Sunday 25 September 2016
 
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property prices

Saudi white land tax 'to cut property prices by 40pc'

The introduction of the 2.5 per cent annual tax on unused land by the Saudi government is likely to bring down the property prices by up to 40 per cent in areas outside the main cities, said a report. The new 'white land tax&#

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Dubai residential property prices down 4.9pc

The residential property prices in the rental market in Dubai, UAE, plunged 4.9 per cent year-on-year (y-o-y) in March owing to a steep fall in apartment and villa prices compared to the same period last year, said a report. The D

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UAE property prices likely to drop further in 2016

The real estate prices in the UAE are likely to continue declining this year mainly due to the oil slump which has inturn dampened the hiring and expansion plans of energy firms besides the softening of non-oil private companies' business ac

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Dubai property price slump linked to forex flux

Real estate demand in Dubai, UAE which fell significantly in the first half (H1) of the year continuing into the third quarter, was driven primarily by currency fluctuations, indicating a very low propensity for international real estate investm

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Dubai property prices likely to fall 20pc in 2015

Dubai residential property prices are likely to fall 10 to 20 per cent this year because of subdued demand, slower economic activity and downbeat investor sentiment, credit rating agency Standard & Poor's (S&P) said on Monday.

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Abu Dhabi property rents, price stable in Q1

Property leasing and selling prices remained relatively stable in Abu Dhabi, UAE, for the first quarter of 2015, according to a report. The trend is in anticipation of the awarding of mega projects in Abu Dhabi and Dubai which are

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Abu Dhabi properties stable after 6-month rise

The real estate market in Abu Dhabi is stabilizing after six months of rising values, which resulted in  yields being eroded, lower loan to value ratios and limited availability of quality apartments, a report said. Despite t

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UAE residential prices edge up in Dec

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

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IMF warns Dubai on debt, surging property prices

The International Monetary Fund has warned Dubai that the emirate might need to intervene in its property market to prevent another boom-and-bust cycle of the kind which brought it close to default four years ago. Over-inflated Du

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Dubai property prices continue to rise in Q2

Property rental and sales prices in Dubai continued on their upward trend during the second quarter (Q2) of 2013, with year-on-year apartment rents and sales prices up 20 per cent and 38 per cent respectively, a report said. Apart

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