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Dubai keeps rank as 2nd biggest retail marketDubai has retained its position as the second most important international retail destination globally, closely behind London, which also retained its position, according to a new report. London and Dubai are significantly ahead o More… |
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UAE hotels post higher occupancy rates in Q1Hotels saw rising occupancy rates rising across key markets in Dubai, Abu Dhabi and Ras Al Khaimah during the first quarter (Q1) of the year, said an industry expert. Hotels in the UAE capital recorded double digit growth in reven More… |
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Dubai residential sector 'on positive growth track'The residential sector in Dubai remains buoyant with rental rates rising by four per cent quarter-on-quarter amidst solid market fundamentals and steady economic growth, said a report. More… |
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Bahrain real estate sector 'bottomed out'The real estate sector in Bahrain has ‘bottomed out’ in terms of rental rates and sale prices during the first quarter, and it is also clear that huge pent-up demand is waiting to cash in on the Bahrain upturn – when it happens More… |
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Saudi rents rise sharply in some areasThe residential rental rates in the Saudi cities of Riyadh and Jeddah rose sharply in 2012 mainly due to demand for low and middle-income housing units from both Saudi nationals and expatriates, said a report. There had been some More… |
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Hong Kong ‘most expensive retail market’Hong Kong is the world’s most expensive global retail market as wealthy Chinese tourists, luxury retailer expansion and a shortage of prime space drive rents to record highs, according to a More… |
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Bahrain residential market 'picks up'The activity in the residential market across Bahrain picked up during the fourth quarter with the apartment and villa rental rates registering solid growth, while secondary market sales continue to show modest gains, said a report. Lea More… |
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Abu Dhabi residential rents down 6pcAbu Dhabi has witnessed a six per cent drop in its average residential rents in the third quarter compared to the previous one mainly due to a rapidly increasing housing inventory across the emirate, according to a report. As resi More… |
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Saudi residential rents surge in H1The apartment rental rates in the Saudi cities of Riyadh and Jeddah rose strongly during the first half mainly due to massive demand for low and middle-income housing among both Saudi nationals and expatriates, according to a report. More… |
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Abu Dhabi rents down 24pc in Q2The residential rents in Abu Dhabi registered a 24 per cent drop in the second quarter over the same period last year amid continuous supply of new housing units and heightened competition, according to a new report. More… |
