber of Comm
Office rents in Saudi Arabia witnessed a 6 per cent year-on-year increase in the first quarter, aided by growth in the finance and business services and public administration sectors, a report said.
The best performing marke
Residential space is becoming expensive in Dubai and while the landlords rejoice on the strengthening of the property market, tenants in the high end localities are eyeing secondary markets for economical rents, said a report.
The UAE industrial property market was bolstered by an improved economic climate, the successful win of Expo 2020, and the launch of passenger services at Al Maktoum International Airport, a report said.
“Steady growth follo
All sectors of the Egyptian property market remained at or close to the cyclical trough of their cycle even as the Egyptian economy showed signs of improvement in the final quarter of 2013, said a report.
The prime rents in capita
The residential leasing market in the Northern Emirates continues to follow the upward trend witnessed throughout 2013, which was particularly apparent in Sharjah which witnessed a 33 per cent jump last year, said a report.
The residential market in Dubai ended 2013 on a strong note, with prices increasing 22 per cent year-on-year on average and rents registering a 17 per cent growth, said a report.
The recovery has been broad-based and evident in pr
Dubai has made it mandatory for all residents to provide a statement of income from their employer to landlords before leasing a property in the emirate, said a report.
Under the new rules, Dubai Land Department (DLD) has now incl
Landlords in Dubai will be able to increase rents by up to 20 per cent under a new decree issued by Dubai ruler Sheikh Mohammad Bin Rashid Al Maktoum, said a report.
This new rule overrides the 5 per cent rental cap announced earl