With 25,000 residential units slated for delivery in 2015, rental rates in Dubai, UAE, will be impacted further, a report said, noting however that the decline could be neutralised in the wake of an increased demand for accommodation.
APR Energy, which rents out turbines and generators to overcome power shortages, said it had ceased operations in Yemen due to the escalating conflict in the country.
The company has been operating in Yemen since 2012, provi
As real estate asset prices in Dubai stabilise and start to trend lower in certain areas, the emirate has entered the 'new normal' with investors beginning to hunt for stable rental returns, a report said.
Residential rentals in Abu Dhabi achieved significant growth during the first quarter of 2014, with an average rise of close to 10 per cent, a new report said.
Housing units in off-island locations experienced higher rent gr
Additional property supply in 2014 softened residential rental rates further in the first quarter (Q1) of the year, with little or no increase in some areas, while high-end properties in investment areas recorded modest increases of between 1-3
Property prices in Dubai and Abu Dhabi housing markets increased 2.64 per cent 2 per cent month-on-month respectively in December 2013, according to a report.
The Dubai residential property sales index for all residential increase
Rental rates in Riyadh’s office sector could drop by 3 per cent due to extreme oversupply, a report said, adding that rates are likely to remain static in the retail and industrial sector in 2014.
Meanwhile, rental rates in
Dubai’s industrial and logistics sectors witnessed a healthy growth in the first quarter (Q1) of the year, with a steady demand from new businesses entering the market and renewed confidence amongst existing players, a report said.
The leasing market in Abu Dhabi remained strong in the first quarter of the year with good levels of demand increasing rental rates by as much as 8 per cent, particularly in the high-end segment, a report said.
It was also a simil
The Hertz Corporation, the world's leading general use car rental brand, has expanded its Supercar offerings in Europe for Middle East travellers seeking the ultimate driving experience when on summer vacations this year.